Q1 2021 Bank Executive Business Outlook Survey

January 1, 2021

What a difference a year makes. Last year, with the onset of the worst health pandemic in over 100 years, confidence in the economic outlook sank quickly and deeply. Now, according to the first quarter 2021 results, bank respondents provided a brighter economic outlook for their banks.

The number of bank executives responding that economic conditions for their bank had improved leaped an impressive 38 percentage points since last quarter.

Looking to the year ahead, a majority of bankers (57%) expected economic conditions for their banks to continue to improve, a 19-point climb from the previous quarter. Only 14% anticipated conditions to worsen over the coming year.

IntraFi Network's proprietary Bank Experience Index^SM (a composite of reported experience for access to capital, loan demand, funding costs, and deposit competition compared to 12 months prior) measured 62.7, the first time it has measured above 60. The IntraFi Network's Bank Confidence Index^SM (a composite of expectations for access to capital, loan demand, funding costs, and deposit competition looking 12 months ahead) also increased 1.7 points from the previous quarter to 55.7...

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