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    Tim Delas

    Research Analyst at Raymond James

    Tim Delas is an Analyst at Raymond James, specializing in private capital markets and investment banking advisory services for leading private companies. He covers a range of sectors within private capital markets, although specific companies and quantifiable performance metrics are not publicly disclosed. Beginning his career in finance with Raymond James, Delas currently serves as Analyst III within the Private Capital Markets group and plays a role in advising and executing capital raising transactions for middle-market clients. His professional credentials reflect his focus on private markets advisory, with responsibilities supporting complex investment banking mandates and transaction execution.

    Tim Delas's questions to Midland States Bancorp (MSBI) leadership

    Tim Delas's questions to Midland States Bancorp (MSBI) leadership • Q4 2022

    Question

    Tim Delas of Raymond James, on for Daniel Tamayo, requested an update on the Banking-as-a-Service (BaaS) strategy, the nature of deposits from potential partners, the company's comfort with its loan-to-deposit ratio, and the expected tax rate for 2023.

    Answer

    Executive Eric Lemke described the BaaS strategy as a slow, deliberate process focused on deposit-gathering partners, with funding costs expected to be 'materially cheaper than wholesale.' Executive Jeffrey Ludwig stated the current loan-to-deposit ratio near 100% is as high as desired and expects the GreenSky runoff to help lower it. Eric Lemke also projected the 2023 effective tax rate would remain stable with the Q4 2022 level.

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