Fwd: FDIC Quarterly Banking Profile - First Quarter 2014

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From: FDIC Subscriptions <subscriptions@fdic.gov>
Date: Wed, May 28, 2014 at 9:33 AM
Subject: FDIC Quarterly Banking Profile - First Quarter 2014
To: iammejtm@gmail.com

The first quarter 2014 FDIC Quarterly Banking Profile (QBP) is now available on line. FDIC-insured institutions reported aggregate net income of $37.2 billion in the first quarter of 2014, down $3.1 billion (7.6 percent) from earnings of $40.3 billion the industry reported a year earlier. The decline in earnings was mainly attributable to a $7.1 billion (10.7 percent) decline in noninterest income. Lower income from reduced mortgage activity and a drop in trading revenue contributed to a year-over-year decline in noninterest income. Additionally, noninterest income was higher one year ago due to a one-time gain at one institution. Despite the decline in earnings, more than half of the 6,730 insured institutions reporting (54 percent) had year-over-year growth in quarterly earnings. The proportion of banks that were unprofitable during the first quarter fell to 7.3 percent from 8.5 percent a year earlier.   The FDIC has added a new section to the Quarterly Banking Profile that reports on the performance of community banks—those institutions that provide traditional, relationship-based banking services in their local communities. Based on criteria developed for the FDIC Community Banking Study published in December 2012, there were 6,234 community banks (93 percent of all FDIC-insured institutions) in the first quarter of 2014 with assets of $2 trillion (14 percent of industry assets). Although net income at community banks of $4.4 billion was down $67 million (1.5 percent) from a year earlier, the percentage decline was far less than the 7.6 percent decline in earnings reported by the industry. The report also finds that loan balances at community banks grew at a faster pace than the industry, asset quality indicators continued to show improvement, and community banks accounted for 45 percent of small loans to businesses. The QBP provides the earliest comprehensive summary of financial results for all FDIC-insured institutions. This report card on industry status and performance includes written analyses, graphs and statistical tables. In addition to the QBP, you may be interested in these other related products that have been updated to reflect this quarter's data: Call and Thrift Financial Reports Complete bank Call Reports and savings institution Thrift Financial Reports, including detailed balance sheets and income statements. Institution Directory Comprehensive financial and demographic data for individual FDIC-insured institutions. Statistics on Depository Institutions Financial analysis tool that provides custom peer group analysis and data download capability. Questions for FDIC? Contact Us   STAY CONNECTED: SUBSCRIBER SERVICES: Manage Preferences  |  Unsubscribe  |  Help This email was sent to iammejtm@gmail.com using GovDelivery, on behalf of: FDIC Subscriptions · 3501 Fairfax Drive · Arlington, VA 22226 · 877-275-3342

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Jeremy Tobias Matthews