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Martin Friedman

Research Analyst at FJ Capital Management LLC

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 (OSBC) leadership

Question · Q3 2024

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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Fintool can predict OLD SECOND BANCORP logo OSBC's earnings beat/miss a week before the call