The second quarter FDIC Banking Profile is now available online and shows that FDIC-insured institutions reported an aggregate net loss of $3.7 billion in the second quarter, a decline of $8.5 billion from the $4.8 billion in profits the industry reported in the second quarter of 2008.
Insured institutions earned $424 million in net operating income during this latest quarter, even after a special assessment of $5.5 billion to bolster the FDIC’s insurance fund. However, one-time losses and other items totaling $4.1 billion pulled the industry results into negative territory.
The profile provides the earliest comprehensive summary of financial results for all FDIC-insured institutions. This report card on industry status and performance includes written analyses, graphs and statistical tables.