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Oklahoma bank earnings up over previous years

Oklahoma banks net income sat at $514 million after the second quarter, according to the just-released FDIC report. This is a significant improvement over the $435 million net income after the second quarter of 2011 and the $365 million net income following the second quarter of 2010.

The FDIC released it's Quarterly Banking Profile on Tuesday and it showed only 2.99 percent of Oklahoma commercial banks listed as unprofitable institutions – a drop from 3.78 percent at the same time in 2011 and a significant fall from the 7.32 percent listed in 2010.

Nationally, banks and savings institutions earned $34.5 billion in the second quarter, $5.9 billion more than the industry's $28.5 billion profit a year ago. Almost two-thirds – 62.7 percent – of all institutions reported an improvement in quarterly net income from a year ago.

You can read the national press release from the FDIC concerning the second quarter numbers by clicking here. You can also read the entire Quarterly Banking Profile report by clicking here (.pdf).

To access the Oklahoma-specific numbers, click here.

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