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    Dan Cardenas • Janney Montgomery Scott

    Dan Cardenas's questions to First Commonwealth Financial Corp (FCF) leadership

    Dan Cardenas's questions to First Commonwealth Financial Corp (FCF) leadership • Q2 2025

    Question

    Dan Cardenas of Janney Montgomery Scott focused on credit quality, asking about the new commercial floor plan non-accrual loan, its size relative to the total non-accrual portfolio, the health of the remaining portfolio, and its impact on the margin.

    Answer

    Chief Credit Officer Brian Sohocki clarified the loan represents just over 30% of non-accruals and that absent this loan and acquired NPLs, core credit metrics were stable. He confirmed it was a legacy FCF loan and an isolated event within a small, otherwise well-performing floorplan portfolio. CFO James Reske added that the reversal of interest upon moving the loan to non-accrual had a minor negative impact on the Q2 NIM, costing about one basis point.

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    Dan Cardenas's questions to Northwest Bancshares Inc (NWBI) leadership

    Dan Cardenas's questions to Northwest Bancshares Inc (NWBI) leadership • Q2 2025

    Question

    Dan Cardenas of Janney Montgomery Scott sought more detail on the quarter's increase in classified loans, specifically asking about the loan-to-values of the construction projects and whether the downgraded C&I loans were concentrated in any specific industry.

    Answer

    Chief Credit Officer Thomas Creal clarified the construction projects are multifamily properties with debt coverage ratios near 1-to-1 due to interest rate pressure, but noted they retain equity and strong sponsor support. He also stated there were no material industry concentrations among the C&I downgrades, though he mentioned one larger loan was in the electronics space.

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    Dan Cardenas's questions to Orrstown Financial Services Inc (ORRF) leadership

    Dan Cardenas's questions to Orrstown Financial Services Inc (ORRF) leadership • Q2 2025

    Question

    Dan Cardenas from Janney Montgomery Scott asked about commercial line utilization rates, the expected mix of future loan growth between CRE and C&I, the key factors for winning competitive deals, and the bank's readiness for another M&A transaction.

    Answer

    An executive noted that line utilization remains stable and modest. Senior EVP & COO Adam Metz stated the loan pipeline is well-mixed between C&I and CRE, and the bank has capacity for more CRE deals. Mr. Metz and President & CEO Thomas Quinn attributed their competitive success to a relationship-driven model that includes treasury management and wealth services, not just pricing. Regarding M&A, Mr. Quinn emphasized that any future deal would be driven by strategic value for shareholders, not ego, and that the bank is deliberate in its approach.

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    Dan Cardenas's questions to Peoples Bancorp Inc (PEBO) leadership

    Dan Cardenas's questions to Peoples Bancorp Inc (PEBO) leadership • Q2 2025

    Question

    Dan Cardenas of Janney Montgomery Scott inquired about the company's appetite for stock repurchases given current capital levels and the outlook for M&A, including potential targets and geographies.

    Answer

    CFO Katie Bailey stated that while they remain opportunistic with their active buyback plan, the priority is building capital. President & CEO Tyler Wilcox elaborated on the M&A strategy, emphasizing their 'strategic patience' to find a meaningful deal to cross the $10 billion asset threshold. He mentioned a preference for larger, in-market or adjacent market deals in states like Ohio, West Virginia, and Kentucky, and confirmed that conversations are ongoing.

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