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With regard to growth in the energy book management expects balances to stay
document IMAGES-002-HOUSE_OVERSIGHT_014344.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

With regard to growth in the energy book management expects balances to stay relatively flattish as new growth is offset by pay downs and deleveraging. Chart 44: Where do you see TCBI’s provisioning in 2017 relative to 2016? 50% AT% 45% 40% 35% 30% 29% 20% 15% 10% 5% 0% 16%...

We use an equal weighted, three-factor valuation framework (P/E, P/TBV, DCF) to arrive
document IMAGES-002-HOUSE_OVERSIGHT_014387.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… assign a 1.7x multiple to our 2Q17E TBV, below high growth peers due to possible losses as a result of the downturn in energy prices. We place a 17x multiple on our 2017E EPS, below TCBI's historical pre-crisis P/E multiple based on possible EPS headwinds from their energy expos...

sensation alive to the pull of constant, instant connection. This Seventh Sense reacts
document IMAGES-004-HOUSE_OVERSIGHT_018245.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…and hopeful ways. What I mean by a sensibility is really a kind of instinctive notion, a way to sense and then use the energy flows of our age that hovers perhaps just below what the rational mind alone can tell. Master Nan used to recall a famous story from the 2500 year old Da...

ASIC Mining Computer and a Mining Rig
document IMAGES-008-HOUSE_OVERSIGHT_025671.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…wer. — Mining pools are highly concentrated; the top four pools represent over 50% of total mining power. (1) Bitcoin Energy Consumption Index: https://digiconomist.net/bitcoin-energy-consumption 8 Source: Investment Strategy Group, http://cryptocurrencyfacts.com/how-does-cryp...

National Transformation Plan: many promises, few details
document IMAGES-003-HOUSE_OVERSIGHT_016123.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…tive exchange rate, while also detracting from the binding fiscal constraint under which the government has to operate. Energy policy is likely to be less aggressive and support oil prices. Fiscal targets are difficult to reach, but medium-term oil prices of at least US$50-65/bbI...

No interest tax shield
document IMAGES-007-HOUSE_OVERSIGHT_023085.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… Estimated Wtd Avg Maturity (years) ST Fixed ST UT Cons. Disc. 70 Floating, 5A 2% ikea, Cons. Staples 8.1 23.3% ; 66.6% Energy BA Health Care 8.0 Industrials 8.0 Materials 14 LT Technology 14 Floating, Telecom 108 19.7% ST aes 12.0 Fixed, otal 8.3 2 8% Source: FactSet, BofAML US...

Refiners: What’s going on with Refining in 2017: potential benefits in a Trump
document IMAGES-007-HOUSE_OVERSIGHT_023091.txt Jan 5, 2017 House Oversight Committee — Epstein Estate Records (Nov 2025)

Energy: Refiners: What’s going on with Refining in 2017: potential benefits in a Trump administration 05 January 2017 Industrials / Materials: Industrials/Multi-Industry: DEM#217: The Year Ahead; Resetting for higher US growth and inflation 09 January 2017 Engineering & Constr...

Nonetheless, historical comments about what the classical thermodynamic term
document IMAGES-002-HOUSE_OVERSIGHT_013570.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… for the purpose of global thermodynamic characterization, need not be known. The relationships between physical state, energy and temperature in this material were predictable from thermodynamic laws even without specific knowledge of the complex internal structure and physical...