Maryland banks saw profits rise 18 percent in the fourth quarter of 2016, in addition to growth in lending and deposits as economic conditions continue to improve. The state’s 54 federally insured banks reported a $348 million profit in the quarter, compared to $295 million the year before, according to data released Tuesday by the Federal Deposit Insurance Corp. Deposits rose 7 percent to $31.1 billion from $29 billion a year ago. Total assets grew more than 7 percent to $38.5 billion. Total loans…
from http://www.bizjournals.com/baltimore/news/2017/02/28/maryland-bank-profits-increase-18-percent-in.html?ana=RSS%26s=article_search
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