How do we validate our financial institution's strategy in acquiring term deposits? Traditionally, it's been hard to get an objective answer. Some will demand LOW COST, yet others proclaim GROWTH. When measured alone either of these are faulty in defining success. Today, we're announcing a benchmark to address this challenge – The Term Funding Profit Benchmark, or TFP Benchmark – to help you gain greater control over measuring term deposit acquisition performance. The TFP Benchmark addresses significant challenges obscuring deposit performance assessments by: - Providing a complete picture of both deposit pricing and volume - Remaining independent of returns provided by assets - Applying to any institution, no matter its asset size - Defining profit based on comparisons to objective and public data, such as Federal Home Loan Bank advances We welcome thoughts about this new benchmark from industry experts and all practitioners including Glenn Grossman, Dale Sheller, Ryan Hayhurst, Keith Reagan, Justin Bakst, Darnell Canada, Joe Kennerson, Omar A. Hinojosa, CFA, Gary L. Svec, CPA, Michael Ritter, Preston Afrank, Brad Resnick, Alisha Crafton, Connie Loveland, and Tom Grottke. You can receive the benchmark results each month – for free – by signing up at https://lnkd.in/gcrhPFTk. What did high-performers' cost of funds look like in March? Read our coverage at https://lnkd.in/gTUUn_9B
This valuable benchmark is a great tool for community bank CFOs, ALCOs and executive management teams seeking to better navigate a path to growing more profitable, plentiful core deposits for your FI. Impressive thought leadership here. Thank you.
I love this. Easy to use and it helps community bankers everywhere.
Useful. Nicely done, Neil.
Great info and a great service for banks!
WOW! A free service that provides any bank with a monthly analysis on the most important topic in banking right now. BTW, the results of this important TD information can be included in daily analytics to help bankers.
This sounds like a useful tool for banks!
Interesting!
CEO and Founder
5moJeff Marsico, it was a grave omission that you were not listed on the original post. Do you want to weigh in?