#ShitBank
CEO hears from the owners!
$BFIN
“Jeez, 1.2 x $12.45, that's like happy land”
“What's the role of the Board of Directors in terms of your on under-performance”
The
#ShitBank
known as BankFinancial $BFIN has hired security for today’s annual meeting. No word on whether the cost will be similar to the extra $198k for extra snow plowing or if the CEOs brother-in-law is the vendor.
So much
#ShitBank
malfeasance and skull duggery to report this proxy season.
Here we have $PWOD selling shares via ATM at 80% of book value to fund exorbitant salary of an ass-hat CEO, named Dick Grafmyre. No wonder he’s smiling. He’s robbing the owners blind.
This is what happens when you stuff your bank w/ long dated mortgages and securities while paying ridiculous salaries to CEOs who play golf most every day and then have to start paying up for deposits.
#ShitBank
#TakeUnder
$TBNK
Down 47% over 17 years..
This is NOT a “Rescue”,
@KatLeighDoherty
Some of us are tired of the disingenuous headlines.
Both $PACW and $BANC stocks are sharply higher after the news of this traditional bank merger.
$RF
@RegionsBank
not impressed with the fat board stipends and paltry shareholdings of directors Mark Crosswhite and particularly Noopur Davis. Come on man, 50 shares?
The AOCI dissipation of equity award for this cycle goes to First National Bank of Shiner (yeah ok, it’s a real black eye) Texas
Thanks
@bankinvesting
When a
#ShitBank
reports 19 c vs 70 c
they say stuff like “we have survived wound after wound, not of our own causing as we continue to deliver to our shareholders, customers, and our staff members extraordinary results.”
$FGBI
Curmudgeonly
#OurBank
rarely (never?) praises analysts but after this $C guy hung in on $WAL so rightly last year and this common sense look at $NYCB deserves a 🫡 and a 👍
Finally one of the 🤡🤡responsible for putting the $900M in acquired deposits into LT securities and and then borrowed at 4-5% to fund loans was put out to pasture.
He should have been fired 2 years ago.
Shareholders are $500M + worse off due to his stupidity.
Mark Secor $HBNC
Dayum! Thought some of these small bank grifters were brazen.
Caught the $RF 8k today.
Some real votes cast against some egregious BS.
CEO has $33M in a deferred comp package?
@RegionsBank
42M shares voted against him. Doubt the rest of the enablers will care though.
It’s stunning how fast Jeff Dick has turned $MNSB into a
#ShitBank
that should be sold.
Now he brags about being profitable and falsely claims to have only made one mistake w/ Avenue.
$HMST shareholders voted down the golden parachute payouts, but the vote was merely a formality as it was non-binding and execs will still get their payments:
WTF- $BWFG Chief Credit Officer Christine Chivily and Chief Innovation Officer
Ryan Jason Hildebrand both sold stock the day before this?
If the CCO didn’t know on the 1st when he sold he should be fired and if he did know, he should be both fired AND prosecuted.
$WLFC- Willis IV and son, who are trying to steal Willis from the public shareholders,
also reached deep into the cookie jar to take another $16M before the next attempt.
Cc
@blondesnmoney
Imagine buying this converted
#ShitBank
on day 1 in 2005 because it’s Chicago at a discount to its $14ish book and waking up today to find the clowns had reduced it over 17 years to $11.70. $BFIN is 30% lower. 🪓💀☠️
Not all mutual conversions are created equally.
Maybe teach the students who want to be bankers how not to burn your book value by overpaying for your own stock, overpaying for acquisitions and buying LT 2% bonds and then buying another bank that blew up its securities book so the guy who did it can run yours.
$EBC $CATC
Congrats to our Chair and CEO, Bob Rivers, who is an honoree tonight at the 2024 UNCF 80th Anniversary "A Mind Is..." New England Gala to receive a Leadership Award that recognizes his efforts to advance educational and professional opportunities for deserving students.
#UNCF
Perhaps we’re getting too crusty at
#OurBank
. In
@Ron284Ron
‘s honor,
Here are some other fine banks besides $QCRH.
$EFSC $ESQ $FFBB $OSBC $TCBK $TRUX $TFIN
#ShitBank
that recently raised at 77% of book pays out a dividend and splits hoping to clear the overhang from the guy who wants out for less than the raise price…$WRIV
$FRBK
What did we just listen to?
Operator: “Next question from Abbott Cooo… (silence)” then “No further questions”
Vern- Please give us back our voices and give us back
#OurBank
before it becomes any more like $MTRO Metro Bank!
attn: bank CEOs with valuations well below TBV and low yielding, long duration assets, pls call your local investment banker immediately to find out if "First Bidder" and "Second Bidder" are still hunting for banks to buy:
Wanted for bank robbery
Carlos P Naudon, 72 of New York
$PDLB
@PonceBank
Makes 56,000 fraudulent micro loans, takes exorbitant salary and bonus, then returns to crime scene for incentive options.
Ceo w/ none of his own capital invested in stock and whose previous acquisition came a cropper is bullish on his new acquisitions that he overpayed for! $LCNB 🤡🤮
It takes a special kind of ass clown to sell new shares at a 20% discount to book value in order to pay oneself a fat salary and maintain an even fatter dividend. $PWOD ☠️💀🪓🤮
Sunday night bank proxy
$LNKB
The 21 member
@LINKBANKBanking
Board of Enablers (a few w/ paltry holdings) paid $1.2M in bonuses to a CEO who has presided over a 5 year 45% decline in the stock price.
BREAKING: Saule Omarova has withdrawn for consideration to be the next comptroller of the currency.
