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    Kate Ashley • KBW

    Kate Ashley's questions to WSFS Financial Corp (WSFS) leadership

    Kate Ashley's questions to WSFS Financial Corp (WSFS) leadership • Q3 2024

    Question

    Speaking on behalf of Kelly, Kate Ashley from KBW asked for clarity on potential future net charge-offs (NCOs) given the migration of some commercial loans to nonperforming asset (NPA) status, especially in light of the company lowering its full-year NCO guidance.

    Answer

    EVP and CFO David Burg clarified that the uptick in credit metrics was driven by a few previously identified and monitored problem loans, not systemic issues. He specified that the quarter's net charge-offs were primarily from two C&I loans. Burg stated that because these developments were anticipated and are now working through the cycle, the company feels comfortable reducing its full-year NCO guidance to the low end of the previous range.

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    Kate Ashley's questions to National Bank Holdings Corp (NBHC) leadership

    Kate Ashley's questions to National Bank Holdings Corp (NBHC) leadership • Q3 2024

    Question

    Kate Ashley, on behalf of Kelly Motta, inquired about the most promising opportunities for loan growth, categorized by loan type and geographic region.

    Answer

    President Aldis Birkans explained that the current loan pipeline is highly diversified across the bank's geographic footprint and its various business lines, from middle market to specialty lending. He emphasized that credit quality remains the paramount consideration for new loan pull-through and that no single category is currently a dominant driver of growth.

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