{
  "docId": "019dd923-5e88-73ef-bd5b-73d2fcd4c63f",
  "docSlug": "b24f1791b15f452b",
  "documentTitle": "barclays americas select franchise conference final 5 8 24",
  "authorId": "Barclays",
  "authorName": "Citizens Financial Group",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "equity_research",
  "sourceTypeLabel": "Equity research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.333,
  "pageNumber": 17,
  "pageCount": 24,
  "prevPage": 16,
  "nextPage": 18,
  "slideType": "financial_analysis",
  "function": "quantify_impact",
  "density": "overcrowded",
  "nDataPoints": 25,
  "notes": "The slide uses a waterfall-style bar chart to show the cumulative impact of different financial components over time.",
  "elementsJson": [
    "headline_text",
    "bullet_list",
    "data_table",
    "bar_chart_stacked"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5b-73d2fcd4c63f/17",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5b-73d2fcd4c63f",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5b-73d2fcd4c63f.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5b-73d2fcd4c63f#slide-17",
  "components": [
    {
      "bbox": null,
      "kind": "callout",
      "text": "1Q24 NIM of 2.91% expected to benefit ~62 bps by 4Q27 from Non-Core and swaps, partially offset by a ~15-25 bps impact of an asset sensitive core balance sheet, resulting in a medium-term NIM outlook of 3.25-3.40%.",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd952-103f-77d9-80be-277f24f17381",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.55,
        "w": 0.6,
        "x": 0.35,
        "y": 0.28
      },
      "kind": "chart",
      "text": "Expected incremental quarterly NII & NIM contribution from Non-Core and receive-fixed swaps portfolio relative to 1Q24",
      "attrs": null,
      "subkind": "bar-stacked",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d73dc365-5cc5-45e3-a767-3b890c65c889",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.15,
        "w": 0.9,
        "x": 0.05,
        "y": 0.1
      },
      "kind": "list",
      "text": "1Q24 NIM of 2.91% expected to benefit ~62 bps by 4Q27 from Non-Core and swaps, partially offset by a ~15-25 bps impact of an asset sensitive core balance sheet, resulting in a medium-term NIM outlook of 3.25-3.40%. Assumes Fed Funds at ~5% by YE2024 and trending toward ~3.50% by YE2027",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4d5220a9-08d5-48f7-a1ed-9c46e0844932",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "NIM: 3.25-3.40%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-103f-77d9-80be-295e0b123907",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.9,
        "x": 0.05,
        "y": 0.95
      },
      "kind": "source-note",
      "text": "**Non-Core includes benefit from denominator effects which accounts for ~65% of the NIM tailwind by 4Q27",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "134aaf20-a961-4cd1-b4d2-5f2d9ab34313",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.35,
        "w": 0.28,
        "x": 0.05,
        "y": 0.28
      },
      "kind": "table",
      "text": "1Q24 NII contribution table showing Receive-fixed active swaps, Terminated swaps, Total swaps, Non-Core, Total NII, and Net NIM impact.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0367f85f-2150-47c4-97b5-08c653c6f191",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.28,
        "x": 0.05,
        "y": 0.68
      },
      "kind": "table",
      "text": "1Q24 to 4Q27 NIM Tailwind breakdown table.",
      "attrs": null,
      "subkind": "data",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "eb853c55-83f2-48b1-880f-e1d92969fd8e",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.9,
        "x": 0.05,
        "y": 0.02
      },
      "kind": "title",
      "text": "Significant NII contribution from Non-Core and swaps in 2025 and beyond given run off and lower rates",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "047f4683-e3b9-4e41-8a29-42fd5ddebb52",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Action Titles",
      "slug": "action-titles",
      "agent": "Architect",
      "layer": "slide",
      "matchId": "019dd95a-1970-727c-8b73-e0accbaa7025",
      "evidence": "Title states the forecast: 'Significant NII contribution from Non-Core and swaps in 2025 and beyond'",
      "confidence": 88
    },
    {
      "name": "Annotation",
      "slug": "annotation",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "019dd95a-1970-727c-8b73-e83d770aeee0",
      "evidence": "Net cumulative NIM impact (+~29 bps, +~57 bps, +~62 bps) annotated under each quarter",
      "confidence": 85
    },
    {
      "name": "Chart Selection Guide",
      "slug": "chart-selection-guide",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "019dd95a-1970-727c-8b73-e60e06578c3c",
      "evidence": "Stacked bar bridge across 4Q24-4Q27 with companion table — value-bridge style",
      "confidence": 80
    },
    {
      "name": "Von Restorff Effect",
      "slug": "von-restorff-effect",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "019dd95a-1970-727c-8b73-ed0292bfc5e6",
      "evidence": "Dashed green box highlights '~3.25-3.40%' medium-term range",
      "confidence": 70
    },
    {
      "name": "Waterfall chart",
      "slug": "waterfall-chart",
      "agent": null,
      "layer": "slide",
      "matchId": "ce17c7df-574d-4b6c-b58d-80b6e5bb8338",
      "evidence": "chart/bar-stacked: Expected incremental quarterly NII & NIM contribution from Non-Core and receive-fixed swaps portfolio relative to 1Q24",
      "confidence": 0.8
    }
  ],
  "frameworks": [
    {
      "name": "NIM/NII Value Bridge",
      "slug": null,
      "matchId": "019dd95a-1d21-7467-a465-f05ca63fe70c",
      "evidence": "Stacked-bar bridge decomposing NII drivers (terminated swaps, active swaps, Non-Core) over 4Q24-4Q27",
      "confidence": 65
    }
  ],
  "arcBeats": [],
  "loops": [
    {
      "to": 20,
      "from": 15,
      "name": "Zoom In",
      "slug": "06-zoom-in",
      "bestFor": "Technical deep-dives, case studies, detailed analysis",
      "matchId": "019dd95a-08f7-737a-a005-4b0f5f9561fa",
      "evidence": "Appendix sequence drilling from GAAP summary → underlying performance → NIM bridge → portfolio cuts",
      "position": 4,
      "objective": "Zoom into financial detail backing the main-body claims",
      "structure": "The Big Picture -> Key Area of Focus -> Specific Detail -> Implication",
      "confidence": 70,
      "description": "Start broad, then progressively focus on specific details that prove your point"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}