Smaller Banks and Big 1Q Narratives
Published April 7, 2015 1:09 PM
1 Min Read
First-quarter earnings calls will rev up in the next week. Here are some community banks that could have a lot to say about M&A, compliance and cost cutting.
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Banc of California
This acquisitive company had uneven financial results last year due largely to its deals. Steven Sugarman, Banc of California's opinionated CEO, is expected to discuss the company's earnings trajectory and recent purchase of 20 branches from Popular.
Image: Bloomberg News
Popular / First Bancorp / Home Bancshares
Doral Financial's failure was the biggest bank implosion in years. Popular, First Bancorp and Home carved up the Puerto Rican company's operations . Popular, led by Richard Carrion, could discuss the creative side deals and plans for the New York branches he acquired.
BankUnited
Speaking of New York, BankUnited in Florida continues to book business since entering the city in 2012. Analysts, however, could be more intrigued by CEO John Kanas' decision to buy a national small-business lending business from CertusBank.
Image: Bloomberg News
Independent Bank Group
Oil pricing was a hot topic in energy-rich states during fourth-quarter conference calls. Expect executives, such as David Brooks at Independent Bank in McKinney, Texas, to provide an update on credit quality and reserves.
South State
The former SCBT in Columbia, S.C., has been relatively quiet since completing a deal in July 2013 that swelled it to nearly $8 billion in assets. Will CEO Robert Hill discuss reentering the M&A game during his company's quarterly call?
BancorpSouth
Dan Rollins, chief executive at BancorpSouth was pleased to announce last year that regulators were ready to reexamine his company's Bank Secrecy Act compliance . How is the review going? Is the Tupelo, Miss., closer to getting two delayed acquisitions back on track?<
The Bancorp
The Delaware company, coming off a year where it was hit with a consent order tied to anti-money laundering compliance and concerns over the classification of prepaid card balances, has a new leader . Frank Mastrangelo could also be asked about the company's decision to refocus on specialty lines such as fleet leasing and SBA lending.
Sun Bancorp
Thomas O'Brien, Sun's chief executive, told analysts in January that the New Jersey company would be profitable every quarter this year after six straight quarterly losses. He could have a chance to boast about a successful turnaround during Sun's upcoming call.
Customers Bancorp
Jay Sidhu has been far from bashful about BankMobile, his Pennsylvania company's digital only offshoot. Analysts will definitely want an update on the program's January launch and early adoption rates.
Investors Bancorp
The New Jersey company raised more than $2 billion last year through a second-step conversion. Kevin Cummings, Investors' chief executive, will be expected to discuss how he plans to put that cash to work, including acquisitions.
