Wednesday, November 22, 2017

Profit rises 14 percent for Maryland banks in 3Q

Maryland banks saw a 14 percent increase in profit in the third quarter boosted by increases in assets, deposits and lending. The 52 federally insured financial institutions in Maryland reported a combined profit of $297 million in the third quarter, up from $260 million a year ago, according to data released Tuesday by the Federal Deposit Insurance Corp. The growth was slower than last year, when banks saw profits rise 17.6 percent. Deposits rose 5 percent to $32.3 billion from $30.8 billion a…



from https://www.bizjournals.com/baltimore/news/2017/11/22/profit-rises-14-percent-for-maryland-banks-in-3q.html?ana=RSS%26s=article_search
via http://baltimorecheckbook.tumblr.com/post/167766409732

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