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 as of October 31, 2018. Municipal Yield Curves Click here to access our Municipal Market… Read More >
News & Insights
Peoples Southern Merges with River B&T
River Financial Corporation of Prattville, AL and PSB Bancshares, Inc. of Clanton, AL have closed their merger, effective October 31, 2018. The combined bank has approximately $1.1 billion in total assets, $700 million in total loans and $900 million in total deposits and has fourteen locations across Alabama. Porter White Capital, LLC served as exclusive… Read More >
Municipal Market Update – September 2018
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 as of September 30, 2018. Municipal Yield Curves Click here to access our Municipal Market… Read More >
Municipal Market Update – August 2018
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 as of August 31, 2018. Figure 1: Probability of a Rate Hike Click here to access… Read More >
Peoples Southern Bank Advised by Porter White in Merger with River Bank & Trust
River Financial Corporation of Prattville, AL and PSB Bancshares, Inc. of Clanton, AL announced last week the signing of a definitive agreement under which River Bank & Trust and Peoples Southern Bank will enter into a strategic merger to combine two well-respected banking franchises in Alabama. Upon closing of the transaction, the combined bank will… Read More >
Recent Performance of International Stocks
International stocks have significantly under-performed US stocks, recently. Investors with allocations to international stocks have watched them perform so poorly on a relative basis that they might question why they own them in the first place. Since June 2008, US stocks[1] have earned ~9% per year where International stocks[2] have only earned ~2% per year…. Read More >
Financial Times Top RIA 2018
Porter White Investment Advisors, Inc. is pleased to announce that it has again been named as a Financial Times 300 Top Registered Investment Advisors for 2018. The list recognizes top independent RIA firms from across the U.S. RIA firms applied for consideration, having met a minimum set of criteria. Applicants were then graded on six… Read More >
Municipal Market Update – April 2018
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 as of April 30, 2018. Figure 1: Municipal Bond Yields Click here to access our Municipal Market… Read More >
Long Term Portfolio Returns – January 2018 Update
In order to make sound investment decisions today, we are forced on making long term projections of portfolio returns. The methodology, assumptions, and original inputs for our approach to predicting long term portfolio returns are originally documented in our white paper titled, Projecting Long Term Portfolio Returns[1]. This paper updates the original with data as… Read More >
Porter, White & Company Presents Five-Year Plan to City of Hoover
Porter, White & Company presented a five-year financial plan to the Hoover City Council at its regular meeting Monday night, April 2. The report addressed recent challenges that have emerged in Hoover finances as formerly robust revenue growth and operating surpluses have declined, while expenses have continued to increase at or above the rate of… Read More >
Michael Stone Featured in Rotary Magazine
In the most recent issue, Michael Stone was featured in Rotary International’s magazine in the article, “7 Things You Don’t Know about Rotaract: Decoding the Secrets of their Success.” Michael, a Vice President for the firm who is active in the investment banking practice, is featured as “The Deal Maker.” When asked about his work… Read More >
The Bank Shot, Q4 2017
In this issue of The Bank Shot, our quarterly newsletter for community banks, we take a robust look at the bank M&A arena in 2017. Click here to read the full report.
Municipal Market Update – January 2018
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 as of January 31, 2018. Figure 1: Municipal Bond Yields Click here to access our… Read More >
The Monkey’s Advantage
The Wall Street Journal ran a periodic column a few years ago that compared the performance of some of the best stock pickers to that of monkeys throwing darts at a page of stock listings. After some time, the “monkeys” had done so well that interest in the column waned. How did the monkeys “beat… Read More >
Municipal Market Update – October 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 as of October 31, 2017. Figure 1: Municipal Bond Yields Click here to access our… Read More >
Municipal Market Update – September 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 as of September 30, 2017. Figure 1: Local Bond Yields Click here to access our… Read More >
Effect of Stale Returns on Diversification Strategies
In an effort to manage risk and reduce volatility, investors often seek to diversify the holdings in their portfolio. Diversification is sometimes described as the only “free lunch” when it comes to investing. The idea behind diversification is that an appropriately constructed portfolio will yield equivalent or higher returns with less risk than a group… Read More >
First National Bank of Brundidge Advised by Porter White in Sale to Troy Bank & Trust
Henderson Bancshares, Inc. of Troy, AL and First Brundidge Bancshares, Inc. of Brundidge, AL announced yesterday the signing of a definitive agreement for Henderson, the parent company of Troy Bank & Trust, to acquire First Brundidge and its wholly-owned subsidiary First National Bank of Brundidge. Porter White & Company served as exclusive financial advisor to… Read More >
