HOT OFF THE PRESSES: Introducing “The First Data U.S. Financial Institution Quarterly”
This month First Data Global Financial Solutions (GFS) launched the first issue of the “The First Data U.S. Financial Institution Quarterly,” a new publication that monitors various trends across the U.S. banking industry (i.e. revenue/loan growth, charge-offs, debt levels, lending standards, etc.).
This meticulously researched, full-color, 10-page publication is produced by the First Data Strategic Intelligence team led by Glenn Fodor. Sources include the Federal Deposit Insurance Corporation’s Quarterly Banking Profile and the Federal Reserve’s G.19 report.
“Due to the overwhelming response we received since launching the Data Book in 2015, it made sense to transform it into an informative read for our clients,” Fodor says. “This is just one of many creative ways we’re collaborating across internal business units to enhance the client experience and promote First Data as a thought leader. It’s the spirit of One-First-Data brought to life.”
Every quarter, a complimentary new issue will be distributed to First Data’s financial industry clients and prospects across multiple First Data business lines.
Key Takeaways from Issue 1, Volume 1:
- Revenue, loan, and profit growth decelerated modestly, a slight pause from last quarter’s momentum
- Loan loss provisions were flat YoY after nine straight quarters of increases
- Revolving consumer credit balances are finally approaching prerecession highs
- Credit card bank profitability remains under pressure given rising chargeoffs and higher rewards and marketing costs
The First Data U.S. Financial Institution Quarterly is scheduled for distribution four times per year, in March, June, September and December.
VIEW TODAY! Download the first issue.
For questions, please contact Craig McGuire.
Want to learn how your institution can leverage First Data solutions to capitalize on these trends? Request Your Private Presentation for You and Your Team!