WASHINGTON — The Federal Deposit Insurance Corp. is set to release its quarterly barometer of the banking industry on May 24.

The first-quarter Quarterly Banking Profile will indicate whether banks will keep the momentum going to break earnings records, as they did last year. According to the FDIC's QBP from the fourth quarter, banks earned $171.3 billion in 2016 — their highest annual earnings ever.

But there were some troubling signs, too, with the number of banks falling by about 200 that year.

The report will be released at 10:30 a.m. followed by a Q&A with FDIC Chairman Martin Gruenberg.

The report will include a Q&A with FDIC Chairman Martin Gruenberg.

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