Maryland Banks Nearly Double Profit In 3Q

Maryland banks earned a combined profit of $132 million in the third quarter, a nearly 88 percent increase over the same period last year.

The bump reflects a trend among U.S. banks, which posted a profit of $37.6 billion in the quarter, up nearly 7 percent, the Federal Deposit Insurance Corp. reported Tuesday.

In Maryland, the total value of loans and leases during the third quarter rose nearly 2 percent to $22.8 billion, up from $22.4 billion in the year-ago period.
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