Fairfield, CA, US

Financial Reporting Manager

Analyzing this bank, offers insight into their financial performance and how a qualified Financial Planning & Analysis (FP&A) Manager could add value.

Financial Overview:

  1. Net Income & EPS: In Q4 2023,this client reported a net income of $39.5 million and an EPS of $1.48​​. This is slightly lower than the $41.6 million net income and $1.56 EPS reported in Q3 2023​​.
  2. Net Interest Income: For Q4 2023, the net interest income was $69.7 million, a decrease from $72.1 million in Q3 2023. The yield on earning assets was 4.52% in Q4, marginally up from 4.50% in Q3​​.
  3. Noninterest Income & Expenses: Noninterest income for Q4 2023 was $11.0 million, slightly down from Q3. Noninterest expenses were $25.5 million in Q4, marginally lower than $25.7 million in Q3​​.
  4. Loan Portfolio: The total loans amounted to $926.795 million in Q2 2023, with commercial loans and commercial real estate loans making significant contributions​​.
  5. Deposits & Funding: The bank has a strong low-cost deposit base, with 48% represented by non-interest bearing checking accounts in Q4 2023. The cost of funding loan and bond portfolios was very low at 0.11% in Q4​​.

Value Add of an FP&A Manager:

  1. Strategic Financial Planning: An FP&A Manager can enhance strategic financial planning by analyzing current financial trends, forecasting future performance, and providing insights for better decision-making.
  2. Budgeting and Forecasting: They can improve budgeting processes, ensuring efficient allocation of resources and aligning spending with strategic objectives.
  3. Performance Analysis: By conducting a detailed analysis of financial results, such as profit margins, cost analysis, and revenue trends, an FP&A Manager can identify areas for improvement and growth opportunities.
  4. Risk Assessment: They can provide comprehensive risk assessments, especially concerning loan portfolios, investments, and interest rate changes, to mitigate potential financial risks.
  5. Efficiency Improvements: By identifying inefficiencies in current financial processes or operational areas, an FP&A Manager can recommend changes to enhance overall financial performance.
  6. Competitive Analysis: Understanding the competitive landscape and benchmarking against industry standards can help this client position itself more effectively in the market.
  7. Regulatory Compliance: An FP&A Manager can also ensure that financial planning and reporting are in compliance with regulatory requirements, reducing the risk of penalties or legal issues.
  8. Data-Driven Decision Making: They can leverage financial data to provide actionable insights, supporting informed decision-making at the executive level.

In conclusion, a qualified FP&A Manager can bring significant value to this Bank by enhancing financial performance analysis, strategic planning, risk management, and operational efficiency. This role is crucial in navigating the complexities of the financial sector and sustaining the bank’s growth trajectory.

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