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    Timothy Mitchell

    Research Analyst at Raymond James

    Public sources do not provide a comprehensive professional profile for Timothy Mitchell as an analyst at Raymond James, and there is no accessible LinkedIn profile confirming his current title, specialties, or career history. As a result, details about his exact job title, company coverage, performance metrics, career timeline, and professional credentials are unavailable at this time.

    Timothy Mitchell's questions to SOUTHSIDE BANCSHARES (SBSI) leadership

    Timothy Mitchell's questions to SOUTHSIDE BANCSHARES (SBSI) leadership • Q1 2025

    Question

    Timothy Mitchell from Raymond James asked for an outlook on fee revenue for the remainder of the year, noting the variance in swap income. He also inquired about the company's appetite for further stock buybacks, given the remaining authorization.

    Answer

    Executive Julie Shamburger detailed that while Q1 swap fee income was low, they expect more to come and have budgeted for it. She highlighted expected growth in trust fees, targeting a ~16% increase for the year, driven by a new team and prior fee adjustments. An executive added that Q2 swap income is projected to be significantly higher than Q1. Regarding buybacks, an executive stated that a plan was triggered during the quiet period and they are currently re-evaluating further repurchases based on market conditions.

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    Timothy Mitchell's questions to SOUTHSIDE BANCSHARES (SBSI) leadership • Q4 2024

    Question

    Timothy Mitchell of Raymond James questioned the progress of the C&I lending initiative, the outlook for the allowance for credit losses, and requested details on the subordinated debt coming due.

    Answer

    CEO Lee Gibson reported that the C&I initiative, which began in Q3, has made several hires and is expected to show loan growth beginning in Q1 or Q2 2025. He does not anticipate releasing reserves, stating the current allowance level is appropriate given the mid-single-digit loan growth target for 2025. Gibson and CFO Julie Shamburger confirmed the maturing subordinated debt is a $92 million issue with a 4.09% yield in Q4, which would float to the mid-7% range based on current rates.

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    Timothy Mitchell's questions to FIRSTSUN CAPITAL BANCORP (FSUN) leadership

    Timothy Mitchell's questions to FIRSTSUN CAPITAL BANCORP (FSUN) leadership • Q1 2025

    Question

    Timothy Mitchell inquired about the competitive landscape for loan growth, the rates on new loans, and the current pipeline. He also asked about the potential for deposit costs to decline and the contribution of new Southern California branches to deposit growth.

    Answer

    CFO Robert Cafera noted strong C&I activity and pricing, with a late-quarter surge in Q1 that has continued into Q2. CEO Neal Arnold added that stronger clients are capitalizing on market uncertainty. Regarding deposits, Cafera stated that pricing remains competitive despite mix improvements and confirmed the Southern California expansion has been very successful, gathering several hundred million in deposits already.

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    Timothy Mitchell's questions to Hilltop Holdings (HTH) leadership

    Timothy Mitchell's questions to Hilltop Holdings (HTH) leadership • Q1 2025

    Question

    Timothy Mitchell from Raymond James posed several questions regarding fee income and growth. He asked about the impact of recent bond market volatility on HilltopSecurities and the outlook for the mortgage business, including its rightsizing strategy. He followed up on the loan growth outlook, customer pipeline activity, and the planned level of mortgage retention, and also asked about the company's appetite for continued stock repurchases.

    Answer

    William Furr (executive) addressed the market volatility, noting the municipal portfolio was impacted in April, but the firm is managing through it. He described the mortgage business as being on a slow healing trajectory and confirmed the strategy is to rightsize costs while actively recruiting loan officers. Jeremy Ford (executive) added that loan pipelines remain strong despite a competitive environment. Furr specified that mortgage retention would likely be at the higher end of the $10-$30 million monthly range. Finally, Ford confirmed that with $67 million remaining on the buyback authorization, repurchases are under active consideration.

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    Timothy Mitchell's questions to Origin Bancorp (OBK) leadership

    Timothy Mitchell's questions to Origin Bancorp (OBK) leadership • Q1 2025

    Question

    Timothy Mitchell from Raymond James asked about commercial real estate payoff trends, updates on strategic hiring efforts, the progress of the Southeast expansion team, and the drivers behind the revised fee income outlook.

    Answer

    President and CEO of Origin Bank, Lance Hall, described a mixed but optimistic environment for commercial loans, highlighting growth opportunities in Texas and the Southeast. He confirmed that strategic hiring remains a priority, with the Houston team performing exceptionally and the Southeast team progressing as planned with a strong pipeline. CFO Wally Wallace clarified that the reduced fee income guidance is primarily due to the mortgage business restructuring, which lowers both revenue and expenses, while noting that strong swap income is an offsetting positive trend.

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    Timothy Mitchell's questions to TRUSTMARK (TRMK) leadership

    Timothy Mitchell's questions to TRUSTMARK (TRMK) leadership • Q1 2025

    Question

    Timothy Mitchell asked for color on the linked-quarter increase in the NPA ratio and reserve build. He also questioned the drivers of the expense outlook and the expected pace of share buybacks and other capital deployment strategies.

    Answer

    Chief Credit and Operations Officer Robert Harvey attributed the reserve build to loan growth and a qualitative adjustment from migrating to internal probability of default models. President and CEO Duane Dewey and Chief Accounting Officer Tom Chambers explained that while Q1 expenses were down, the full-year guidance reflects a future core system conversion and a shift in merit increases to Q3. Regarding capital, Duane Dewey and CFO Thomas Owens stated that the buyback pace is market-dependent but could remain consistent, with flexibility to adjust based on loan growth and potential M&A opportunities.

