FDIC-insured institutions earned aggregate net income of $90.1 billion in the second quarter of 2026, up $9.7 billion from the first quarter, according to the FDIC's Quarterly Banking Profile. The return on assets was 1.37 percent.
Loan growth accelerated to 1.8 percent from the prior quarter and rose 6.8 percent from the second quarter of 2025. Community bank profits climbed 8.2 percent from the first quarter. The banking industry's net interest margin increased 1 basis point to 3.32 percent.
Domestic deposits grew 0.8 percent, the eighth consecutive quarterly gain. Asset quality metrics improved, with past-due and nonaccrual rates, and net charge-off rates, all declining from the prior quarter. The Deposit Insurance Fund reserve ratio rose 5 basis points to 1.48 percent.