Financial Services >> Analyst Interviews >> August 16, 2004


Stephen L. Covington, First Vice President of Stifel, Nicolaus & Company, Inc.'s Financial Institutions Research Group, joined the Financial Institutions Research Group in early 1996. Mr. Covington provides research coverage on both medium and small cap financial institutions, focusing primarily on banks and thrifts in the central portion of the United States. Prior to joining Stifel Nicolaus, Mr. Covington worked in the Finance Division of Boatmen's Bancshares, Inc., as the Assistant to the Treasurer, and was more recently employed as an Auditor and Consultant in the Financial Institutions Group of BKD, LLP. Mr. Covington has a BS in Accounting from the University of Missouri, Columbia, and has earned both the Certified Pubic Accountant and Chartered Financial Analyst designations. He is member of the St. Louis Society of Financial Analysts, the Association for Investment Management and Research and the American Institute of Certified Public Accountants. Profile
JOSEPH A. STIEVEN is Senior Vice President and Director of the Financial Institutions Research Group at Stifel, Nicolaus & Company, Inc. Mr. Stieven formally established the company's coverage of the bank and thrift industries when he joined Stifel in 1985. He is widely quoted by both regional and national publications and has been a member of the Wall Street Transcript's Midwest Regional Banking Panel in each of the past 15 years. In addition, he has been recognized as the top analyst in the country for the Midwest region by the American Banker. He has worked on over 100 bank and thrift transactions over the past decade. Additionally, he has managed nine financial institution equity trusts, raising over $200 million and gaining national recognition. Prior to joining Stifel, Nicolaus, he was an analyst/examiner with the Federal Reserve Bank of St. Louis. He was responsible for designing and programming the cash flow analysis programs which were used by the Federal Reserve in reviewing merger/acquisition applications. He holds a BSBA and an MBA, both with concentrations in finance, from the University of Missouri-St. Louis. He previously has or currently serves on the Board of Directors of Stifel, Nicolaus & Company, the University of Missouri-St. Louis Alumni Business Board, and the St. Louis University High School Advancement Board. Profile
TWST: What are you covering in this region?

Mr. Covington: Our coverage is focused on high-quality financial

institutions with a typical asset size of around $2.5 billion. What

we've found is