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    Alexander Roberts Twerdahl

    Managing Director and Senior Equity Research Analyst at Piper Sandler

    Alexander Roberts Twerdahl is a Managing Director and Senior Equity Research Analyst at Piper Sandler, specializing in U.S. regional and community banks. He provides active coverage of financial institutions such as TrustCo Bank Corp NY, OFG Bancorp, and First BanCorp, consistently participating in their earnings calls and analyst events. Twerdahl began his equity research career at Sandler O'Neill before joining Piper Sandler and has established a reputation for in-depth analysis across the banking sector, although specific TipRanks or performance metrics are not publicly available. He is known to hold multiple securities licenses and is registered with FINRA, reflecting his professional credentials within investment banking research.

    Alexander Roberts Twerdahl's questions to FLIC leadership

    Alexander Roberts Twerdahl's questions to FLIC leadership • Q1 2024

    Question

    Asked about the long-term outlook for the commercial loan portfolio, expectations for overall loan growth versus amortization, the strategy for balance sheet restructuring given the capital position, potential for selling securities to boost NIM, and details on underwriting standards and NOI trends for the multifamily portfolio.

    Answer

    The bank aims for a more balanced loan portfolio with 25% in C&I, but this is a long-term goal. They expect low single-digit loan growth for the year, with the pipeline sufficient to offset payoffs. Balance sheet restructuring is continuously monitored, but current earn-back periods of 5-6 years are too long. There are no immediate plans to sell securities as the portfolio has low prepayments. For multifamily, NOIs are pressured by inflation, but their conservative underwriting (1.8x DSCR average) provides a significant cushion, with post-reset DSCRs expected to remain strong at around 1.4x.

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