The bottom-line number for bank annuity income increased 4.5% to $781.7 million in the first quarter, according to the latest Michael White-ABIA Bank Annuity Fee Income Report, which came out today.
But that increase was due to a bigger sample group. That is, there are more institutions that report their numbers this year, Michael White said in a phone interview. Savings associations and thrifts were not included in last year's numbers.
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