This report explores a few key statistics that paint a picture of the Birmingham area economy. The Porter, White & Company Birmingham Area Economic Report, published quarterly, places the Birmingham area economy in a state, regional and national context. Click here to download the full report with a more in-depth look at the statistics. The… Read More >
News & Insights
PWCo’s Jim White Featured in ABA Board Briefs
The Alabama Bankers Association included several expert sources in their May / June 2017 edition of Board Briefs. Contributors shared perspectives on commercial real estate, historic tax credits, financial regulatory reform and many additional topics relevant to the banking sector. Jim White, chairman of Porter White & Company, was one of the contributors included in… Read More >
Municipal Market Update – June 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 June 30, 2017. Figure 1: Municipal General Obligation Yield Curves Click here to… Read More >
Econ Report Cited in BBJ
In recent months, analysts and writers have shared reports highlighting job growth trends in the U.S. Some national reports show encouraging statistics. That said, certain states are still trying to catch up to the national economy. In a recent article featured in the Birmingham Business Journal, Neal Wade, director of the University of Alabama’s Economic… Read More >
Municipal Market Update – May 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 May 31, 2017. Figure 1: Municipal General Obligation Yield Curves Click here to… Read More >
Bank of Wedowee Advised by PW&Co in Sale to First Bank of Alabama
Talladega, AL – FirstBanc of Alabama, Inc. of Talladega, AL and Swann Bancshares, Inc. of Wedowee, AL announced today the signing of a definitive agreement for FirstBanc, the parent company of First Bank of Alabama, to acquire Swann and its wholly-owned subsidiary Bank of Wedowee in an all-cash transaction. Principals of Porter White & Company,… Read More >
Stone Offers Thoughts on Startups Raising Capital
Businesses that want to grow and expand must raise capital to fund their goals. For startups, the fundraising process can be extremely challenging. Recently, the Birmingham Business Journal examined fundraising trends for startups in Birmingham and invited several investment banking experts to share their insights in a cover story entitled, “Funding deals grow for Birmingham… Read More >
Municipal Market Update – April 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 April 30, 2017. Figure 1: Municipal General Obligation Yield Curves Click here to… Read More >
PW&Co Completes Sale of Nutec Metal Finishing
PW&Co served as the sell-side advisor to Nutec Metal Finishing (“Company”), an Alabama-based metal plating Company, on its sale to a confidential buyer. PW&Co’s investment banking team was led by Michael Stone and Kip Porter. The Company offers zinc electroplating, mechanical galvanizing/plating, and custom metal finishes. PW&Co performed due diligence on the Company and prepared… Read More >
Municipal Market Update – March 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 March 31, 2017. Figure 1: Municipal General Obligation Yield Curves Click here to… Read More >
Estimating Bond Returns
Many people find the performance of bonds, and particularly bond funds, confusing. We know that if we buy a bond for $100 that matures in 5 years and pays a $5 coupon (or 5% yield), then we will earn 5% if we hold that bond to maturity. (I am assuming that the bond does not… Read More >
What’s It Worth, Q4 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 the question “What’s it Worth?,” keeping in mind that proper preparation for real world transactions… Read More >
Birmingham Business Journal Explores PWCo Econ Report
On February 2, 2017, Porter White & Company (PWCo) released its Q3 2016 Birmingham Area Economic Report. The report reveals that the Birmingham-Hoover MSA has experienced significant losses in manufacturing over the past decade and has experienced gains in the leisure and hospitality industry. The report also reveals that Alabama has not fully recovered from… Read More >
Municipal Market Update – February 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 February 28, 2017. Figure 1: Municipal General Obligation Yield Curves Click here to… Read More >
The Bank Shot – February 2017
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 “CRE Concentration Considerations,” we review an issue a number of banks are contending with 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 this report are the best of the reports we have published thus far. Click here… 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 as of January 31, 2017. Figure 1: Municipal General Obligation Yield Curves Click here to… 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 continues to show signs of improvement. Our Municipal Market Update is data-driven, one page sheet that… Read More >
