The third-quarter financial performance of Wisconsin’s state-chartered banks was a good one, according to data from the state Department of Financial Institutions.
Wisconsin is home to 116 state-chartered banks, and the total assets of those banks sit at $72.8 billion as of Sept. 30. This is up from $69.6 billion reported during the same quarter last year.
The net interest margin also improved from 3.18% to 3.54% during the same period. And net loans increased by 5.02% to $52.9 billion, an improvement of $2.5 billion. And one more standout figure: net operating income increased from $497.9 million to $625.1 million.
“Through the third quarter, Wisconsin’s state-chartered banking institutions continue to demonstrate stability,” DFI Division of Banking Administrator Kim Swissdorf said in a statement. “While weaknesses in certain loan portfolios and asset quality metrics require ongoing monitoring, further improvement to the earnings and capital positions provide ample support through economic changes.
“Overall, our state-chartered banks remain reliable in providing financial stability to Wisconsin communities.”
