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2026-05-28 00:53:57
[FDIC: Key Metrics for US Banks Improve in Q1, But Book Losses Rise Slightly] The Federal Deposit Insurance Corporation (FDIC) reported that despite the Middle East wars and rising interest rates, key metrics for the US banking sector improved in the first quarter, although book losses increased slightly. According to the FDIC's quarterly assessment of 4,278 insured banks nationwide, the banking sector's net income rose 3.6% quarter-over-quarter to $80.5 billion in the first quarter. Total loan and lease balances increased 1.6% from the previous quarter and 7.1% year-over-year, marking the fastest annual growth since the second quarter of 2023. The FDIC stated that the quarterly profit growth was primarily driven by increased non-interest income from large banks.
