Financials Update

Banking analyst John Loesch discusses how COVID-19 has impacted bank stocks and how the current rate environment is impacting the sector. The views expressed are those of Diamond Hill as of May 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice. As of April 30, 2020, Diamond Hill owned Sterling Bancorp (equity), First of Long Island Corp. (The) (equity), SVB Financial Group (equity), Cadence BanCorp (equity), First Republic Bank (equity) and BOK Financial Corp. (equity). This material is for informational purposes and is prepared by Diamond Hill Capital Management. The opinions expressed are as of the date of publication and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of future results, or investment advice. Reliance upon this information is at the sole discretion of the listener. Investing involves risk including the possible loss of principal.