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    Brandon King • Truist Securities, Inc.

    Brandon King's questions to Ameris Bancorp (ABCB) leadership

    Brandon King's questions to Ameris Bancorp (ABCB) leadership • Q3 2024

    Question

    Brandon King of Truist Securities asked for the specific deposit beta assumption in the NIM forecast, the outlook for mortgage gain-on-sale margins, and whether higher capital levels signal a greater openness to M&A in 2025.

    Answer

    Executive Nicole Stokes stated the model assumes a 55% deposit beta on the way down. CEO H. Proctor expects the mortgage gain-on-sale margin to rebound towards its guided range next quarter. He clarified that while capital provides optionality, the primary focus remains on organic growth, and any M&A would have to be a "very special" opportunity.

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    Brandon King's questions to Synovus Financial Corp (SNV) leadership

    Brandon King's questions to Synovus Financial Corp (SNV) leadership • Q3 2024

    Question

    Brandon King of Truist Securities inquired about Synovus's net interest margin (NIM) expectations beyond Q4 2024, particularly in a protracted easing cycle, and sought commentary on the confidence in maintaining net charge-offs within the guided range.

    Answer

    Chief Financial Officer Jamie Gregory explained that while the NIM is expected to be stable in the near term, it should expand once the easing cycle concludes due to the repricing of fixed-rate assets. An executive, Bob Derrick, affirmed confidence in the 25 to 35 basis point net charge-off guidance range, noting the recent quarter was at the low end of that range.

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    Brandon King's questions to Columbia Banking System Inc (COLB) leadership

    Brandon King's questions to Columbia Banking System Inc (COLB) leadership • Q2 2024

    Question

    Brandon King of Truist requested further details on the scope and findings of the bank's targeted credit reviews, including appraisal practices, and asked for an outlook on core fee income momentum.

    Answer

    Chief Credit Officer Frank Namdar reported no surprises from the credit reviews, highlighting the strong performance of the commercial real estate portfolio and proactive management of repricing risk. He clarified that formal reappraisals are not standard but internal valuations are updated using current rent rolls. President of Commercial Banking Torran Nixon noted strong fee income growth, up 7% QoQ and 14% YoY in key categories, driven by treasury management, commercial card, and other services, with a strong pipeline. President of Consumer Banking Christopher Merrywell added that wealth management and merchant services are also contributing positively.

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    Brandon King's questions to Banc of California Inc (BANC) leadership

    Brandon King's questions to Banc of California Inc (BANC) leadership • Q2 2024

    Question

    Brandon King of Truist Securities, Inc. asked about the key variables for the Q4 net interest margin (NIM) guidance, the primary drivers of the expected decline in cost of funds, and the potential earn-back period for a securities restructuring.

    Answer

    CFO Joe Kauder stated the NIM guidance range reflects market uncertainty, with potential upside from faster NIB growth or accelerated rate cuts. He clarified the expected cost of funds decline is mainly driven by balance sheet actions, such as paying down expensive funding with CIVIC sale proceeds, rather than relying on rate cuts. CEO Jared Wolff and Kauder estimated a securities restructuring earn-back period of just over two years, emphasizing the goal of achieving permanent profitability enhancements.

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