2024 and Book Value - Business Valuation Zone

And the Award for Most Creative Attempt to Evade a Book Value Buy-Sell Provision Goes To.

Farrel Fritz

MARCH 4, 2024

“Under any standard of value, the true economic value of a business enterprise will equal the company’s accounting book value only by coincidence.” So why do so many shareholder buy-sell agreements require that the shares be purchased for book value? 16, 2024) is the latest.

Book Value

Book Value Business Enterprise Business Valuation

Pathfinder Bancorp Announces Agreement to Acquire East Syracuse Branch

Benzinga

MARCH 4, 2024

March 04, 2024 (GLOBE NEWSWIRE) -- Pathfinder Bancorp, Inc. The parties expect to close on the purchase and sale of the Berkshire branch by the end of the third quarter of 2024, at which point the branch will be fully converted to operate as a Pathfinder branch office. OSWEGO, N.Y.,

Book Value

Book Value Banking Marketability

Boom Or Bust? PacWest, Bank Of California Analysts React To Transformational Bank Merger

Benzinga

JULY 26, 2023

PacWest's tangible book value had been improving since widespread banking issues rocked the industry earlier this year. Ultimately, the Wedbush analyst believes the deal will go through at the beginning of 2024, but he wouldn't be surprised to see some shareholder dissent and the potential emergence of a third-party bid.

Banking

Banking Price to Earnings Book Value Marketability

First National Corporation to Acquire Touchstone Bankshares, Inc.

Benzinga

MARCH 26, 2024

March 26, 2024 (GLOBE NEWSWIRE) -- First National Corporation ("First National") (NASDAQ: FXNC ) and Touchstone Bankshares, Inc. First National expects the transaction to be approximately 36% accretive to earnings per share with an estimated earn-back period for tangible book value dilution of approximately 3.0 STRASBURG, Va.

Banking

Banking Book Value Marketability

Capital Bancorp, Inc. Announces Acquisition of Integrated Financial Holdings, Inc.

Benzinga

MARCH 28, 2024

March 28, 2024 (GLOBE NEWSWIRE) -- Capital Bancorp, Inc. ("CBNK" or "Capital") (NASDAQ: CBNK ) and Integrated Financial Holdings, Inc. ("IFH") on March 26, 2024, the implied per share purchase price, inclusive of the cash consideration, is $27.66. ROCKVILLE, Md., Based on the closing price of Capital common stock of $20.00

Banking

Banking Dividends Book Value Equity

Data Update 1 for 2024: The data speaks, but what does it say?

Musings on Markets

JANUARY 5, 2024

Standard Deviation in Equity/Firm Value 2. Book Value Multiples 3. Working capital needs Thus, I compute pricing multiples based on revenues (EV to Sales, Price to Sales), earnings (PE, PEG), book value (PBV, EV to Invested Capital) or cash flow proxies (EV to EBITDA). Fundamenal Growth in Operating Earnings 3.

Dividends

Dividends Risk Premium Equity Book Value

Equity Bancshares, Inc. Adds to Missouri Franchise, Will Acquire Bank of Kirksville

Benzinga

DECEMBER 6, 2023

Following completion of the merger in the first quarter of 2024, Bank of Kirksville will merge with and into Equity Bank. The actual aggregate transaction value may be subject to adjustment based on the adjusted equity capital of Rockhold as of the closing, as further set forth in the definitive merger agreement.

Banking

Banking Equity Book Value Marketability

Data Update 5 for 2024: Profitability - The End Game for Business?

Musings on Markets

JANUARY 31, 2024

YouTube Video Datasets Profit Margins, by Industry ( US , Global) Accounting Returns and Excess Returns, by Industry ( US , Global ) Data Update Posts for 2024 Data Update 1 for 2024: The Data Speaks, but what is it saying? Data Update 2 for 2024: A Stock Comeback - Winning the Expectations Game!

