Madison
52° F
Overcast
Overcast
Advertisement

Bank earnings rebound in 2012

Published On: Feb 26 2013 09:39:16 PM CST
MILWAUKEE -

A new report said Wisconsin banks are rebounding from the economic downturn.

A report by the Federal Deposit Insurance Corp. Tuesday said earnings at Wisconsin banks jumped 72 percent in 2012.

The FDIC said Wisconsin's 266 banks had total profits of $839 million last year. That's up from $488 million in 2011.

Last year only 9 percent of Wisconsin banks were unprofitable. That compares with almost 14 percent in 2011 and 22 percent in 2010.

The improvements at Wisconsin banks follow a national trend. The FDIC said that in 2012, industry earnings totaled $141.3 billion -- a 19 percent increase over 2011.

The Milwaukee Journal Sentinel reported that Wisconsin had no bank failures in 2012.

Advertisement
  • Craig Spencer

    America's Ebola patients

    An American doctor who was working with Ebola patients in Guinea was been diagnosed with the disease after returning to New York. Learn more about him and America's other Ebola victims.

  • Hot peppers

    Karimala/iStock

    Notable food recalls

    A North Carolina producer of peppers and hot sauces is voluntarily recalling 6,215 pounds of fresh serrano chili peppers because some tested positive for salmonella. Here are other notable food recalls that made headlines.

  • Twitter

    Mario Anzuoni/Reuters

    Famous first tweets

    The Queen is on Twitter! Check out what she had to say and other famous first tweets.

  • jack-o-lantern Halloween pumpkin

    Juliet James/SXC

    Halloween

    Games, recipes, trick-or-treating, scary movies and everything else you need to make your Halloween extra spooky.

  • Politician, politics, debate, election

    iStock / bns124

    Election Coverage

    Get up-to-date on political stories, Reality Check the latest political ads, learn about the candidates and find election results in our special section.

  • Ebola virus pink

    CDC

    Ebola special coverage

    Get the latest news on the Ebola outbreak and resources to help you learn more about the deadly virus.

Advertisement