UMB Bank的动态

Ahh Texas bankers....(although most of the money's from NYC) Note that this is not nearly enough capital to give the deeply insolvent holdco Industry Bancshares, Inc. and its subsidiary banks a reasonable level of capital (if they were a public company) so presumably there is a plan for shrinkage plus some more capital to come. Or maybe not.... One of the great weirdnesses of our bank capital system is that a GAAP insolvent bank with $800 mm of AOCI losses is totally fine from a Tier 1 equity capital standpoint if it made the right election back in the day because those losses....don't count!?! Plus, most of their assets have very low risk weights. So they have plenty of regulatory capital thank you very much, even if they will still be operating at a quarter or less of the capital that the markets ask community banks to have. It will be interesting to learn how much the Office of the Comptroller of the Currency and Federal Reserve Bank of Dallas were involved in the details. Or maybe the bank just wants to continue playing chicken with the regulators until interest rates bail them out. #banks

We sat down with Lance Caldwell, senior vice president and sales director of UMB Bank, Capital Markets Division, to learn more about his career at UMB and his experience working with community banks. Read more on his focus on community bank performance for 30 years and counting. #UMBCareers

M&T Bank’s Annual Letter to shareholders explores some meaningful themes. One that is important to me is the company's continued commitment to driving positive change in communities across our growing footprint. “The past year is one we won’t soon forget. We endured tragedy and pushed through disappointment. We learned a great deal about the world and about how we can improve our bank to better serve our customers. A community-focused banking model fails quickly without model community bankers who work tirelessly to cultivate customer relationships and then work harder, still, to figure out what matters to a community and how they might then solve a problem and make a difference. We learned that our mettle would continue to be tested—often by circumstances that would have seemed unimaginable—but that the indominable spirit of a community—of our M&T community—cannot be broken.” — M&T Bank Chairman and CEO René Jones Artwork on the cover of this year’s message to shareholders by Alder Crocker.

Spotlight On: Lee Fite, Regional President, Fifth Third Bank 3 min read?March 2024 —?Lee Fite, regional president at Fifth Third Bank, talked to?#Invest:?about the growth the bank has experienced in North and South Carolina, its #investments in developing a branch network, and hiring talent in the #ResearchTriangle. Fite also discussed the importance of employing local #bankers who know the needs and wants of the community and are interested in seeing it thrive. READ MORE: https://lnkd.in/ezXkz3jP

Pacific Premier Bancorp, Inc., the Holding Company of Pacific Premier Bank, released its 2023 Annual Report. The Pacific Premier Bancorp, Inc. 2023 Annual Report tells a story of continued performance and expert navigation of a profoundly challenging economic environment while maintaining a position of strength as it enters 2024. “As you know well, 2023 was an extraordinary year for the banking industry. Rising interest rates, high-profile bank failures in rapid succession, and heightened regulatory expectations coalesced into a dynamic operating environment unique in its velocity and volatility. Our steadfast commitment to prudent and proactive risk management, client retention and development, and creating long-term value generated positive results for our stockholders, clients, employees, and the diverse communities we serve,” said Steven R. Gardner, Chairman, CEO, and President of Pacific Premier. To view the full Pacific Premier Bancorp, Inc. 2023 Annual Report, visit: https://lnkd.in/gWmKEfyp

I didn't think this was a particularly good article about TD by The Globe and Mail.?It seems to be based on a lot of unfounded gossip, haphazard insinuations, guesses, suggestions, and speculation.?All the big Canadian banks have regular turnover amongst high-level executives, so it is not necessarily the cause of poor morale.?And all the big Canadian banks are famously bureaucratic.?How can the Globe be so sure TD is worse than the rest?? During CEO Masrani's roughly 12-year tenure, TD has grown adjusted earnings per share at a 6.7% compound annual growth rate, while RBC has grown adjusted earnings per share at a 7.3% compound annual growth rate....hardly a massive difference!? At the same time, TD has grown tangible book value per share at a 9.9% compound annual growth rate, while RBC has grown tangible book value per share at 9.5% compound annual growth rate.? The difference in the share price performance of the two banks has been driven more by a re-rating in both banks' stocks; TD's price to earnings multiple has contracted about 6%, while RBC's price to earnings multiple has expanded by about 17%.? Therefore, in my opinion, much of RBC’s stock price outperformance vs. TD has been driven by investor perception rather than fundamental operating numbers, and therefore it’s possible TD could narrow the gap between the two banks' valuation ratios over the next several years if TD's operating results continue along a similar path as those of the other banks.?I don't have strong opinions on TD's Masrani, and of course TD should be ashamed of their anti-money laundering failures (...I believe they are), but this article by the Globe is not great, and doesn’t shed much light on the situation, despite them spending "the past year investigating the scandal".

Branch Closures 2023 - Interesting stats from S&P Global in 2023 the top 5 banks in net closures had 932 net closures and those banks were Wells Fargo, U.S. Bank PNC Truist M&T Bank. In terms of top net openers that total was 70. Those banks include JPMorgan Chase & Co., TD, Cullen Frost, Univest ServisFirst Bank. So while there are some announcements about branch expansion it is important to put it context. 2023 saw a net closure of 862 branches. Trend is still down and while strategic branch additions make sense for new geographies, overall the shrink is on!. #digitalmigration #digitalfirst #channels #digitaltransformation #digitalbanking Ryan Brogan Mary Wisniewski Chris Miller Amanda L. Swanson, IMC M.S.

Longtime underperformer Citigroup stands out from the other banks. First, it beat Morgan Stanley’s price target by a whopping 20%, increasing from $66 to $79. Second, and perhaps most important, it has the DNA of a great American bank, but for the past 15 years has performed like a mediocre regional one. After falling from a high of $550 in May 2007 it’s been trapped between about $30 in April 2009 and $81 in January 2020, leading to reports that other banks regarded Citi as a “laughingstock.” While Citi published its quarterly report earlier this month, showing net income of $3.2 billion, or $1.52 per diluted share, the true scale of the bank’s accomplishment was difficult to appreciate until now. So how did Citigroup CEO Jane Fraser pull off the turnaround? A closer look at Citi’s recent earnings reports helps paint the picture. Read more: