StoneCastle Financial Corp (NASDAQ:BANX) Q2 2021 Earnings Conference Call August 5, 2021 5:00 PM ET Company Participants Julie Muraco - IR Sanjai Bhonsle - CEO & Chairman Patrick Farrell - CFO Conference Call Participants Christopher O'Connell - KBW Operator Welcome to the StoneCastle Financial Corp. Q2 2021 Investor Conference Call. [Operator Instructions]. As a reminder, this conference is being recorded. Now I would like to turn the call over to Julie Muraco, Investor Relations of StoneCastle Financial. ...

StoneCastle Financial (NASDAQ:BANX) Q1 2021 Earnings Conference Call May 13, 2021 5:00 PM ET Company Participants Julie Muraco - Investor Relations Sanjai Bhonsle - Chairman and Chief Executive Officer Patrick Farrell - Chief Financial Officer Conference Call Participants Christopher O'Connell - Keefe, Bruyette, & Woods, Inc. Operator Welcome to the StoneCastle Financial Corp. Q1 2021 Investor Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follo ...

StoneCastle Financial (NASDAQ:BANX) Q4 2020 Earnings Conference Call March 1, 2021 5:00 PM ET Company Participants Julie Muraco - Investor Relations Sanjai Bhonsle - Chairman & Chief Executive Officer Pat Farrell - Chief Financial Officer Conference Call Participants Chris O'Connell - KBW Operator Welcome to the StoneCastle Financial Corp. Q4 2020 Investor Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator I ...

StoneCastle Financial (NASDAQ:BANX) Q3 2020 Earnings Conference Call November 12, 2020 5:00 PM ET Company Participants Rachel Schatten - General Counsel Sanjai Bhonsle - Chairman & Chief Executive Officer Pat Farrell - Chief Financial Officer Conference Call Participants Chris O'connell - KBW Bryce Rowe - National Securities Devin Ryan - JMP Securities Operator Welcome to the StoneCastle Financial Corp. Q3 2020 Investor Conference Call. At this time, all participants are in a listen-only mode. A question-an ...

StoneCastle Financial (NASDAQ:BANX) Q2 2020 Earnings Conference Call August 6, 2020 5:00 PM ET Company Participants Rachel Schatten – General Counsel Sanjai Bhonsle – Chairman and Chief Executive Officer Pat Farrell – Chief Financial Officer Conference Call Participants Operator Welcome to StoneCastle Financial Corporation's Q2 2020 Investor Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] Pl ...

StoneCastle Financial Corp. (NASDAQ:BANX) Q1 2020 Earnings Conference Call May 7, 2020 5:00 PM ET Company Participants Rachel Schatten - General Counsel & Chief Compliance Officer Sanjai Bhonsle - Chairman & Chief Executive Officer Patrick Farrell - Chief Financial Officer Joshua Siegel - Founder & Chief Executive Officer, StoneCastle Partners Conference Call Participants Chris O'Connell - KBW Brian Mckenna - JMP Securities Operator Greetings, and welcome to the StoneCastle Financial Corp. Quarter One Finan ...

StoneCastle Financial (NASDAQ:BANX) Q4 2019 Results Conference Call February 27, 2020 5:00 PM ET Company Participants Rachel Schatten - General Counsel Josh Siegel - Chairman Sanjai Bhonsle - CEO Pat Farrell - CFO Conference Call Participants Devin Ryan - JMP Securities Chris O'Connell - KBW Operator Greetings, welcome to the StoneCastle Financial Corp Fourth Quarter 2019 Financial Release Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow t ...

StoneCastle Financial (NASDAQ:BANX) Q3 2019 Earnings Conference Call October 30, 2019 5:00 PM ET Company Representatives Josh Siegel - Chairman, Chief Executive Officer George Shilowitz - President Pat Farrell - Chief Financial Officer Rachel Schatten - General Counsel Conference Call Participants Brian Mckenna - JMP Securities Chris O'Connell - KBW Operator Greetings ladies and gentlemen and welcome to the StoneCastle Financial Corp, Q3 2019 Investor Conference Call. At this time all participants are in a ...

StoneCastle Financial (NASDAQ:BANX) Q2 2019 Earnings Conference Call August 8, 2019 5:00 PM ET Company Participants Rachel Schatten – General Counsel Josh Siegel – Chairman and Chief Executive Officer Pat Farrell – Chief Financial Officer Conference Call Participants Brian Mckenna – JMP Securities Chris O'Connell – KBW Operator Greetings, welcome to StoneCastle Financial’s Second Quarter Financial Release Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer sessio ...

Financial Data and Key Metrics Changes - Net investment income for Q1 2019 was $2.5 million or $0.38 per share, a decrease of $0.04 from the prior quarter [7][17] - Total assets were approximately $181.3 million, with the value of the invested portfolio at approximately $173 million [7][21] - The net asset value (NAV) at the end of the quarter was $21.63, up $0.20 from the prior quarter, primarily due to market recovery [7][16] Business Line Data and Key Metrics Changes - The estimated annualized portfolio yield was approximately 9.29%, despite a call of $17.5 million from three investments [9][10] - The gross income for the quarter was $4.2 million or $0.65 per share, while net operating expenses were $1.7 million or $0.27 per share [17] Market Data and Key Metrics Changes - Debt offerings by U.S. banks and thrifts were down 48% in Q1 2019 compared to the same period in the previous year [8] - Bank demand for capital remains below historic norms, contributing to stronger credit quality in the existing portfolio [12] Company Strategy and Development Direction - The company emphasizes a disciplined investment approach referred to as "patient capital," focusing on long-term yields and capital preservation [10][11] - The company is exploring alternative investments within the community banking sector and is actively working on expanding its investment pipeline [31][49] Management's Comments on Operating Environment and Future Outlook - Management believes the company is late in the current credit cycle and anticipates a normal market correction, but does not expect a crisis of the magnitude seen in 2008 [12][44] - The company is positioned to take advantage of future opportunities as they arise, with a focus on maintaining credit quality [12][13] Other Important Information - The company has a dividend yield of 7.1%, which is nearly three times higher than the average community bank [21] - The company is seeking shareholder approval to convert to a Delaware trust, which would result in annual tax savings of $90,000 [59][60] Q&A Session Summary Question: Were the call proceeds in the quarter idiosyncratic events or indicative of underlying trends? - Management indicated that the call proceeds were more idiosyncratic, with no significant underlying trends driving them [24][25] Question: Is there any leverage to generate additional yield or earnings in the intermediate term? - Management is working on several opportunities but emphasizes the importance of not sacrificing long-term returns for short-term gains [26][27] Question: Who is refinancing the deals in the current market? - The refinancing is primarily being driven by insurance companies seeking long-term assets to match their liabilities [33][34] Question: What is the outlook for banks with robust loan growth? - Management noted that while some banks are growing aggressively, many are being cautious due to potential credit risks [40][41] Question: What are the potential impacts of the next credit cycle? - Management believes the next cycle could occur in 12 to 24 months, with potential losses manageable within the capital structure of banks [44][46] Question: What are the advantages of converting to a Delaware trust? - The conversion would provide tax savings of $90,000 annually, benefiting shareholders without any downside [59][60]