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    William Wallace

    Wall Street Analyst at Raymond James

    William Wallace is a Wall Street Analyst at Raymond James, serving as a Senior Analyst with a primary focus on the financial sector and regional banks. He covers a broad range of companies, including prominent names such as Atlantic Union Bankshares (AUB), and has issued recommendations on over 75 companies. Wallace has demonstrated a strong performance record with 56% of his recommendations yielding profits and an average return per transaction of 16.60%, according to TipRanks. With his career at Raymond James dating back at least to 2014, he has built a credible reputation in financial equity research, and holds industry-standard licenses and registrations confirmed by regulatory platforms.

    William Wallace's questions to UNION BANKSHARES (UNB) leadership

    William Wallace's questions to UNION BANKSHARES (UNB) leadership • Q4 2015

    Question

    William Wallace asked about the OREO valuation methodology, the net interest margin outlook for 2016, competitive pressures on deposit costs following the Fed rate hike, the outlook for the loan loss reserve ratio, and expectations for loan growth and the competitive environment in Richmond.

    Answer

    CEO Bill Beale and CFO Rob Gorman explained the OREO valuation change was a new methodology based on a discounted absorption analysis, not just standard appraisals. CFO Rob Gorman projected margin compression of 3-4 basis points per quarter in 2016, assuming two Fed rate hikes, and noted no significant competitive movement on deposit costs yet. He expects the reserve ratio to stabilize around current levels. Chief Banking Officer Tony Peay stated that mid-single-digit loan growth remains the target, acknowledging intense competition but noting Union is winning its fair share of deals.

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