Bank Executive Survey

Grant Thornton’s Banking and Securities practice is proud to announce the release of the 19th Annual Bank Executive Survey, conducted in association with Bank Director.

Last year’s survey found our banking industry respondents optimistic about the direction of the economy despite concerns over the Dodd-Frank Act and regulatory compliance. Much has happened across the banking landscape since then. With bank executives preparing for the challenges ahead, Grant Thornton LLP and Bank Director examine the challenges and plans among bankers across the nation, compiling analysis and trends based on past survey results.

This installment focuses on the current situation in the eyes of bankers on a variety of issues, from handling the Dodd-Frank Act to how growth will be achieved in the coming year.

Key findings:

The majority of respondents indicate that they expect the number of people they employ at their bank to increase (28 percent) or remain the same (62 percent) in the next six months.
The overwhelming majority (94 percent, up from 91 percent last year) state that regulatory compliance burden remains the number one concern for executives.
Just over 1 in 10 bankers (13 percent) expect the U.S. economy to improve in the next six months. Over half of the respondents (68 percent) think the economy will remain the same and only 20 percent of bankers expect it to get worse over the same period.
Almost three-fourths (68 percent) of respondents have strengthened loan reviews and over half (59 percent) have adopted an enterprise risk management structure in the last 24 months.

Learn more about Grant Thornton’s Banking and Securities practice
As the national banking and securities industry leader, Nichole Jordan is responsible for overseeing the service offerings to Grant Thornton LLP’s banking and securities clients around the country. She can be reached at nichole.jordan@us.gt.com.

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