SIMPLY AMAZING ... BANK PROFITS UP SIGNIFICANTLY, WITHOUT LENDING!

Subject: FDIC Quarterly Banking Profile - Third Quarter 2010

The third quarter 2010 FDIC Quarterly Banking Profile (QBP) is now available on line. FDIC-insured institutions reported an aggregate profit of $14.5 billion in the third quarter of 2010, a $12.5 billion improvement from the $2 billion the industry earned in the third quarter of 2009. This is the fifth consecutive quarter that earnings have registered a year-over-year increase.  Almost two-thirds of all institutions (63.3 percent) reported improvements in their quarterly net income from a year ago, but nearly one in five institutions (18.9 percent) had a net loss for the quarter. The average return on assets (ROA) rose to 0.44 percent, from 0.06 percent a year ago.  

The QBP provides the earliest comprehensive summary of financial results for all FDIC-insured institutions. This report card on industry status and performance includes written analyses, graphs and statistical tables. In addition to the QBP, you may be interested in these other related products that have been updated to reflect this quarter’s data:

Call and Thrift Financial Reports
Complete bank Call Reports and savings institution Thrift Financial Reports, including detailed balance sheets and income statements.

Institution Directory
Comprehensive financial and demographic data for individual FDIC-insured institutions.

Statistics on Depository Institutions
Financial analysis tool that provides custom peer group analysis and data download capability.