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Banking industry earnings move up

Banks and savings institutions earned $26.3 billion in the fourth quarter, $4.9 billion more than the industry's $21.4 billion profit a year ago, the FDIC said earlier this week. For all of 2011, the industry earned $119.5 billion, marking the second straight year of improving performance and highest full-year total since 2006.

Sixty-three percent of all institutions reported an improvement in quarterly net income from a year ago. Those reporting fourth-quarter net losses fell to 18.9 percent, down from 27.1 percent a year earlier. The average return on assets rose to 0.76 percent, up from 0.64 percent a year ago.

You can read the FDIC's entire report in the Quarterly Banking Profile by clicking here.

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