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FDIC: Community banks earn $20.4 billion in 2015
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Banking
Friday, February 26, 2016
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The Federal Deposit Insurance Corp. released its latest Quarterly Banking Profile, covering the fourth quarter and full year of 2015. Commercial banks and savings institutions reported aggregate net income of $40.8 billion in the fourth quarter of 2015 and $163.7 billion for the year, as well as the largest 12-month growth rate for total loan and lease balances since mid-2007 to mid-2008. Read on to learn more about how banks performed last year.
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