WASHINGTON — The Federal Deposit Insurance Corp. will report the industry's full 2011 earnings Tuesday in the agency's regular quarterly update.
The FDIC's Quarterly Banking Profile will also include bank and thrift data for the fourth quarter of last year. The last QBP, reported in November, showed institutions earning $35.3 billion in the third quarter — 50% higher than quarterly earnings a year earlier — but the impressive profit was largely due to lower loss provisions.
The briefing Tuesday, scheduled to begin at 10 a.m., will include a statement from acting FDIC Chairman Martin Gruenberg, followed by a question-and-answer period with FDIC staff.
