Chris Mercer

AUGUST 1, 2022

This eleventh post in the Deja Vu series involving restricted stock studies addresses an issue that is rarely mentioned in the context of the studies – of the impact of dividends on restricted stock discounts (RSDs). Of these 244 transactions, only 24 involved companies that paid dividends, or less than 10% of the transactions.

Dividends 52

Dividends Appraisal Start-ups Marketability 52

Harvard Corporate Governance

DECEMBER 22, 2023

Skinner, Ropes & Gray LLP, on Monday, December 18, 2023 Tags: AFFT , ESG , Fiduciary duties , fossil fuels , New York City Evolving Notions of Board Effectiveness Posted by Richard Alsop, Shearman & Sterling LLP, on Tuesday, December 19, 2023 Tags: Board composition , Board culture , board effectiveness , Board leadership , Board performance (..)

Dividends 100

Dividends Banking Compliance 100

Law 360 M&A

JULY 22, 2024

A private equity seller of a solar panel fintech lender that Fifth Third Bank bought in 2022 has sued the bank in New York federal court to free up $20 million in indemnity escrow funds that it alleges the bank has tried improperly to withhold over state investigations tied to the fintech.

Dividends 52

Dividends Banking Equity 52

Reynolds Holding

APRIL 10, 2024

Since the collapse of SVB, Credit Suisse, and other smaller banks that year, many reform proposals have focused on stronger ex-ante prudential measures, such as higher capital and liquidity rules ( Admati et al., Such banks are the natural candidates for contingent measures aiming at recovery. 2023 ; Dewatripont et al.,

Banking 59

Banking Going Concern Value Dividends Marketability 59

Benzinga

DECEMBER 26, 2023

Royal Bank Of Canada (NYSE: RY ) received approval to acquire HSBC Holdings, Plc. 's 's (NYSE: HSBC ) domestic unit, keeping more of Canada's banking sector in Canadian hands. The company is also planning to pay a special dividend of $0.21 billion ($10.2 HSBC Group's estimated pre-tax gain is $5.7

Banking 52

Banking Dividends Equity Marketability 52

Benzinga

OCTOBER 6, 2023

Special dividend estimated to be $1.5118 per share Payment of special dividend conditioned upon closing of merger, which is subject to stockholder approval BOSTON, Oct. The special dividend, which the Company estimates will be $1.5118 per share of Talaris common stock, will be payable in cash.

Dividends 40

Dividends Banking Marketability 40

Brian DeChesare

AUGUST 31, 2022

Traditionally, if someone asked the “ sales & trading vs. investment banking ” question, the response was easy: “Do banking unless you really, really like trading and could not imagine doing anything else.”. Investment Banking: 13%. billion, up from $4.7 billion, so your $2,000 of convertible bonds would be up by ~14%.

Banking 89

Banking Risk-free Rate Equity Start-ups 89

Global Finance

SEPTEMBER 9, 2024

“Access to finance was a huge concern at the start of the pandemic [in 2020] as thoughts turned to the global financial crisis and a potential repeat of bank insolvency,” notes Kristen Roberts, partner and head of the London corporate debt practice at HSF. “So So we saw a lot of activity in terms of drawing down and moving monies around.

Treasury 105

Treasury Banking Finance Dividends 105

Benzinga

APRIL 26, 2023

Salisbury"), (NASDAQ Capital Market: "SAL"), the holding company for Salisbury Bank and Trust Company (the "Bank"), announced results for its first quarter ended March 31, 2023. stated, "Our financial results for the first quarter were impacted by the challenging banking and macro-economic environment. million, or 1.8%

Dividends 40

Dividends Banking Equity Book Value 40

Benzinga

DECEMBER 13, 2024

Bank of America Securities and other experts are weighing in on the breakdown in merger talks between The Hershey Co. ” Those priorities include “reinvesting in brands and capabilities, returning capital to shareholders through share repurchases and dividends, and M&A.” NYSE: HSY ) and Mondelez International, Inc.

Dividends 59

Dividends Banking 59

Benzinga

APRIL 28, 2023

NASDAQ: MPB ) ("Mid Penn"), the parent company of Mid Penn Bank (the "Bank") and MPB Financial Services, LLC, today reported net income available to common shareholders ("earnings") for the quarter ended March 31, 2023 of $11.2 million in dividends during the first quarter of 2023. HARRISBURG, Pa.,

Dividends 40

Dividends Banking Book Value Equity 40

Benzinga

JULY 24, 2024

July 24, 2024 (GLOBE NEWSWIRE) -- ACNB Corporation (NASDAQ: ACNB ) ("ACNB" or the "Corporation"), financial holding company for ACNB Bank and ACNB Insurance Services, Inc., This strategic acquisition will result in a premier community bank that is locally headquartered, managed, and focused. GETTYSBURG, Pa.,

Dividends 45

Dividends Banking Marketability 45

Brian DeChesare

JANUARY 4, 2023

Also, as deal activity and hiring fell at banks, this business performed poorly for the year. I currently have almost nothing in it – just a few coins I couldn’t sell via Coinbase – but I might start buying again if central banks revert to easy money. So, my new approach will be: Move most of my equity holdings to dividend funds.

