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    Mark Shutley

    Research Analyst at Keefe, Bruyette & Woods

    Mark Shutley is an equity analyst at Keefe, Bruyette & Woods specializing in the financials sector with a primary focus on regional banks, including coverage of Eagle Financial Services. He has issued ratings such as 'Outperform' with price targets reflecting potential upsides, though his public performance record shows a total of one rating with an average return of 1.91% and a success rate listed at 0%, placing him in the lower half of analyst rankings on Stock Analysis. Shutley began making public recommendations at KBW in 2025; prior roles or further career history are not evident in available sources. His current professional credentials as disclosed do not list FINRA registrations or securities licenses, and no notable industry achievements or recognitions have been documented.

    Mark Shutley's questions to Veritex Holdings (VBTX) leadership

    Mark Shutley's questions to Veritex Holdings (VBTX) leadership • Q4 2024

    Question

    Mark Shutley inquired about the dynamics causing the decline in noninterest-bearing deposits during the quarter and asked for an outlook on the government-guaranteed loan business for 2025.

    Answer

    Executive Will Holford explained the decline in noninterest-bearing deposits was due to seasonal fluctuations in mortgage escrow accounts and an intentional exit from an expensive ECR deposit relationship. He projected the noninterest-bearing mix would normalize to a 21% to 23% range. Regarding the government-guaranteed business, CFO Terry Earley stated they are 'pretty bullish,' citing a strong start to 2025, stable premiums, and the strongest pipelines they have ever had, particularly in the SBA space.

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    Mark Shutley's questions to Veritex Holdings (VBTX) leadership • Q2 2024

    Question

    Mark Shutley followed up on margin guidance by asking about the outlook for loan yields before any rate cuts and questioned if the current quarterly expense level is a sustainable run rate for the rest of 2024.

    Answer

    CFO Terry Earley explained that with 75% of the loan portfolio tied to variable rates, yields will decline with Fed cuts, making the ability to lower deposit costs crucial. He affirmed that the current expense level is a 'good run rate,' but noted that investments in business banking and potential incentive payouts from the government-guaranteed business could affect the total. He emphasized the bank's challenges are revenue-related, not expense-related.

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