How InBank Is Getting Its 'Sizzle Back'

CEO Ed Francis discusses buying the bank in 2018, its turnaround, and latest growth initiatives (such as nationwide SBA lending). We also look at banks' Q2 capital raising.

Hello again, Bank Slaters!

I hope you are psyched about the week ahead. Earnings releases have started to trickle in — bigger waves of reports are coming this week.

I recently recorded a podcast with Evan Sparks at the American Bankers Association to discuss expectations for the rest of the year. It also gave me a chance to hype our ongoing 2025 budgeting survey — there is still time to respond.

Let’s talk about the InBank turnaround story.

In June 2018, Ed Francis, a former Hancock Whitney executive, led a group that raised $69 million to buy International Bank in Raton, N.M. At the time, the bank had about $330 million in assets and finished 2018 with a $36,000 net loss. It lost $1.2 million the next year.

Francis and his team have steadily rebuilt the rebranded InBank, which now has $1.3 billion of assets and earned $11.8 million last year.