Marketability 98

Marketability Start-ups Treasury Dividends 98

Benzinga

APRIL 18, 2022

DENVER, April 18, 2022 (GLOBE NEWSWIRE) -- National Bank Holdings Corporation (NYSE: NBHC ) reported: . . . . . . . . . . . . markets is again demonstrated by the announcement of our intent to acquire Rock Canyon Bank," said Tim Laney, Chairman, President and CEO of National Bank Holdings Corporation. 18,352. . $.

Banking 40

Banking Book Value Equity Intangible Assets 40

Andrew Stolz

NOVEMBER 17, 2021

companies have distributed more money through buybacks than through dividends. A second method is when the company uses its own cash and cash borrowed from a bank. This is usually done in concert with the company’s banks and investment banks. This pushes companies to buy back shares rather than issue dividends.

Dividends 52

Dividends Capital Structure Banking Start-ups 52

Musings on Markets

JANUARY 11, 2024

I started in the MBA program at University of California at Los Angeles (UCLA) in 1979, at the tail-end of its basketball glory days, fully expecting to move on to a career in consulting or investment banking, when I was done.

Corporate Finance 131

Corporate Finance Finance Start-ups Dividends 131

Brian DeChesare

OCTOBER 30, 2024

Corporate finance jobs at normal companies are bad … …if you’re using them to break into a deal-based field, such as investment banking , private equity , or venture capital , or as a “Plan B” if you interview around but do not get into one of these. not banks or investment firms). What Are Corporate Finance Jobs?

Corporate Finance 105

Corporate Finance Finance Treasury Banking 105

Global Finance

OCTOBER 6, 2024

Bhutan is banking on a unique mix of abundant energy, a clean environment, and wellness entrepreneurism to lure foreign investors. The Asian Development Bank forecasts GDP growth of 4.4% Bhutan now allows foreign investors to repatriate dividends, and the limit on leases of state land was extended this year from 30 years to 99.

Banking 119

Banking Dividends Marketability Finance 119

Benzinga

FEBRUARY 13, 2023

13, 2023 (GLOBE NEWSWIRE) -- United Community Banks, Inc. Additionally, First Miami shareholders will receive a special cash dividend at closing from net proceeds of the sale of certain investment securities held by First Miami. GREENVILLE, S.C. and SOUTH MIAMI, Fla., NASDAQ: UCBI ) ("United") and First Miami Bancorp, Inc.

Banking 40

Banking Book Value Dividends Marketability 40

Law 360 M&A

FEBRUARY 14, 2024

A New York Community Bank investor has brought a proposed class action alleging that executives falsely boasted of the bank's financial condition after making two large acquisitions, when the deals in fact weighed down its balance sheet and led to a significant dividend reduction.

Dividends 40

Dividends Banking 40

Benzinga

JULY 25, 2024

Our teams are working together to broaden and deepen our relationships across a larger customer base through our complementary platforms of banking, insurance and wealth management." Declaration of Quarterly Dividend The Company's Board of Directors declared a quarterly cash dividend of $0.24 million, or $0.11

Dividends 45

Dividends Book Value Equity Banking 45

Valutico

MARCH 28, 2023

The collapse of SVB had a ripple effect through the banking sector, leading investors to fear that other banks could follow suit. Deposit holders are fleeing the banking chaos, and investors are seeking stable havens until the storm passes. As of now, UBS is offering a dividend of USD 0.55 billion in the short term.

Banking 52

Banking Dividends Equity Marketability 52

Benzinga

FEBRUARY 23, 2023

OTCQX: WAYN ) ("Wayne"), the holding company of Wayne Savings Community Bank and Main Street Financial Services Corp. OTCPK: MSWV) ("Main Street"), the holding company of Main Street Bank Corp., OTCPK: MSWV) ("Main Street"), the holding company of Main Street Bank Corp., as of February 22, 2023.

Banking 40

Banking Dividends Market Capitalization Marketability 40

Law 360 M&A

SEPTEMBER 13, 2022

Swiss bank UBS Group AG said Tuesday it plans to further increase its $5 billion share buyback program and boost its dividend by 10% after its planned $1.4 billion acquisition of automated wealth manager Wealthfront fell through.

Dividends 40

Dividends Banking 40

Brian DeChesare

OCTOBER 26, 2022

For example, if the company claims it will generate $5 billion of Free Cash Flow and use it to repay $1 billion of Debt and issue $4 billion in Dividends, is that realistic? Banks like to test this topic because it’s a quick way to assess who’s proficient in Excel, accounting, and financial modeling. Dividends / Net Income).

