Bank and Thrift 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, the program 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/earning dilutions 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.

Attendees will 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

This program presumes familiarity with basic bank and finance concepts, 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. The SNL Center for Financial Education will have a limited number of laptops available for a fee should a participant be unable to bring one.