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Fiduciary Assets Trust Performance Report trust companies bank priorities shift assets revenue expenses trust divisions A.M. Publishing peer comparison financial institutions trust companies banks Bernard Garbo Strong Revenue Growth Continues, May Slow in 2019; Growth Hampered by Large Institutions

(June 05, 2019 --Chicago, IL) -- Gross revenue growth remained strong in 2018, even as total assets declined, according to Trust Performance Report 2019, which annually reports on the activity of the top 1200 trust institutions. However, the rate of growth is expected to slow in 2019 as the percentage of institutions projecting a fee increase is one of the lowest reported over the last decade.

The trust industry continued to set new records for gross revenues. These could have been higher were it not for the performance of the industry's giants. Over the last six years, comparing 2018 to 2013, the Top 50 institutions have reported gross revenue growth of more than 20 percent. However, the next 450 institutions have reported growth of nearly 33 percent.

Profit margins generally improved, with the exception of Peer Group 1, as expense growth on average was less than that of gross revenues. However, for some in the industry, profit margins in 2018, and possibly the next seven years, may be distorted and require adjustment to reflect "true" trust performance -- adjustments related to tax reform legislation, know as the Tax Cuts and Jobs Act of 2017 (TCJA).

Productivity has remained stable for most institutions, according to initial results, though there are some notable exceptions. Many large institutions reported productivity declines, while independent trust companies of all sizes reported improved productivity.

Trust Performance Report/A.M. Publishing's annually surveys bank trust divisions and independent trust companies. The survey is conducted in mid-March.

For sample pages of Trust Performance Report 2019, go to .. for information on ordering, see below.

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. 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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