Oklahoma bank profits surge in 2012
BY BRIANNA BAILEY NewsOK.com
Friday, March 01, 2013
3/01/13 at 7:09 AM
Oklahoma banks posted robust earnings in 2012, increasing their profitability by about 18 percent over the previous year, the Federal Deposit Insurance Corp. says.
FDIC-insured institutions in the state had a net income of $1.2 billion in 2012, compared to about $1 billion in 2011.
"It really affirms what we have consistently said - that Oklahoma banks are doing pretty well in comparison to banks in other states," said Roger Beverage president and CEO of the Oklahoma Bankers Association.
Oklahoma banks also increased their lending to $54.8 billion in total loans and leases for 2012 from $52.1 billion in 2011, according to the FDIC.
Original Print Headline: Bank profits surge in 2012
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Roger Beverage: The OBA's CEO says Oklahoma banks compare well to those in other states.