Banks and thrifts owned by women or members of minority groups generally outpaced the industry in earnings growth last year, according to a new report, but profits fell at black-owned institutions.

Net profits of the 180 special-ownership institutions rose 24.2%, to $617.1 million, and their assets rose 11%, to $62 billion.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.