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    Eric Longach

    Research Analyst at Cygnus Capital

    Eric Longach is an analyst at Cygnus Capital, an alternative asset manager based in Atlanta that specializes in distressed, special situations, and opportunistic debt and equity investments. Despite a thorough search, public information about his exact job title, company coverage, performance metrics, and career credentials is not currently available from Cygnus Capital’s own materials or other reputable business information platforms. His professional background, prior experience, and regulatory credentials could not be verified as of this review. As such, further details about Eric Longach’s analyst role and track record remain unavailable.

    Eric Longach's questions to Bancorp (TBBK) leadership

    Eric Longach's questions to Bancorp (TBBK) leadership • Q2 2025

    Question

    Eric Longach of Cygnus Capital questioned the outlook for the ~$1.4 billion in 'Rebel' portfolio loans maturing within a year, the reasons for the sequential rise in non-accrual loans despite prior commentary, the justification for a higher appraisal on the Aubrey property, and the accounting treatment for the disputed earnest money deposit.

    Answer

    CEO Damian Kozlowski responded that the bank has high visibility into the maturing Rebel loans and is comfortable extending performing loans for sponsors. He attributed the rise in non-accruals to a surprise failure of the Aubrey property sale and a prudent reclassification of another loan, not a systemic issue. He explained the higher Aubrey appraisal was due to significant property improvements and increased occupancy. Regarding the earnest money, he clarified it has not been recognized as income yet due to the dispute but the company expects to collect it.

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