Sign in

    John Rodis

    Director and Equity Research Analyst at Janney Montgomery Scott LLC

    John Rodis is a Director and Equity Research Analyst at Janney Montgomery Scott LLC, specializing in the coverage of banks and thrifts with a particular focus on the Midwest region. He follows companies such as Cadence Bank and Stellar Bancorp, and has established a track record for in-depth sector analysis and actionable investment recommendations. With over 22 years of experience, Rodis began his career as a Research Analyst at Stifel Nicolaus, later advancing to Vice President of Research at Howe Barnes Hoefer & Arnett and then Senior Vice President at FIG Partners LLC before joining Janney in 2019. He holds a B.S. in Finance from the University of Missouri, St. Louis, an M.B.A. from St. Louis University, and is registered with FINRA.

    John Rodis's questions to Stellar Bancorp (STEL) leadership

    John Rodis's questions to Stellar Bancorp (STEL) leadership • Q2 2025

    Question

    John Rodis of Janney Montgomery Scott asked for clarification on the other income line, questioning if the Q2 2025 level, which was boosted by a new Fed dividend, is a sustainable run rate for the second half of the year.

    Answer

    Executive Chairman & CEO Robert Franklin explained that while some components of other income can be lumpy, the key driver of the increase from Q1 to Q2 was the new Federal Reserve Bank dividend. He confirmed that this dividend is an ongoing benefit that will continue in perpetuity, suggesting a new, higher baseline for that income line.

    Ask Fintool Equity Research AI

    John Rodis's questions to Stellar Bancorp (STEL) leadership • Q4 2024

    Question

    John Rodis inquired about the expected trend for the securities portfolio in 2025, the outlook for the provision for credit losses, and what management considers a normalized net charge-off rate for the company.

    Answer

    CFO Paul Egge explained that the bank aims to keep its securities portfolio around 15-16% of the balance sheet. He stated the 2025 provision would cover loan growth relative to charge-offs, with an assumption of some credit normalization. For a normalized net charge-off rate, he indicated that while the bank has a history of low charge-offs, consensus expectations in the mid-teens (around 16 bps) are a prudent assumption.

    Ask Fintool Equity Research AI

    John Rodis's questions to GREAT SOUTHERN BANCORP (GSBC) leadership

    John Rodis's questions to GREAT SOUTHERN BANCORP (GSBC) leadership • Q2 2025

    Question

    John Rodis asked for clarification on the sustainability of rental income from Other Real Estate Owned (OREO). He also analyzed the net interest margin (NIM), asking about the core margin outlook after accounting for interest recoveries, a sub-debt redemption, and the upcoming termination of an interest rate swap.

    Answer

    CFO Rex Copeland confirmed the year-over-year change in OREO expense was due to having income this quarter versus expenses last year, with no specific catch-up payment. CEO Joseph Turner added that future income depends on the property's rent roll. Regarding the NIM, Turner described the outlook as "pretty neutral with a slight tailwind" before the swap termination creates a headwind in Q4. Copeland noted potential positives from repricing maturing time deposits but reiterated the significant negative impact of the swap termination in Q4.

    Ask Fintool Equity Research AI

    John Rodis's questions to GREAT SOUTHERN BANCORP (GSBC) leadership • Q4 2024

    Question

    John Rodis inquired about the source of the linked-quarter increase in the 'other income' line item within fee income. He also asked for additional details on the single property that was moved to Other Real Estate Owned (OREO), specifically its location and market status.

    Answer

    Executive Joseph Turner explained that the increase in other income was primarily due to a $268,000 upfront fee from a back-to-back swap with a loan customer, noting it's a part of their business but not a regularly recurring event. Regarding the OREO, Turner identified it as an office property in Clayton, St. Louis, which he described as the strongest submarket in the area. He added that the bank is not in a hurry to sell the property as it is currently generating positive cash flow.

    Ask Fintool Equity Research AI

    John Rodis's questions to GREAT SOUTHERN BANCORP (GSBC) leadership • Q3 2024

    Question

    John Rodis questioned the low volume of share repurchases during the quarter, asking if it was a function of stock price. He also asked for CEO Joe Turner's big-picture thoughts on potential expansion into new markets or the company's appetite for M&A.

