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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.
Eric Poulin
Senior Consultant
Darling Consulting Group
Eric is a Director at Darling Consulting Group where he assists community financial institutions with the delicate balance of optimizing earnings while prudently managing risk. In this role, he works collaboratively with ALCOs to develop comprehensive strategies related to all aspects of Asset Liability Management. Eric strives to distill complex concepts into actionable intelligence and delights in bringing education to the industry.
2024 was a challenging year for many financial institutions. Short-term interest rates remained stable but higher during the first half of the year, resulting in persistently higher funding costs. This combined with an inverted yield curve pressured net interest margins.
Although deposit balances began to stabilize from the outflows experienced in 2023, the annual growth rate was still below 3% across the industry. The result was higher demand for wholesale funding at wider spreads, offsetting some of the benefits of rate cuts in 3Q and 4Q.
We begin 2025 with a more favorable interest rate backdrop, with the Fed having cut rates by 100bps and a return to a steeper yield curve, but a less certain view toward the economy and future monetary policy decisions, leading to higher volatility.
Many institutions may be wondering how to position themselves to drive meaningful funding cost relief while balancing the ability to retain deposits and support loan growth. While we can’t know with certainty how things will unfold, the good news is that last year provided extremely valuable information.
Join this informative session hosted by R&T Deposit Solutions and Darling Consulting Group designed to help financial institutions navigate today’s complex deposit and balance sheet challenges. We’ll explore notable insights and projections from DCG’s Deposits360°® database – including nationwide balance/rate trends, best practices for planning for future rate paths, lessons learned over the last year, and more.