These monthly updates focus on bank activity in Texas. Each edition highlights various banking metrics, including public market indicators, M&A market indicators, and key indices of the top financial institutions in Texas, providing insight into financial institution valuation issues.
1. Mercer Capital’s Texas Bank Group Index Overview
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June30,2018=100
SNL Bank Texas Banks S&P 500
Valuation Multiples as of June 29, 2018
Texas
Bank Index
National
Bank Index
Price / LTM EPS 21.0x 21.5x
Price / 18 EPS 14.8x 15.0x
Price / 19 EPS 13.1x 13.4x
Price / Book Value 180% 164%
Price / Tangible Book Value 225% 191%
Dividend Yield 1.7% 1.8%
TEXAS BANK
Snapshot
July 2018
Mercer Capital Memphis | Dallas | Nashville
Source: S&P Global Market Intelligence
www.mercercapital.com
Mercer Capital’s Texas Bank Peer Reports
Updated monthly, this report offers a closer look at the mar-
ket pricing and performance of publicly traded banks in Texas.
Click to view the report.
PUBLIC MARKET INDICATORS
BUSINESS VALUATION &
FINANCIAL ADVISORY SERVICES
Contact Us
Jay D. Wilson, Jr., CFA, ASA, CBA
469.778.5860
wilsonj@mercercapital.com
Mercer Capital helps banks,
thrifts, and credit unions with
corporate valuation requirements,
transactional advisory services,
financial reporting, stress testing,
and strategic decisions.
Learn more: http://mer.cr/dep-inst
Rohan Bose
214.468.8400
boser@mercercapital.com