Zane Shaw's questions to BankFinancial (BFIN) leadership • Q4 2023
Question
Inquired about the 2024 outlook for deposit growth, the target loan-to-deposit ratio, the potential use of brokered deposits, fee income prospects, and the target efficiency ratio.
Answer
The executive stated that a good case for 2024 is flat deposit growth, with a target to increase the loan-to-deposit ratio to 90%. There are no plans to use brokered deposits. Fee income is expected to improve from various sources including retail services, trust, and treasury management. The target efficiency ratio for year-end 2024 is in the mid-to-high 60s percent range.