Industry Earnings Continue Growth

IBAT's goal is to provide a diversity of opinions and viewpoints
about national banking news.  Some news articles do not necessarily
reflect the opinion of the Independent Bankers Association of Texas.

Bankers Digest Featured Articles December 5, 2011 Issue
Federal Deposit Insurance Corporation, Washington, D. C.

Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported an aggregate profit of $35.3 billion in the third quarter of 2011, an $11.5 billion improvement from the $23.8 billion earned in the third quarter of 2010 and up from $28.8 billion the industry earned in the second quarter of 2011. This is the ninth consecutive quarter that earnings registered a year-over-year increase... read more.