Banks’ quarterly income falls 43%
June 12, 2009
By MoneyAisle
A report in the Wichita Eagle reports that according to the FDIC’s Quarterly Bank Profile, the net income of banks in Kansas fell by 43% in the first quarter.
“The report, which examines bank and thrift financial reports at the state and national level, showed that net income for Kansas banks and thrifts was $106 million in the quarter ended March 31 compared with $186 million in the same quarter a year ago.”
Despite the weak performance of the banks in the state, “Kansas banks fared better in the quarter that did their peers across the country.”