Joe Morford
Joe Morford
encouraged loan margin stability strength trends underlying
The underlying trends look positive, and I'm encouraged by stability in the margin and strength in loan growth.
loan number trends underlying
The bottom-line (earning-per-share) number was a little better than expected, but some of the underlying trends showed some softness, particularly the loan and deposit growth.
bank behind companies focus growing shifted
The distraction from the integration of two companies is behind them. The focus has shifted to growing the bank in a competitive environment.
attacked bottom cost drop expenses helps mortgage percent preserve quarter saw side time
Mortgage revenues were down for the quarter but at the same time (Wells) aggressively attacked the cost side of the business. We saw a 13 percent annualized drop in mortgage-related expenses in the quarter. That helps to preserve the bottom line.