National News

Industry earnings improving

Banks made $26.3 billion in the fourth quarter, according to the FDIC. This is the 10th consecutive quarter that earnings have registered a year-over-year increase. Sixty-three percent of banks reported improvements in earnings in the fourth quarter compared to a year earlier. The average return on assets rose to 0.76 percent, from 0.64 percent a year ago. The number of banks on the FDIC’s problem bank list decreased to 813, representing assets of $319 billion. The Deposit Insurance Fund had a balance of $9 . . .

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