Question · Q3 2025
Stephen Kendall Scouten questioned the feasibility of reducing expenses to $111 million, the potential impact of lower interest rates on loan demand within the Centennial Commercial Finance Group (CCFG), and the company's preference for using its stock for M&A versus more aggressive share repurchases.
Answer
CEO Stephen Tipton confirmed the presence of one-time expenses in Q3 and ongoing efforts to trim costs. President of Centennial Commercial Finance Group Christopher Poulton anticipated that a lower rate environment would generally stimulate demand for CCFG loans. Chairman John Allison stated the company would continue to use both its stock for acquisitions and buy back shares, depending on the stock price, leveraging its strong ROA to pull all capital handles.