We will cease operations at the end of February, and the site will come down. This was an interesting, albeit short, run. I learned a lot about banks, the markets, marketing, IT, and myself. At the end of the day, I still believe in the premise and may revisit after
The latest intrinsic value reports for every region in the BVR universe are now available. In past cycles, we sent these out one region at a time, but to avoid cluttering your inbox, we are sending notification in one email. Use the links below to access each regional report. If
The good news is that this one is short, specific, and—mercifully—limited in scope. While reviewing the BVR universe, we found a handful of idiosyncratic issues where odd quarterly results or data quirks quietly snuck into forward run‑rate estimates. Nothing dramatic, nothing systemic, and nothing that changes the
We are always a little surprised there aren't more Southwest banks that hit the criterion for research coverage at BankVault Research, LLC--not followed elsewhere. The area has roughly 750 banking companies, 360 in Texas alone. But it really points to the ability of these communities to support very
We are down to six banks in the Moutain-Plains coverage. An undisclosed buyer has agreed to acquire Solera National Bancorp, Inc. (SLRK:OTC) for $70 million or $17.99 per share. This is roughly 66% of tangible book and 3.1x earnings. These are outrageously low multiples, but good for
After a generally strong 3Q25, we are raising our estimates for most of the banks we follow in the Northeast. Companies covered herein include: Community Bancorp (CMTV), Delhi Bank Corp. (DWNX), ECB Bancorp, Inc. (ECBK), ES Bancshares, Inc. (ESBS), The First Bancorp, Inc. (FNLC), First Seacoast Bancorp, Inc. (FSEA), Gouverneur
One thing to say about the Southeast banks in this market cap range, they get their financials straight. After seeing a few banks in the Midwest and West have issues with this it was nice to see a region where the banks feel that shareholders deserve clean information. Companies covered
One thing we will say about the Mid-Atlantic banks in this market cap range, they get their financials straight. After seeing a few banks in the Midwest and West have issues with this, it was nice to see a region where the banks feel that shareholders deserve clean information. Companies
Things get messy at this end of the market cap range. We stopped writing on Broadway Financial Corp. (BYFC). They haven't been able to file a 10Q and have a notice of noncompliance from NASDAQ. Something to do with how they accounted for sold loan participations. This could
Things get messy at this end of the market cap range. We stopped writing on CNBN and IROQ; each announced they are the target of a merger since we wrote on them in October. We passed on MSBB this quarter because they haven't put out holding company level
BankVault Research, LLC did the scrubbing for you. We cleaned the bank data so they reflect the highest level available for each organization (holding company filings, call report, GAAP filings, or a mix depending on the company.) You get all that data, and we calculated averages and medians by state
So, what's it worth to you? We'll tell you. This report represents the DCF valuation report for the BankVault Research LLC Midwest bank coverage universe (CO, KS, MO, MT, UT, and WY). Use it to see how your holdings' prices stack up to a rigorous