On Tuesday, the FDIC released its quarterly banking profile, a comprehensive data set that covers more than 7,000 FDIC-insured banks. In the video below, Motley Fool contributor John Maxfield discusses why it appears that banks are safer and more profitable than ever.

John Maxfield owns shares of Bank of America. The Motley Fool recommends Wells Fargo. The Motley Fool owns shares of Bank of America and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.