Conclusion The FDIC chairman, Martin Gruenberg, said, “The banking industry still faces significant downside risks from the continued effects of inflation, rising market interest rates, and geopolitical uncertainty. These issues, together with funding and earnings pressures, will remain matters of ongoing supervisory attention by the FDIC.” Though higher interest rates, decent loan demand and a changing revenue mix will offer much-needed support to banks’ top line, rising deposit costs will weigh substantially on it. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things.