Dave Carlson

@TimyanBankAlert he big news is this: Item 4 changed from "We hope to work with management and the board to maximize shareholder value." to "We intend to seek board representation."

Stilwell fresh $CLST 13d- Increase in stake to over 8%

@dirtcheapbanks Talking about $EXSR?

Looking at this small little community bank with a ton of AOCI losses. Did some modeling though and a 100 bp rate cut could result in $35-45 million AOCI reversal. Market cap is $245 million and trading at 0.70x TBV. Could see a real structural increase in book value when rates are cut.

@PLCapitalLLC And not to mention about an equal number of credit unions.

"The number of U.S. banks has fallen 75% in the past 40 years amid a strong push for consolidation. But despite that decline, the country’s banking industry is still one of the most fragmented in the world, with 4,487 banks at the end of 2024" morganstanley.com/insights/artic…