The Federal Deposit Insurance Corp.'s proposed cut in U.S. banks' deposit premiums would boost the industry's earnings by at least 6% annually, analysts said.

Banks with a strong retail focus would receive the strongest boost. Barnett Banks Inc.'s pretax income would jump 8.1%, and First Fidelity Bancorp would enjoy a 7.9% pretax income gain, according to Standard & Poor's Corp.

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.