FDIC Archives - CFO

FDIC Leaders Clash Over Bank Merger Policy

Risk & Compliance

FDIC Leaders Clash Over Bank Merger Policy

A move by two Democrats on the FDIC board to launch a review of merger policy indicates “a remarkable breakdown in trust among leaders" of the agency.

By Matthew Heller | December 10, 2021

Bank Profits Fall 1.2% to $69.5B in Q3

Bank Profits Fall 1.2% to $69.5B in Q3

The dip in net income reflected a slowdown in the lowering of banks' loan loss provisions to negative $5.2 billion.

By Matthew Heller | November 30, 2021

Bank Profits Rise 29% to $76.8B in 1st Quarter

Financial Performance

Bank Profits Rise 29% to $76.8B in 1st Quarter

Still, net interest income fell by $7.6 billion, or 5.6%, the sixth straight quarterly decline, and average net interest margin fell to 2.56%.

By Matthew Heller | May 26, 2021

Bank Profits Rise 9% to $59.9B in 4th Quarter

Financial Performance

Bank Profits Rise 9% to $59.9B in 4th Quarter

“Banks remained resilient in fourth quarter 2020, consistent with the improving economic outlook,” the FDIC says.

By Matthew Heller | February 23, 2021

Another Weak Quarter for U.S. Banks

Credit & Capital

Another Weak Quarter for U.S. Banks

Banks' net interest margins plummet; poor business loan performance pushes up delinquency and charge-off rates.

By Vincent Ryan | August 25, 2020

U.S. Banks’ Profits Sink 69% to $18.5B in Q1

Financial Performance

U.S. Banks’ Profits Sink 69% to $18.5B in Q1

Banks diverted earnings to reserves for "newly risky loans as the coronavirus tanked credit health and plunged the U.S. into a recession."

By Matthew Heller | June 17, 2020

Square Analysts React to FDIC’s Conditional Banking License Approval

Credit & Capital

Square Analysts React to FDIC’s Conditional Banking License Approval

The fintech company began its bid for a banking charter over two years ago.

By Lauren Muskett | March 20, 2020

Banks’ Expenses Growing, But Not Their Incomes

Banks’ Expenses Growing, But Not Their Incomes

The formula for banks' lower profits: three rate cuts by the Fed, yield-curve inversions, and higher salary and benefits costs.

By Vincent Ryan | February 26, 2020

Fintech Varo Wins FDIC Approval To Take Deposits

Fintech Varo Wins FDIC Approval To Take Deposits

The company said the approval was “a significant step in [its] application process for a national bank charter.”

By Vincent Ryan | February 11, 2020

U.S. Banks’ Earnings Drop 7.3% to $57B in Q3

U.S. Banks’ Earnings Drop 7.3% to $57B in Q3

It was the first quarterly decline in net income since late 2018 but the industry generated nearly $100 billion in new loans.

By Matthew Heller | November 29, 2019

Bank Profits Surge 8.7% to $60.7 Billion in Q1

Credit & Capital

Bank Profits Surge 8.7% to $60.7 Billion in Q1

Boosted by a 6% gain in net interest income, the industry's strong Q1 performance followed a record year in 2018.

By Matthew Heller | May 29, 2019

Banker Confidence Levels Are Slipping

Banker Confidence Levels Are Slipping

Despite a strong fourth quarter, many U.S. bankers foresee a worsening economy and higher funding costs.

By Vincent Ryan | February 25, 2019

Banks’ Balance Sheets: Strong Enough to Absorb a Credit Shock?

Credit & Capital

Banks’ Balance Sheets: Strong Enough to Absorb a Credit Shock?

Quarterly U.S. bank earnings show balance sheets getting stronger; business loans still performing well.

By Vincent Ryan | November 21, 2018

GAO Report Finds Cybersecurity Failings

GAO Report Finds Cybersecurity Failings

The SEC, IRS, and FDIC were among the agencies cited for not adequately addressing security vulnerabilities.

By William Sprouse | September 10, 2018

Banks Making a Bundle

Banks Making a Bundle

“The current economic expansion is the second longest on record, and the nation’s banks are stronger as a result," said the FDIC chair.

By Vincent Ryan | August 24, 2018