Banking profits increase in third quarter

Net income at Oklahoma banks increased by more than 50% overall from the second quarter to the third quarter of 2021.

The FDIC’s latest Quarterly Banking Profile, which was released in late November, showed good news for Oklahoma banks. After reporting $999 million in profits through the end of the second quarter, Oklahoma commercial banks showed more than $1.5 billion in profits by the end of the third
quarter. It was also almost a 50% increase over the profits shown through the end of three quarters
last year, which stood at $1.05 billion.

To read more about Oklahoma’s numbers in the State Banking Performance Summary from the Quarterly Banking Profile, click here.