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