Monday, September 9, 2019

FDIC Quarterly Banking Profile


This just out for 2Q... not very timely fwiw...  banks were starting to realize some gains in their out sized  portfolio of CCAR Tier1 quality asset due to moron induced "debt ceiling!"  bond rally... but the stall/reversal in rates has also stalled their rate of increase in Net Interest Income ofc...  can't have it both ways...   overall not too shabby considering the shitty monetary and fiscal policy conditions that quarter..

 Highlights:

• Net Income Rises 4.1 Percent to $62.6 Billion on Higher Net Interest Income 
• Net Interest Margin Remains Stable at 3.39 Percent 
• Total Loan and Lease Balances Expand 4.5 Percent From 12 Months Ago 
Net Income Rises 4.1 Percent to $62.6 Billion on Higher Net Interest Income 
During the three months ended June 30, quarterly net income for the 5,303 FDIC-insured commercial banks and savings institutions totaled $62.6 billion, an increase of $2.5 billion (4.1 percent) from a year ago. Improvement in quarterly net income was attributable to higher net interest income and an increase in realized securities gains

Net Interest Income Expands 3.7 Percent From a Year Earlier 
Net interest income of $139 billion increased by $4.9 billion (3.7 percent) from a year earlier, the slowest year-over-year growth rate since fourth quarter 2015. Slightly more than three-quarters of all banks (75.1 percent) reported an increase in net interest income from second quarter 2018. Net interest margin for the banking industry was 3.39 percent during the quarter, up slightly from 3.38 percent a year ago but below a recent high of 3.48 percent in fourth quarter 2018.

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