Trust Updates Archive

Sluggish Asset and Revenue Performance Fiduciary Assets Trust Performance Report trust companies first quarter 2019 bank assets revenue expenses trust divisions A.M. Publishing peer comparison financial institutions trust companies banks BlackRock Wells Fargo State Street US Bank Northern Trust Chase Citibank Bernard Garbo Sluggish Asset and Revenue Performance, Especially Among Largest Players

(July 31, 2019 --Chicago, IL) -- Revenues in the first three months of 2019 were up an average of only 1 percent compared to the same period in the prior year, according to Trust Performance Report's quarterly update. Revenue performance among the industry largest institutions, Peer Group 1, drove the decline. Until late 2017, industry revenue growth was held back by the poor performance of the industry's largest institutions, this again appears to be the case.

A decline in revenue growth was expected based on A.M. Publishing/Trust Performance Report's annual survey of trust executives conducted in March.

Asset performance slowed in the first three months of 2019 to 5 percent, as an industry average. The best performer, among large institutions, remains BlackRock, which began rebounding with strong asset growth in the third quarter of 2018. Overall, asset growth averages in the trust industry fell far below growth rates of the S&P 500 and the DJIA. Both of these indices reported asset growth rates in the first quarter that were nearly double that reported by trust institutions.

Generating solid revenues is of course not a guarantee of profits. To assist trust executive in gauging their operations, Fiduciary Earnings & Expenses 2018 (TPR's sister publication) has expanded its analysis of productivity benchmarks to include revenue per employee and profit per employee

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

The worst performance reported in the first quarter, both for revenues and assets, was by the largest institutions, those with assets over $100 billion.

The best performance in the first quarter was reported by the smallest institutions, those with assets of under $500 million.

Industry productivity remains fairly stable, with the exception of large-bank trust divisions, according to FEE 2019's preliminary findings. FEE

For sample pages of Trust Performance Report 2019, the annual report (published in May 2019) go to

For sample pages of Fiduciary Earnings & Expenses 2018, the annual report (published in October 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 1200 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, published in late October. 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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