Originally presented at the Deposit Mastery Summit, sponsored by The Institute for Extraordinary Banking, in this session, Jeff K. Davis, CFA addresses the following objectives:
- Core deposits are the primary driver of franchise value
- Non-interest bearing (and near NIB) deposits matter a lot when rates fall, too
- Reducing COF vs adding assets to offset NIM pressure is value accretive
- Growing core deposits should improve both earning power and the P/E
- Price / TBV multiple is a data point
