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How Essential Analytics Can Drive An Effective Deposit Strategy

Community banks and credit unions continue to see significant deposit-related headwinds in 2024 as both betas and competition from neobanks and fintechs increases. This challenge to profitability will intensify as large volumes of CDs mature and reprice. For many institutions, just maintaining current deposit levels may be a struggle.
 
Join deposit strategy experts from Curinos for an insightful webinar focusing on the essential analytics needed to navigate and succeed in this difficult environment. With many bank teams being forced to manage across multiple fronts, we share practical tips for streamlining your analytical focus and succeeding without deep FTE and technology investment.
 
THIS WEBINAR COVERS:
 
  1. The high-impact trends and potential pitfalls in today’s deposit market
  2. How institutions can streamline the decision/action cycle and move more efficiently from problem to solution
  3. The possible challenges we anticipate in mid- to late-2024 and how decisions today can head off problems tomorrow
 
TOP 3 BENEFITS TO ATTENDEES:
 
  1. Understand market challenges and what may come next
  2. Discover efficient solutions to complex deposit problems
  3. Learn how to attain results and achieve bottom line targets, without driving up expenses

Speakers: Agusta Patton, Director | Adam Stockton, Managing Director – Head of Retail Deposits & Lending| Brad Resnick, Director – Deposits

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Nowhere is the mortgage shakeout more apparent than in the wave of mergers and acquisitions that have washed across the industry ever since interest rates started to rise. And that wave is occurring even though credit trends aren’t deteriorating significantly. Courageous buyers view the upheaval as an opportunity to enter new markets and then cut costs from overlapping operations. As these are early days, it is unclear whether these classic strategies to grab market share will ultimately succeed. If economic conditions deteriorate and credit trends weaken, some lenders may experience buyer’s remorse. What’s clear is that the industry’s trends aren’t showing any signs of recovery, with volume down 53.3% year over year. Market trends are showing lower weighted average FICOs (dropping from 760 to 745), higher LTVs (increasing from 72% to 81%). Both metrics are associated with a move away from the refinance boom and toward a stronger purchase market. This means that buyers can’t rely on new geographies to guide them to better times. Instead, lenders will need to keep charging ahead with efforts to optimize margins by using granular pricing strategies. They also must have a clear retention strategy for their mortgage servicing portfolio because recapture will represent a significant opportunity when rates start to come back down.

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Sales Inquiries:
Sales@curinos.com

Accounts Payable Inquiries:
CurinosAP@curinos.com

Media Inquiries:
Curinos@cognitomedia.com

Need to contact a specific team?

Sales Inquiries:
Sales@curinos.com

Accounts Payable Inquiries:
CurinosAP@curinos.com

Media Inquiries:
Curinos@cognitomedia.com

Need to contact a specific team?

Sales Inquiries:
Sales@curinos.com

Accounts Payable Inquiries:
CurinosAP@curinos.com

Media Inquiries:
Curinos@cognitomedia.com

Need to contact a specific team?

Sales Inquiries:
Sales@curinos.com

Accounts Payable Inquiries:
CurinosAP@curinos.com

Media Inquiries:
Curinos@cognitomedia.com

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