U.S. banks report revenue uptick in first quarter: FDIC
By Pete Schroeder
WASHINGTON, Could 27 (Reuters) – U.S. banks reported a 3.6% enhance of their income in the primary quarter of 2026, rising to $80.5 billion as home deposits grew once more and banks put aside barely extra in opposition to potential losses, the Federal Deposit Insurance coverage Company reported Wednesday.
The FDIC reported that financial institution deposits had risen for the seventh consecutive quarter, and whereas financial institution provision bills had been up 2.3% in the primary quarter, they had been decrease than a yr prior.
The FDIC mentioned asset high quality metrics remained favorable, with the extent of late loans falling barely. Nonetheless, it famous that late ranges for residential loans and business actual property rose barely, and ranges remained elevated for loans for credit score playing cards, autos, and multifamily business actual property.
FDIC Chairman Travis Hill mentioned in a assertion that financial institution capital and liquidity ranges remained sturdy.
(Reporting by Pete Schroeder; Enhancing by Chizu Nomiyama)
