Bank earnings nationwide rose to $42.2 billion in the second quarter, up 22.6 percent from a year ago, according to the Federal Deposit Insurance Corp.
Bank earnings registered a year-over-year increase for the 16th consecutive quarter. The increase was driven by increasing fee income and falling loan loss expenses.
Noninterest income hit $66.87 billion, up 11.1 percent from last year. Loan charge-offs dropped to $14.2 billion, down 30.7 percent in the past year. Loan balances hit $73.8 billion,…
Bank earnings nationwide rose to $42.2 billion in the second quarter, up 22.6 percent from a year ago, according to the Federal Deposit Insurance Corp.
Bank earnings registered a year-over-year increase for the 16th consecutive quarter. The increase was driven by increasing fee income and falling loan loss expenses.
Noninterest income hit $66.87 billion, up 11.1 percent from last year. Loan charge-offs dropped to $14.2 billion, down 30.7 percent in the past year. Loan balances hit $73.8 billion,…