FDIC 4th Quarter 2023 Banking Profile

Posted on March 7, 2024 Published by
  • Full-Year 2023 Net Income Declined but Remained Well Above Pre-Pandemic Levels
  • Quarterly Net Income Fell 43.9 Percent From Third Quarter 2023, Driven by Higher Noninterest and Provision
  • Expense and Lower Noninterest Income
  • The Net Interest Margin Fell Three Basis Points From the Prior Quarter
  • Provision Expense Increased From the Prior Quarter
  • Unrealized Losses on Securities Declined to the Lowest Level Since Second Quarter 2022
  • Loan Balances Increased Modestly From Last Quarter and One Year Ago
  • Domestic Deposits Increased for the First Time in Seven Quarters
  • The Noncurrent Loan Rate Increased Modestly but Remained Below Pre-Pandemic Levels
  • The Net Charge-Off Rate Increased and Was Above Pre-Pandemic Levels

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