National banking metrics; lowest percentage of unprofitable banks since Q3/97

Buoyant Banks

Net income at all 5,980 FDIC insured banks rose $5.2 billion Y-o-Y to $45.6 billion in 16Q3. Looking at the subset of 5,521 community banks, quarterly net income rose $593 million Y-o-Y to $5.6 billion. Better yet, fewer than 5% of banks said they were unprofitable, the lowest percentage since 97Q3 and the number of banks appearing on the FDIC “problem list” shrank to 132, the lowest level since 08Q3.

Elliot F. Eisenberg, Ph.D.
GraphsandLaughs, LLC
Cell: 202.306.2731

About TARR Report

S.M.A. Publications was formed in 1997 with a mission of providing real estate information for practitioners within the Research Triangle Park area of North Carolina. The company produces the T.A.R.R. Reports which are published monthly, quarterly and annually, covering all aspects of the residential real estate market. The publisher, Stacey P. Anfindsen, has over 23 years of residential experience in the Triangle market. He is an active real estate appraiser, educator and consultant.
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