Session Presenters
Jeff Davis
Managing Director
Mercer Capital
Andy Gibbs
Senior Vice President
Mercer Capital
Close
About the presenter
Presented by
Jeff Davis
Managing Director
Mercer Capital
Jeff Davis is managing director at Mercer Capital in their Financial Institutions Group. The Financial Institutions Group works with banks, thrifts, asset managers, insurance companies and agencies, BDCs, REITs, broker-dealers and financial technology companies. Prior to rejoining Mercer Capital, Mr. Davis spent 13 years as a sell-side analyst providing coverage of publicly traded banks and specialty finance companies to institutional investors evaluating common equity and fixed income investment opportunities. Mr. Davis is a speaker at industry gatherings and regularly makes presentations to boards of directors and executive management teams. He is quoted in the American Banker, Bloomberg News, and other media outlets and is presently an editorial contributor to S&P Global.
Close
About the presenter
Presented by
Andy Gibbs
Senior Vice President
Mercer Capital
Andy Gibbs is senior vice president at Mercer Capital. He leads the depository institutions group. He provides valuation and corporate advisory services to financial institutions for purposes including mergers and acquisitions, employee stock ownership plans, profit sharing plans, estate and gift tax planning and compliance matters, corporate planning and reorganizations. Mr. Gibbs works with financial institutions in merger and acquisition advisory engagements. He assists buyers in evaluating the attractiveness of acquisition candidates, determining a price for the target institution, structuring the transaction and evaluating different forms of financing. For sell-side clients, Mr. Gibbs analyzes the potential value that the institution may receive upon a sale, assists in locating potential buyers and participates in negotiating a final transaction price and merger agreement. He is also a speaker on topics related to community bank valuation and has co-authored three banking-related books.
Breakout 2: Taking Loss on the Installment Method – Impact on Value
Banks are saddled with hundreds of billions of low-coupon bonds that are worth far less than the current market price. As much as one might like to do so, there is no escaping the bloodless verdict of the market in which losses will be realized immediately, if the bonds are sold, or slowly, if the bonds are held to maturity. This session reviews the impact taking a loss today vs. holding the bonds to maturity can have on the value of a bank’s equity and also reviews an intermediate strategy referred to as the installment method.