Federal Deposit Insurance Corp. data shows that Wisconsin bank profits slipped 7% year over year, from $1.2 billion in 2015 (243 banks) to $1.1 billion (222 banks) in 2016. There were 21 mergers in 2016 compared to 15 in 2015.
Even as state bank profits declined, total loans and leases grew to $77.5 billion, an increase of 3.5% over 2015’s $74.8 billion.
Nationwide, the banking industry experienced a nearly 5% increase in net income.
