U.S. banks report profit uptick in first quarter: FDIC

By Pete Schroeder

Wed, May 27, 2026 astatine 9:23 AM CDT 1 min read

By Pete Schroeder

WASHINGTON, May 27 (Reuters) - U.S. banks reported a 3.6% ‌increase successful their profits successful ‌the archetypal 4th of 2026, rising to $80.5 cardinal ​as home deposits grew again and banks acceptable speech somewhat much against imaginable losses, the Federal Deposit Insurance ‌Corporation reported Wednesday.

The ⁠FDIC reported that slope deposits had risen for the seventh ⁠consecutive quarter, and portion slope proviso expenses were up 2.3% successful ​the archetypal ​quarter, they were ​lower than a ‌year prior.

The FDIC said plus prime metrics remained favorable, with the level of past owed loans falling slightly. However, it noted that past owed ‌levels for residential loans ​and commercialized existent property ​rose slightly, ​and levels remained elevated ‌for loans for recognition ​cards, autos, ​and multifamily commercialized existent estate.

FDIC Chairman Travis Hill said successful a ​statement that ‌bank superior and liquidity levels ​remained strong.

(Reporting by Pete Schroeder; Editing ​by Chizu Nomiyama)