A Troubling Trend The skies have cleared for the banking industry…or have they? The industry reported a 1.38% return on assets in the first quarter of this year, according to the Federal Deposit Insurance Corp., comfortably exceeding the of 1.2% benchmark that most banks strive to achieve and marking the best showing since the second quarter of 2019. But top-line numbers like this disguise a worrisome trend: record low net interest margins. The net interest margin in the first quarter of this year dropped to 2.56%, down 57 basis points compared to the same quarter the prior year. That’s the...
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John J. Maxfield is a contributor for Bank Director magazine.