FDIC 1st Quarter 2024 Banking Profile

Posted on June 1, 2024 Published by
  • Net Income Increased From the Previous Quarter, Driven by Lower Noninterest Expense, Lower Provision Expense, and Higher Non-interest Income
  • The Net Interest Margin Fell for the Second Consecutive Quarter
  • Asset Quality Metrics Remained Generally Favorable With the Exception of Material Deterioration in Credit Card and CRE Portfolios
  • Loan Balances Declined Modestly From the Previous Quarter, but Increased From a Year Ago
  • Domestic Deposits Increased for the Second Straight Quarter
  • The Deposit Insurance Fund Reserve Ratio Increased 2 Basis Points to 1.17 Percent

Click to download the full quarterly report.

Tags: ,

Comments are closed here.