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    Martin Friedman • FJ Capital Management

    Martin Friedman is the Co-Founder, Managing Member, and Chief Investment Officer at FJ Capital Management, specializing in investment analysis and portfolio management within the U.S. financial services sector, with a particular emphasis on community and regional banks. Under his leadership, FJ Capital Management manages over $954 million in assets across 120 holdings and recently achieved a quarterly portfolio return of 17.38%, reflecting strong performance in comparison to peers. Friedman founded FJ Capital Management in 2007, launching its flagship Financial Opportunity Fund in 2008, and has built a team of investment professionals with decades of collective experience in asset management and investment banking. As CIO of an SEC-registered investment adviser, Friedman holds relevant securities licenses, demonstrating his commitment to compliance and industry standards.

    Martin Friedman's questions to Old Second Bancorp Inc (OSBC) leadership

    Martin Friedman's questions to Old Second Bancorp Inc (OSBC) leadership • Q3 2024

    Question

    Martin Friedman asked about the M&A discussion, questioning why the bank couldn't pursue both acquisitions and share buybacks simultaneously given its strong capital build.

    Answer

    Executive Bradley Adams agreed that the bank can pursue both M&A and buybacks. He explained that building capital provides stability and a strategic advantage in the current M&A environment, where capital is a key differentiator. He affirmed the bank's focus on return on tangible common equity and its commitment to return capital to shareholders if attractive deployment opportunities do not materialize.

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