Nathan Race

Nathan Race is a director and senior research analyst responsible for covering Midwest banks. Prior to joining Piper Sandler in 2015, Race spent four years as a SMID cap bank equity research analyst at Sterne Agee. Previously, Race worked for a proprietary commodities and options trading firm at the Chicago Board of Trade as well as for a Chicago-based commercial bank. Race earned a bachelor’s degree in economics and international business from Rollins College.

Universe Coverage

Banks
SRCE	1st Source Corporation
ALRS	Alerus Financial Corp.
BFC	Bank First Corporation
BSVN	Bank7 Corp.
BWB	Bridgewater Bancshares, Inc.
BY	Byline Bancorp, Inc.
CBSH	Commerce Bancshares, Inc.
FBIZ	First Business Financial Services, Inc.
INBK	First Internet Bancorp
FRME	First Merchants Corporation
FMBH	First Mid Bancshares, Inc.
FNWB	First Northwest Bancorp
FSFG	First Savings Financial Group, Inc.
GABC	German American Bancorp, Inc.
HBT	HBT Financial, Inc.
HBNC	Horizon Bancorp
IBCP	Independent Bank Corporation
ISBA	Isabella Bank Corporation
MBWM	Mercantile Bank Corporation
MBIN	Merchants Bancorp
MSBI	Midland States Bancorp, Inc.
MOFG	MidWestOne Financial Group, Inc.
NIC	Nicolet Bankshares, Inc.
OSBC	Old Second Bancorp, Inc.
PEBO	Peoples Bancorp Inc.
QCRH	QCR Holdings Inc.
RBB	RBB Bancorp
SYBT	Stock Yards Bancorp, Inc.
UMBF	UMB Financial Corporation
WTFC	Wintrust Financial Corporation