WASHINGTON Banks and thrifts earned $34.7 billion in the fourth quarter to close out 2012 with the second biggest full-year profit ever, the Federal Deposit Insurance Corp. said Tuesday.
The annual net income of $141.3 billion last year was a 19% increase from the previous year's earnings, and trailed only the 2006 total, according to the FDIC's Quarterly Banking Profile. (Six years earlier, the industry earned just over $145 billion.)
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