Brian Martin
Yes, thats what it sounded like. And then just the last one or two from me was just on theVince, you gave a lot of color and I appreciate it on the
M&A, just to kind of understand whats happening there. I mean, just a dialog on M&A today I guess if you can give some color on that. And then just curious if you lay out what you would be looking at from an M&A perspective, how
large a transaction could you potentially consider if it met the criteria you mentioned earlier? Just trying to understand where the opportunities are, how big an opportunity you may consider if it was appropriate.
Vince Delie
Yes, I dont think, again Im
going to refer back to the comments that I made, Brian. I think that were going to focus on minimal tangible book value dilution, strong IRRs and were going to evaluate whats best for the shareholders. And when you look at this
transaction, this is the best way for us to deploy capital at this point in time. Obviously, if we start growing loans nicely that usually ends up being the highest return on capital invested. So, thats how we look at it.
This particularobviously given the activity, everybody knows, theres quite a bit of M&A activity going on. So, it doesnt take much to
stumble across the conversation, Brian. We all know that. Were going to be very disciplined in how we move forward. And thats, yes, I think my prepared comments sums it all up.
Brian Martin
Okay, perfect. And then just last one was
just on the buyback, I guess, just curious how youre thinking about that today or is just how you see that unfolding in
Vince Delie
Our acquisition as I mentioned again in my comments, the tangible book value dilution on a whole company basis was de minimis, right? We earned it
already. Its not going to change how we look at deployment of capital moving forward, which includes buybacks, the dividend, the whole ball of wax. So, were going to continue to deploy our disciplined capital management strategy that we
laid out for you over the last few quarters and thats still going to be part of our decision-making process.
Vince Calabrese
We will be opportunistic on the share repurchases, though, definitely in the
Vince Delie
Thats not off the table.
Brian Martin
Yes. Okay, perfect. Just wanted to clear
that up. So, thanks guys for taking the questions.
Vince Delie
Okay, thank you. I appreciate it. Good questions. Thank you.
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