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    Wade Lay

    Managing Director and Senior Equity Research Analyst at KBW

    Wade Lay is a Managing Director and Senior Equity Research Analyst at KBW, specializing in the coverage of U.S. regional banks and financial institutions. He is recognized for his in-depth analysis of companies such as Bank of America, Fifth Third Bancorp, and Regions Financial, and has consistently delivered actionable investment recommendations with a strong track record reflected by high success rates and positive returns on platforms like TipRanks. Lay began his career in equity research after completing his MBA, holding previous roles at firms including Raymond James before joining KBW in 2015, where he advanced to his current leadership position. He maintains multiple FINRA registrations, including Series 7, 63, 86, and 87 licenses, and has been cited by institutional investors for his industry expertise and research impact.

    Wade Lay's questions to HomeStreet (HMST) leadership

    Wade Lay's questions to HomeStreet (HMST) leadership • Q3 2023

    Question

    Inquired about the drivers for the quarterly expense decrease, the company's comfort with a high loan-to-deposit ratio, and the outlook for near-term profitability.

    Answer

    Expense reduction was driven by lower headcount and commissions, a trend expected to continue. The company is comfortable with the current loan-to-deposit ratio (~110%) in the short term due to strong liquidity, though the long-term goal is ~95%. They expect to remain profitable in the near term, albeit at low levels.

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