WASHINGTON – The FDIC recently reported that commercial banks and savings institutions finished the first quarter with a record quarterly net income of $37.3 billion. Last quarter beat out the previous record of $34.6 billion set in the third quarter of 2005 and exceeded first quarter 2005 by 9.5%. According to the FDIC, “Loan growth remained robust, with particular strength in commercial lending.” The industry was buoyed by improved performance by larger institutions. Real estate construction and commercial loans demonstrated “growing momentum.” Just like credit unions, banks’ net interest margins are getting pinched.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2022 ALM Global, LLC. All Rights Reserved.