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 | November 2018
1. Mercer Capital’s Texas Bank Group Index Overview
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10/31/201711/30/201712/31/2017
1/31/20182/28/2018
3/31/2018
4/30/2018
5/31/2018
6/30/2018
7/31/2018
8/31/2018
9/30/201810/31/2018
September30,2017=100
SNL Bank Texas Banks S&P 500
Valuation Multiples as of October 31, 2018
Texas Bank Index Community Bank Index
Price/LTM EPS 17.6x 16.2x
Price/18 EPS 14.0x 13.2x
Price/19 EPS 11.9x 12.1x
Price / Book Value 147% 137%
Price / Tangible Book Value 181% 160%
Dividend Yield 2.2% 2.1%
TEXAS BANK
Snapshot
November 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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wilsonj@mercercapital.com
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and strategic decisions.
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Rohan Bose
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boser@mercercapital.com