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    Andrew Gorczyca

    Research Analyst at Piper Sandler

    Andrew Gorczyca is an Equity Research Analyst at Piper Sandler, beginning his role at the firm in March 2024 after previously serving as a Research Associate at D.A. Davidson & Co. from 2021 to 2024. He specializes in equity research with coverage focused on the financial sector, including companies such as Hilltop Holdings, as demonstrated by his participation in earnings calls and sector analysis. Gorczyca holds a business degree from the Leeds School of Business, earned in 2019, and brings a solid foundation in investment research to his current position. His professional credentials likely include FINRA registrations and relevant securities licenses, reflecting standard qualifications for analysts at major brokerage firms.

    Andrew Gorczyca's questions to Hilltop Holdings (HTH) leadership

    Andrew Gorczyca's questions to Hilltop Holdings (HTH) leadership • Q1 2025

    Question

    Andrew Gorczyca from Piper Sandler asked about deposit trends, questioning if the seasonal commercial deposit outflows seen in Q1 would reverse in Q2. He also inquired about the Structured Finance business, asking if increased TBA lock volumes signaled a potential rebound.

    Answer

    William Furr (executive) explained that after seasonal outflows in Q1 and further impacts from the April tax season, the bank generally sees core customer deposits begin to rebuild for the remainder of the year. Regarding Structured Finance, Furr indicated that a significant rebound would likely depend on additional state support for down payment assistance programs, with more clarity expected around mid-year when state budgets are deployed.

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    Andrew Gorczyca's questions to TRUSTMARK (TRMK) leadership

    Andrew Gorczyca's questions to TRUSTMARK (TRMK) leadership • Q4 2024

    Question

    Andrew Gorczyca of Piper Sandler & Co. followed up on capital priorities, asking which geographic regions present the most attractive opportunities for market expansion in 2025.

    Answer

    CEO Duane Dewey stated that organic loan growth is the top priority. For 2025, the most likely expansion strategy is adding production staff in existing markets, specifically highlighting Houston, South Alabama, Birmingham, and Atlanta. He also pointed to equipment finance as a key growth area and noted the long-term potential in the broader Tennessee and Texas footprint.

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    Andrew Gorczyca's questions to Stellar Bancorp (STEL) leadership

    Andrew Gorczyca's questions to Stellar Bancorp (STEL) leadership • Q3 2024

    Question

    Andrew Gorczyca of Piper Sandler questioned the expected run rate for purchase accounting accretion into 2025 and sought additional commentary on the M&A environment, particularly regarding targets with strong funding profiles.

    Answer

    CFO Paul Egge projected purchase accounting accretion to be around $7 million in Q4 and then decline, though it may be lumpy given the remaining $81 million discount. CEO Robert Franklin commented on M&A, stating that an administration change is unlikely to alter their strategy. He confirmed the bank is actively seeking a partner to gain scale and is focused on finding a franchise with a desirable funding profile, but noted the timing of any potential deal is uncertain.

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