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    Terry McEvoy • Stephens Inc.

    Terry McEvoy's questions to Midwestone Financial Group Inc (IOWA) (MOFG) leadership

    Terry McEvoy's questions to Midwestone Financial Group Inc (IOWA) (MOFG) leadership • Q2 2025

    Question

    Terry McEvoy from Stephens Inc. asked for details regarding the large $24 million CRE office loan that moved to non-accrual, including what happened and the status of other large CRE credits. He also questioned the drivers behind the revised annual expense guidance.

    Answer

    SVP & Chief Credit Officer Gary Sims explained the non-accrual loan is a suburban Minneapolis property where the sponsor stopped making payments, prompting legal action. He noted the next largest office loan is pass-rated. CEO Charles Reeves addressed expenses, attributing the revised guidance to strategic talent acquisitions in the Twin Cities and Denver and ongoing technology investments like ServiceNow.

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    Terry McEvoy's questions to Midwestone Financial Group Inc (IOWA) (MOFG) leadership • Q4 2024

    Question

    Terry McEvoy of Stephens Inc. asked if the Q1 mid-single-digit loan growth guidance is a reasonable run rate for the full year and sought the outlook for fee income, particularly wealth management. He also inquired about the health of the agricultural loan portfolio.

    Answer

    President and COO Len Devaisher confirmed that mid-single-digit loan growth is the model for the full year and that the company targets continued double-digit growth in wealth management. CEO Charles Reeves added that loan growth could accelerate if interest rates decline. Chief Credit Officer Gary Sims noted that while the ag sector faces pressure, the bank's producer portfolio is resilient and well-positioned to manage through challenges.

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    Terry McEvoy's questions to Associated Banc-Corp (ASB) leadership

    Terry McEvoy's questions to Associated Banc-Corp (ASB) leadership • Q2 2025

    Question

    Terry McEvoy of Stephens Inc. requested management's updated perspective on M&A, considering the company's strong stock performance and growing capital. He also asked for an explanation for the rising allowance for credit losses (ACL) in the C&I portfolio, which increased from $136 million to $150 million.

    Answer

    President and CEO Andrew Harmening stated that while the company is in a strong position, the primary focus remains on executing its strategic plan. Any M&A deal would need to be a compelling strategic, financial, and cultural fit. On the ACL, EVP & Chief Credit Officer Patrick Ahern explained the increase in the C&I allowance is primarily a "growth story" directly tied to the significant growth in that loan portfolio, rather than a deterioration in credit quality.

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    Terry McEvoy's questions to Civista Bancshares Inc (CIVB) leadership

    Terry McEvoy's questions to Civista Bancshares Inc (CIVB) leadership • Q2 2025

    Question

    Terry McEvoy from Stephens Inc. asked for details on the specific markets and sectors driving loan demand, whether loan growth was intentionally moderated due to the loan-to-deposit ratio, and the potential impact of new deposit-gathering initiatives.

    Answer

    President & CEO Dennis Shaffer confirmed that CRE loan growth had been muted due to concentration concerns, which the new capital will help alleviate. He and EVP & Chief Lending Officer Charles Parcher highlighted strong, broad-based demand across Ohio's major cities. Shaffer also detailed new deposit initiatives, including the Mantle digital platform and plans to hire more treasury management officers to support future growth.

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    Terry McEvoy's questions to Horizon Bancorp Inc (HBNC) leadership

    Terry McEvoy's questions to Horizon Bancorp Inc (HBNC) leadership • Q2 2025

    Question

    Terry McEvoy from Stephens Inc. questioned the year-over-year decline in interchange fee revenue and asked for an outlook on deposit competition and costs for the remainder of the year.

    Answer

    CEO Thomas Prame attributed the lower interchange revenue to a slight decrease in transaction volume and average spend per swipe, reflecting more conservative consumer behavior. On deposits, he noted that while the consumer market is stable, the public funds space remains competitive, but the bank successfully managed funding costs down slightly from Q1 by letting some higher-priced CDs run off.

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    Terry McEvoy's questions to Wintrust Financial Corp (WTFC) leadership

    Terry McEvoy's questions to Wintrust Financial Corp (WTFC) leadership • Q2 2025

    Question

    Terry McEvoy of Stephens Inc. asked about performance in the Western Michigan market post-acquisition and sought details on the mortgage finance portfolio's size, growth contribution, and expected volatility.

    Answer

    President, CEO & Director Timothy Crane expressed positive sentiment on the Western Michigan market, noting the Macatawa conversion is complete and prospecting is strong. Vice Chairman & Chief Lending Officer Richard Murphy stated the mortgage warehouse portfolio now stands at $1.2 billion and is gaining market share, contributing significantly to growth.

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    Terry McEvoy's questions to Old National Bancorp (ONB) leadership

    Terry McEvoy's questions to Old National Bancorp (ONB) leadership • Q2 2025

    Question

    Terry McEvoy asked why the net interest income (NII) outlook for the second half of 2025 was not increased despite retaining the CRE loans, and requested commentary on technology investments following the hiring of a new CIO.

    Answer

    CFO John Moran clarified that the income from the retained CRE loans is expected to offset the lower-than-anticipated income from purchase accounting accretion marks, resulting in a neutral impact on the NII forecast. CEO & Chairman James Ryan discussed technology, noting the new CIO came from Bremer and that the bank feels good about its tech stack, with ongoing investments in the wealth management ecosystem, treasury management, and data infrastructure, including AI exploration.

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