The volume of the total net profit of U.S. banks in the IV quarter of 2014 decreased 7.3 percent. These data were published by the FDIC (Federal Deposit Insurance Corporation).
Thus, the U.S. banking institutions and savings offices make up the great part of the insurance system. For a specified period of time their net profit has reached $36.9 billion. This figure is $2.9 billion lower than a year ago.
More than 61% of financial institutions increased their profit in the fourth quarter of last year, while the share of loss-making companies of the banking sector decreased to 9.4 percent, compared to 12.7 percent a year earlier.
However, the amount of net interest income of U.S. banks in the IV quarter 2014 increased 1 percent, equivalent to $1.1 billion. Non-interest income decreased 0.3 percent or $160 million.
Over the entire period of 2014, total net profit of U.S. banks fell 1.1 percent, equivalent to $1.7 billion, amounting to $152.7 billion. The index showed a decline for the first time in the last 5 years.
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