    Answer

    CEO Joseph Turner confirmed that the reduced buyback activity was primarily due to the stock's higher price during the quarter. CFO Rex Copeland added that they also took the opportunity to build their capital position. Regarding expansion, Turner stated that while no new loan production offices are on the drawing board, they are always open to the right opportunity. He expressed caution on whole-bank M&A, preferring to be selective, but did not rule it out entirely.

    Ask Fintool Equity Research AI

    John Rodis's questions to LANDMARK BANCORP (LARK) leadership

    John Rodis's questions to LANDMARK BANCORP (LARK) leadership • Q4 2024

    Question

    Asked about the CEO's big-picture strategic focus for 2025, the company's perspective on M&A in the near term, and the specific amount of the bank-owned life insurance (BOLI) benefit recorded in the quarter.

    Answer

    The CEO's focus for 2025 is on investing in internal infrastructure to enhance the associate and customer experience. Regarding M&A, the company hopes to be a partner of choice for other banks, particularly in Kansas, and is working on improving its own performance metrics to make its stock an attractive currency for deals. The BOLI benefit was a little over $700,000 due to a death benefit.

    Ask Fintool Equity Research AI

    John Rodis's questions to LANDMARK BANCORP (LARK) leadership • Q4 2024

    Question

    John Rodis asked about CEO Abigail Wendel's strategic focus for 2025, the company's stance on M&A, and the specific amount of the bank-owned life insurance (BOLI) benefit recorded in the quarter.

    Answer

    CEO Abigail Wendel explained her primary focus for 2025 is investing in the company's infrastructure to improve the associate and customer experience, and better harnessing data. On M&A, she expressed a desire for it to play a role, aiming to improve fundamentals like the efficiency ratio to be an attractive partner, particularly within Kansas. CFO Mark Herpich clarified that the BOLI income included a death benefit of over $700,000.

    Ask Fintool Equity Research AI

    John Rodis's questions to First Internet Bancorp (INBK) leadership

    John Rodis's questions to First Internet Bancorp (INBK) leadership • Q4 2024

    Question

    John Rodis asked for clarification on the expected tax rate for 2025 and whether the 9-12% fee income growth guidance was based on a 2024 number that included or excluded the quarter's one-time gains.

    Answer

    Executive Kenneth Lovik provided a 2025 tax rate outlook, projecting it would start around 9% in Q1 and rise to 16-17% by Q4, for an annual average of 13-14%. He also confirmed that the 9-12% non-interest income growth guidance for 2025 should be calculated from a 2024 base that excludes the $4.7 million in one-time gains on FHLB advance repayments.

    Ask Fintool Equity Research AI

    John Rodis's questions to INDEPENDENT BANK CORP /MI/ (IBCP) leadership

    John Rodis's questions to INDEPENDENT BANK CORP /MI/ (IBCP) leadership • Q3 2024

    Question

    John Rodis of Janney Montgomery Scott LLC asked for specifics on the securities portfolio, including expected maturities for Q4 2024 and full-year 2025, and sought confirmation of the bank's long-term target for the securities-to-assets ratio.

    Answer

    EVP and CFO Gavin Mohr provided the figures, projecting approximately $25 million in securities maturities in Q4 2024 and around $120 million for the full year 2025, which is primarily from MBS amortization. He also confirmed that the bank's long-term target for the securities-to-assets ratio remains in the 12% to 15% range.

    Ask Fintool Equity Research AI

    John Rodis's questions to UNITED BANKSHARES INC/WV (UBSI) leadership

    John Rodis's questions to UNITED BANKSHARES INC/WV (UBSI) leadership • Q3 2016

    Question

    John Rodis of FIG Partners inquired about a minor credit quality migration, the drivers of the loan loss provision, and the company's capital deployment strategy regarding share buybacks versus M&A.

    Answer

    President and CEO Rex Smith clarified that the credit migration to substandard was an isolated event involving two specific loans and that the loan loss provision was primarily driven by strong loan growth. Regarding capital, Smith emphasized a preference for preserving capital for potential M&A opportunities in a favorable market over initiating share buybacks, aiming to maximize long-term shareholder value.

    Ask Fintool Equity Research AI