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    Emily Lee

    regulated broker at Keefe, Bruyette & Woods, Inc.

    Emily Lee is an analyst at Keefe, Bruyette & Woods, Inc., specializing in equity research within the financial sector, with a particular focus on companies such as SoFi Technologies. She has contributed to positive coverage and analysis of these firms, co-authoring actionable research insights for institutional investors and the broader market. Lee holds active FINRA registration and is a regulated broker at KBW, demonstrating compliance with industry standards and likely holding securities licenses such as the Series 7 and 63. Her career at KBW has been marked by rigorous equity research and sound professional credentials, ensuring high-quality analysis for clients.

    Emily Lee's questions to CIVISTA BANCSHARES (CIVB) leadership

    Emily Lee's questions to CIVISTA BANCSHARES (CIVB) leadership • Q1 2025

    Question

    Emily Lee from Keefe, Bruyette & Woods, Inc. (KBW) inquired about the bank's deposit repricing strategy in a hypothetical scenario with no Fed rate cuts and asked for an outlook on credit quality amidst macroeconomic uncertainty.

    Answer

    CFO Ian Whinnem explained that without rate cuts, the bank expects to reprice $100-$140 million in retail CDs per quarter, picking up 10-15 bps on renewals. He noted their strategy of placing the highest rates on shorter-term CDs for protection. He also mentioned the upcoming digital account opening platform is expected to raise organic deposits, allowing them to pay down more expensive funding. Regarding credit, management expressed confidence, highlighting that delinquencies are down, the allowance is healthy at 1.30%, and the overall credit picture is stable.

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