PRESS RELEASE
Federal Deposit Insurance Corporation Each Depositor insured to at least $250,000
February 28, 2017
Media Contact:
Name: Julianne Fisher Breitbeil
Phone: (202) 898-6895
Email: jbreitbeil@fdic.gov
Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's
banking system. It promotes the safety and soundness of these institutions by identifying, monitoring and addressing
risks to which they are exposed. The FDIC receives no federal tax dollars — insured financial institutions fund its
operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically
(go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC's Public Information
Center (877-275-3342 or 703-562-2200). PR-16-2017
FDIC-Insured Institutions Earn $43.7 Billion in Fourth Quarter 2016
Community Bank Net Income Rises to $5.3 Billion
• Quarterly Industry Net Income is 7.7 Percent Higher Than a Year
Earlier
• Full-Year 2016 Industry Earnings Rise to $171.3 Billion
• Community Bank Revenue and Loan Growth Outpace Industry
• Total Loan Balances Rise 5.3 Percent During 2016
“The banking industry had another largely positive quarter. Nevertheless, the
industry continues to face challenges.”
-- FDIC Chairman Martin J. Gruenberg
Commercial banks and savings institutions insured by the Federal Deposit Insurance
Corporation (FDIC) reported aggregate net income of $43.7 billion in the fourth quarter
of 2016, up $3.1 billion (7.7 percent) from a year earlier. The increase in earnings was
mainly attributable to an $8.4 billion (7.6 percent) increase in net interest income.
Financial results for the fourth quarter of 2016 are included in the FDIC's
latest Quarterly Banking Profile released today.
Of the 5,913 insured institutions reporting fourth quarter financial results, 59 percent
reported year-over-year growth in quarterly earnings. The proportion of banks that were
unprofitable in the fourth quarter fell to 8.1 percent from 9.6 percent a year earlier.
Federal Deposit Insurance Corporation Each Depositor insured to at least $250,000
February 28, 2017
Media Contact:
Name: Julianne Fisher Breitbeil
Phone: (202) 898-6895
Email: jbreitbeil@fdic.gov
Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's
banking system. It promotes the safety and soundness of these institutions by identifying, monitoring and addressing
risks to which they are exposed. The FDIC receives no federal tax dollars — insured financial institutions fund its
operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically
(go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC's Public Information
Center (877-275-3342 or 703-562-2200). PR-16-2017
FDIC-Insured Institutions Earn $43.7 Billion in Fourth Quarter 2016
Community Bank Net Income Rises to $5.3 Billion
• Quarterly Industry Net Income is 7.7 Percent Higher Than a Year
Earlier
• Full-Year 2016 Industry Earnings Rise to $171.3 Billion
• Community Bank Revenue and Loan Growth Outpace Industry
• Total Loan Balances Rise 5.3 Percent During 2016
“The banking industry had another largely positive quarter. Nevertheless, the
industry continues to face challenges.”
-- FDIC Chairman Martin J. Gruenberg
Commercial banks and savings institutions insured by the Federal Deposit Insurance
Corporation (FDIC) reported aggregate net income of $43.7 billion in the fourth quarter
of 2016, up $3.1 billion (7.7 percent) from a year earlier. The increase in earnings was
mainly attributable to an $8.4 billion (7.6 percent) increase in net interest income.
Financial results for the fourth quarter of 2016 are included in the FDIC's
latest Quarterly Banking Profile released today.
Of the 5,913 insured institutions reporting fourth quarter financial results, 59 percent
reported year-over-year growth in quarterly earnings. The proportion of banks that were
unprofitable in the fourth quarter fell to 8.1 percent from 9.6 percent a year earlier.