Comparative Safety and Soundness The Industrial Bank Industry Quarter Ended March 31, 2024
The banking industry, in general, enjoyed strong profitability and solid financial condition in the first quarters of 2024 and 2023. The banking industry in general was sound and safe as of March 31, 2024, although the effects of higher interest rates have reduced earnings levels for many banks in 2024. The industrial bank sector continued to achieve superior earnings and strong capital and asset quality ratios.