Profits at Georgia-based banks soared in the first quarter of 2018, according to new data released Tuesday by the Federal Deposit Insurance Corp.
An analysis of the new data by the Georgia Bankers Association found that Georgia’s 176 state-based FDIC insured banks earned $1.04 billion in the first quarter of 2018, an increase of 35.9 percent over the same quarter last year. Total deposits, loans and assets all increased compared to the same quarter in 2017.