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    Timothy Mitchell's questions to TRUSTMARK (TRMK) leadership • Q3 2024

    Question

    Timothy Mitchell of Raymond James asked about the reasons for the modest loan decline in Q3, particularly regarding C&I payoffs, and the outlook for Q4 growth. He also questioned Trustmark's strategic approach to market expansion, including its appetite for M&A versus organic growth through team lift-outs.

    Answer

    Chief Credit and Operations Officer Robert Harvey attributed the slight loan shrinkage to normal paydowns on corporate lines late in the quarter, noting that line utilization is expected to rebound and pipelines remain strong. CEO Duane Dewey confirmed that both M&A and organic growth are attractive options, stating they are building an M&A pipeline and actively pursuing organic expansion in markets like Houston and Atlanta, as well as in business lines like Equipment Finance and Mortgage.

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    Timothy Mitchell's questions to Veritex Holdings (VBTX) leadership

    Timothy Mitchell's questions to Veritex Holdings (VBTX) leadership • Q4 2024

    Question

    Timothy Mitchell asked about the forward-looking view on credit, noting the migration into non-performing assets (NPAs), and inquired about the expected net charge-off ratio for 2025. He also questioned if the net interest margin (NIM) could continue to expand throughout the year.

    Answer

    CEO Malcolm Holland stated that the net charge-off ratio for 2025 is expected to be in a similar range to 2024's 21 basis points. He expressed confidence in continued credit improvement due to better early-stage problem loan management. Executive Will Holford confirmed that the NIM is expected to see continued expansion for the full year, driven by the roll-off of sub-debt, securities portfolio restructuring, and ongoing deposit improvements, which should offset headwinds like a maturing hedge.

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    Timothy Mitchell's questions to Third Coast Bancshares (TCBX) leadership

    Timothy Mitchell's questions to Third Coast Bancshares (TCBX) leadership • Q4 2024

    Question

    Timothy Mitchell requested more details on the initiatives driving noninterest-bearing (NIB) deposit growth and asked how deposit growth governs loan growth, including how high the loan-to-deposit ratio might go.

    Answer

    Executive Bart Caraway described a multi-faceted strategy for deposit growth, including targeted banker incentives, treasury's independent sales efforts, and specific goals for each business line. Executive John McWhorter added that while NIB deposits have grown monthly since July, he expects a steady increase of $10-20 million per quarter going forward. McWhorter clarified that capital accretion from profitability is more of a governor on growth than deposits. The bank is confident it can source deposits as needed and aims to manage its loan-to-deposit ratio around a 95% target.

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    Timothy Mitchell's questions to Amerant Bancorp (AMTB) leadership

    Timothy Mitchell's questions to Amerant Bancorp (AMTB) leadership • Q4 2024

    Question

    Timothy Mitchell of Raymond James & Associates, Inc. asked for details on the expected net interest margin (NIM) pressure in the first quarter, particularly the drivers on both the asset and deposit sides. He also questioned the sustainability of the mid-teens loan growth target throughout 2025 and sought guidance on a good run-rate for fee income.

    Answer

    Executive Sharymar Yepez explained that the Q1 2025 NIM is expected to be slightly lower because assets that repriced late in Q4 will have a full-quarter impact. Executive Gerald Plush affirmed the 15% loan growth target is sustainable, as it already accounts for expected payoffs and is supported by recent hiring. For fee income, Yepez suggested the Q4 level of approximately $18 million is a reasonable quarterly run-rate for 2025, though the composition may shift between mortgage and derivative income. Plush noted that while mortgage banking faces pressure, other fee sources show positive signs.

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    Timothy Mitchell's questions to BOK FINANCIAL (BOKF) leadership

    Timothy Mitchell's questions to BOK FINANCIAL (BOKF) leadership • Q4 2024

    Question

    Timothy Mitchell of Raymond James inquired about the drivers of the mid-single-digit expense growth guidance and asked for an outlook on other fee businesses like investment banking and brokerage.

    Answer

    CFO Martin Grunst confirmed the guidance includes ongoing investments in talent and IT, with a variable component tied to revenue. CEO Stacy Kymes cited the build-out of a mortgage warehouse lending business as a recent example of such an investment. EVP Scott Grauer noted strong trends in retail brokerage and explained that investment banking, which is concentrated in seasonal municipal finance, is expected to rebound as debt cycles resume.

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    Timothy Mitchell's questions to PINNACLE FINANCIAL PARTNERS (PNFP) leadership

    Timothy Mitchell's questions to PINNACLE FINANCIAL PARTNERS (PNFP) leadership • Q3 2024

    Question

    Timothy Mitchell, on for Michael Rose, asked for details on the CD portfolio's maturity schedule and the rationale behind lowering the target rate for loan renewals.

    Answer

    Executive Harold Carpenter detailed the CD maturity profile, stating that roughly 80% of the book is one year or less, and about 50% is three months or less, providing a rapid repricing structure. On loan pricing, he explained that the target rates for renewals were lowered to be more competitive. He noted that previous, higher target rates were causing the bank to miss out on some loan growth opportunities, particularly in areas like private wealth mortgages, as relationship managers were hesitant to negotiate from a rate that was too far above the market.

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