With this valuation reserve recovery, the aggregate value of the transaction represents approximately 100% of Liberty's tangible book value
If Goldman Sachs maintains its global preeminence in equities underwriting/mergers advisory and moves up the league table in its FICC trading franchise (now a mere sixth), while cutting compensation, Goldman can well achieve the operating leverage and increase tangible book value
by seven per cent in 2018.
Among these metrics, BofI ranked first in tangible book value
per share growth and ROATCE and second in efficiency ratio and ROAA.
75, which is approximately equal to Anchor's tangible book value
as of December 31, 2016.
See Non-GAAP Financial Measures included herein for a discussion of tangible and net tangible book value
per common share.
Old Second Bancorp expects the acquisition to be immediately profitable to earnings per share, exclusive of transaction and integration related expenses and to yield a tangible book value
earn back of about two years.
Under the deal, the actual consideration to be paid will be calculated based on Monitor's consolidated tangible book value
per share as of 31 March 2017, plus the after-tax proceeds of the anticipated sale of Monitor's interest in the Monitor Wealth Group.
S&P Global Market Intelligence rates the 50 largest public thrifts based on six financial criteria, which include return on average assets (ROAA), return on average tangible common equity (ROATCE), efficiency ratio, median three-year growth rate in tangible book value
per share (TBVPS), nonperforming loans-to-total loans and net charge-offs to average loans for the 12-month period ended December 31, 2016.
At 47, Citigroup shares trade at a significant 15 per cent discount to its book value, unlike its money-centre bank peers JPMorgan, Bank of America and Wells Fargo, who all trade at tangible book value
multiples of 1.
In fact, the intellectual assets of a company are often worth three or four times the company's tangible book value
Commenting on the quarter-end operating results, President and Chief Executive Officer Ron Geib said, "We are very pleased with the continued growth we are experiencing in our loans, deposits, and the tangible book value
of the Company.
These operating results enhanced shareholder value in 2017, increasing tangible book value
, and resulting in a solid adjusted return on tangible equity and the payment of a significant dividend.