A digest of some of the top insights that I’ve gathered from this week’s earnings calls. Full notes can be found here.
Loan demand not as robust as 2013
“I don’t think we’re taking a more conservative approach. I think we have a very measured credit standards, and we don’t see those changing in 2014. I think it’s really just a reflection of our outlook for the economy, the general level of loan demand. We had, I think, very strong growth this year and attracted a strong group of new clients. We think we will have another very solid year of growth in 2014. But at this point, we’re not projecting quite as robust a level of growth, just given the general economic conditions and low levels of loan demand.”
Hoping that short term rates increase
“Yes, we are not predicting short-term rates are going to increase in 2014. So without short-term rates increasing, our best guess is likely that our liquidity is still going to stay high. I hope I’m wrong, and I hope they increase”
Optimism in real estate
“I think there’s a tone of additional optimism in the real estate space and in the commercial space. And our pipelines are actually looking pretty good across the company. So the kind of outlook that we’re giving you does reflect the sense that loan demand is going to continue on the trend that we saw in the second half of the year.”