Trust Updates Archive
(Oct. 11, 2016 --Chicago, IL) -- Revenue remains below 2015 levels, but the gap has narrowed since the first quarter of 2016, according to Trust Performance Report 2016's quarterly update. Equally, assets while still below 2015 level are expected to close that gap soon. Increasing asset values will, in turn, boost gross revenue.
For a complete copy of the Second Quarter report click here.
Account growth, reports TPR, was basically flat (0.05 percent), however, this was primarily driven by declines among the industry giants and midtiers (peer group 3).
Expenses are up, based on preliminary findings by Fiduciary Earnings & Expenses 2016, a sister publication of TPR.
One area of spending where expenses are not up is training. Results varied considerably among small institutions with some doubling their spending, others cutting their budgets by over 50 percent. Bank investment in training, historically, has been below that of other industries.
Lower spending on training can impact operating efficiency. However, this does not appear to be the case currently. According to preliminary findings, Fiduciary Earnings & Expenses 2016 reports that efficiency is improving for all peer groups except small institutions (those under $1 billion).
Trust Performance Report -- annual data book, published in May, provides both industry and peer group performance data by assets, gross revenue, net income, and account category. Subscribers receive quarterly updates. TPR findings are based on its annual survey of the top 1500 fiduciary institutions. For more best practices and benchmark data see TPR. For information on ordering click here or the link below.
Fiduciary Earnings & Expenses -- annual data book comparing performance among independent trust companies to that of OCC national trust companies and to bank trust divisions. For information on ordering click here or the link below.
For Sample copies of both publications click here and then, on the web page, check "Trust Performance Report."
No statement in this issue is offered as or should be construed as legal opinion or advice or as an indicator of future performance.
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