Trust Updates Archive

Fiduciary Assets Trust Performance Report trust companies first quarter 2018 bank assets revenue expenses trust divisions A.M. Publishing peer comparison financial institutions trust companies banks Bernard Garbo Robust Revenue Growth, Weak Asset Performance

(July 30, 2018 --Chicago, IL) -- Better than half of trust institutions reported declines in total assets in the first quarter of 2018, compared to seven out of 10 that reported revenue gains, according to Trust Performance Report's quarterly update.

Revenues are up compared to the same period in the prior year, due in large part to strong asset growth in 2017. However, revenue growth rates may slow in 2018 if stock market indices continue to report significantly lower asset performance than in the prior year. The impact on revenues of poor asset growth may be tempered by trust executives more aggressively policing fee schedules; additionally, a fifth of institutions said that they are planning to raise account-level fees.

For a complimentary copy of the first quarter report click HERE for a no-obligation trial subscription.

Larger trust institutions reported slightly better asset growth in the first quarter of 2018 than did smaller ones.

The worst performance reported, both for revenues and assets, was by the smallest institutions (peer group 5: those with assets under $500 million).

On a positive note, new account growth remains stable at 5 percent.

Profit margins remained fairly stable in 2017, according to Trust Performance Report 2018. However, there is some concern about profit-margin inflation, even among large trust institutions. For a complete analysis of this, see the upcoming Fiduciary Earnings & Expenses 2018. FEE now provides information on profit per employee as well as revenue per employee.

For sample pages of Trust Performance Report 2018, the annual report (published in May 2018) go to

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 1250 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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