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Community banks’ net income, loan balances increase in 2014

Abrigo

The latest FDIC Quarterly Banking Profile was just released and the industry continues to be led by the nation’s community banks. Net income was up almost 28% over the fourth quarter of 2013 led by higher net operating revenue and lower loan loss provisions. This marked the largest gap since the fourth quarter of 2006.

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Community banks’ net income, loan balances increase in 2014

Abrigo

The latest FDIC Quarterly Banking Profile was just released and the industry continues to be led by the nation’s community banks. Net income was up almost 28% over the fourth quarter of 2013 led by higher net operating revenue and lower loan loss provisions. This marked the largest gap since the fourth quarter of 2006.

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Bankers and Strategic Bets. A Slow Embrace.

Jeff For Banks

When I wrote that post in January 2011 there were 7,700 FDIC insured financial institutions. They can be a strategic shift of your franchise, a new product line, or a new operating environment. Didn't even exist in 2006. Today there are less than 5,700. A 26% decline. Was I a futurist? The iPhone represents 62% of Apple sales.

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