FDIC-Insured Institutions 2020 1st Quarter Banking Profile

Yesterday, FDIC  released their 1st quarter report & finds that there was stable asset quality. Although the banking industry reported quarterly net income of 18.5 billion dollars during the first quarter, a 69.6 percent decline from a year ago. However, net income is significantly higher than 2008 & 2009. “Since 1933, no depositor has lost a penny of FDIC-insured funds.”

The decline in earnings reflects the industry’s expectation of deterioration in the overall economy.

https://www.fdic.gov/news/news/speeches/spjun1620.html

Learn more about Delta Business Advisors at: https://DeltaBusinessAdvisors.com or contact us @ 480-686-8062 / Lisa@DeltaBusinessAdvisors.com / Schedule a meeting with Lisa: https://calendly.com/lisariley

#DeltaBusinessAdvisors #MergersandAcquisitions #BusinessBrokers #MandAMarket #DailyBusinessAcument

Leave a Reply

Your email address will not be published. Required fields are marked *