FDIC Quarterly Banking Profile (4th Quarter 2023)

Federal Deposit Insurance Corporation (FDIC) · March 8, 2024

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Opening: release of full-year and Q4 2023 results

Presentation

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The FDIC chair opened the press briefing to release full-year and fourth-quarter 2023 performance results for FDIC‑insured institutions, reporting full‑year net income of $257 billion, industry net operating revenue topping $1 trillion for the first time, and a full‑year net interest margin of 3.3%, the highest since 2019.

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FDIC chair presented full-year and fourth-quarter 2023 results for FDIC-insured institutions, highlighted strong industry earnings and liquidity but noted higher expenses, a revised special assessment estimate, and ongoing supervisory focus on commercial real estate and liquidity risks.

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Transcript

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