September 13-14, 2012 • New York, NY

Bank Valuation is an intensive, in-depth program that uses lectures, case studies and hands-on modeling to teach the intricacies of valuing banking institutions.

Addressing both the science and the 'art' of valuation in this complex sector, Bank Valuation provides participants with the foundation of how banks and thrifts make money, how to forecast operating results and how to assess an institution's worth based on market norms.

Topics include:

• Navigating bank financial statements, identifying key operating levers and evaluating earnings quality
• The fundamental ratios necessary to successfully analyze banks and forecast future earnings
• Modeling and valuing banks using an excess equity-based discounted cash flow model

• Capacity-to-pay/earnings dilution analysis
• Dissecting and interpreting a fairness opinion
• Best practices for the effective use of peer comparables, transaction premium and discounted cash flow valuation approaches

In addition, coursework includes Excel-based modeling in a case study environment. Participants will receive pre-reading via email prior to the program.

Attendees leave the program with:

• A foundation for how banks and thrifts make money, as well as insight into how to forecast operating results
• A better understanding of valuation techniques, including trading-comparables, comparable transactions and discounted cash flow approaches
• Hands-on experience using an Excel-based discounted cash flow model
• An improved grasp of the key ratios used to assess a bank’s worth
• The ability to assess a bank’s worth from both stand-alone
  and M&A perspectives
• A broader perspective gained from expert faculty, as well as group discussions with participants from across the sector

Prerequisites:

This program presumes familiarity with basic banking and finance concepts and valuation theories, as well as a working knowledge of financial institutions’ income statements and balance sheets. Participants will need to bring a laptop computer equipped with Microsoft Excel.