PRI Blog

Our blog is dedicated to sharing our thoughts and expertise about the banking industry and how you can experience quantifiable results for your financial institution. We invite you to hear the perspectives from our banking professionals through our posts.

PRI Annual Team Meeting Focuses on Storytelling and New Technology

The PRI team gathered in historic Nashville, Tenn., for our annual meeting in October. Being in “Music City,” we were able to experience all it had to offer, while coming together to review the vision of PRI and discuss trends and changes coming to the financial industry. PRI founder Tim Holt kicked off the meeting […]
Continue Reading

What is Interchange Income and How Do You Calculate It?

Mike Holt, PRI partner, discusses interchange income and how it’s calculated in this week’s blog. The History of Interchange Income Simply put, interchange is the small percentage of each credit card and debit card purchase amount that is paid to financial institutions by merchants for the privilege and convenience of accepting payments via the FI-issued […]
Continue Reading

Why Intentional Process Improvement Matters 

Intentional process improvement and how it applies to the strategy and culture of a financial institution is not always at the forefront of senior leaders’ minds. When it’s not, it can easily fall by the wayside. Sometimes FIs subscribe to the view, “If it ain’t broke, don’t fix it.” This perspective can lead to a […]
Continue Reading

PeoplesBank: The Power of Preparing for Growth

Mergers and acquisitions in the banking industry continue to take place at a rapid pace and provide a foundation for strong growth for financial institutions. M&A can be a complicated long-term process, and it requires consideration of many elements beyond just converting a system platform, as PRI points out in the article M&A Integration: It’s […]
Continue Reading

The Dos and Don’ts of Contract Negotiation

The Dos and Don’ts of Contract Negotiation Contracts for essential services lie at the heart of a financial institution’s business and greatly impact what it can and cannot do and what it offers to its customers. Because these contracts in large part drive the FI’s business, it’s important to get the contract negotiation right. Any […]
Continue Reading

Loan Pricing: How to Increase Profitability/ROE in an Increasing Rate Environment

As of April 2023, the yield curve was inverted, pointing to a possible recession. Rates have dramatically increased, slowing loan demand, and inflation stubbornly hangs on indicating more rate increases could be on the way in the short-term. Customer demand has shifted the conversation from rate floors to rate ceilings. In addition, excess liquidity that resulted from the pandemic is now falling. This, combined with depositor demand for higher yields, is beginning to increase deposit costs. In this blog, PRI consultant Shawn King discusses how to maximize profitability and ROE in an increasing rate environment.
Continue Reading

Breaking the Mold: Using New Channels to Communicate Effectively

At PRI, we spend our days helping financial institutions look at every aspect of their businesses to determine where they can improve their processes, which leads to enhanced culture and employee engagement. There are many avenues of attack we can take that lead to improved efficiency and increased profitability, which is our ultimate goal. As […]
Continue Reading

5 Top Things to Keep in Mind When Selecting Your Core Banking System

For almost every financial institution (except de novo institutions), a current core system is already in place. Changing core and ancillary systems creates a significant change event that will impact productivity and morale. It’s not an endeavor to be entered into lightly! In the PRI article 7 Tips for Getting the Most Out of Your […]
Continue Reading

5 Steps to Turn Strategic Planning into Action

Strategic planning is a process used by financial institutions to identify short and long-term goals, determine the strategies necessary to accomplish those goals and devise an approach to evaluate progress. While strategic planning usually takes place at the senior management and board of director level, it can often stall out there, never driving down into […]
Continue Reading

Search Profit Resources