Trepp, Inc.’s Post

🆕 To get an early read on bank earnings results for the third quarter of 2023, the Trepp, Inc. team consulted Trepp’s Capital Adequacy Stress Test (TCAST) model to see what it would predict for the top four banks in the US ranked by asset size. Trepp’s model is projecting a smaller year-over-year increase in bank earnings for the top four banks. TCAST projects higher revenues for the largest banks in Q3, but at a slower annual growth rate. Access Trepp's Banking Analysis here 📩 https://hubs.li/Q025w94W0 #Trepp #CRE #BankEarnings #Earnings #TCAST #Banking #BankEarningsPreview #Banks

PNC FIG Advisory Vault November 14, 2023 Intermediate-size Bank 3Q23 Earnings Scorecard Summary For 3Q23 earnings season, PNC FIG Advisory, part of PNC Capital Markets LLC, anticipated that Intermediate-sized banks, defined for the purposes of this report as banks with assets of $3-20 billion, would face a combination of margin pressure, flagging loan growth, trouble raising deposits, and flat fee income numbers resulting in worsening efficiency and revisions to earnings estimates that were negative. Overall, earnings per share (EPS) were generally better than the consensus estimate for the Intermediate Bank group. Ultimately 16.9% of banks in this asset size range posted 3Q23 results that were -5.0% or more below consensus estimates, and 58.8% posted results that exceeded expectations by the same margin. #pncbank #pncfig #advisory

#1 High-Interest Account for Goal Setters Winner: Milli Bank  Methodology: One of the most useful savings account features is the ability to track progress from point A (saving) to point B (achieving). We’re pleased to see that a growing number of high-yield savings accounts have added goal-tracking tools to their offerings in recent years. The best-in-class providers in this award category allow savers to seamlessly set up and manage multiple savings goals, and provide additional savings insights (prods, calculations) along the way. Our final criterion was an account’s APY (the horsepower that speeds growth). View winners: https://lnkd.in/gxxEmirp #savingsaccount #banking #millibank

Last we asked: To what extend does your bank see special assets playing a role in 2024? The poll yielded surprisingly balanced results! Jon Burkhart, our Banking & Financial Services Division President, shares his thoughts: "Over a quarter of all banks right now are considering making special assets a larger role in their bank, which is a significant change from the last few years, where special assets was barely peripheral and played a negligible role for most banks.   Based on conversations we're having with banks all over the US, we see the need for special assets growing considerably, as many loans come up for renewals in an interest rate environment that has more than doubled in the last few years, making future loan payments difficult for a number of businesses that are barely keeping up with their payments at a lower rate." Do you agree with these poll results? #specialassets #bankingindustry #financialanalysis #polloftheday #poll #banking

GBB is a bank built on relationships and trust, with no one exemplifying that more than our own Rob Schwister. Periodically, we will post original content related to all aspects of banking in this marketplace. Click below to read the first part in a series titled "CEO Thoughts." #denovobank #communitybank #Scottsdale #Phoenix #smallbusinesslending https://lnkd.in/gSmWbH38

Acquisitions and growth may be appreciated by shareholders but customers want service and quality. When big banks acquire smaller ones they seem to introduce friction and cost-cutting and lose high-value customers. Consumer banking is digital and does benefit from scale. However, business banking, especially for small business and low to mid commercial segment, seems to prefer #communitybanks due to service and convenience. We don't see this as an isolated shift or a new trend. This is really the bread and butter for smaller FIs and we at #BanqFora are happy to play in this sector to provide them the tools they need to scale digitally. https://lnkd.in/eSKEEy7D

Recognise Bank launches two new savings accounts offering up to 6.1% Recognise Bank has boosted the rate on two fixed-rate savings accounts shooting them to the top of the best buy tables, after a slight lull in top fixed deals being launched. Its two-year fix is offering 6.1 per cent - now the highest overall rate a saver can get, beating Cynergy Bank which offers 6.06 per cent over the same timeframe. The challenger bank has also boosted the rate on its three year fix to 6.05 per cent - meaning it is priced slightly below the shorter term fix. ‣ Source: https://lnkd.in/eH66DB4K ‣ Sign up for my Digital Banking Newsletter: https://lnkd.in/gQuFt964 #banking #digitalbanking #challengerbank #bankingindustry #banks #bankingtech #financialservices #fintech #fintechnews 

Bankers - Do your deposit offers look like the rate sheet below? Can you see the peril you are putting your bank in? Depositors - Is this the way your bank approaches your deposits? Can you see the opportunities for you? The static rate sheet has been around for decades. The combination of today's technology and interest rates makes this a very dangerous situation for bankers. This is an opportunity for financial institutions that compete with bankers and credit unions using rate sheets like the one below to win big. There are so many ways to win profitable deposits away from this approach that relies on odd-term specials with ultra-low APYs for standard terms. If your bank management team or your competitors are doing this, you need to learn about the art and science of deposit strategy now to protect your financial institution and create a durable competitive advantage. The opportunity to win profitably priced deposits away from those still repeating the approach they inherited decades ago has never been greater. Don't let another month pass by. #communitybanking #depositstrategy #interestrates #profitability #sales

Access up to 90 days of categorised bank statement data in real-time, enabling precise income verification and a clear picture of affordability. OBV connects to 99% of UK banks, ensuring comprehensive coverage and enhanced decision-making. Say goodbye to manual statement reviews and hello to streamlined, accurate assessments. #OpenBanking #LendingMetrics https://lnkd.in/dCacTxmG

Aegis FinServ Corp™ #Bank #Intelligence councils #Banks, #FinTech, #DigitalBanqs and Credit Unions. Many cannot meet new cost centers, merger is the best path. Designated Failed Institutions is not going to see FDIC Receivership. We expect mandatory merge/consolidation. Talk to #AegisFS about smart banking options. https://lnkd.in/eJBu4EPa