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Georgia banks see strong 3rd quarter

Georgia’s 178 FDIC-insured financial institutions had a good third quarter.

According to the Georgia Bankers Association, the banks earned $889.3 million during the third quarter of this year, up 15.2 percent over the same period in 2016. For the first nine months of the year, cumulative earnings were $2.5 billion, increasing by 10.3 percent over the same 9-month period in 2016.

Loans and leases were up by 2.9 percent from the same period a year ago, and total deposits were 3.7 percent higher.


Atlanta Business Journal
Georgia banks see strong 3rd quarter