Sign in

    Will Jones • Keefe, Bruyette & Woods (KBW)

    Will Jones's questions to Amerant Bancorp Inc (AMTB) leadership

    Will Jones's questions to Amerant Bancorp Inc (AMTB) leadership • Q2 2025

    Question

    Will Jones asked for the dollar amount of Q2 interest recoveries to normalize the NIM, inquired about the bank's asset sensitivity to potential rate cuts, questioned the decision to grow the securities portfolio versus paying down wholesale funding, and asked about M&A's place in the company's priorities.

    Answer

    CFO Sharymar Calderón quantified the Q2 recovery impact at $1.2M-$1.3M and stated a rate cut would impact NII by $1.4M-$1.5M per quarter. She explained that the securities portfolio adds yield, improves CET1, and provides funding optionality. CEO Jerry Plush reiterated that organic growth is the top priority and M&A is not a current focus, though it remains an option as the bank's performance and currency improve.

    Ask Fintool Equity Research AI

    Will Jones's questions to Ferguson Enterprises Inc (FERG) leadership

    Will Jones's questions to Ferguson Enterprises Inc (FERG) leadership • Q3 2025

    Question

    Will Jones asked how Ferguson is managing its own-brand business amid changing tariff dynamics. He also requested an update on the company's distribution center network, including recent openings and future plans.

    Answer

    CEO Kevin Murphy explained that the own-brand business, about 10% of revenue, is managed through a diversified sourcing strategy across 31 countries to mitigate tariff risks. CFO Bill Brundage added that the company continues to invest in its supply chain, with five market distribution centers now open, two more in process, and ongoing investment in automation and local inventory.

    Ask Fintool Equity Research AI

    Will Jones's questions to Cullen/Frost Bankers Inc (CFR) leadership

    Will Jones's questions to Cullen/Frost Bankers Inc (CFR) leadership • Q4 2024

    Question

    Will Jones asked about the balance sheet strategy for 2025, questioning if the investment portfolio would remain flat and how aggressively the bank would deploy its liquidity. He also inquired about deposit beta expectations and the NII impact per Fed rate cut.

    Answer

    Chairman and CEO Phillip Green stated the bank plans to accelerate securities purchases in Q1, targeting a $4 billion investment strategy for 2025, funded by maturities and existing liquidity. He expects the cumulative deposit beta to land around 45%. He confirmed a potential $1.7 million monthly NII impact per rate cut, which CFO Dan Geddes cautioned is an 'all else equal' figure subject to other balance sheet dynamics.

    Ask Fintool Equity Research AI