Banking Industry Earnings Continue to Exhibit Strength

Dollars in Billions

Year

Quarter

Net Operating Income

Securities and Other Gains/Losses, Net

1998

1

14.85

1.06

1998

2

15.72

0.37

1998

3

14.67

0.39

1998

4

14.04

0.72

1999

1

17.61

0.35

1999

2

16.86

0.05

1999

3

19.53

-0.15

1999

4

17.70

0.02

2000

1

19.96

-0.46

2000

2

15.50

-0.86

2000

3

20.02

-0.72

2000

4

17.16

0.46

2001

1

19.31

0.50

2001

2

18.55

0.55

2001

3

16.67

0.70

2001

4

17.60

0.87

2002

1

21.38

0.35

2002

2

22.61

0.83

Source: FDIC, Preliminary Bank Earnings Report, Second Quarter 2002