Credit-Loss Provisions Hurt Mass. Banks’ Profitability
Provisions for credit losses more than doubled and net charge-offs – bad debt that will never be recovered – jumped to $67 million from $19 million.
Massachusetts Banks Saw Record Income Last Year
Amid the ongoing economic effects of the pandemic, Massachusetts bank earnings in 2021 reached record levels, according to FDIC data.
Massachusetts Bank Earnings Continue to Climb
While the economic effects of the Omicron variant remain to be seen, improving economic conditions during the first nine months of 2021 helped drive Massachusetts bank earnings above pre-pandemic levels.
Massachusetts Bank Earnings Increased in First Half of 2021
While the economic effects of the Delta variant remain to be seen, improving economic conditions during the first half of 2020 helped drive Massachusetts bank earnings above pre-pandemic levels.
Assets Increase, Income Declines at Massachusetts Banks in 2019
Massachusetts’ FDIC-insured banks saw total assets increase in 2019 while net income trailed 2018.
Hope In The Dark: Massachusetts Banks Get Top Marks For LGBTQ Inclusion
If you’re anything like me and spend the majority of...