Dividends 72

Dividends Start-ups Finance Equity 72

Benzinga

NOVEMBER 6, 2024

Through this all-stock merger, Territorial shareholders will be able to participate in the significant upside value creation of a scaled, more diversified regional bank with an attractive dividend and compelling growth opportunities. Kitagawa, Chairman, CEO and President of Territorial. "We

Banking 40

Banking Dividends Technology 40

Benzinga

JULY 25, 2024

NASDAQ: COFS ) ("ChoiceOne"), the parent company of ChoiceOne Bank, and Fentura Financial, Inc. OTCQX: FETM ) ("Fentura"), the parent company of The State Bank, today announced the signing of a definitive merger agreement pursuant to which ChoiceOne and Fentura will merge in an all-stock transaction. SPARTA, Mich. and FENTON, Mich.,

Dividends 40

Dividends Banking Marketability 40

Andrew Stolz

AUGUST 7, 2020

A secondary conflict is that managers want to re-invest profits in the business, while shareholders may prefer more dividends paid out. Shareholder value is created from the manager’s ability to generate a growing stream of profit, which can be accumulated in the business or paid out to shareholders as dividends.

Dividends 52

Dividends Corporate Finance Finance Banking 52

Reynolds Holding

OCTOBER 22, 2024

In leveraged buyouts (LBOs), a private equity (PE) sponsor acquires controlling ownership of a target company, typically by using a significant amount of bank loans. In a new study, we focus on a controversial issue: Many PE sponsors have prior relationships with law firms representing banks in LBO loan negotiations.

Equity 45

Equity Risk Premium Banking Private Equity Firm 45

Reynolds Holding

NOVEMBER 12, 2024

On October 10, TD Bank pleaded guilty to violations of the Bank Secrecy Act and conspiracy to commit money laundering. 1] As part of the agreement, the Bank agreed to pay over $1.8 And every bank CEO and board member should be doing the same. Background On October 10, 2024, the U.S.

Banking 49

Banking Compliance Treasury Dividends 49

Benzinga

OCTOBER 7, 2024

million of incremental value from annual merger enabled cost savings and synergies, and Hope Bancorp's dividend, which is more than 1,000% higher than Territorial's standalone quarterly dividend. Blue Hill Is Unlikely to Deliver Its Claimed Benefits to Hawaiʻi.​ per share to $0.11 per share 3 $10.5

Dividends 52

Dividends Banking Book Value Technology 52

Benzinga

MARCH 28, 2024

("IFH") (OTCQX: IFHI ) today announced that they have entered into a definitive merger agreement under which CBNK will acquire IFH in a cash and stock transaction valued at $66 million, exclusive of the value of a dividend to be received by IFH shareholders at or immediately prior to closing. and Capital Bank.

Banking 40

Banking Dividends Book Value Equity 40

Benzinga

AUGUST 26, 2024

In August 2024, USB's lead banking division, U.S. Bank, prolonged its focus on the healthcare industry with the acquisition of Salucro Healthcare Solutions LLC. Bank entered into a strategic partnership with Edward Jones. The buyout was completed on Aug 21, 2024. In the same month, U.S. In 2022, U.S.

Banking 52

Banking Marketability Dividends 52

Benzinga

OCTOBER 4, 2024

The largest American bank's earnings draw a lot of attention because of its presence in almost all the finance sector businesses. This, thus, offers insight into how the quarterly performance of other banks is likely to be. JPMorgan (NYSE: JPM ) is scheduled to kick-start third-quarter 2024 earnings on Oct. This is expected to.

Banking 59

Banking Finance Dividends Marketability 59

Equilest

NOVEMBER 25, 2023

Uncover the intricacies of financial modeling, from understanding fundamental concepts like Free Cash Flow to Firm and Dividend Discount Model, to navigating advanced methodologies such as LBO and DCF. These interviews are not just a mere formality but a critical component of the hiring process in finance, investment banking, and consulting.

Discounted Cash Flow 52

Discounted Cash Flow Dividends Enterprise Value Terminal Value 52

Musings on Markets

JANUARY 21, 2023

The first is the dividends you receive, while you hold stocks, a cash flow stream that provides a measure of stability to investors who seek it. Summing up One of the rituals that start the market year is for market strategists at investment banks to make their best predictions for where they see markets going over the course of the year.

Equity 72

Equity Risk Premium Start-ups Dividends 72

Andrew Stolz

MARCH 20, 2020

A firm borrows from banks or bondholders and it has to pay the interest. Usually, the retail investors or institutional investors would look only for capital gains or regular income in the form of dividends while investing and would not generally look to buy stocks in larger quantities so as to get a controlling stake over the company.

Beta 52

Beta Capital Structure Risk-free Rate Weighted Average Cost of Capital 52