Profits, Loans Continue To Grow For National, Arkansas Banks

The third quarter was another positive period for the national and state banking industry, according to a recent report from the Federal Deposit Insurance Corp. Revenue and net income were higher, loan balances increased, net interest margins improved, and the number of unprofitable banks and “problem banks” continued to fall.

Community banks also reported another solid quarter of revenue, net income, and loan growth, according to the U.S. report.

“While overall performance improved, the interest-rate environment and competitive lending conditions continue to pose challenges,” noted FDIC Chairman Martin Gruenberg.  MORE

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