Environment, Education, Energy: Policy to People

“Oklahoma Banks’ Profits Grow Despite Tighter Interest Margins”

About 70 percent of Oklahoma banks had earnings gains last quarter and more than 96 percent were profitable, reports The Oklahoman’s Don Mecoy.

Oklahoma banks have been able to reduce the amount of capital set aside to deal with troubled assets and potentially bad loans. However, net interest margin — the difference between the rates banks pay on deposits and earn on loans — slipped to 3.7 percent, down slightly from the same period last year and two years ago.

Read more at: newsok.com

StateImpact Oklahoma is a partnership among Oklahoma’s public radio stations and relies on contributions from readers and listeners to fulfill its mission of public service to Oklahoma and beyond. Donate online.

About StateImpact

StateImpact seeks to inform and engage local communities with broadcast and online news focused on how state government decisions affect your lives.
Learn More »