WASHINGTON — The Federal Deposit Insurance Corp. next Tuesday will release its latest quarterly update on earnings, loan growth and other indicators for the entire banking industry.
The agency's Quarterly Banking Profile will be unveiled at 10 a.m. on Aug. 28.
In May, the FDIC reported $35.3 billion net income for bank and thrifts in the first quarter, although the industry's total loan volume suffered a slight decline of 0.8% compared to the prior quarter. First-quarter highlights included $63 billion in noninterest income, which was 8% higher than a year earlier. The industry's net operating revenue of $170 billion in the first quarter was 3% higher than in the first quarter of 2011.