CorpusColossus

Watching through a telescope from atop the Citadel, waiting for an opportunity to tell Rictus what to do. All to build a better world, of

[CorpusColossus @CorpusC0l]

"Do not my friends become addicted to water. It will take hold of you and you will resent its absence." - Immortan Joe.

Not financial advice.

[CorpusColossus @CorpusC0l]

As $PNFP moves the HQ to Atlanta, they can pick up all the managerial "talent" being forced out by the new regime at $TFC.

Subtraction through addition.

[boz @bloggingsbyboz]

I just read the medical details about what screwworm is, how it spreads, and the various dangers it poses. It's gross. I do not recommend. I will now try to return to political analysis and never think about this again.

[CorpusColossus @CorpusC0l]

Barney Frank is one of the smartest guys I've ever met and could forecast laws' 2nd order effects.

He was also extremely cynical.

I wonder if we will ever know if his efforts were designed to better the country or irritate an establishment that had forfeited its right to lead.

[CorpusColossus @CorpusC0l]

So was Elton's brother a fascist or Franco was not?

Stay here for more logical cul-de-sacs.

[CorpusColossus @CorpusC0l]

Seriously overthinking things, Vol. 1:
In Elton John's 1973 song "Daniel", he sings "Daniel says it's (Spain) the best place he's ever seen".

But, at the time, Spain was still under the Franco dictatorship.

[CorpusColossus @CorpusC0l]

increment to 50bps would more than double the number of names to investigate more fully. $TBK and $KISB show up twice, dozens show up once.

[CorpusColossus @CorpusC0l]

This is my quarterly roll call of the US banks with $1B+ in assets with material (100+ bp) deterioration in loan quality in the last quarter. There are many new names but the damage is still in pockets and not widespread - in other words, problems come from mistakes not

[CorpusColossus @CorpusC0l]

The * indicate that nonaccruals fell due to the writedowns, as they should.

Why use 100 bps as the cutoff? To get the list out faster. Decreasing the

[CorpusColossus @CorpusC0l]

Can’t believe the stock has held up.

[CorpusColossus @CorpusC0l]

Was nervous about $SHBI's loan quality coming into the results. But not nearly nervous enough.

EPS are fine, but $50 mil. in new problems and a loan loss provision of $85,000 is troubling math.

[CorpusColossus @CorpusC0l]

$SBNC's 1Q is on its website and they lost $312/share due to stock fluctuations. Preprovision operating profits were up a bunch though.
https://t.co/5VmoXSJd8g…

[CorpusColossus @CorpusC0l]

Why is $NBBK -10% today? Last night's results did not seem so heinous.

[CorpusColossus @CorpusC0l]

$SCYT call report is out. Earnings release is not.

Looks like about $3.80 vs $2.73; credit quality now has a few blemishes vs previously pristine.

[CorpusColossus @CorpusC0l]

$DGL.AX out with revised financials after stopping trading for 6+ months. The changes in the numbers are not significant. It seems that the accountants and lawyers got fat on the shareholders' dime for very little purpose.

DGL is a chemical transport and logistics company.