Bank transaction analysis intermediate

Course

Inhouse

Price on request

Description

  • Type

    Course

  • Methodology

    Inhouse

  • Class hours

    1h

This course looks at: Comparable transaction analysis. Static balance sheet analysis. Earnings per share dilution/accretion. Dynamic merger modelling. Discussion of consolidation in the banking sector

About this course

None

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Course programme

This course looks at:
  • Comparable transaction analysis
  • Static balance sheet analysis
  • Earnings per share dilution/accretion
  • Dynamic merger modelling
  • Discussion of consolidation in the banking sector
Consolidation in the banking sector
  • Historical transaction analysis: premiums paid and transaction multiples
  • Cost and revenue synergies
  • Good deals vs. bad deals: timing, price, synergies and integration challenges
  • M&A analytical tools:
    • Transaction multiples
    • Static balance sheet analysis
    • EPS dilution / accretion
    • Dynamic merger modelling
Static balance sheet analysis
  • Modelling the pro-forma balance sheet of the combined entity
  • Financing bank acquisition: importance of hybrid capital
  • Capital ratios pre and post acquisition
  • Acquiring bargains and positive impact on capital ratios
EPS dilution/accretion
  • Will an acquisition be EPS dilutive or accretive?
  • Impact of synergies and restructuring costs
  • Impact of financing
  • EPS dilution / accretion over time
Dynamic merger modelling
  • Building a dynamic model for the combined entity incorporating forecasts for bidder and target
  • Value creation as target standalone value + synergies - price paid
  • Will bidder''s share price increase to reflect value creation?
Impact of the credit crisis
  • Further impetus to banking consolidation and changing competitive landscape
  • Impact of different types of government bailouts
  • Key due diligence questions: identifying bargains
  • Strategic questions: universal banking model vs pure commercial or investment bank player

Bank transaction analysis intermediate

Price on request