@POTUS
has accepted. Some Republicans suggested Ms. Omarova was a communist. Banks fiercely opposed her, w/some lobbyists echoing qs on her "Soviet" origins
$BFIN
Good Grief man! What the hell are you talking about?
The stock is down 25% from the first trade after the IPO 18 years ago.
What “shareholder returns” ?
Your market cap is $55M below the latest Russell cutoff.
What kinds of fools do you take your investors for?
$TBNK
Gotta make those net worth covenants in the merger agreement somehow so the CEO can get the max payout on his options and jeep making those daily tee times at the golf course.
Another new low for $PWOD, so gotta post the dunce’s picture again.
Reminder, he has an ATM going at sub 70% of book to fund the dividend and fat salary for himself and stipends for his board of enablers.
@siyul
Disgusting that Wally Dahya owned about zero $NYCB shares that he paid for, made $320k last year, sits on the comp committee that paid CanMan $6M
and runs like a scalded dog when it looks like his free options will expire worthless. WTF
Mainstreet Bank $MNSB stock is down 26% over the past year as the chickens from the $14M foray into BaaS come home to roost via severe reductions in earnings, yet CEO Dick gets a fat raise as his Board of Enablers whistle Dixie.
1) What fresh hell are these ass clown banksters inflicting on the HODLRS of $CYSM ?
A few months ago, they stole 8% of the bank and now they look like they want to make it impossible for shareholders to elect someone to represent them on the board.
Saturday Bank Proxy Disgust
$BHRB
Some may check boxes, but they do NOT represent the owners.
Kathy Bonnafé calls herself bold, but 200 shares after 6 years at $161,230 per is insulting. You don’t need the free lunches and you are NOT bold.
Saturday bank proxy- $EVBN
We’ll give the new directors a pass on paltry ownership, but this consultant to rich people has been here 26 years. 600 free shares/year add up to about what he holds. Time to move on Tommy Waring.
🤡 CEO who spent 18 years reducing book value by 20% says what?
“decision to invest in the resources necessary to become a performance-leading commercial lending and commercial deposit franchise. We were pleased by our significant growth in loan originations activity”
$BFIN
The
#ShitBank
known as $BFIN
Dropped its call report. Earnings SB about 17c. The 46th straight quarterly miss. NPAs improved. Looking forward to CC.
blob:
Hard to believe there’s a converted thrift that destroyed value faster and at a quicker pace, and wanted to pay themselves more than the 🤡🤡🤡s at $BFIN but $BFLY is doing it.
“As investment securities mature, principal is paid down or if rates decrease, the accumulated other comprehensive loss will decrease and may turn positive.”
Don Cherry, “If my Aunt had nuts she’d be my Uncle.”
We’re clear though. The dollar returns don’t justify the cost in time and effort. There are plenty of cheap banks w/ good honest managements that are just as cheap.
@shaskell12
and
@hootrm3
are right. Better to pay up for stars.
$CCB $CFBK $CFST $TRUX $EMYB $LOB
See the
#ShitBank
North Dallas Bank & Trust cut its Dividend from .33 to a thin dime after spending $12M for a new office.
Good news! $NODB no longer needs to prove they are a
#ShitBank
!
This seals it.
Hello Compensation Police!?
We’d like to report another financial crime please. Yes,
The $PWOD enablers give CEO Dickie twice as much as their neighbor $NWFL pays and $NWFL is bigger and a far better performer, in fact, $PWOD is a
#ShitBank
.
Can you arrest them please?
Diane Cavanaugh
HELL NO!
U own 500 shares of $NECB after sitting on this board for 30 years. You took $52,375 in fees last year.
500 shares? Are you serious?
@LyonsMcGovern
Why does the
#ShitBank
known as $C
@Citi
trade at 56% of book value?
Check the proxy- the clown director most involved in the eternal restructuring rakes in the better part of $1MM / yr, was wealthy already, and has bought almost no $C stock.
Why should we?
💀☠️🪓☠️💀😩🤯
$CNAF
💣💣💣 not sure we’ve ever seen this kind of non-credit related incineration of equity ever before…
Perhaps $CIZN or $FRBK can give these 🤡🤡🤡 a run for their shareholders’ money.
Bank Proxy disgust. $BFIN
Target ROE for CEO bonus < 5%
In his 19 years at the helm as a public company, TBV is DOWN by 15% and a director on only one stupid committee is disinterested in the stock.
If ever a bank hasn’t earned it’s independence, this is it.
PLEASE SELL!
If your bank stock went down today, it’s highly likely to be a
#ShitBank
- in 1 form or another.
Looking at you, $BKUTK $FIEB $FMBM $GNRV $MCPH $MNBP $NODB $ORPB $PFBX $PGNN $PPBN $SLRK $TBBA $TCNB $TDCB $WVFC
The 2022 Free Lunch Award in banking goes to $MNMB Merchants & Marine Bank, which paid a premium to buy a dilapidated branch in another state across the street from a nice $FBMS store when their own stock was 56% of book. Too many own ZERO.
Thanks for the idea
@colarion
!
$NECB Proxy out
We’re all for Management’s bennies- Ken and Jose deserve it. The grifting board- not so much. Disgusting. They never owned much stock and have grifted for decades, rubber stamping anything Ken wanted, especially Thomas & Cavanaugh.
#OurBank
interrupts the regularly scheduled program to bring you a very decent quarter result.
Coastal Carolina Bancshares, Inc. Announces Third Quarter Results - My CCNB
Apropos to the
@colarion
comment about bankers treating shareholders as partners and Hoppy Cole being one of them, at the other end is Chevis Swetman, also of Mississippi.
While $FBMS is up 5 fold since 2009,
$PFBX is DOWN 25%.