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VIST Financial Corp Message Board

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  • carciofo60 carciofo60 Oct 15, 2009 4:30 PM Flag

    Do you believe this!

    Glad to see someone out there has some faith in this financial institution. You seem pretty knowledgable, so what's their market strategy other than to underperform now that they are "loaded" with all this TARP money?

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    • Well a good quarter for these guys. A simple recap is as follow's.

      Margins up, loan originations up, core deposits up.

      Loan loss provisions adequate. very little in non conforming loans. Other businesses strong and stable.

      Down side there is still high unemployment in the areas. OTTI hit of $2 million. If they did not decide to take the hit there they would of blown out earnings.

      These should be some of the facts your looking for Carcio. I am a buyer and will make money in this name.