by Sam Haskell | Apr 5, 2021 | Corporate Governance
The secrets of the proxy are a few clicks away Skip Hageboeck runs one of the banking industry’s most consistently profitable banks – City Holding in West Virginia (CHCO) – but he was frustrated during a recent conversation. Too many of his merger...
by Sam Haskell | Sep 13, 2021 | Corporate Governance
Last week Pacific Enterprise (PEBN) announced it was selling to Bay Commercial (BCML). Pacific Enterprise is a $650 million, 1-branch bank in Irvine, CA with 1/3 of loans in PPP, typically earning 7% ROE at 65% efficiency. Normally PEBN holders would read the merger...
by Sam Haskell | Jun 29, 2021 | Corporate Governance
We have gotten a number of questions about what digital currencies mean, so below is a brief primer on their current status and potential impact. While this topic may seem wonky today, we will all at some point in the next few years likely have the option of a digital...
by Sam Haskell | May 10, 2021 | Banks, Future of Banking
Owning a basket of the most efficient banks is a consistently outperforming strategyUpcoming forced selling brings a few opportunities. Sort for efficiency among the forced selling We are currently entering an unusual season, when up to 80 banks are added, but mostly...
by Sam Haskell | May 4, 2021 | Banks, Fintech
4 strategies to outperform in a niche investment corner are below. One of the strategies (buybacks) is likely to hold up well even in a choppy market backdrop. The liquidity conundrum: A number of clients tell us they have their cups overflowing with liquidity, but...
by Sam Haskell | Apr 19, 2021 | Banks, Fintech
Coastal Financial is a bank that has found a way to get pricing power. A few months ago I asked a colleague about Coastal Financial (http://www.coastalbank.com), a community bank outside Seattle. The stock was rising but the company generated mediocre returns –...
