FDIC’s Quarterly Banking Profile for Q4 2013
The health of FDIC-insured institutions is looking up, according to the latest edition of their Quarterly Banking Profile (QBP). This publication, summarizing the fourth quarter of 2013, boasted impressive statistics compared to the previous year, such as:
• Quarterly net income of $40.3 billion (↑17%)
• Full-year net income of $154.7 billion (↑10%)
• Net charge-offs of loans and leases totaled $11.7 billion, a seven-year low (↓36.7%)
• Fewest failures per quarter since the second quarter of 2008 (2 institutions)
See the full profile for the fourth quarter, Quarterly Banking Profile report.
To learn more about what’s in store this year for the banking industry, download the Lending Outlook for 2014 whitepaper.