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September 04, 2019

Stephens Inc. Expands Regional Bank Research and Sales Coverage

Stephens Inc., an independent financial services firm, today announced three new hires and a promotion to its financial institutions group within institutional equity research and sales. These appointments are significant to growing Stephens’ regional bank coverage to more than 150 financial institutions across all key regions of the United States, while enhancing the firm’s sales efforts across the financial sectors.

Matt Kelley joins as a financial sector sales specialist and managing director from Piper Jaffray Companies. Mr. Kelley has more than 20 years of experience in sales and equity research focused on the regional and community bank sectors. Prior to Piper Jaffray Companies, he held positions with Sterne Agee Group, Moors & Cabot and RBC Capital Markets.

Joining Stephens’ equity research team are Matthew Breese as managing director covering Northeast Regional Banks, and Broderick Preston as an analyst covering Mid-Atlantic Regional Banks. Both were most recently with Piper Jaffray Companies. Mr. Breese has focused on regional and community banks for more than a decade. StarMine named Mr. Breese the No. 3 stock picker in 2019 and 2018, the No. 1 stock picker in 2015, as well as the No. 3 earnings estimator in 2018 and 2015 for the thrift and mortgage finance segment. Mr. Breese began his career in 2008 with Sterne Agee & Leach, Inc. Mr. Preston has worked alongside Mr. Breese covering the Northeast banks since 2016.

In addition, Gordon McGuire, who has been at Stephens since 2015, was promoted to research analyst and will expand Stephens bank coverage across the Western portion of the U.S., alongside Tyler Stafford, CFA, an 11 year industry veteran and managing director at Stephens focusing on the West and Southeast Regional Banks. Matt Olney, CFA and managing director, will continue to follow Southwest Regional Banks, while Terry McEvoy, CFA and managing director, will continue to follow Super Regional and Midwest Regional Banks. In total, Stephens now has six publishing research analysts focused on all regions of the U.S., with near-term expectations to cover 150+ community, regional, and super regional banks.

This expansion comes a few weeks ahead of the 9th Annual Stephens Bank Forum in Little Rock, AR on September 23-25, which will consist of management teams from 70+ U.S. community and regional banks, as well as institutional investors from across the country.

“With our existing team and these key additions to research and sales, we believe Stephens has one of the industry’s leading financial institutions groups. Since 2015, the firm has seen strong growth and momentum in our US Depository practice, a clear testament to the client value we deliver within Research, Sales, and Trading,” stated Nik Fisken, Executive Vice President, Head of Institutional Equities and Director of Research.

About Stephens Inc. Stephens Inc. is a full service, independent financial services firm headquartered in Little Rock, Arkansas. Since its inception in 1933, privately held Stephens Inc. has served a broad client base which includes corporations, state and local governments, financial institutions, institutional investors and individual investors throughout the United States and overseas. For more information, visit Member NYSE, SIPC.

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Chenoa Taitt, Stephens Inc.

Laura Stephens, Stephens Inc.

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