FDIC Releases 1Q09 Quarterly Banking Profile

The FDIC has released its 1Q09 Quarterly Banking Profile, stuffed with the usual facts ‘n’ figures. Headlines are:

  • Highest Earnings in Four Quarters are 61 Percent Lower than a Year Ago
  • Loss Provisions Continue to Weigh Heavily on Earnings
  • Lower Funding Costs Lift Large Bank Margins
  • Charge-Offs Continue to Rise in All Major Loan Categories
  • Noncurrent Loans Rise by $59.2 Billion
  • Reserve Building Continues
  • Industry Capital Registers Largest Quarterly Increase Since 2004
  • Downsizing at a Few Large Banks Causes $302-Billion Decline in Industry Assets
  • Deposit Share of Funding Rises Even as Total Deposits Decline
  • Twenty-One Failures is Highest Quarterly Total Since 1992

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