a.t. kearney consolidation of the us banking industry

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Page 2: A.T. Kearney Consolidation of the US Banking Industry

Consolidation of the US Banking Industry

Retail banking is undergoing a strategic transformation, with innovationand scale creatinga competitiveadvantage.

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Page 3: A.T. Kearney Consolidation of the US Banking Industry

Consolidation of the US Banking Industry

The pace of customers’ migration from small to large banks points to accelerating consolidationin the years to come.

Note: National banks are the top three banks by deposits; super-regional banks are the top four to top 10 banks by deposits; regional banks are the banks with deposits of more than $50 billion that are not in the top 10; midsize or local banks are those with less than $50 billion in deposits; and direct banks are those with no or limited physical presence.

Source: A.T. Kearney Q4 2016 Banking and Payments Study (N=777)

Primary bank migrationMarket share among banked consumers who switched primary banks in the past year

Direct banks

Other

Credit unions

Midsize or local banks

Regional banks

Super-regional banks

National banks

8%

Prior primary bank type

25%

14%

31%

Current primary bank type

9%

4%8%

7%

28%

6%

40%

8%

9%1% +1%

-1%-8%-1%

+3%

+9%

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Page 4: A.T. Kearney Consolidation of the US Banking Industry

Consolidation of the US Banking Industry

Large banks owe their success to low costs, high productivity, and—most importantly—their ability to invest in and launch digitalcapabilities.

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Page 5: A.T. Kearney Consolidation of the US Banking Industry

Consolidation of the US Banking Industry

Mobile and digitalcapabilities are now a prerequisite when consumers are choosing a bank, especially for Millennials.

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Page 6: A.T. Kearney Consolidation of the US Banking Industry

Consolidation of the US Banking Industry

To fund innovationand compete, scale,cost management, and e�iciency programs willbecome moreimportant, highlighting a clear advantage for large banks.

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Page 7: A.T. Kearney Consolidation of the US Banking Industry

Consolidation of the US Banking Industry

With more limitedstrategic investmentfunds, small bankscan gain ground by partnering with digital solutions providers and by investing in marketing.

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Page 8: A.T. Kearney Consolidation of the US Banking Industry

Consolidation of the US Banking Industry

A.T. Kearney is a leading global management consulting firm with o�ices in 40 countries. Since 1926, we have been trusted advisors to the world’s foremost organizations. A.T. Kearney is a partner-owned firm, committed to helping clients achieve immediate impact and growing advantage on their most mission-critical issues. For more information, visit www.atkearney.com.

A.T. Kearney can help prepare your company for the US banking industry’s consolidation.

Learn more Request a briefing