Day One

Registration opens at 8 a.m. Session begins at 8:30 a.m.

Overview of Bank and Thrift Valuation

•  Purpose and objectives of company valuation
•  Bank operating models and implications for valuation
•  Determining the key drivers of value estimates

Valuing Banks and Thrifts

• Understanding how banks make money
• Financial statement review: Key line items and management disclosures
• Evaluating the quality of the balance sheet and earnings
• Identifying key ratios
• Asset/liability structures and interest rate risk
• Understanding reserves and regulatory capital requirements

Comparable Company and Transaction Analysis

• Getting behind the numbers: Choosing appropriate peer groups
• Evaluating market conditions
• Understanding and calculating trading multiples

Comparable Peers Analysis: A Case Study

Comparable Transaction Analysis: A Case Study

Day One concludes at approximately 5:30 p.m.

Day Two

Session begins at 8 a.m.

Discounted Cash Flow Modeling and Analysis

• Estimating cost of capital and terminal values
• Recognizing key operating levers and key bets
• Estimating free cash flows to equity holders
• Sensitivity analysis
• Valuing fee-based earnings streams

Discounted Cash Flow Modeling: A Hands-On Case Study

M&A Valuation

• Incorporating discounted cash flows modeling
• Determining a valuation range and triangulating valuation results
• Valuing synergies
• How control premiums impact multiples
• M&A transaction considerations

Bank M&A Transaction Valuation: A Case Study 

Day Two concludes at approximately 5:00 p.m.