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.
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 […]
While we have never been in another economic cycle exactly like this one, the fundamentals of lending and borrowing for financial institutions remain the same. As always, FIs are interested in how to prepare for and respond to what’s coming while protecting their interests and jumping on emerging opportunities to increase revenue and profits. In […]
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.
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 […]
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 […]
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 […]
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 […]
Debit card interchange income is the top contributor to deposit-based non-interest income for most banks, and if it’s not for yours – you must ask why! Two factors make debit card interchange income a smart thing on which to focus growth efforts. First, interchange fees are not paid by your customers (see “What is Interchange […]
While there are conflicting outlooks on what financial institutions can expect from the economic environment in the next five years, experts generally agree that “expecting the unexpected” is a sound business practice. Major global or national events are always possible, although the potential impact is not yet fully understood or there is disagreement on what […]
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 […]
