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    Matthew Olney

    Managing Director and Senior Equity Analyst at Stephens Inc.

    Matthew Olney is a Managing Director and Senior Equity Analyst at Stephens Inc., specializing in coverage of regional banks with particular emphasis on the Southwest U.S. His coverage includes notable companies such as Fifth Third Bancorp, Huntington Bancshares, KeyCorp, PNC Financial Services, Regions Financial, and Zions Bancorporation, consistently delivering strong performance metrics with a career success rate exceeding 75% and an average return above 15%. Olney began his analyst career in 2004 at Stephens after earlier roles with Wells Fargo and UBS, and has earned recognition such as Top Earnings Estimator for the Commercial Banking Industry by StarMine. He holds the Chartered Financial Analyst (CFA) designation and maintains FINRA registration, underscoring his professional credentials and expertise.

    Matthew Olney's questions to Veritex Holdings (VBTX) leadership

    Matthew Olney's questions to Veritex Holdings (VBTX) leadership • Q1 2025

    Question

    Matthew Olney inquired about the bank's plans for a subordinated debt instrument that becomes callable later in the year and asked for more detail on the office and retail loans that migrated to nonaccrual status.

    Answer

    CFO Terry Earley and CEO Malcolm Holland confirmed the $125 million sub debt tranche is on their radar. While a full payoff is unlikely, a partial payoff is highly probable, and a complete refinancing is also possible, pending market conditions. Chief Credit Officer Curtis Anderson explained the nonaccrual migrations were long-standing names being moved toward final resolution, with strategies in place to have them moved off the books by early Q3.

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    Matthew Olney's questions to Veritex Holdings (VBTX) leadership • Q1 2025

    Question

    Matthew Olney from Stephens asked about capital management, specifically the company's plans for a subordinated debt instrument that becomes callable later in the year, and also requested more detail on the recent migration of office and retail loans into nonaccrual status.

    Answer

    CFO Terry Earley confirmed that the $125 million tranche of subordinated debt callable in October is being closely watched. He indicated that a full payoff is unlikely, but a partial paydown is 'very high' probability, depending on market conditions. CEO Malcolm Holland added that a complete refinance of the debt is also a possibility. Regarding credit, Chief Credit Officer Curtis Anderson explained that the new nonaccrual loans were long-standing relationships that the bank is now actively moving toward final resolution, with strategies in place to have them resolved by the beginning of the third quarter.

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    Matthew Olney's questions to Veritex Holdings (VBTX) leadership • Q1 2025

    Question

    Matthew Olney inquired about the bank's capital management plans, specifically regarding a subordinated debt instrument becoming callable later in the year, and requested more detail on the loans that migrated to nonaccrual status.

    Answer

    CFO Terry Earley and CEO Malcolm Holland confirmed the $125 million sub-debt tranche callable in October is under review. They indicated a full payoff is unlikely, but a partial paydown is highly probable, with a full refinance also being a possibility depending on market conditions. Chief Credit Officer Curtis Anderson explained that the new nonaccrual loans were long-standing relationships and that clear strategies are in place to achieve resolution by the beginning of the third quarter.

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    Matthew Olney's questions to Triumph Financial (TFIN) leadership

    Matthew Olney's questions to Triumph Financial (TFIN) leadership • Q3 2024

    Question

    Matthew Olney of Stephens Inc. inquired about the 2025 monetization strategy for the TriumphPay platform, given management's continued cautious outlook on the overall freight market.

    Answer

    President of TriumphPay Melissa Forman stated that monetization is actively occurring, highlighting over 30% year-over-year fee revenue growth despite the market headwinds, driven by added value and new features. CEO Aaron Graft supported this, noting the freight recession masks significant underlying progress and that fee revenue, the most valuable type, continues to grow. He emphasized that if the market normalizes, the platform's performance would accelerate significantly.

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