Jeff For Banks

JULY 31, 2017

and price to tangible book value was over 2x (see chart). According to Peter Lynch's iconic book One Up on Wall Street , a stock is fairly priced if its PEG ratio was 1. Which is very close to the 3-year annual net income growth for all FDIC insured banks. Banks are capital intensive. So are banks over-valued? It depends.

Regional 60

Regional FDIC Industry Risk Management 60

PYMNTS

APRIL 27, 2016

On Tuesday (April 26), various media outlets reported that the investment bank is expanding its customer base with the launch of its own FDIC-insured, Internet-based savings bank called GS Bank. The platform was reportedly inherited by Goldman Sachs after its recent acquisition of a $16 billion book of deposits from GE Capital.

Retail 100

Retail Online FDIC Software 100

PYMNTS

SEPTEMBER 18, 2020

What shall we make of private fundraising rounds that make valuation leaps, tacking on billions of dollars with each new capital raise? Now: Market caps are a simple, loose shorthand for how much it would take to acquire a company (without necessarily taking into account capital structure).

Los Angeles 140

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Jeff For Banks

AUGUST 1, 2016

Because they are so small, there may not be a line of buyers waiting for a book to come out from the investment banker. The FDIC required the bank to raise $20 million in capital, a tidy sum back in the 1990’s when banks got started with less than half as much. Yet they are also requiring high levels of capital.

FDIC 60

FDIC New Hampshire Regulation Capital 60

Jeff For Banks

APRIL 25, 2015

I don't think de novo banks are key players to business startup capital formation. Sure, if you cite studies that say these banks' loan books are predominantly small, as the FDIC measures them. But that is because de novo's are limited to making a loan to one borrower of 15% of their capital position. How do I know this?

FDIC 60

FDIC Capital Community Bank Lending 60

Jeff For Banks

JUNE 2, 2023

Finally, resolution of failing financial institutions requires that the deposit insurance fund be strongly capitalized with real reserves, not just federal guarantee.” According to the FDIC, the causes of the 2008-09 financial crisis lay partly in the housing boom and bust of the mid-2000s; partly in the degree to which the U.S.

FDIC 78

FDIC Community Bank Regulation Lending 78

Jeff For Banks

DECEMBER 16, 2022

I call this "pulling into the pits" in my book: Squared Away-How Can Bankers Succeed as Economic First Responders. Total return includes two components: capital appreciation and dividends. Silvergate Capital Corporation (NYSE: SI) #2. MetroCity Bankshares, Inc. Nasdaq: MCBS) #3. Triumph Bancorp, Inc. Nasdaq: TBK) #4. Refreshing!

Puerto Rico 78

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Jeff For Banks

AUGUST 2, 2021

2/ @Schornack The primary asset of the organization was Flagship Bank Minnesota, a Member FDIC and Equal Housing Lender with two locations in the Twin Cities Metro Area. Like any SMB owner doing a new acquisition, I broke down the expense book. I suggest following Andy on Twitter. 12/ @Schornack So this was my charge. million in 2020.

Community Bank 78

Community Bank Community Minnesota Metro 78

Jeff For Banks

FEBRUARY 3, 2018

In 2013, there were 6,812 FDIC-insured financial institutions. And capital ratios have held steady and strong. In fact, if you listen to some institutional investors, the industry is over-capitalized. And I have never heard a regulator say the phrase "over capitalized". Where are we and where have we been? Ski slope down.

Taxes 60

Taxes Regional Industry Trends 60

MyBankTracker

DECEMBER 17, 2020

Capital One 360 Market-leading CD rates. Citi Prestige $250 annual travel statement credit and complimentary hotel nights on qualifying bookings. Chase Sapphire Preferred Points worth 25% more when redeemed for travel booked via Chase. Venture Rewards from Capital One Redeem miles for any travel, retroactively.

ATM 52

ATM Cards FDIC Online 52

Jeff For Banks

OCTOBER 13, 2011

The recently released FDIC Summary of Deposits showed the second year of branch decline. These branches are very expensive, are fixed assets on the bank''s books, and are 100% risk-weighted for capital calculation purposes. That''s right. old people letting their fingers do the walking.

Branch Strategies 70

Branch Strategies New Jersey Strategy Capital 70

Gonzobanker

FEBRUARY 7, 2018

Jim McAlpin from Bryan Cave LLP noted that the bulk of regulatory relief would come through a more rational examination process from the Fed, OCC and FDIC – clearly welcome news for those who fell victim to armies of examiners in conference rooms over the past decade. #2: Capitalizing on Good Times. 2: The Bulls. Related Videos.

Taxes 75

Taxes Video Analytics Arkansas 75

PYMNTS

MAY 2, 2016

Goldman Sachs announced last week that it is officially entering the world of online retail banking with the launch of its own FDIC-insured, Internet-based savings bank called GS Bank. The platform was reportedly inherited by Goldman Sachs after its recent acquisition of a $16 billion book of deposits from GE Capital.

Software 100

Software Mobile Regulation FDIC 100

Jeff For Banks

JUNE 24, 2010

A bank this regulator examined was increasing the level of CRE on its books beyond the 300% of capital target. Today he has $2 million in revenue, $200k in capital, and 10 employees headquartered in a leased office. He didn''t hear from his boss on the subject again. He used his own money and a home equity loan to get it going.

Lending 65

Lending FDIC Regulation Regional 65

PYMNTS

OCTOBER 1, 2018

The DOJ investigation centered on whether LendingClub had – between January 2009 to September 2010 – misled its FDIC-insured loan originator, WebBank , leading the bank to underwrite over 200 loans that did not conform to the bank’s lending requirements. The DOJ Finding. In 2010, LendingClub added to its war chest with a $24.5

Lending 135

Lending Fraud Management San Francisco 135

MyBankTracker

APRIL 5, 2021

When you sign up, you’ll get a free copy of Acorns’ children’s book Grow Your Own Oak. They also receive the standard $250,000 in FDIC insurance , making sure they’re protected even if the bank is unable to return their deposits. The Difference Between Long-Term vs. Short-Term Capital Gains.

Taxes 52

Taxes Cards Tools Examples 52

Fintech Labs Insights

JULY 9, 2015

Board members—Senator Bill Bradley, former FDIC Chairman Sheila Bair and former FASB Chairman Robert Herz. It also offers tax documentation and FDIC insurance for U.S. Since itBit is regulated, it must pass yearly exams, complete capital requirements, and face oversight to ensure its bitcoins are secure. 32 employees. $30

Bitcoin 12

Bitcoin Regulation New York FDIC 12

PYMNTS

OCTOBER 29, 2018

The motivation for that move was to create more of a direct relationship with the sellers in order to provide them with more services, including working capital and lower processing fees – fees, they say, that can be as much as 25 percent lower in some cases. It turned out to not be the case, for most of the adults living in the U.S.

Payments 196

Payments Google Apple Innovation 196