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Billy Guthrie
Deposit Consultant
Darling Consulting Group
Billy is a Deposit Consultant at Darling Consulting Group, working directly with financial institution executives to validate and better understand key deposit assumptions utilized in risk models. In addition to supporting core deposit study analyses, he also educates DCG’s client base on utilizing data analytics to support strategic deposit decisions through Deposits360°®, DCG’s proprietary tool.
Billy began his career with DCG in 2008 as a financial analyst. He is a graduate of the University of New Hampshire with a degree in finance and management.
Joe Kennerson
Managing Director
Darling Consulting Group
Joe is a Managing Director at Darling Consulting Group. In this capacity, he works directly with financial institutions by providing solutions for their asset liability management process in the areas of interest rate risk, liquidity risk management, ALM modeling, regulatory compliance and executive-level education. He is a frequent speaker and author and directly advises clients in all aspects of ALM.
In its efforts to battle inflation, the Fed has triggered a Shocked Rising Rate environment with short-term market rates expected to move over 300bps in less than a year while Fed tapering continues to remove liquidity from the system. It is no surprise that managing deposit sensitivity is dominating strategic discussions, particularly as many institutions are facing the difficult question of how much runoff they are willing to accept before getting aggressive with deposit pricing. Competition is also intensifying as deposit specials quickly climb above 2% which is rapidly elevating cannibalization risk on the large non-maturity deposit base. The deposit pricing decisions you make over the next 100bps of Fed tightening will have a profound impact on margin and customer retention.
Join Darling Consulting Group on Thursday, September 8, 2022 at 2:00 PM ET for an inside look at customer deposit trends through this tightening cycle. We will share live case studies from our vast Deposits360°® client base on recent attrition and migration trends, successful deposit promotions, and overall insights into deposit strategies.
Managing Directors Joe Kennerson and Billy Guthrie will focus on:
Cannibalization trends on recent deposit specials
Pricing trends by product mix
Deposits360°® volume and rate forecast based on the Fed’s tightening expectations
Strategies to optimize new money growth and minimize cannibalization