Posts by Matthew Stichnoth
Tom Brown’s Banking Weekly 8/25/23
–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. VIII, No. 34 TOM BROWN’S BANKING WEEKLY: 8/25/23 Financial Services Insights and Intelligence FIRST WORD: Is Equity Bancshares entering Phase IV of growth? Equity Bancshares is a $5 billion Wichita, Kansas-based banking company that was founded in 2002 by its CEO, Brad Elliott. Elliott has…
Read MoreTom Brown’s Banking Weekly 8/16/23
–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. VIII, No. 33 TOM BROWN’S BANKING WEEKLY: 8/16/23 Financial Services Insights and Intelligence FIRST WORD: It’s “Go Time” for Encore Capital. Encore Capital is one of the two largest debt collectors in the U.S. The pandemic-related government support programs caused a surge of…
Read MoreTom Brown’s Banking Weekly 8/11/23
–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. VIII, No. 32 TOM BROWN’S BANKING WEEKLY: 8/11/23 Financial Services Insights and Intelligence FIRST WORD: Steady as she goes at Bank of Hawaii. I have had a high level of interest in the Hawaiian banking market over the years, as I’ve thought the…
Read MoreTom Brown’s Banking Weekly 8/4/23
–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. VIII, No. 31 TOM BROWN’S BANKING WEEKLY: 8/4/23 Financial Services Insights and Intelligence FIRST WORD: First Commonwealth Financial: Banking is not rocket science. A couple months ago, a screen I was doing turned up Indiana, Penn.-based First Commonwealth Financial Corp. After briefly looking at…
Read MoreTom Brown’s Banking Weekly 7/28/23
–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. VIII, No. 30 TOM BROWN’S BANKING WEEKLY: 7/28/23 Financial Services Insights and Intelligence FIRST WORD: Ally was first in and will be first out of the rate cycle. Ally Financial has been through a remarkably positive business transformation over the last decade, but it…
Read MoreTom Brown’s Banking Weekly 7/21/23
–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. VIII, No. 29 TOM BROWN’S BANKING WEEKLY: 7/21/23 Financial Services Insights and Intelligence FIRST WORD: Citigroup is broken, has been broken for 40 years, but can be fixed. When I started covering banks in 1980, Citicorp, as it was then known, was the…
Read MoreTom Brown’s Banking Weekly 7/14/23
–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. VIII, No. 28 TOM BROWN’S BANKING WEEKLY: 7/14/23 Financial Services Insights and Intelligence FIRST WORD: Better understanding the changes in deposits, with charts. The pandemic led to a partial shutdown of the economy and massive fiscal and monetary measures to offset it—all of which…
Read MoreTom Brown’s Banking Weekly 7/7/23
–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. VIII, No. 27 TOM BROWN’S BANKING WEEKLY: 7/7/23 Financial Services Insights and Intelligence FIRST WORD: Investor skepticism surrounds Metropolitan Commercial Bank. Metropolitan Commercial Bank was founded in June of 1999, came public in 2017, and has enjoyed great success as a growth-orientated commercial bank.…
Read MoreTom Brown’s Banking Weekly 6/30/23
–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. VIII, No. 26 TOM BROWN’S BANKING WEEKLY: 6/30/23 Financial Services Insights and Intelligence FIRST WORD: New York Community Bancorp suddenly finds itself in the catbird seat. A year ago at this time, you would have been forgiven for feeling a little sorry for New…
Read MoreTom Brown’s Banking Weekly 6/23/23
–Copyrighted Material; Do Not Forward, Photocopy, or Redistribute In Any Way– Vol. VIII, No. 25 TOM BROWN’S BANKING WEEKLY: 6/23/23 Financial Services Insights and Intelligence FIRST WORD: Excessive fear and confusion about bank funding. The maximum pressure on bank net interest margins and earnings has passed (that is not margins have bottomed), but that won’t…
Read More