Equity

Equity Book Value Start-ups Corporate Finance

First Mid Bancshares, Inc. Announces Acquisition of Blackhawk Bancorp, Inc.

Benzinga

MARCH 21, 2023

The transaction is estimated to be approximately 22% accretive to earnings per share in 2024 (excluding nonrecurring transaction expenses). Estimated tangible book value per share dilution to First Mid is expected to be earned back in 1.9 million, subject to certain conditions and adjustments. years under the crossover method.

Book Value

Book Value Banking Equity Marketability

Provident Financial Services, Inc. and Lakeland Bancorp, Inc. to Combine to Create New Jersey's Premier Super-Community Banking Franchise

Benzinga

SEPTEMBER 28, 2022

Financially Compelling: Pro forma calculations with respect to the combined company indicate 2024 GAAP earnings per share accretion of approximately 24% or 9% with and without purchase accounting interest rate marks, respectively. The transaction is approximately 17% (3.6 year earnback) or 4% (1.7 Transaction Details.

Banking

Banking Book Value Finance Marketability

Ready Capital and Broadmark Realty Capital Announce Definitive Merger Agreement

Benzinga

FEBRUARY 27, 2023

billion – − Highly synergistic platforms and capital optimization will drive strong earnings per share accretion in 2024 and sustained long-term growth − − Expected value at closing of approximately $787 million − NEW YORK, Feb. − Transaction will create the 4 th largest commercial mortgage REIT with a capital base of $2.8

Book Value

Book Value Finance Market Capitalization Equity

United Community Banks, Inc. and First Miami Bancorp, Inc. Announce Merger Agreement

Benzinga

FEBRUARY 13, 2023

per share, or 3% in 2024. The estimated transaction returns are consistent with United's stated acquisition criteria pertaining to tangible book value and targeted internal rates of return. The Merger is expected to be accretive to United's earnings per share, excluding transaction costs, by approximately $0.09

Banking

Banking Book Value Dividends Marketability

Provident Financial Services, Inc. and Lakeland Bancorp, Inc. to Combine to Create New Jersey's Premier Super-Community Banking Franchise

Benzinga

SEPTEMBER 28, 2022

Financially Compelling: Pro forma calculations with respect to the combined company indicate 2024 GAAP earnings per share accretion of approximately 24% or 9% with and without purchase accounting interest rate marks, respectively. The transaction is approximately 17% (3.6 year earnback) or 4% (1.7 Transaction Details.

Banking

Banking Book Value Finance Marketability

Farmers & Merchants Bancorp, Inc. Announces Agreement to Acquire Peoples-Sidney Financial Corporation, Sidney, Ohio

Benzinga

JUNE 14, 2022

accretive to estimated 2023 and 2024 diluted earnings per share, respectively. Tangible book value per share will be diluted approximately (2.1%) at closing and is expected to be recovered in 3.25 Excluding one-time transaction costs, F&M expects the transaction to be approximately 2.5% years using the crossover method.

Banking

Banking Book Value Equity Marketability

Northview Fund announces recapitalization transaction including the acquisition of three portfolios for $742 million and its intention to transform into Northview Residential REIT, a $2.7 billion, internally managed, traditional open-ended real estate investment trust focused on national multi-family properties

Benzinga

JUNE 12, 2023

Balance Sheet and Liquidity Strengthening: The Acquisitions are expected to deleverage and strengthen Northview's balance sheet, with debt to gross book value expected to decrease by approximately 500 basis points. The weighted average maturity of the REIT's mortgages is expected to increase from 2.6 years to 3.0 years to 3.0

Book Value

Book Value Marketability Fair Market Value Banking

Amortization in accounting 101

ThomsonReuters

OCTOBER 5, 2023

Declining balance method This method , also known as the reducing balance method , applies an amortization rate on the remaining book value to calculate the declining value of expenses. The first step is to identify both the basic and residual value. Let’s take a closer look. Is goodwill depreciated or amortized?

