I have absolutely no doubt that Tony Banks is a musical genius. His work with Genesis alone demonstrates that fact.
But Bankstatement is largely drivel from a man clearly attempting to be something he is not - commercial. The lyrics are dreadful by any standards, let alone Banks's, full of cliches and cheesy rhymes: 'I'd give it up for you/What else can I do/I'm waiting just for you' (from I'll Be Waiting), 'Now it's all because of you/That I don't know what to do' (from That Night). These are cringemaking depths that even Phil Collins during his commercial peak in the mid-80s would not stoop to!
And musically it is uninspired, and could have been written by any average songwriting pretender. The opening track 'Throwback' is lyrically an exception, telling the tale of a man who feels he has been born into the wrong timezone and cannot fit in with modern times. Musically though it is just average AOR, possibly influenced by Michael Jackson's 'Billy Jean'.
If you want to hear this songwriter outside of Genesis at his most creative then check out 'A Curious Feeling', which although very bland in terms of production (no doubt due to a limited budget in the pre-Farm days) demonstrates some fine writing and playing in the style to which Genesis/Banks fans have become accustomed, ie. big orchestral, romantic chord movements with fine keyboard solos.
As for Bankstatement, I think a more apt title would be Bankrupt.