Net Interest Income Drives Bank Earnings
Net interest income has helped drive earnings at Connecticut banks through the first three quarters of 2022, according to FDIC data.
Fewer CT Banks Report Postitive Earnings
About one-quarter of Connecticut-based banks reported earnings gains in the second quarter after almost all of the state’s banks had seen positive earnings at the same time last year, according to FDIC data.
CT Banks Saw Earnings Decline in First Quarter
About one-third of Connecticut-based banks reported earnings gains in the first quarter after last year saw bank earnings reach record levels, according to FDIC data.
Connecticut Banks Saw Record Income Last Year
Amid the ongoing economic effects of the pandemic, Connecticut bank earnings in 2021 reached record levels, according to FDIC data.
Connecticut Bank Earnings Continue to Climb
While the economic effects of the Omicron variant remain to be seen, improving economic conditions during the first nine months of 2021 helped drive Connecticut bank earnings close to pre-pandemic levels.
CT Bank Earnings Increased in First Half of 2021
While the economic effects of the Delta variant remain to be seen, improving economic conditions during the first half of 2021 helped drive Connecticut bank earnings.
CT Bank Income Doubled in First Quarter
While decreases in loan loss provisions helped Connecticut banks bring in more net income in the first quarter, the net interest margin at these institutions continued to decline.
