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 45

Book Value Banking Marketability 45

Benzinga

JUNE 13, 2024

June 13, 2024 (GLOBE NEWSWIRE) -- Pathfinder Bancorp, Inc. Pathfinder expects the acquisition to generate a favorable internal rate of return and attractive earnings per share accretion, all within a reasonable tangible book value earn back period. OSWEGO, N.Y.,

Banking 40

Banking Book Value Marketability 40

Musings on Markets

AUGUST 19, 2024

While the writing for the book was largely done by November 2022, publishing does have a long lead time, and the book, published by Penguin Random House, will be available on August 20, 2024, at a book shop near you. If you are concerned that you are going to be hit with a sales pitch for that book, far from it!

Corporate Finance 119

Corporate Finance Finance Start-ups Dividends 119

Benzinga

DECEMBER 3, 2024

03, 2024 (GLOBE NEWSWIRE) -- United Community Banks, Inc. As of September 30, 2024, ANB Bank reported total assets of $439 million, with total loans of $322 million, and total deposits of $374 million, of which over $300 million are non-CD core deposits. As of September 30, 2024, United Community Banks, Inc. GREENVILLE, S.C.,

Banking 45

Banking Book Value Marketability 45

Benzinga

JULY 29, 2024

and WHITEHALL, Ohio, July 29, 2024 (GLOBE NEWSWIRE) -- German American Bancorp, Inc. per share volume-weighted average price for German American common stock over the 10-day trading period ended July 26, 2024, the indicated per share value to Heartland shareholders is $155.37 JASPER, Ind. With a $39.84 billion of total deposits.

Banking 45

Banking Book Value Marketability 45

Benzinga

DECEMBER 2, 2024

Adds scale and extends Ready Capital's core platform with UDF IV's proven land development lending platform Diversifies Ready Capital's portfolio and offers land development solution to borrowers and investors Expected to be accretive to Ready Capital's earnings and book value in 2025 UDF IV shareholders may receive up to $5.89

Book Value 40

Book Value Finance Dividends Equity 40

Benzinga

SEPTEMBER 5, 2024

05, 2024 (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. The transaction is presently valued at approximately $284 million in the aggregate, or approximately $12.40 for ConnectOne Bancorp as of September 4, 2024. As of June 30, 2024, First of Long Island had approximately $4.2 ENGLEWOOD CLIFFS, N.J., billion of assets, $3.3

Banking 45

Banking Book Value Marketability Market Capitalization 45

Benzinga

OCTOBER 7, 2024

07, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. The Special Meeting is scheduled for November 6, 2024 at 8:30 a.m., Territorial shareholders of record as of August 14, 2024 are entitled to vote at or before the meeting. How you vote will influence the value of your Territorial investment. Hawai‘i Time.

Dividends 52

Dividends Banking Book Value Technology 52

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 40

Banking Book Value Marketability 40

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 40

Banking Dividends Book Value Equity 40

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 40

Banking Equity Book Value Marketability 40

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 40

EBIT Debt Financing Book Value Finance 40

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 40

Banking Book Value Finance Marketability 40

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 40

Book Value Banking Equity Marketability 40

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 40

Banking Book Value Finance Marketability 40

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 40

Book Value Finance Market Capitalization Equity 40

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 40

Banking Book Value Dividends Marketability 40

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 40

Banking Book Value Equity Marketability 40

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 40

Discounted Cash Flow Net Present Value Book Value Dividends 40

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 40

Book Value Marketability Fair Market Value Banking 40

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 52

Intangible Assets Book Value EBIT Technology 52

Valutico

MAY 6, 2024

Valutico | May 7, 2024 Valuation is really important in finance. This guide talks about the main ways we figure out value during M&A deals, why they’re useful, and what challenges they bring. Income-based methods such as Discounted Cash Flow analysis focus on future cash flows to determine value.

Discounted Cash Flow 52

Discounted Cash Flow Precedent Transaction Analysis Weighted Average Cost of Capital Comparable Company Analysis 52

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 40

Equity Banking Book Value Treasury 40

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 52

Risk Premium Dividends Start-ups EBITDA 52

Musings on Markets

JANUARY 26, 2025

In my first two data posts for 2025, I looked at the strong year that US equities had in 2024, but a very good year for the overall market does not always translate into equivalent returns across segments of the market. trillion in market cap just in 2024 , and that over the last five (ten) years, the sector has added $11.3

Price to Book 76

Price to Book Start-ups Book Value Marketability 76

Musings on Markets

JANUARY 10, 2025

Not surprisingly, the company listings are across the world, and I look at the breakdown of companies, by number and market cap, by geography: As you can see, the market cap of US companies at the start of 2025 accounted for roughly 49% of the market cap of global stocks, up from 44% at the start of 2024 and 42% at the start of 2023.

Risk Premium 115

Risk Premium Dividends Start-ups Corporate Finance 115

Benzinga

DECEMBER 17, 2024

17, 2024 (GLOBE NEWSWIRE) -- Northwest Bancshares, Inc. billion in total loans as of September 30, 2024. as of December 16, 2024, the transaction consideration is valued at $34.44 multiple of tangible book value, a 12.8x as of September 30, 2024. COLUMBUS, Ohio, Dec. billion in assets, $1.7

Dividends 40

Dividends Banking Book Value Marketability 40

Benzinga

JANUARY 27, 2025

This includes an estimated book loss of around 0.4 billion, representing the difference between the sale price and the book value of the business, which would have a negative impact of around 5 basis points on ING's CET1 ratio. This exposure, which is booked by other ING entities outside of Russia, amounted to 1.0

Banking 45

Banking Book Value Equity Marketability 45

Musings on Markets

FEBRUARY 6, 2025

In this post, I will expand my analysis of data in 2024, which has a been mostly US-centric in the first four of my posts, and use that data to take you on my version of the Disney ride, but on this trip, I have no choice but to face the world as is, with all of the chaos it includes, with tariffs and trade wars looming.

Risk Premium 67

Risk Premium Start-ups Enterprise Value Equity 67

Musings on Markets

FEBRUARY 23, 2025

Measuring the Debt Burden With that tradeoff in place, we are ready to examine how it played out in 2024, by looking at how much companies around the world borrowed to fund their operations. Note that the divergence between book and market debt ratios in the last two columns varies widely across sectors and regions.

Equity 75

Equity EBITDA Risk Premium Gross Debt 75