Maryland banks saw their profit decline in the fourth quarter and the full year amid declining interest rates. The state’s 41 federally insured financial institutions reported a combined profit of $503 million in 2019, down 5% from the prior year. Total profit declined 29% in the fourth quarter to $99 million, compared to $140 million during the prior-year period. The decline comes after profit growth had been narrowing in recent quarters. Bank profits fell due to a decrease in net-interest margins,…
from https://www.bizjournals.com/baltimore/news/2020/02/25/maryland-bank-profits-decline-in-4q-after-feds.html?ana=RSS&s=article_search
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