credit / rates affecting interest expense
“The increase in net income was primarily attributable to an increase in net interest income, offset by an increase in non-interest expense.”
TFSL 10-Q
Confirmed
Regional Banks
10 names are moving together; 60% are participating in the current session.
1 observed Confirmed episode
Co-movement
Observed member paths adjusted against SPY. Shading marks the latest observation window.
Members
| TICKER | Company | Sector | Today | Observed activity |
|---|---|---|---|---|
| VLY | Valley National Bancorp | Financial Services | -0.6% | Group member |
| MBIN | Merchants Bancorp | Financial Services | -0.2% | 1/1 observed active sessions |
| FFBC | First Financial Bancorp. | Financial Services | -0.1% | Group member |
| BFST | Business First Bancshares, Inc. | Financial Services | +0.5% | Group member |
| OBK | Origin Bancorp, Inc. | Financial Services | -0.9% | Group member |
| FLG | Flagstar Bank, N.A. | Financial Services | -1.4% | Group member |
| BHRB | Burke & Herbert Financial Servi | Financial Services | +0.1% | Group member |
| TMP | Tompkins Financial Corporation | Financial Services | +0.1% | 1/1 observed active sessions |
| OCFC | OceanFirst Financial Corp. | Financial Services | +0.3% | Group member |
| TFSL | TFS Financial Corporation | Financial Services | -0.1% | Most structurally connected |
Why we believe this
Cohort
10 namesParticipation
60% this sessionObserved history
3 daily buildsFiling coverage
10/10 memberscredit / rates
“The loss of any combination of these borrowers, or a significant decline in their borrowings due to fluctuations related to their business needs or as a result of general economic conditions, could adversely affect our results of operations if we are unable to replace their borrowings with similarly priced new loans or investments.”
BHRB 10-K
demand / volume
“In addition to being affected by interest rates, the secondary mortgage markets are also subject to investor demand for residential mortgage loans and increased investor yield requirements for these loans.”
TFSL 10-K
This identity theme becomes less useful if activity narrows to one or two names instead of remaining broad across the cohort.
Connected, outside the group
CNOB
BHRBtext peer · Not moving with the group now
No filing excerpt is available for this relationship.
PFS
OCFCtext peer · Not moving with the group now
No filing excerpt is available for this relationship.
HFWA
TFSLtext peer · Not moving with the group now
No filing excerpt is available for this relationship.
EBC
BHRBtext peer · Not moving with the group now
No filing excerpt is available for this relationship.
MBWM
MBINtext peer · Not moving with the group now
No filing excerpt is available for this relationship.
History
2026-07-081 observed active session · 100% of active names held across the episode