Sign in

    Alex Twerdahl

    Research Analyst at Piper Sandler

    Alex Twerdahl most recently served as Managing Director and Senior Research Analyst at Piper Sandler, specializing in the coverage of publicly traded U.S. regional and community banks and specialty finance companies. Over his tenure, he provided investment research on companies such as Community Bank System and was recognized for his strong performance, achieving up to a 100% success rate with an average return exceeding 23% on his investment calls. Twerdahl's career at Piper Sandler spanned more than 18 years, where he progressed into senior leadership within financial services equity research before joining Butterfield in 2024 to lead Strategy and Corporate Development. He holds an undergraduate degree in Physics and Mathematics from Hamilton College and possesses professional credentials in research analysis, with a record of covering financial institutions and maintaining a solid performance ranking among Wall Street analysts.

    Alex Twerdahl's questions to EVBN leadership

    Alex Twerdahl's questions to EVBN leadership • Q4 2023

    Question

    Asked about the strategy behind the size of the securities restructure, the primary capital metric being monitored, the drivers behind the loan growth forecast, and whether M&A is being considered as a use of capital.

    Answer

    The securities restructure was sized to maintain desired capital levels, with the Tier 1 leverage ratio (targeted near 10%) being the key metric. The 4% loan growth forecast reflects lower C&I line utilization and a focus on credit quality. New loan yields are strong. M&A is being considered among other opportunities for capital deployment.

    Ask Fintool Equity Research AI

    Alex Twerdahl's questions to EVBN leadership • Q3 2023

    Question

    Inquired about the Net Interest Margin (NIM) trajectory, including loan yield assumptions and when the NIM might bottom out. Also asked about potential balance sheet restructuring strategies and requested details on a specific credit that led to an interest income reversal.

    Answer

    The recent quarterly increase in loan yields is a reasonable expectation going forward. The NIM is expected to see moderation in the second quarter of 2024, but this is subject to competitive pressures. While all balance sheet strategies like restructuring are continuously reviewed, nothing is planned immediately. The credit issue involved a loan dependent on government reimbursement that was already nonperforming; it was moved to nonaccrual status due to the extended time for resolution, which is why it didn't change NPL totals.

    Ask Fintool Equity Research AI

    Alex Twerdahl's questions to FLIC leadership

    Alex Twerdahl's questions to FLIC leadership • Q4 2023

    Question

    Inquired about the outlook for loan growth in 2024, the yield on the current loan pipeline, the company's strategy for the dividend, the conditions for resuming share buybacks, and requested details on the recent increase in non-performing loans.

    Answer

    The company expects low single-digit loan growth in 2024, with new loan yields around 7%. The dividend is reviewed quarterly and the commitment to pay it continues, though it was held flat last year. Share buybacks will be considered based on capital levels and earnings. The increase in NPLs was primarily due to one C&I relationship that has been mostly charged off.

    Ask Fintool Equity Research AI

    Alex Twerdahl's questions to First Bancorp, Inc /ME/ (FNLC) leadership

    Alex Twerdahl's questions to First Bancorp, Inc /ME/ (FNLC) leadership • Q2 2016

    Question

    Alex Twerdahl of Sandler O'Neill & Partners, L.P. inquired about the dollar amount of early-stage delinquencies, the sufficiency of the Florida loan pipeline to offset Puerto Rico runoff, whether the stronger Puerto Rico pipeline was linked to PROMESA, and the process behind recent capital actions with regulators.

    Answer

    CEO Aurelio Aleman and CFO Orlando Berges confirmed early-stage delinquencies were approximately $212 million, down from $245 million in the prior quarter. They noted that while loan prepayments have been a headwind, origination pipelines in Florida remain strong and are improving in Puerto Rico due to reduced uncertainty post-PROMESA. Regarding regulatory interactions on capital actions, Mr. Aleman stated that discussions are confidential but they continue to make progress toward returning capital to shareholders.

    Ask Fintool Equity Research AI