Tuesday, November 29, 2016

Maryland banks post 18% profit increase in third quarter

Maryland banks continue to grow their bottom line. The state’s 55 federally insured banks posted a profit of $260 million in the third quarter, according to data released Tuesday by the Federal Deposit Insurance Corp. That’s up 17.6 percent from a profit of $221 million in 2015. The state had 64 federally insured banks at the time, a number that has shrunk due to continued industry consolidation. Total deposits grew 7 percent to $30.8 billion, up from $28.6 billion a year ago. Assets also rose…



from http://www.bizjournals.com/baltimore/news/2016/11/29/maryland-banks-post-18-profit-increase-in-third.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/153832802637

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