Texas banks’ net income fare better than national results, FDIC report shows

The Federal Deposit Insurance Corp. reported a 70% decrease in net income in the second quarter 2020 compared to a year ago. Meanwhile, Texas banks saw less than a 1% decrease in net income in the same time period. 

Texas banks saw quarterly net income fall to $3.68 billion in the second quarter of 2020 from $3.71 billion in the same period of 2019. However, for the 5,066 commercial banks and savings institutions insured by the FDIC, net income totaled $18.8 billion in second quarter 2020, down…