Nebraska’s banks earned considerably less in the first quarter than they did a year ago.
According to data released Tuesday by the Federal Deposit Insurance Corp., the state’s banks collectively earned $291 million in the first three months of the year.
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That was down more than 15% from the first quarter of 2021, when the banks collectively earned $352.
Earnings in Nebraska were better than the nation as a whole. The FDIC reported that U.S. bank profit in the first quarter was $59.7 billion, a decline of more than 22% from a year ago.
Nebraska economy is expected to keep growing