Posts by Matthew Stichnoth
Tom Brown’s Banking Weekly 2/2/24
–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. IX, No. 5 TOM BROWN’S BANKING WEEKLY: 2/2/24 Financial Services Insights and Intelligence FIRST WORD: Thoughts on bank acquisitions you didn’t hear at AOBA. BankDirector held its annual Acquire or be Acquired conference this week in Phoenix. I was in the area but didn’t want…
Read MoreTom Brown’s Banking Weekly 1/26/24
–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. IX, No. 4 TOM BROWN’S BANKING WEEKLY: 1/26/24 Financial Services Insights and Intelligence FIRST WORD: Light on the horizon at M&T. Last week, M&T Bank reported its fourth-quarter earnings, and I had a followup call with CFO Daryl Bible last Friday. It seems like I…
Read MoreTom Brown’s Banking Weekly 1/19/24
–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. IX, No. 3 TOM BROWN’S BANKING WEEKLY: 1/19/24 Financial Services Insights and Intelligence FIRST WORD: PNC’s Bill Demchak spices up an earnings call. After Bill Demchak became CEO of PNC Financial in 2011, it didn’t take long to see that he has some…
Read MoreTom Brown’s Banking Weekly 1/12/24
–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. IX, No. 2 TOM BROWN’S BANKING WEEKLY: 1/12/24 Financial Services Insights and Intelligence FIRST WORD: The WSJ says value investing is dead? Not really, but . . . Last weekend, the Wall Street Journal ran a story with the headline “Can Charlie Munger’s Investing…
Read MoreTom Brown’s Banking Weekly 1/5/24
–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. IX, No. 1 TOM BROWN’S BANKING WEEKLY: 1/5/24 Financial Services Insights and Intelligence FIRST WORD: The return-to-work battle continues. This is the third consecutive January where CEOs of large companies are vowing to bring a higher percentage of their work force back into the…
Read MoreTom Brown’s Banking Weekly 12/22/23
–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. VIII, No. 50 TOM BROWN’S BANKING WEEKLY: 12/22/23 Financial Services Insights and Intelligence FIRST WORD: Western Alliance has had a heck of a year. Given the banking industry’s March Madness, it has been a very interesting year for most regional banks, and more…
Read MoreTom Brown’s Banking Weekly 12/15/23
–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. VIII, No. 49 TOM BROWN’S BANKING WEEKLY: 12/15/23 Financial Services Insights and Intelligence FIRST WORD: Enova is not your father’s subprime lender. Enova is a non-prime small-business and consumer lender with $3.1 billion in receivables. It operates nothing like the go-go subprime home equity, auto,…
Read MoreTom Brown’s Banking Weekly 12/8/23
–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. VIII, No. 48 TOM BROWN’S BANKING WEEKLY: 12/8/23 Financial Services Insights and Intelligence FIRST WORD: The Bancorp is still knocking the cover off the ball. The investment partnership I manage has had some ownership level in Bancorp for over ten years. The first few years…
Read MoreTom Brown’s Banking Weekly 12/1/23
–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. VIII, No. 47 TOM BROWN’S BANKING WEEKLY: 12/1/23 Financial Services Insights and Intelligence FIRST WORD: Questions from the board and senior management of First Busey Bank. On Wednesday, I travelled to the headquarters of $13 billion First Busey Bancorp in Champaign, Illinois. The plan…
Read MoreTom Brown’s Banking Weekly 11/17/23
–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. VIII, No. 45 TOM BROWN’S BANKING WEEKLY: 11/17/23 Financial Services Insights and Intelligence FIRST WORD: How the largest U.S. banks became leaders in retail banking. The gradual deregulation of the U.S. banking industry began in 1980 with the Depository Institutions Deregulation and Monetary Control…
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