A sizeable portion of regional and community bankers in our survey remain cautiously optimistic about maintaining moderate revenue and income growth in the next few years.
What are the reasons behind these expectations? For the most part, the banks we polled - those with assets of $1 billion to $20 billion - say they are upbeat about the headway they are making in transforming operations, making inroads with new customer segments, and in developing new products and services.
Looking ahead, banks say they are on the path of change to sustain growth, even in the face of technological advances that are altering how people and businesses are banking. Most (59 percent) say their primary strategic initiative in 2016 is significant investment in organic growth - new product development, new pricing strategies, and geographic expansion.
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