"There are signs of growing credit risk, particularly among loans related to energy and agriculture,” said the FDIC's chairman.
The increase in third-quarter earnings was mainly attributable to a $3.2 billion decline in noninterest expenses.
The sector's first-quarter net income rose 16% from a year ago, compared to 6.9% for all FDIC-insured banks.
A new proposal from the FDIC would force banks to use standard models to calculate counterparty risk and the premiums they pay for deposit insurance.
