Happy Friday!!!
Crazy to think that we are closing out the third quarter and starting 4Q2023 already – time certainly goes by fast!!! Here is the Uncle Sean Update for 9/29/23:
Random Uncle Sean stuff:
Have a GREAT weekend and please stay safe!!! Uncle Sean Sometimes known as Sean Mayo – contact me directly for scope and pricing of custom reports / analysis projects at smayo@fedfis.com | 214-604-6961 – or you can contact FedFis Sales Team at 512-960-0911 | info@fedfis.com #FedFisHasTheData FedFis FedFis, LLC disclaimer – The views and opinions of Uncle Sean are of his own and may not necessarily represent the views, endorsements, and/or opinions of FedFis, LLC – we all know he’s a little bit different; but that’s why we love him. Happy Friday!!!
Ahhh – welcoming the first day of fall this Saturday (autumnal equinox) – but it’s still 100 degrees here in Texas!!! 🥵 Here is the Uncle Sean Update for 9/22/23:
Random Uncle Sean stuff:
Have a GREAT weekend and please stay safe!!! Uncle Sean Sometimes known as Sean Mayo – contact me directly for scope and pricing of custom reports / analysis projects at smayo@fedfis.com | 214-604-6961 – or you can contact FedFis Sales Team at 512-960-0911 | info@fedfis.com #FedFisHasTheData FedFis FedFis, LLC disclaimer – The views and opinions of Uncle Sean are of his own and may not necessarily represent the views, endorsements, and/or opinions of FedFis, LLC – we all know he’s a little bit different; but that’s why we love him. Happy Friday!!!
Don’t forget to sign up here to have the Uncle Sean Update and the Fintech Cowboys delivered straight to your inbox every week! Here is the Uncle Sean Update for 9/15/23:
Random Uncle Sean stuff:
Have a GREAT weekend and please stay safe!!! Uncle Sean Sometimes known as Sean Mayo – contact me directly for scope and pricing of custom reports / analysis projects at smayo@fedfis.com | 214-604-6961 – or you can contact FedFis Sales Team at 512-960-0911 | info@fedfis.com #FedFisHasTheData FedFis FedFis, LLC disclaimer – The views and opinions of Uncle Sean are of his own and may not necessarily represent the views, endorsements, and/or opinions of FedFis, LLC – we all know he’s a little bit different; but that’s why we love him. Happy Friday!!!!
It was a short week due to the Labor Day Holiday, but still a very productive week!!! Here is the Uncle Sean Update for 9/8/23:
Random Uncle Sean stuff:
Have a GREAT weekend and please stay safe!!! Uncle Sean Sometimes known as Sean Mayo – contact me directly for scope and pricing of custom reports / analysis projects at smayo@fedfis.com | 214-604-6961 – or you can contact FedFis Sales Team at 512-960-0911 | info@fedfis.com #FedFisHasTheData FedFis FedFis, LLC disclaimer – The views and opinions of Uncle Sean are of his own and may not necessarily represent the views, endorsements, and/or opinions of FedFis, LLC – we all know he’s a little bit different; but that’s why we love him. Happy Friday and Happy Labor Day Weekend!!!
Hard to believe we are already in September (although the 100+ degree heat is still sticking with us for now here in Texas)… Here is the Uncle Sean Update for 9/1/23:
Okay - it was kind of a light news week headed into the Holiday Weekend, so here is a quick “off the rails” unsolicited M&A commentary from Uncle Sean….
👀 Well, somehow Credit Unions didn’t get my memo above on M&A slowdown…. 😬 LOL!!!
So – I don’t know if this was coincidence or if there is a strong trend forming (I broke my crystal ball years ago; and sometimes it’s okay to say “I don’t know” LOL). But the punchline from what I see is that these are all very small banks (add all 5 together and you barely get to $1B in total assets) – pretty much the M.O. of CU acquisition of BK targets. Almost all have loan concentrations in RE (both Res and CRE) which make sense from a CU perspective as well as local deposit market / limited branch footprint. Worth noting that several of these small banks had yields on average earning assets north of 5% which is pretty good comparatively speaking right now; and only two had larger emphasis on securities with only one that had material unrealized losses on securities. Also of interest is the significant cash position for First National Bank Northwest Florida of $95M (total assets are only $169M with a Cost of Funds of only 1.1% and pushing 5.24% Yield on Avg Earning Assets - and a roughly 50% CRE emphasis drawing 6.8% Yield – WOW).
