Musings on Markets

MAY 7, 2023

The notion of computing a cost of capital for a bank is fanciful and fruitless, and any attempt to compute an enterprise value for a bank is destined to end in failure. Note the differences between the bank FCFE and bank dividend discount models. Note the differences between the bank FCFE and bank dividend discount models.

Banking 64

Banking Price to Book Dividends Book Value 64

Benzinga

APRIL 26, 2023

Net Interest and Dividend Income Tax equivalent net interest income of $11.3 See SUPPLEMENTAL INFORMATION – Net Interest and Dividend Income on page 9 of this release for additional details. million, were partially offset by common stock dividends paid of $0.9 Book value per common share of $22.79

Dividends 40

Dividends Banking Equity Book Value 40

Musings on Markets

FEBRUARY 27, 2022

That said, about 31% of the net profits of all publicly traded firms listed globally in 2021 were generated by financial service firms; that percent is lower in the US and higher in emerging markets. To make comparisons, profits are scaled to common metrics, with revenues and book value of investment being the most common scalar.

Start-ups 82

Start-ups Equity Book Value Marketability 82

Valutico

DECEMBER 15, 2022

Price/Book : This multiple compares the price to the book value of a firm. Dividend Yield (Dividend/Price): The dividend yield is used to compare the returns from owning shares (without taking share price appreciation or depreciation into account) with cash dividend returns. Which Year to Use?

Precedent Transaction Analysis 52

Precedent Transaction Analysis EBITDA Comparable Company Analysis Enterprise Value 52

Valutico

DECEMBER 15, 2022

Price/Book : This multiple compares the price to the book value of a firm. Dividend Yield (Dividend/Price): The dividend yield is used to compare the returns from owning shares (without taking share price appreciation or depreciation into account) with cash dividend returns. Which Year to Use?

Precedent Transaction Analysis 52

Precedent Transaction Analysis EBITDA Comparable Company Analysis Enterprise Value 52

Benzinga

APRIL 18, 2022

First Quarter 2022 Results (All comparisons refer to the fourth quarter of 2021, except as noted). per diluted share during the fourth quarter of 2021. The allowance for credit losses as a percentage of total loans totaled 1.04%, compared to 1.10% at December 31, 2021. at December 31, 2021. for the full year 2021.

Banking 40

Banking Book Value Equity Intangible Assets 40

Benzinga

SEPTEMBER 6, 2023

Direct Line's brokered Commercial Lines generated written premiums 4 of £530 million in 2022, and delivered an average combined ratio 5 6 of approximately 96% across 2021 and 2022. 2 IRR is the discount rate that makes the net present value of all cash flows equal to zero in a discounted cash flow analysis.

Discounted Cash Flow 40

Discounted Cash Flow Net Present Value Book Value Dividends 40