That was the net income for U.S. banks in 2012, the second-best year on record, according to the Federal Deposit Insurance Corporation.
Banks reported fourth-quarter net income of $34.7 billion, according to the FDIC’s Quarterly Banking Profile, Bloomberg’s Jesse Hamilton reports.
The industry’s earnings rose 19.3 percent over 2011. Banks in 2006 reported a high of $145.2 billion in net income.