Random Uncle Sean stuff:
Have a GREAT Labor Day Weekend and please stay safe!!! Uncle Sean Sometimes known as Sean Mayo – contact me directly for scope and pricing of custom reports / analysis projects at smayo@fedfis.com | 214-604-6961 – or you can contact FedFis Sales Team at 512-960-0911 | info@fedfis.com #FedFisHasTheData FedFis FedFis, LLC disclaimer – The views and opinions of Uncle Sean are of his own and may not necessarily represent the views, endorsements, and/or opinions of FedFis, LLC – we all know he’s a little bit different; but that’s why we love him. Happy Friday!!!
GREAT news!!!! We welcomed Tanner and Bre’s baby girl into the world this week!!!!!! She is precious and absolutely perfect. Both Mom and Baby are doing great (and Dad is pretty much okay too – LOL)!!! 💗🍼 Here is the Uncle Sean Update for 8/25/23:
Random Uncle Sean stuff:
Have a GREAT weekend and please stay safe!!! Uncle Sean Sometimes known as Sean Mayo – contact me directly for scope and pricing of custom reports / analysis projects at smayo@fedfis.com | 214-604-6961 – or you can contact FedFis Sales Team at 512-960-0911 | info@fedfis.com #FedFisHasTheData FedFis FedFis, LLC disclaimer – The views and opinions of Uncle Sean are of his own and may not necessarily represent the views, endorsements, and/or opinions of FedFis, LLC – we all know he’s a little bit different; but that’s why we love him. Happy Friday!!!
Don’t forget to sign up here to have the Uncle Sean Update delivered straight to your inbox every week along with the FinTech Cowboy’s interviews and Bobby’s Data Timeout (12,000 subscribers and growing). Here is the Uncle Sean Update for 8/18/23:
Random Uncle Sean stuff:
Have a GREAT weekend and please stay safe!!! Uncle Sean Sometimes known as Sean Mayo – contact me directly for scope and pricing of custom reports / analysis projects at smayo@fedfis.com | 214-604-6961 – or you can contact FedFis Sales Team at 512-960-0911 | info@fedfis.com #FedFisHasTheData FedFis FedFis, LLC disclaimer – The views and opinions of Uncle Sean are of his own and may not necessarily represent the views, endorsements, and/or opinions of FedFis, LLC – we all know he’s a little bit different; but that’s why we love him. Happy Friday!!!
The forecast in Austin today is for 108 degrees with wind gusts of 25+ MPH…. 😬🥵 Here is the Uncle Sean Update for 8/11/23:
Random Uncle Sean stuff:
Have a GREAT weekend, stay hydrated, and please stay safe!!! Uncle Sean Sometimes known as Sean Mayo – contact me directly for scope and pricing of custom reports / analysis projects at smayo@fedfis.com | 214-604-6961 – or you can contact FedFis Sales Team at 512-960-0911 | info@fedfis.com #FedFisHasTheData FedFis FedFis, LLC disclaimer – The views and opinions of Uncle Sean are of his own and may not necessarily represent the views, endorsements, and/or opinions of FedFis, LLC – we all know he’s a little bit different; but that’s why we love him. Happy Friday!!!
Don’t forget to sign up here to have the FinTech Cowboys and The Uncle Sean Update delivered straight to your inbox every week (powered by FedFis data). Here is the Uncle Sean Update for 8/4/23:
Random Uncle Sean stuff:
Have a GREAT weekend and please stay safe!!! Uncle Sean Sometimes known as Sean Mayo – contact me directly for scope and pricing of custom reports / analysis projects at smayo@fedfis.com | 214-604-6961 – or you can contact FedFis Sales Team at 512-960-0911 | info@fedfis.com #FedFisHasTheData FedFis FedFis, LLC disclaimer – The views and opinions of Uncle Sean are of his own and may not necessarily represent the views, endorsements, and/or opinions of FedFis, LLC – we all know he’s a little bit different; but that’s why we love him. Happy Friday!!!
WHEW – there is a lot to unpack this week, so let’s jump right in! Here is the Uncle Sean Update for 7/28/23:
Random Uncle Sean stuff:
Have a GREAT weekend and please stay safe!!! Uncle Sean Sometimes known as Sean Mayo – contact me directly for scope and pricing of custom reports / analysis projects at smayo@fedfis.com | 214-604-6961 – or you can contact FedFis Sales Team at 512-960-0911 | info@fedfis.com #FedFisHasTheData FedFis FedFis, LLC disclaimer – The views and opinions of Uncle Sean are of his own and may not necessarily represent the views, endorsements, and/or opinions of FedFis, LLC – we all know he’s a little bit different; but that’s why we love him. |