Deposit growth year to date has not been sufficient to fund loan growth or to prevent further contraction in the net interest margin, |
Revenue and net income trends remain below our expectations. |
Strong lending results, respectable deposit growth, well-behaved credit trends and excellent results from some of our fee businesses have not been enough to overcome the performance in spread-based revenues. |
We agree with the consensus out there about the interest rate environment, and we are taking steps to react to that by working harder on the deposit side, |
We continue to view ourselves as a growth company and continue to work hard at improving the numbers, |