FDIC Related Content

First-Citizens Bank Assumes Deposits of Guaranty Bank in Milwaukee

The FDIC entered into a purchase and assumption agreement with First-Citizens Bank & Trust Company to assume all of the deposits of Guaranty Bank. read more

FDIC: Bank FY Earnings Rise Despite 29% Increase in Loan Losses

The FDIC reported full-year 2016 earnings rose to $171.3 billion, up 4.9% compared to 2015. The regulator noted that loan loss provisions totaled $47.8 billion in 2016, an increase of 28.8% from 2015. read more

Regulators Reject Wells Fargo ‘Living Will’ Plan, Impose Restrictions

The FDIC and Federal Reserve rejected Wells Fargo’s latest “living will” plan and, as a result, has placed restrictions on bank’s ability to grow its international and non-bank activities. read more

FDIC: Q3 Bank Aggregate Net Income Up 12.9% Year/Year

The FDIC reported that banking industry aggregate net income of $45.6 billion in Q3/16 was up $5.2 billion or 12.9% from $40.4 billion a year earlier. read more

FDIC: Q2/16 Loan Growth Higher, Noncurrent C&I Loans Increase

The FDIC reported expanding loan portfolios generated higher levels of net income in Q2/16. The regulator also noted noncurrent C&I loans increased with charge-offs up 13% year/year. read more

FDIC: ‘Banks Operating in Challenging Environment’

The FDIC reported, “The banking industry continued to improve in Q4/15. However, banks must remain vigilant as they manage interest-rate risk, credit risk and evolving market conditions.” read more

FDIC: Bank Q3 Earnings up 5.1%; Chairman Warns of Credit Risk

The FDIC reported Q3/15 bank net income of $40.4 billion was up 5.1% or $1.9 billion from a year earlier. Chairman Martin J. Gruenberg noted “signs of growing interest-rate risk and credit risk that warrant attention.” read more

FDIC: Insured Banks Set Q2 Net Income Record

The FDIC said insured institutions reported aggregate net income of $43 billion in Q2/15, up $2.9 billion or 7.4% from a year earlier and the highest quarterly income on record. read more

FDIC: U.S. Banks $10B+ Q1 Yield 3.12%; NIM 2.83%

The FDIC reported the Q1/15 yield on earning assets and net interest margin for U.S banks with assets greater than $10 billion (94) was 3.12% and 2.83%, respectively, down from 3.32% and 3.00% in Q1/14. read more

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