FDIC Banks Earn Big, But Still Lend Little
Facebook
Facebook
Twitter
Twitter
LinkedIn
LinkedIn
Email
Email
0 Comments
Comments
Financial results for the third quarter and the first nine months of 2009 are contained in the FDIC's latest Quarterly Banking Profile, which was released today. Among the other findings, net interest margins improved to a four-year high. The average margin (the difference between the average yield on interest-earning assets and the average interest expense of funding those assets) rose to 3.51 percent from 3.48 percent in the second quarter and 3.37 percent in the third quarter of 2008. Almost two-thirds of all institutions (62 percent) reported higher margins than in the second quarter. Net interest income totaled $99.9 billion in the quarter, up from $95.3 billion a year earlier.
0 Comments
View Comments
Related Content
Comments