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    Thomas Bernard Reid

    Research Analyst at Raymond James

    Thomas Bernard Reid is an analyst at Raymond James, where he specializes in equity research and portfolio management, supporting institutional investors with targeted insights. His coverage includes major public companies such as Dutch Bros Inc. and Veralto Corporation, reflected in his recent advisory on significant equity transactions for these firms. Reid began his financial career following his FINRA registration (CRD#: 7553185), where he holds active securities licenses, and currently serves as a registered broker. His track record is underscored by his engagements on prominent deals, and his expertise in managing investment portfolios and advising clients on complex asset allocations.

    Thomas Bernard Reid's questions to PROVIDENT FINANCIAL SERVICES (PFS) leadership

    Thomas Bernard Reid's questions to PROVIDENT FINANCIAL SERVICES (PFS) leadership • Q2 2025

    Question

    Thomas Bernard Reid, on behalf of Steve Moss from Raymond James, asked about the drivers of the strong C&I loan growth, potential hiring opportunities for C&I lenders, and the reasons for the lighter-than-expected wealth management fees.

    Answer

    President and CEO Anthony Labozzetta attributed the C&I growth to a strategic diversification of products, including ABL, healthcare lending, and SBA loans, rather than a shift away from CRE. CFO Thomas M. Lyons added that growth was primarily from new originations, though line utilization also normalized to around 45%. Regarding wealth management, Mr. Lyons explained that fees were impacted by a lower average AUM balance during the quarter due to market volatility, but the AUM value had recovered by quarter-end.

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    Thomas Bernard Reid's questions to SMARTFINANCIAL (SMBK) leadership

    Thomas Bernard Reid's questions to SMARTFINANCIAL (SMBK) leadership • Q2 2025

    Question

    Thomas Bernard Reid of Raymond James, on behalf of Steve Moss, asked about credit quality, inquiring if there were any emerging signs of weakness and how the bank has stress-tested lower-yielding loans that are set to mature.

    Answer

    EVP & Chief Credit Officer Rhett Jordan confirmed that the bank has not seen any signs of weakness in any particular sector and that credit metrics remain strong. He explained that the bank began a forward-looking stress testing project on the maturing loan book 18-24 months ago and remains optimistic about the portfolio's ability to absorb higher rates upon renewal without significant issues.

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