Record profit levels and zero bank failures defined 2018 for institutions insured by the Federal Deposit Insurance Corp. (FDIC) and the trend continued through the first quarter of 2019.
Banks and savings institutions saw $60.7 billion in first-quarter profits, an increase of $4.9 billion from the industry’s earnings a year before, and the second-highest profits dating to 1985, according to FDIC’s Quarterly Banking Profile.
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