Thank you for your very nice articles. You are probably aware of this already but, if not, here is a good link for looking up the Holding Company reports for banks, which are issued for the 6 months ending June 30 and Dec 31 of each year. This better aligns with what the company will report for its shareholders. As you mention, there are usually more liabilities (debt) and expenses and the holding company compared to the bank, and therefore earnings will be less than expected from the call report alone. https://www.ffiec.gov/NPW
Firstly, are you sure that the dates for each of your set of figures are identical? Just a quarter difference could account for the discrepancy.
Also, since this is a cash deal, there's very little reason to wait 5 or 6 months for your cash if you are a stockholder. The extra 3% that you would get by holding until the closing can likely be dwarfed by investing elsewhere.
Thank you for your very nice articles. You are probably aware of this already but, if not, here is a good link for looking up the Holding Company reports for banks, which are issued for the 6 months ending June 30 and Dec 31 of each year. This better aligns with what the company will report for its shareholders. As you mention, there are usually more liabilities (debt) and expenses and the holding company compared to the bank, and therefore earnings will be less than expected from the call report alone. https://www.ffiec.gov/NPW
Firstly, are you sure that the dates for each of your set of figures are identical? Just a quarter difference could account for the discrepancy.
Also, since this is a cash deal, there's very little reason to wait 5 or 6 months for your cash if you are a stockholder. The extra 3% that you would get by holding until the closing can likely be dwarfed by investing elsewhere.