Click here for the PDF. In This Issue In “Trump Bump?…2016 Bank M&A Scorecard,” we discuss how M&A in 2016 was down compared to 2015 but wonder if the November election could be a boon to 2017 bank M&A. In… Read More >
Birmingham Area Economic Report, Q3 2016
This report explores a few key statistics that paint a picture of the Birmingham area economy. This is the tenth edition of the newly reinstated Porter, White & Company Birmingham Area Economic Report, which is published quarterly. The results in… Read More >
Municipal Market Update – January 2017
Our Municipal Market Update is data-driven, one page sheet that is intended to give you an overview of key interest rates – both floating and swap-to-fixed as well as the credit spreads of key local and state entities with data… Read More >
Municipal Market Update – December 2016
As anticipated, the Federal Reserve raised its benchmark interest rate at the December meeting for the first time since 2015. The central bank indicated that it expects gradual increases in the federal funds rate in the near-term as the economy… Read More >
Municipal Market Update – November 2016
Porter White & Company is pleased to release its monthly Municipal Market Update, with data as of November 30, 2016. This data-driven, one page sheet is intended to give you an overview of key interest rates – both floating and… Read More >
Municipal Market Update – October 2016
Porter White & Company is pleased to release its first monthly Municipal Market Update, with data as of October 31, 2016. This data-driven, one page sheet is intended to give you an overview of key interest rates – both floating and swap-to-fixed… Read More >
The Bank Shot – October 2016
In “IRS Besieges Family Controlled Banks,” we discuss proposed regulations that could have far-reaching and punitive consequences for family-owned banks. In “Q3 2016 Bank M&A Scorecard,” we review current trends in bank M&A and discuss the impact of loose-lipped politicians…. Read More >
What’s It Worth, Q1 2016
Our quarterly valuation review explores recent valuation trends in the public and private markets, directed to small and middle market business owners and the professionals and financial institutions that serve them. The review is designed to provide realistic guidance on… Read More >
Birmingham Area Economic Report, Q1 2016
The headline news of this report is that job growth for the ten years ending March 31, 2016 in the Birmingham-Hoover MSA has lagged behind all but one comparable Southeastern MSA and that job growth for the last ten years… Read More >
The Bank Shot – July 2016
In this quarter’s newsletter, we examine where bank stocks trade and their effect on bank M&A pricing. Rising Tide?…Bank M&A Scorecard June 30, 2016 The first half of 2016 bank M&A activity is in the books and nationally there were… Read More >
The Bank Shot – April 2016
In “Tone from the Top…Bank Secrecy Act Update,” Richard Hills discusses recent BSA developments and sheds light on the important “tone from the top” concept about which all bank executive management should be aware as it relates to BSA compliance…. Read More >
What’s it Worth, Q4 2015
U.S. middle-market private equity activity remained strong throughout 2015 as elevated transaction multiples were accompanied by unprecedented levels of debt. The continued abundance of cheap liquidity will likely keep deal prices elevated for the near term, which is good news… Read More >
Birmingham Area Economic Report, Q4 2015
This report explores a few key statistics that paint a picture of the Birmingham area economy. This is the seventh edition of the newly reinstated Porter, White & Company Birmingham Area Economic Report, which is published quarterly. Click here to… Read More >
Make Deal Flow Great Again
Last month, members of the Porter White & Company (PW&Co) team attended a professional conference with over 1,000 middle-market private equity professionals and other capital providers. The story we have heard for the past few years continued – competition to… Read More >
The Bank Shot – January 2016
This issue of The Bank Shot gives expert insight on the current regulatory environment as well as an update on the M&A marketplace. In “What to Ask Washington,” Larry C. Lavender identifies issues that community bankers should bring up with… Read More >
Principal Trends and Interest, Q3 2015
This past August Porter White attended the Alabama Bankers Association’s CEO and Directors College in Point Clear, AL. One frequent topic of discussion was the bank merger marketplace. There seemed to be a general consensus that the M&A market was… Read More >
Economic Update, Q3 2015
This economic update provides a snapshot of the local Birmingham economy, a prequel to our quarterly Birmingham Area Economic Report that will be published once regional and national data is made available. Each data series (number of people employed, retail… Read More >
What’s it Worth, Q2 2015
U.S Middle-market private equity activity remained strong in Q2 2015 with elevated multiples holding steady. Deal multiples of 15.0x EBITDA are no longer seen as outliers, prompting data providers to increase their deal parameters to include these transactions. The continued… Read More >
