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    Casey Whitman

    Managing Director and Senior Equity Research Analyst at Piper Sandler

    Casey Orr Whitman is a Managing Director and Senior Equity Research Analyst at Piper Sandler, specializing in the financial sector with an emphasis on regional and community banks. She covers a diverse portfolio of companies, including Eagle Bancorp (EGBN), and has built a strong reputation for her research quality, evidenced by a 65% success rate and an average return per recommendation of 13.6%. Whitman began her research career prior to joining Piper Sandler, where she has held leadership roles through the firm's evolution and predecessor institutions, and she most recently transitioned from Managing Director at Piper Sandler to a new position at Orr Group. Her professional credentials include extensive FINRA registration and securities licenses, marking her as a highly credentialed and experienced equity analyst in the financial services industry.

    Casey Whitman's questions to SASR leadership

    Casey Whitman's questions to SASR leadership • Q1 2024

    Question

    Inquired about the potential impact of Fed rate cuts on the net interest margin, the repricing dynamics of the securities portfolio, and the company's current stance on share buybacks.

    Answer

    Management stated that with rate cuts, they expect margin improvement of about 10 basis points per quarter for each 25 bps cut. The securities portfolio has $15M-$20M repricing monthly from low-2% yields to new yields near 6%. Regarding buybacks, while they make sense at the current stock price, the company is prioritizing capital preservation due to market uncertainty and is not planning to be active in the immediate future.

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