Epstein Secrets

rs Bloomberg FRC.N FRC UN Exchange NYS Ticker FRC Core NIM Upside in FY14, Growth Normalizing But Still Strong Reiterate Buy: TP +$4 to $52, Core EPS to $2.56/$2.70/$3.15 for FY13/14/15 We continue to view the stock as one of our top growth picks in the mid cap bank space. We raised our core EPS

solid fee income growth in 4Q13/FY14 to further support strong core EPS trends. Key Takeaways (see our 3Q13 First Read Alert for quarterly trends) Core NIM likely to expand in FY14 with stable interest rates. Following a modest decline in 4Q13 NIM, we expect 6-7 bps of core NIM expansion through FY14.

public Bank Alert FP.0 N Twi.t; FRC UN NYS FRC Core NIM Upside in FY14, Growth Normalizing But Still Strong Re:itorote Buy. IP t St. to $52. Core EPS to $2 56:S2.70S3.15 for FYI3/14/ I 5 We continue to view the stock as one of our top growth picks in the mid cap bank space. We raised our core EPS

we expect solid fee income growth in 4Q13/FY14 to further support strong core EPS trends. Rel-, out Sc?is First Rt,ad Alec toi qua, lac iv tiendst Core NIM likely to expand in FY14 with stable Interest rates. Following a modest decline in 4Q13 NIM, we expect 6-7 bps of core NIM expansion through FY14.

public Bank Alert FP.0 N FRC UN Twi.t; NYS FRC Core NIM Upside in FY14, Growth Normalizing But Still Strong Re:;torote Buy. IP t St. to $52. Core EPS to $2 SCPS2.70 $3.15 for FYI3/14/ I 5 We continue to view the stock as one of our top growth picks in the mid cap bank space. We raised our core EP

we expect solid fee income growth in 4Q13/FY14 to further support strong core EPS trends. Rel-, out s(2is First Rt,ad Alec toi qua, lac iv tiendst Core NIM likely to expand in FY14 with stable Interest rates. Following a modest decline in 4Q13 NIM, we expect 6-7 bps of core NIM expansion through FY14.