WASHINGTON — The Federal Deposit Insurance Corp. is set to release its quarterly update on the industry's health on Aug. 30.
The second-quarter Quarterly Banking Profile will indicate whether banks have rebounded from their slight slump in the first quarter.
As reported in the agency's previous QBP, between January and March earnings for banks and thrifts fell 1.9% from a year earlier, partly due to energy exposure.
However, there were also some positive signs, including a 6.9% increase in loan balances from a year earlier, driven by commercial and industrial loans.
The report will be released at 10:30 a.m. followed by a Q&A with FDIC Chairman Martin Gruenberg.