The Federal Deposit Insurance Corporation has released the second quarter 2010 FDIC Quarterly Banking Profile (QBP). FDIC-insured institutions reported an aggregate profit of $21.6 billion in the second quarter of 2010, a $26 billion improvement from the $4.4 billion net loss the industry posted in the second quarter of 2009. This is the highest quarterly earnings total since the third quarter of 2007. Despite the improvement, earnings remain below historical norms. On the positive side, one in five institutions reported a net loss for the quarter, compared to 29 percent a year earlier. And, the average return on assets (ROA), a basic yardstick of profitability, rose to 0.65 percent, from negative 0.13 percent a year ago.
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, the FDIC offers 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.
Gregg D. Killoren
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