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    Jon Rau

    Managing Director and Senior Equity Research Analyst at Barclays

    Jon Rau is a Managing Director and Senior Equity Research Analyst at Barclays, focusing on the coverage of specialty finance and fintech companies such as LendingClub, Upstart, and SoFi Technologies. He has developed a strong reputation for insightful analysis, ranking highly on industry platforms for the accuracy of his stock recommendations and maintaining a success rate of around 64% with an average annualized return above 11% according to TipRanks. Rau began his financial career in the early 2000s, previously holding positions at Credit Suisse and Susquehanna International before joining Barclays in 2016, where he quickly rose to a senior analytical role. Holding FINRA Series 7, 63, 86, and 87 licenses, Jon Rau is recognized for his in-depth research and impactful investment calls across the specialty finance sector.

    Jon Rau's questions to VALLEY NATIONAL BANCORP (VLY) leadership

    Jon Rau's questions to VALLEY NATIONAL BANCORP (VLY) leadership • Q2 2025

    Question

    Jon Rau, on behalf of Jared Shaw at Barclays, asked about the competitive environment in New Jersey and any shift in customer sentiment versus New York due to the mayoral race. He also inquired about the expected CRE runoff headwind in 2026 and the potential for total loan growth that year.

    Answer

    Chairman & CEO Ira Robbins noted a 'wait and see' approach from clients active in both NJ and NY, but long-term investors may see opportunity in New York. SEVP & CFO Travis Lan added that the NY C&I pipeline remains robust. For 2026, Lan anticipates CRE balances will stabilize by year-end 2025 and will not be a headwind, potentially growing in the low single digits. While not providing formal guidance, he suggested that neutralizing the 2025 CRE runoff could lead to total loan growth closer to 5% in 2026.

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    Jon Rau's questions to VALLEY NATIONAL BANCORP (VLY) leadership • Q2 2025

    Question

    Jon Rau, on behalf of Jared Shaw at Barclays, asked about the competitive dynamics and customer sentiment in New Jersey versus New York, especially considering the NYC mayoral race. He also inquired about the outlook for CRE loan runoff and total loan growth into 2026.

    Answer

    Chairman & CEO Ira Robbins noted that while some clients are in a 'wait and see' mode, long-term investors see potential opportunities in New York. SEVP & CFO Travis Lan added that the NYC C&I pipeline strengthened during the quarter. For 2026, Lan anticipates CRE balances will stabilize and return to low-single-digit growth, which could push total loan growth toward 5%, although official 2026 guidance has not been issued.

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    Jon Rau's questions to VALLEY NATIONAL BANCORP (VLY) leadership • Q2 2025

    Question

    Jon Rau, on behalf of Jared Shaw at Barclays, asked about the competitive environment in New Jersey and any shifts in customer sentiment between New Jersey and New York, given the NYC mayoral race. He also inquired about the 2026 loan growth outlook, particularly the expected headwind from CRE runoff.

    Answer

    Chairman & CEO Ira Robbins noted that clients are taking a 'wait and see' approach but that long-term generational clients see potential investment opportunities in New York. SEVP & CFO Travis Lan added that the New York C&I pipeline is currently strong. Regarding 2026, Travis Lan stated he does not expect CRE to be a headwind and anticipates balances will stabilize by year-end 2025, potentially leading to total loan growth closer to 5% in 2026, though no official guidance has been provided.

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    Jon Rau's questions to VALLEY NATIONAL BANCORP (VLY) leadership • Q2 2025

    Question

    Jon Rau, on behalf of Jared Shaw at Barclays, asked about the competitive dynamics in New Jersey versus New York and if the NYC mayoral race was affecting customer sentiment. He also inquired about the outlook for CRE runoff and total loan growth into 2026.

    Answer

    Chairman & CEO Ira Robbins noted a 'wait-and-see' approach from some clients regarding capital allocation but stressed that their long-term generational clients see potential opportunities in New York. SEVP & CFO Travis Lan added that the New York C&I pipeline remains strong. For 2026, Lan stated he does not anticipate CRE being a headwind to growth and that balances should stabilize by year-end 2025. While no formal guidance was given, he suggested that neutralizing the CRE runoff could result in total loan growth closer to 5% in 2026.

    Ask Fintool Equity Research AI

    Jon Rau's questions to VALLEY NATIONAL BANCORP (VLY) leadership • Q2 2025

    Question

    Jon Rau, on behalf of Jared Shaw from Barclays, inquired about the competitive dynamics in New Jersey versus New York and any shifts in customer sentiment. He also asked for the 2026 loan growth outlook, particularly regarding the expected impact from CRE runoff.

    Answer

    Chairman & CEO Ira Robbins noted that clients are taking a 'wait and see' approach but that long-term investors may see opportunities in New York. SEVP & CFO Travis Lan added that the New York C&I pipeline remains strong. For 2026, Lan anticipates CRE balances will stabilize by year-end 2025 and will not be a headwind, projecting low single-digit growth. He suggested that neutralizing the 2025 CRE runoff could imply a total loan growth rate closer to 5% for 2026, though no official guidance was provided.

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    Jon Rau's questions to SYNOVUS FINANCIAL (SNV) leadership

    Jon Rau's questions to SYNOVUS FINANCIAL (SNV) leadership • Q2 2025

    Question

    Jon Rau of Barclays, on for Jared Shaw, asked for an update on a large office NPL, recent tech investments for bankers, and flexibility in the hiring timeline.

    Answer

    EVP & Chief Credit Officer Anne Fortner clarified the NPL involves two properties from one relationship, with a recent charge-off on one and adequate reserves on the other. CEO Kevin Blair listed numerous tech investments (nCino, treasury tools) and stated they would hire talent when available, not strictly adhering to a planned number if the right opportunity arises.

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