The second quarter of 2017 saw $48.3 billion in aggregate net income for financial institutions insured by the Federal Deposit Insurance Corp., which is up $4.7 billion from a year prior, and the banking industry’s average return on assets is at a 10-year high.
Community banks also continued to see net income gains compared to the previous year, as well as growth in other financial areas.
Stay up to date about progress banks have made in the last year and what one industry expert has to say about the newly released data.