5 Points

Lessons from Ready Cap’s 90% haircut

Time for Inbank (INBC) to move out, DCF for First Northwest (FNWB), North Carolina banking paradise; forced selling at CLBK; Column and Cross River are…

May 28 • Sam Haskell

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May: Western Alliance is the Best Bank. Western Alliance is the Worst Bank

BAFN was what we thought it was; What makes a 20% IRR fund? FNWB is finding its footing at 60% of tangible; Puerto Rico, Make Jonah Marcus a director

May 1 • Sam Haskell

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March 2026

April: 6% Savings Accounts, 10% Cashback Credit Cards and Banks' Evolution

Wartime portfolio management; the rule of thumb for private credit and BDCs, Embedded Exchanges: TFIN, ARX, FIGR. UBAB's CDFI boomerang. TFIN Born…

Mar 31 • Sam Haskell

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Please note - 5 Points is not launching any services

This post is to let you know scammers are impersonating me, and will probably continue to for a while.

Mar 22 • Sam Haskell

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Fact vs Fiction in the latest Bank Selloff

Don't sleep on multi-strat leverage; Pain in the BaaS at TBBK and CCB, LendingClub and the 5 Points scorecard; AI in financials, Bank7 could be a 10;

Mar 2 • Sam Haskell

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January 2026

February: Copper in the Financial Sector?

How AMBZ won, Hamilton Group's (HG) advantage, Old Glory Bank (DAAQ), LendingClub's (LC) earnings leap

Jan 26 • Sam Haskell

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December 2025

January: Fade banks when M&A is delivering weak premiums

Erebor and crypto banks, Prediction markets at HOOD, why tokenize a stock? Patriot (PNBK) games, Isabella (ISBA); WFC won't go too far; fintechs and…

Dec 30, 2025 • Sam Haskell

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December: Figure Outlines the Banking Sector's Emerging Problem

Why buy Jefferies or Blue Owl even in the good times? Truxton vs Butterfield bake off, The bank acquirer Pickett's charge helps Northeast Bank, BAFN…

Dec 1, 2025 • Sam Haskell

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November 2025

November: How the Private Credit / Bank Dance Plays Out

The Fiserv lesson, Why have there been so many weak bank offerings? How Figure represents the future of commodity lending. Synchrony is the champion.

Nov 4, 2025 • Sam Haskell

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October 2025

October: How far do Sofi, Affirm, Dave etc. have to run? Eagle Bank upside math.

Recent Fintech IPOs are governance problems, Ciaran McMullen makes money for owners. Why go for 20% annualized discounts on credit union acquisitions…

Oct 2, 2025 • Sam Haskell

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August 2025

September: The Best Banker You've Never Heard of

The financial subsector that creates 50 baggers, Bayfirst's (BAFN) next step, Esquire's California targets, out of Town

Aug 26, 2025 • Sam Haskell

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July 2025

August: HMST's catalyst; CVNA is a Lender

Expect more regional bank mergers, and small bank beneficiaries..."Scale Acquirer" Underperformance, Brookline, Avid Bank's capital management

Jul 31, 2025 • Sam Haskell

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