Investor Presentaiton
Recent Trends in RESG Loan Originations and Repayments
Quarterly RESG Originations ($ billions)
Quarterly RESG Loan Repayments & Other Activity ($ billions)
FY2019
FY2020
Q1
FY2018 $1.00 $1.19
$1.86
Q2
Q3
Q4
Total*
$1.47 $1.08
$4.74
FY2018
$1.15
$2.03
$1.44
$6.48
FY2019
$1.76
$1.67 $1.40
$1.77
$6.59
FY2020
$1.13 $1.54
$1.00 $0.69
Q1
Q2
$0.79 $1.40 $1.52
$1.34
$0.65 $1.19
Q3
Q4 Total*
$1.11 $4.82
$1.66 $5.67
$3.54
FY2021
$1.28
$1.46 $2.21
$2.99
$7.94
FY2021
$1.48 $1.68
FY2022
$3.14
$3.53
$4.35 $2.81
$13.82
FY2022
$1.31 $2.34
$1.34 $1.72
$1.28
$6.22
$0.72 $5.65
FY2023
$1.81
$1.41
$1.95
$5.17
FY2023
$0.91 $1.03 $1.10
$3.04
*9M23 Not Annualized
*9M23 Not Annualized
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RESG loan originations were $1.95 billion in the third quarter of
2023.
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RESG loan originations for the first nine months of 2023 were $5.17
billion following record origination volume in 2022.
Given the typical lag between RESG originations and the funding of
such loans, the record 2022 origination volume should continue to
contribute meaningfully to funded loan growth in the remainder of
2023 and 2024.
RESG origination volume in the fourth quarter of 2023 is expected
to be the highest of the year, with full year origination volume likely
to be around the level achieved in 2021.
Origination volume may vary significantly from quarter to quarter
and may be impacted by interest rates, economic conditions,
competition or other factors.
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RESG's loan repayments and other activity were $1.10 billion in the
quarter just ended and $3.04 billion for the first nine months of
2023.
RESG loan repayments have been subdued for the first nine months
of 2023 as many sponsors have been carefully monitoring interest
rates and refinance market conditions to determine when to move
projects from construction financing to bridge or permanent loans.
RESG loan repayments may vary substantially from quarter to
quarter and may have an outsized impact on our outstanding loan
balances in one or more quarters.
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