What is banks income? with taxes?

Question

i want to open a bank i know they make alot but exactly how much? not including ur expenses just the banks income day,week month or year

Answer 1

Starting a bank is easy.  Just come up with, oh... $1 million or so to cover start-up costs, identify some experienced bankers who can pass an FBI background check,  lure them away from current, secure jobs for a risky new venture, wade through a all the government red tape, find a location to lease...    

Then you’ll need to round up another $10 million to $20 million in start-up capital, and be prepared to invest several years in the effort, and don't forget to get your bank insured.

It can be done and it's a great investment over the longterm, but it's a LOT of work, and it's not something you make money on immediately.

How much money you make depends directly on how much money you lend out.

Banks make their money from interest charged on loans.  If you give out a lot of loans at a fairly high interest rate, you'll make a lot of money.  The more loans you make, the more interest you earn.  But if your interest rates are low, of if a lot of people default on their loans and don't pay them, or the interest, back, you lose money.