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.
Mercer Capital's Texas Bank Snapshot | October 2018
1. Mercer Capital’s Texas Bank Group Index Overview
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100
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115
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125
September30,2017=100
SNL Bank Texas Banks S&P 500
Valuation Multiples as of September 28, 2018
Texas
Bank Index
National
Bank Index
Price / LTM EPS 19.0x 19.1x
Price/18 EPS 15.1x 14.1x
Price/19 EPS 12.5x 12.8x
Price / Book Value 170% 148%
Price / Tangible Book Value 211% 172%
Dividend Yield 1.9% 1.9%
TEXAS BANK
Snapshot
October 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
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Jay D. Wilson, Jr., CFA, ASA, CBA
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Rohan Bose
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