Kevin Fitzsimmons's questions to FBMS leadership • Q3 2023
Question
The analyst inquired about the possibility of a bond portfolio restructuring, the nature and future of CDFI grants, the current M&A environment, and the potential for team lift-outs.
Answer
The company is actively analyzing a bond restructuring. The recent large CDFI grant was a one-time event, though smaller annual grants are recurring. The M&A environment has quieted down, but they see increased opportunities for strategic team lift-outs from larger banks.