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Insured institutions earn $43 billion in second quarter 2015

In the second quarter of 2015, commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported an aggregate net income of $43.0 billion. This is a 7.3 percent increase of $2.9 billion from a year earlier and the highest quarterly income on record.

More than half of the 6,348 insured institutions in the second quarter reported year-over-year growth in quarterly earnings. However, the proportion of unprofitable banks in the second quarter fell the lowest it has fallen since the first quarter of 2005. To read the entire story about the net income of the insured banks and institutions, click here.

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