WASHINGTON The Federal Deposit Insurance Corp. will provide an update on bank performance on Sept. 2 when it releases the Quarterly Banking Profile for the second quarter of 2015.
Banks hope to build on a strong first quarter where earnings rose 6.9% from a year earlier, boosted by a 2.6% increase in operating revenue for the same time frame. However, the average net interest margin fell to 3.02% from 3.16% a year ago, as loans with higher yields matured and were replaced by assets with lower interest rates.
Community banks continued to outpace the industry in the first quarter with earnings growing 16.4% from the year before and it will be interesting to see if that trend continues.
The report will be released at 10:30 a.m. EST and will be followed by a presentation from FDIC Chairman Martin Gruenberg.