Banks returned to shareholders nearly three-quarters of the record $52.4 billion earned in 1996.

The amount paid out, $38.8 billion, was 24.8% more than the $31.1 billion banks paid shareholders-their holding companies and investors-in 1995, according to the Federal Deposit Insurance Corp. That year, banks paid out 64% of the $48.7 billion they earned.

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.