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Florida banks increased lending, saw profits slow in Q4

Ashley Portero

Florida-based banks continued to increase lending, but experienced a small drop in profits during the fourth quarter of 2018, according to the Federal Deposit Insurance Corp (FDIC). The 117 Florida banks increased their loans by $3.7 billion in the quarter, up from $2.5 billion during the third quarter. Nationwide, banks grew their loans by $213 billion, a 2.1 percent increase from the quarter before.