Intangible Assets

Intangible Assets Book Value EBIT Technology

Banc of California and PacWest Announce Transformational Merger and $400 Million Equity Raise from Warburg Pincus and Centerbridge

Benzinga

JULY 25, 2023

Financial Benefits of the Merger The financial benefits of the transaction are compelling, with estimated 2024 EPS and tangible book value accretion of 20+% and ~3%, respectively. and BEVERLY HILLS, Calif., July 25, 2023 (GLOBE NEWSWIRE) -- Banc of California, Inc.

Equity

Equity Banking Book Value Treasury

North American Construction Group Announces Transformative Acquisition of MacKellar Group, A Leading Private Australian Heavy Equipment Solutions Provider

Benzinga

JULY 26, 2023

Financial Highlights of the Transaction The total estimated consideration of $395 million: i) represents less than 2.75x of expected EBITDA in 2024, ii) is estimated to be less than the book value of MacKellar's assets and iii) is expected to be over 50% accretive based on incremental earnings per share. billion $1.15

EBIT

EBIT Debt Financing Book Value Finance

Intact Financial Corporation and RSA to acquire Direct Line Insurance Group plc's brokered Commercial Lines operations

Benzinga

SEPTEMBER 6, 2023

The pro forma UK&I Commercial Lines combined ratio 5 is expected to be approximately 92% in 2024. We expect the transaction to be accretive to NOIPS 1 in 2024, with low single-digit accretion by Year 3. We expect to drive annual cost synergies of approximately £20 million by Year 3.

Discounted Cash Flow

Discounted Cash Flow Net Present Value Book Value Dividends

Data Update 1 for 2023: Setting the table!

Musings on Markets

JANUARY 6, 2023

For example, I have seen it asserted that a stock that trades at less than book value is cheap or that a stock that trades at more than twenty times EBITDA is expensive. Check rules of thumb : Investing and corporate finance are full of rules of thumb, many of long standing.

Risk Premium

Risk Premium Dividends EBITDA Start-ups

Business Valuation Zone

And the Award for Most Creative Attempt to Evade a Book Value Buy-Sell Provision Goes To.

Pathfinder Bancorp Announces Agreement to Acquire East Syracuse Branch

Trending Sources

Boom Or Bust? PacWest, Bank Of California Analysts React To Transformational Bank Merger

First National Corporation to Acquire Touchstone Bankshares, Inc.

Capital Bancorp, Inc. Announces Acquisition of Integrated Financial Holdings, Inc.

Data Update 1 for 2024: The data speaks, but what does it say?

Equity Bancshares, Inc. Adds to Missouri Franchise, Will Acquire Bank of Kirksville

Data Update 5 for 2024: Profitability - The End Game for Business?

First Mid Bancshares, Inc. Announces Acquisition of Blackhawk Bancorp, Inc.

Provident Financial Services, Inc. and Lakeland Bancorp, Inc. to Combine to Create New Jersey's Premier Super-Community Banking Franchise

Ready Capital and Broadmark Realty Capital Announce Definitive Merger Agreement

United Community Banks, Inc. and First Miami Bancorp, Inc. Announce Merger Agreement

Provident Financial Services, Inc. and Lakeland Bancorp, Inc. to Combine to Create New Jersey's Premier Super-Community Banking Franchise

Farmers & Merchants Bancorp, Inc. Announces Agreement to Acquire Peoples-Sidney Financial Corporation, Sidney, Ohio

Amortization in accounting 101

Banc of California and PacWest Announce Transformational Merger and $400 Million Equity Raise from Warburg Pincus and Centerbridge

North American Construction Group Announces Transformative Acquisition of MacKellar Group, A Leading Private Australian Heavy Equipment Solutions Provider

Intact Financial Corporation and RSA to acquire Direct Line Insurance Group plc's brokered Commercial Lines operations

Data Update 1 for 2023: Setting the table!

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