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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75
80
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90
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100
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110
115
120
3/31/20184/30/20185/31/20186/30/20187/31/20188/31/20189/30/201810/31/201811/30/201812/31/2018
1/31/20192/28/20193/31/2019
March31,2018=100
SNL Bank Texas Banks S&P 500
Valuation Multiples as of March 29, 2019
Texas Bank Index Community Bank Index
Price/LTM EPS 14.2x 13.0x
Price/19 EPS 10.8x 10.6x
Price / Book Value 129% 126%
Price / Tangible Book Value 181% 145%
Dividend Yield 2.5% 2.3%
TEXAS BANK
Snapshot
April 2019
Mercer Capital
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