Lauren Ohnesorge’s Post

River City Bank: Thinking big while staying grounded! 💸 💼 Experiencing rapid growth in recent years, the bank's commercial real estate loans now make up 660% of its capital. With the level of market downturn, banks are facing challenges in refinancing, especially in California's office markets which have been impacted by the pandemic. Michael Imerman, faculty director of the master of finance program here at the Merage School of Business, warns that "small banks cater to a specific clientele and that can lead to an age-old problem: concentration risk". #UCIMerage Read more here: https://bit.ly/3W3Tqft

📈📉 Since New York Community Bank (NYCB) announced a 2.4 billion reduction in earnings due to a poor loan review process and other issues, its shares have experienced significant fluctuations. 🏢 #NYCB's growth trajectory, fueled by acquisitions like Flagstar Bank and assets from Signature Bank, underscores its ambition in the banking landscape. However, challenges persist, notably in its commercial real estate mortgage portfolio, impacted by shifting market dynamics. 🔍 According to Professor Michael Imerman on Newsday Media Group, NYCB grew its mortgage portfolio too rapidly: “[NYCB] maybe got too big for its britches.” Although he and other investors are alarmed by their lack of oversight, Imerman assures depositors of the safety of their FDIC accounts. 💰 #UCIMerage Read more about the future of NYCB: https://bit.ly/43b0dpd

Eagle Bancorp Inc. is proud to announce strategic steps to support future growth, including a five-year senior debt transaction totaling $77.7 million and a recalibrated dividend plan for the third quarter of 2024. Over the past 18 months, the Company has enhanced its senior management team, taken steps to grow deposits and improve the quality of its funding profile, added to its allowance for credit losses, and expanded the granularity of its CRE office disclosure. These capital actions reflect our commitment to long-term success and the confidence our investors place in us. Read the full press release to learn more about our path forward: https://lnkd.in/esaQg-MX MEMBER FDIC #EagleBank #GrowthStrategy #CommunityBanking #FinancialSuccess #CorporateFinance #InvestmentStrategy #BusinessGrowth #CapitalMarkets

Regarding branches from Five Points this month: George Gleason of Bank OZK is highly intelligent, has good ideas, and I recently got to speak with him for a session. One of the things Gleason is doing is opening 20 branches next year. He acts like this is just something bankers do, as if it’s 1995. It was perplexing but he explains his branches have multiples more customer activity today than in years past despite less staff. Only recently have his branches become “fully utilized”. Jamie Dimon at JP Morgan speaks similarly, with a focus of branches acting as small office buildings where his bankers start the day before calling on customers. Tom Broughton at high-performing Servisfirst (SFBS) is following suit. The banks closing branches are a who’s who of “easiest to compete against” including Truist, US Bancorp and Wells. The fulcrum seems to be that the best banks have something to do - differentiated products to sell, superior bankers that want to work for them, better strategies for gather deposits. Those require branches. Banks with weaker strategic outlooks don’t need the space.

We know Community Banks work hard in the communities we live in, that hard work shows through our clients satisfication. According to the Federal Reserve’s Small Business Credit Survey: Report on Employer Firms, community banks are the small business lender of choice. 81% of community bank loan applicants were satisfied with their experience, compared with 68% at large banks, 62% at finance companies, and 48% at online lenders. Community banks’ net satisfaction score of 77% topped large banks by 15 points, finance companies by 25 points, and online lenders by 48 points. CollinHiggins@arborbanking.com arborbanking.com

Berkshire Hathaway has sold over $3.8 billion in Bank of America shares since mid-July, adjusting its stake in the bank. Despite these sales, Berkshire remains the largest shareholder, holding a significant stake valued at approximately $37.2 billion. This move aligns with Bank of America's stock price surge, reflecting a profitable investment strategy for Berkshire Hathaway. Click to know more- https://lnkd.in/dPTQ73aK #Urbananews #Canada #BerkshireHathaway #BankofAmerica #Finance #Investing #WarrenBuffett #StockMarket #FinancialNews

The Bank of Butterfield saw its net income drop by 17% from $60 million to $50.6 million in the second quarter as net interest income fell and remuneration expenses rose. Michael Collins, chairman and chief executive officer, said: “During the second quarter of 2024, Butterfield continued to deliver strong returns with sustainable non-interest income, disciplined expense management, a stable balance sheet, and a conservative credit profile." Read more on the story here: https://ow.ly/ON7g50SJ6mH #FinancialUpdate #EconomicOutlook

**Surviving Financial Distress: The Story of New York Community Bancorp** *Summary:* New York Community Bancorp (NYCB), a leading regional bank specializing in lending to New York City landlords, has found itself in a state of severe financial distress. Back in 2021, there was immense optimism surrounding the potential merger between NYCB and Flagstar, with NYCB's very own Thomas Cangemi expressing his enthusiasm. However, fast forward three years, and the bank continues to struggle. But fear not! As a veteran Investment Advisor, I'm here to shed some light on this situation and provide guidance for HSA investors. While NYCB's current situation may seem daunting, it's crucial to remember that investment opportunities arise from even the most challenging circumstances. By analyzing NYCB's financials, industry trends, and market conditions, we can uncover potential strategies to navigate this turbulence successfully. As an investment advisor, my goal is to empower you to take advantage of the market fluctuations and turn them into profitable opportunities. So, let's dive into the details, evaluate the risks and rewards, and make informed decisions that align with your long-term financial goals. Don't let the Fear of Missing Out (FOMO) dictate your actions. Take charge of your HSA investments, ensuring the growth and security of your health and wellness future, as well as that of your family. #hsa #investing #healthcare #health #family #wellness 💼📈💪🔍🌱💰

In 1984, the world was in the throes of the Cold War and movies like "Ghostbusters" and "Indiana Jones and the Temple of Doom" were box office hits. It was also the year Stan Sayler started his career with Security Bank of Hebron, serving the communities of Hebron and Taylor. The banking industry in 1984 was vastly different from what it is today. The prime interest rate in the United States was a staggering 10.75% with a 30-year fixed mortgage around 13.88%, figures that seems almost unimaginable today. Since 1984, the banking industry has significantly changed, including the rise of online banking, mobile payments, and the implementation of stricter regulations. Stan has been instrumental in navigating Dakota Community Bank & Trust through these seismic shifts and storms for the past 40 years. Today, Dakota Community Bank & Trust operates 13 branches and employs over 200 employees. This growth and success would not have been possible without Stan's unwavering commitment to the bank. Today, we acknowledge his significant contributions and thank him for his years of experience and leadership. Cheers to 40 years of success and headaches!

Penns Woods Bancorp, Inc. (NASDAQ: PWOD) reported net income of $9.2 millionfor the six months ended June 30, 2024, with basic and diluted earnings per share of $1.22. Key highlights include:- Net income for Q2 2024 was $5.4 million, up from $4.2 million in Q2 2023 - Net interest income increased by $1.1 million and $577,000 for the three and six-month periods - Net interest margin rose to 2.83% in Q2 2024, a 14 basis point increase from Q1 2024 - Annualized return on average assets was 0.97% for Q2 2024 - Total assets increased to $2.2 billion, up $99.3 million from June 30, 2023 - Net loans grew by $97.2 million to $1.9 billion - Deposits increased by $94.3 million to $1.6 billion - Shareholders' equity rose by $22.7 million to $197.1 million