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    Matt Breese • Stephens Inc.

    Matt Breese's questions to Northwest Bancshares Inc (NWBI) leadership

    Matt Breese's questions to Northwest Bancshares Inc (NWBI) leadership • Q2 2025

    Question

    Matt Breese from Stephens Inc. asked about the potential for non-accrual loan creation following the increase in classifieds, deposit growth prospects, and the recent uptick in home equity and consumer loan balances. He also questioned the current roll-on versus roll-off yields.

    Answer

    CFO Douglas Schosser stated the bank is adequately reserved and expects to reduce non-performing assets by year-end without material losses. He also noted deposit competition has eased. President and CEO Louis Torchio characterized the consumer loan growth as opportunistic rather than a strategic shift, leveraging the bank's flexibility. Schosser added that new commercial loan yields are near 7%, while consumer loan roll-on/roll-off rates are relatively stable.

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    Matt Breese's questions to Camden National Corp (CAC) leadership

    Matt Breese's questions to Camden National Corp (CAC) leadership • Q2 2025

    Question

    Matt Breese of Stephens Inc. sought more details on the syndicated C&I credit, including the total loan size and Camden's exposure. He also questioned the guidance for a slight pullback in fee income, the expense run-rate after realizing Northway synergies, and the company's interest in share buybacks given the stock's reaction.

    Answer

    President & CEO Simon Griffiths stated Camden's exposure is $12 million out of a total facility of around $200 million involving five or six other banks, and he reiterated that broader credit trends are healthy. CFO Michael Archer explained the conservative Q3 fee income guidance of $12-13 million is due to potential volatility in BOLI and fair value adjustments on mortgage pipeline loans. He guided Q3 non-interest expenses to around $34 million as Northway synergies are realized. Griffiths confirmed a buyback program is in place and remains an option, expressing confidence in the company's second-half performance.

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    Matt Breese's questions to Webster Financial Corp (WBS) leadership

    Matt Breese's questions to Webster Financial Corp (WBS) leadership • Q2 2025

    Question

    Matt Breese of Stephens Inc. asked about the sustainability of strong C&I loan originations, the dynamics of commercial real estate payoffs, and the potential risk from its New York City rent-regulated loan portfolio.

    Answer

    Chairman & CEO John Ciulla and COO & President Luis Massiani expressed confidence in loan growth, citing broad-based activity and building pipelines. Regarding the rent-regulated portfolio, they emphasized it is seasoned, granular, and well-underwritten, and they do not foresee a material credit impact from potential regulatory changes.

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