Financial Data and Key Metrics Changes - The company reported net earnings of approximately $0.7255 per share, consistent with the previous quarter [3] - Annualized return on average assets was 1.16%, and adjusted return on average tangible equity was 16.01% [3][11] - Pre-tax, pre-provision revenues grew to a record of nearly $109 million, with a return on average assets of 1.76%, up from 1.64% in the prior quarter [4][11] - Revenue increased to a record $222 million for the quarter, driven by record net interest income of $194 million and non-interest income of $27.4 million [11] Business Line Data and Key Metrics Changes - The commercial loan portfolio grew at an annualized rate of 5%, primarily driven by commercial and industrial (C&I) production [5][12] - Non-interest income increased to $27.4 million, with solid performance from core banking fees, insurance, and wealth management [15] - The company closed approximately $742 million in new loans during the third quarter, bringing year-to-date production to $2.1 billion [5] Market Data and Key Metrics Changes - Deposits increased by $388 million, or an annualized rate of 8%, primarily driven by core deposits [4][13] - The average cost of total deposits increased by 4 basis points to 2.14% this quarter [13] - Non-performing assets improved to 0.41%, which compares favorably to peers [6] Company Strategy and Development Direction - The company remains focused on efficiently funding strong commercial loan growth and has made investments in people and capabilities to support quality deposit growth [5] - There is a strategic focus on growing non-interest income, with initiatives like Provident Protection Plus driving consistent growth [8] - The company is committed to managing credit risk while pursuing growth opportunities [6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the credit position and underwriting standards, with a modest exposure to rent-stabilized multifamily properties in New York City [7] - The company anticipates benefits from recent Fed rate cuts and expects a net interest margin in the range of 3.38% to 3.45% for the fourth quarter [12] - Management highlighted the importance of organic growth and the potential for shareholder value creation through strategic investments [42] Other Important Information - The Board of Directors approved a quarterly cash dividend of $0.24 per share, payable on November 28 [9] - Tangible book value per share increased by $0.53, or 3.6%, to $15.13 [16] Q&A Session Summary Question: Update on margin and loan repricing - The total repricing is just under $6 billion, with about $4.95 billion in floating rate loans [18] Question: Competition in loan pricing - Increased competition has been observed, particularly in the commercial real estate (CRE) sector, but the company is still building a strong pipeline [20][21] Question: Non-interest income expectations - A conservative estimate for non-interest income suggests a potential step-down due to lower loan prepayment fees and seasonality [26] Question: Capital deployment strategy - The company prefers organic growth at profitable levels, with a target payout ratio for dividends in the 40%-45% range [28] Question: Deposit costs and efficiency ratio - The overall cost of funds increased slightly, but the company is managing to maintain an attractive funding advantage [30][32]

Core Insights - Glucose Health, Inc. has appointed Christopher J. Jemapete to its Board of Directors, effective immediately, strengthening its leadership team [1] - Mr. Jemapete has extensive experience in the financial services sector, having held senior positions at notable firms such as E.F. Hutton, Shearson Lehman Brothers, and Fidelity Investments [2] - Since his retirement in 2010, Mr. Jemapete has focused on investment opportunities in the micro-cap sector, gaining insights into the challenges faced by emerging companies [3] Company Developments - Mr. Jemapete has been an early strategic investor in Glucose Health, participating in all Private Placements since 2019 and helping raise over $2 million in capital [4] - He emphasizes the importance of adequate capitalization for the company to fully implement its strategic business plan and drive revenue growth [5] - The company has established a strong retail distribution network for its products, GLUCODOWN® and FIBER UP®, through major partners including Amazon and leading pharmacy chains in the U.S. [5]

Technology & Innovation - Futarchy and unruggable capital formation are key areas of focus [1] - Zcash aims to create unruggable private money [1] - Solana is working towards unstoppable internet capital markets [1] Industry Outlook - The industry views this as a promising time to advance civilization through technology [1]

Core Insights - Enfinity Global has entered into an equity and development agreement with a European investor to develop a 486MW battery energy storage system in Italy, which will have a storage capacity of 1,944MWh and a four-hour discharge duration [1] - The company’s pipeline in Italy includes 2.6GW of solar photovoltaic and 5.3GW of energy storage projects, with 245MW already operational and 564MW under construction [2] - The partnership aims to enhance the deployment of energy infrastructure in Italy, supporting the country’s climate goals and economic growth [3] Financial Details - Enfinity Global secured €316 million ($368 million) for a portfolio of eight utility-scale solar power projects in Italy, with the funding arranged as a club deal involving ING, Rabobank, and BNP Paribas [3][4] - The financing includes €214 million of nonrecourse senior debt and €101 million allocated for VAT, letters of credit, and other project-related costs [4] Project Locations and Capacity - The solar projects are located in Emilia-Romagna, Basilicata, and Lazio, collectively generating 276MW, with an expected online date by the end of 2026 [5]

Crypto & Capital Formation - Crypto is inherently superior tech for capital formation [1] - A higher and higher percentage of successful new ventures will be birthed onchain [1] - TradFi rails are expected to be fully deprecated in 30-40 years [1]

Regulatory Landscape - SEC's Office of the Advocate for Small Business Capital Formation submitted its Small Business Forum report to Congress [1] - The report contains recommendations for improving capital-raising for small businesses [1]

Core Insights - The TexCap Conference aims to position Texas as a burgeoning capital markets hub, providing insights and networking opportunities for attendees to capitalize on the state's financial growth [1][4][6] Group 1: Event Details - The TexCap Conference will feature prominent speakers including leaders from major stock exchanges and a keynote address from Energy Transfer's co-CEO [2] - The event is scheduled for October 8 at the SMU Cox School of Business, focusing on educational sessions, panel discussions, and networking opportunities [3][8] Group 2: Industry Impact - Texas is emerging as a new epicenter for financial leadership, particularly in sectors like energy and technology, with the TexCap Conference facilitating discussions on capital formation [4][5] - The conference will provide insights on IPO strategies, the new Texas Stock Exchange, and opportunities for private companies to go public [5][7] Group 3: Organizational Support - The event is hosted by the American Association of Professional Landmen and the Texas Blockchain Council, emphasizing the importance of connecting companies with capital markets [3][10] - Endorsed by NAPE and supported by various sponsors, TexCap aims to explore and initiate deals that will shape the future of finance [8]

Crypto is the best capital formation technology we've ever seen in history.Absolutely love to see it.The Daily Degen (@thedailydegenhq):"Its validation for crypto and blockchains as a technology...That ability to form capital that quickly...Plasma is going to launch day one with multi-billion dollar stablecoin tvl..."- @sunandr_ to @therollupco discussing the @PlasmaFDN raise https://t.co/T6e4rEQOZ9 ...

RT Bitcoin For Corporations (@BitcoinForCorps)We’re excited to welcome @Nakamoto as an Executive Member of Bitcoin For Corporations!With 5,765 BTC on its balance sheet, Nakamoto ranks among the world’s top corporate holders, and is pioneering a new model for capital formation in the #Bitcoin era.In addition to stacking BTC, @Nakamoto aims to seed and support #Bitcoin treasury companies across global markets—unlocking institutional access where direct exposure is constrained. Its strategy turns jurisdictiona ...

You guys also realize that yapper UBI hunters are quite literally *not* the target audience for a capital formation platform right?Like there is 0 interest from teams or kaito to give attractive “free money” spots to leaderboard grinders - projects want strong supporters that aren’t going to nuke their chart within 24 hours of joining a sale….Don’t feel yourself into thinking you’re the client of Kaito if you’re a regular leaderboard reward hunter - you’re the product…for one of their verticals. ...