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In my element today at American Bankers Association #BMS 🙌🏻 (literally so many pages of color coded notes y’all). Learning so many great social media/website/digital strategies and tactics to bring back to First Guaranty Bank thanks to Amber Farley 💕 #ABABMS #BMS2024 #bankmarketingschool #bankmarketing #digitalmarketing

Celebrating 20 years of $EQB on the TSX! 🎉💰  To put things into perspective, in 2004 (yes, that’s 20 years ago), LinkedIn was only one year old, MySpace was THE place to be online, and Shrek 2 was the hottest movie at the box office .    March 18th isn’t just a milestone for EQB and Equitable Bank—it’s a celebration of our journey with YOU! As your banking needs changed, we evolved alongside you—over the years, we embraced innovation, anticipated trends and drove true change in banking to enrich Canadians’ lives.   📈 Today, 600K+ customers and 6M+ credit union members benefit from our products, services and best-in-class support, and we've firmly cemented our position as Canada's seventh-largest bank. Our achievements speak volumes: a staggering total shareholder return of 1,024% at EQB’s last quarter close, surpassing industry benchmarks and receiving accolades from Forbes as the top bank in Canada three years in a row! 🏆 Here's to 20 years of serving you and many more ahead! Raise a toast in the comments and share your favourite #EQB memory 🥂 --- TMX Group

Bank M&A Remains Subdued Though Activity Is Expected to Heat Up Later This Year and Extend Into Coming Years "8 of the 23 deals announced YTD with pricing information available have a Price-to-TBV ratio exceeding 150% vs. 7 of the 30 deals announced in 2023 with pricing information available. 5 of the 8 deals YTD are Credit Union Bank deals, including the most expensive deal of the year at 225% of TBV. The Avg. Price-to-TBV for the 5 Credit Union Bank deals announced YTD with pricing data available is 172%. The most expensive Bank deal of the year is WTFC's acquisition of $2.6B in Asset, MI-based MCBC for 174% of TBV" #YarmouthChoate

Commonwealth Bank announced a remarkable $502 billion profit in the first half of the financial year, which was notable considering the concurrent closure of several bank branches. Despite challenges in the industry, the bank's financial success underscored its adaptability. The announcement illustrated the dynamic financial landscape for CBA amidst industry changes, such as customers switching to higher yielding deposits and rising operating expenses. The report reflects the effectiveness of CBA’s strategic initiatives, including the ongoing process of streamlining through branch closures. Follow Outback Briefs to stay up to date with Australian Business News! #australia #australianews #businessnews #cba #commonwealthbank #bankingindustry

🔴 #UK high street #bank shares lost £7bn for investors last year amid growing scepticism over future profits for #lenders. Barclays, NatWest, Virgin Money and Metro shares all failed to make gains since January owing to a bleaker outlook for the sector. NatWest, which was embroiled in the Nigel Farage debanking #scandal, ended 2023 deep in the red after shares fell by a fifth since the year started. That equates to about £4.6bn wiped off the value of the bank. Barclays have also seen shares drop, with #investors losing about £1.5bn in value. And Lloyds shares ended 2023 flat, having failed to make significant gains. Smaller lenders like Virgin Money and Metro Bank have also suffered. Metro lost most of its #value after an emergency rescue deal to keep it afloat while Virgin Money has failed to revive its share price. In total, the combined market cap of all four banks in the red has declined by £7bn. Read more here ⬇️ https://lnkd.in/eBN3Tw8s

Random Shareholder Thoughts… the quicker Britam cuts its losses at HF, the quicker it will create value for shareholders. The Kenyan Banking Sector is now well settled into 3 categories: 1. The MASS DEPOSIT GATHERERS: KCB, COOP, EKWETE, and to large extent NCBA. 2. The niche mkt players… I&M, DTB - seen a muhindi banks, and FAMILY, seen as SME banker. 3. The multinationals: Barclays, Absa, Stanchart and Stanbic. If you are not in the 3 buckets above, the going is rough. I don’t see a path to HF fitting into any of the 3 buckets. The quicker it accepts its fate, the better for its shareholders. And that fate is the mortgage division of one of the above. In the meantime, dial *809# or download Cytonn App to invest or withdraw anytime 24 / 7.

Martyn Kendrick, a key figure at Lloyds Bank in the North East, shares insights on progress and potential in the region during an interview with BUSINESSiQ North East magazine. Beyond the financial figures, he highlights the transformative influence that can impact the regional economy directly. Kendrick emphasizes the importance of maintaining a personalized approach, ensuring that the significance of individual interactions is not overlooked. #LloydsBank #HelpingBritainProsper #BusinessInsights #EconomicPotential

National Bank acquires CWB for $5billion Benefits for National Bank of Canada (NBC): Ø  Growth: Expands into Western Canada, a new market for NBC. CWB has a strong presence in this region, giving NBC access to a new customer base. Ø  Diversification: With NBC currently dominant in Quebec, this acquisition enables them to diversify, spreading their assets across different areas and thereby reducing risk. Ø  Service Offerings: Combining the product and service portfolios of both banks creates a more comprehensive offering for customers. Benefits for Canadian Western Bank (CWB): Ø  Increased Scale and Reach: Becomes part of a larger national bank, potentially giving them access to a wider range of resources and capital. Ø  Growth Potential: Uses National Bank's presence and expertise across the country to help grow their business beyond its current limits. Ø  Shareholder Value: CWB shareholders receive a premium of 110% over the closing share price before the announcement, providing a significant return on their investment. What other benefits do you see from this acquisition? Share your thoughts in the comments! #Banking #BusinessGrowth #Acquisition #Finance #NationalBankofCanada #CanadianWesternBank

📊 New #CFIB data: Canadian financial institutions still have a lot of room for improvement when it comes to the overall level of service they provide to their small business customers. As we do every three years, we have measured through a large survey (over 7,000 respondents) entrepreneurs' satisfaction with the banking services they receive. CFIB ranked banks and credit unions from 0 to 10 within the areas of financing, fees, account manager and service. Top spots in the rankings for this most recent edition: 🥇 Credit Unions (6.0/10) 🥈 Desjardins (5.6/10) 🥉 National Bank (5.2/10) Our wish for 2024: given the especially challenging times on the financial front, more than ever our small businesses deserve efficient, responsive, and helpful banking services! The full report authored by Michelle Auger and Taylor Matchett is available at https://lnkd.in/eyKhsHuz #CFIBstats #cdecon #banks #SmallBiz