A study by banking consultants Cornerstone Advisors Inc. showed that banks between $1 billion and $40 billion in assets may have solid earnings now, but they're facing serious growth challenges that threaten future profitability.
Sam Kilmer, senior director of the Scottsdale, Ariz., firm, said the profits at many midsize banks are due to cost cutting and improving loan portfolios. They're lacking true growth, and it's often because they're refusing to adapt to new market conditions.
During the…
A study by banking consultants Cornerstone Advisors Inc. showed that banks between $1 billion and $40 billion in assets may have solid earnings now, but they're facing serious growth challenges that threaten future profitability.
Sam Kilmer, senior director of the Scottsdale, Ariz., firm, said the profits at many midsize banks are due to cost cutting and improving loan portfolios. They're lacking true growth, and it's often because they're refusing to adapt to new market conditions.
During the…