US banks made a lot of money last year! The FDIC, which keeps an eye on banks, reported that their profits went up. This is good news for the economy, but there are some changes happening too.
- Banks earned $268.2 billion in 2024.
- The number of banks having trouble went down a little.
- The FDIC changed how it shares information about struggling banks to prevent bank runs.
| Fact | Number |
|---|---|
| Total bank profit in 2024 | $268.2 billion |
| Problem banks in Q4 2024 | 66 |
| Uninsured deposits | $218.5 billion |
This means that while banks are doing well overall, the FDIC is taking steps to improve monitoring and prevent any future problems.
