The State of Commercial Banking: 2023 Mid-Year Update On-Demand Webinar Watch Now
Forbearance numbers are climbing and the outlook for the rest of 2020 is uncertain. Commercial banks must have a clear view of the risk already on their portfolio as well as in the deals they’re looking add.
As the ripple effects of the COVID-19 pandemic have permeated the U.S. and global economies, bankers have shifted their focus from concerns about waning loan demand and revenue challenges to dealing with the prospect of severe credit losses.
In this report, we took a closer look at the data, to get a better sense of how much risk banks are facing, and how well they’re adjusting to the changing conditions.
Several years ago, Richmond-based Union Bank (now Atlantic Union), brought on PrecisionLender to help them make sounder pricing decisions. Read on to learn their how lenders are having smarter discussions internally - and smarter conversations with clients - about the types of deals to pursue and the price they’re getting for the risk they’re taking on.
The events of 2020 have commercial banks intensely focused on risk. PrecisionLender clients are no different – but chances are they’re breathing a bit easier than their peers right now.
That’s because banks that use PrecisionLender have a track record of outperforming the industry when it comes to risk mitigation. And they're doing it while continuing to outpace their competitors in growth and profitability.
Find out how PrecisionLender has helped more than 200 banks price appropriately for risk.
PrecisionLender, a Q2 company, is modernizing commercial banking. Its sales and coaching platform empowers bankers with actionable, in-the-moment insights, so they win better deals and build strong, more profitable relationships. Andi®, PrecisionLender’s digital enterprise coach, augments banker strengths and intelligence with the latest technology and data, delivering the best recommendations at exactly the right time. 13,000+ bankers at approximately 150 banks—ranging from under $1B to over $1T in assets—use PrecisionLender’s solution. Set your bank apart with PrecisionLender’s applied banking insights.
