Dwight Larsen and Matthew Becker (BankValue Advisory Services) told the audience at last week’s 21st Annual Minnesota BV Conference that bank earnings are on the mend.
- The banking industry reported an aggregate net income of $53.6B thru 9/30/10 ($1.3B in 2009,, $4.5B in 2008; $100B in 2007)
- Industry ROA in 2010 3Q equaled 0.44%, up from 0.06% one year prior
- 18.9% of institutions lost money in 2010 3Q, down from 27% last year
- 63% of institutions reported year-over-year improvement in net income
If you’ve likely to be doing any bank valuations soon, join expert appraiser Andrew Gibbs (Mercer Capital) and attorney Chip MacDonald (Jones Day) next week (February 17) for BVR’s teleconference “Valuing Banks,” the latest installment of BVR’s Industry Spotlight Series. Through their 100-minute presentation Gibbs and MacDonald will address both classic considerations and emerging issues. For more information or to register, click here.