Sentiment Analysis of the earnings transcript to help figure out if there are any bullish or bearish sentiments that could be gathered from it. We're doing ML and AI based analysis on the earnings call to get some more insights.
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| So we could see some improvement in non-interest income from all those sources, including, I might add, the Treasury Services side, where we're adding fee income due to paying agency services on the commercial side |
| If you look at our dividend yield obviously that's a function of stock price too which we'd all hope to improve and as noted earlier has improved |
| And the one positive compliment that we can give you is that, you've done a great job building and maintaining what we'd say is a really attractive deposit franchise |
| Morgan Gasior As far as the dividend return, we've had a good dividend return |
| So that benchmark is – can we do as well as our peers are doing and provide a good dividend return? You know it's just been a long time that we have.. |
| It's actually better than some of our peers |
| And we did have -- we had good utilization in the quarter |
| And so, yes, we have improved outlook and hefty capital, but all negatives really speak for themselves |
| We would have very good asset quality as you – as noted credit quality is improving |
| And that would mean interest earning assets can stay stable and we can enjoy the benefit of keeping money working |
| But we've had a good steady dividend going forward |
| The fee income side, we have some opportunities to improve fee income even on the retail side |
| So the strength of the portfolio in multifamily and our lower-risk commercial real estate seems to be serving us well |
| But at that point we should have materially lower interest expense and get the benefit of further expansion in net interest margin |
| Their credit profile with us is strong so we're able to work with them |
| And if you look at the distribution, the real estate portfolio continues to perform well |
| So those are the two drivers of an improvement in net interest margin is as I said earlier protect the interest income side, expand it through reinvestment, and then do it within a reasonable duration so that even into 2025 and 2026 should we go down to a lower environment a set of higher for longer, we would enjoy the protection of those assets at today's yields, which will look phenomenal compared to the yields of nine months or a year from now |
| We have some good opportunities that we're working through in the lessor finance |
| As far as credit trends are concerned, the Corporate portfolio continues to perform very, very well |
| If you'd like to talk about it off-line we're happy to do so |
| You've done a good job with your deposit costs and we'd say that in your market area, you've got a lot of scarcity value |
| The ability to have higher yields on originations and more efficiency in the income statement as a result of that will certainly help |
| So that was a significant benefit to us |
| Those are longer sales cycles, but we've enjoyed some growth in the top line in the Trust Department |
| And we've been taking advantage of that throughout the last quarter or so by rolling some cash into medium to short-medium-term CD investments, which have currently been yielding better than Fed funds so north of 540 |
| While our stock price has improved a bit since the last quarter and the last time we spoke that's semi-good news I hope |
| But we are starting to see better interest in originations than we did say in second and third quarter and even early fourth because the yield curve has shifted |
| I think you could be doing a much better job |
| We're going into 2024 with some reasonably good pipelines in the health care space |
| Happy New Year to your guys |
| Statement |
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| Obviously, people are concerned that there could be a recession may be less concerned after 3.3% GDP growth in the fourth quarter but still concerned |
| In the fourth quarter, we had a decline in interest income of about $200,000, principally due to just a decline in interest-earning assets |
| That obviously dampened activity on a number of levels |
| We had lower overall volumes |
| We still think there could be some uncertainties in the market |
| We'll have every once in a while a default in the small-ticket portfolio |
| And then the second component in the fourth quarter was the lower origination activity, line activity, intra-period line activity |
| So, if you took those three cases out, we were down to something like 15 18 basis points |
| So when you look at the originations for the quarter they were down |
| That was a negative contributor in 2023 due to market rates |
| Your efficiency ratio is just too high |
| The difficulty of course is utilization |
| We had a bit of a decline principally in public funds, which is kind of expected and seasonal |
| Are you seeing any of that weakness? I know you talked about the two government leasing issues |
| Unidentified Analyst And I find that your cowardice in addressing issues that affect all public shareholders is severely -- is staggering |
| But I would expect that especially year-over-year to decline obviously |
| Well, certainly, as I said earlier, we've already seen a certain amount of decline in the United States Treasury curve |
| Obviously, those are somewhat weaker companies potentially higher credit risk and so the spreads are a little wider out there |
| The challenges we face in terms of what happens to us some of which is out of our control, we face squarely and we do the best we can with it |
| And given where credit quality stands right now, we would not expect it to recur |
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