Has the U.S. Regional Banks Industry valuation changed over the past few years?

Investors are relatively neutral on the industry at the moment, indicating that they anticipate long term growth rates to remain steady. The industry is trading close to its 3-year average PE ratio of 11.2x.

How does U.S. Regional Banks compare with similar industries?

There is insufficient data on the sub-industries of this industry.

U.S. Regional Banks Industry Analysis

Date	Market Cap	Revenue	Earnings	PE
Sun, 29 May 2022	US$793.3b	US$217.1b	US$64.8b	9.9x
Tue, 26 Apr 2022	US$800.4b	US$219.5b	US$66.4b	10x
Thu, 24 Mar 2022	US$882.4b	US$225.9b	US$69.7b	10.5x
Sat, 19 Feb 2022	US$923.7b	US$225.5b	US$69.6b	10.8x
Mon, 17 Jan 2022	US$979.1b	US$220.7b	US$68.1b	11.3x
Wed, 15 Dec 2021	US$861.2b	US$220.7b	US$68.1b	10.6x
Fri, 12 Nov 2021	US$931.1b	US$221.0b	US$68.2b	10.9x
Sun, 10 Oct 2021	US$880.6b	US$212.5b	US$65.0b	11.3x
Tue, 07 Sep 2021	US$812.7b	US$213.0b	US$65.0b	11x
Thu, 05 Aug 2021	US$798.6b	US$213.1b	US$65.1b	10.9x
Sun, 09 May 2021	US$839.1b	US$197.5b	US$53.6b	11.7x
Wed, 10 Feb 2021	US$662.5b	US$179.5b	US$36.5b	11.4x
Tue, 03 Nov 2020	US$519.6b	US$171.9b	US$34.0b	10x
Fri, 07 Aug 2020	US$473.6b	US$166.9b	US$32.8b	9.7x
Thu, 30 Apr 2020	US$478.5b	US$172.3b	US$40.0b	9.8x
Sun, 02 Feb 2020	US$660.3b	US$177.9b	US$51.4b	12.4x
Wed, 06 Nov 2019	US$658.1b	US$182.9b	US$53.6b	12.5x
Sat, 10 Aug 2019	US$665.1b	US$181.5b	US$53.9b	12.7x


US Market	5.92%
Financials	7.33%
Banks	8.86%
Regional Banks	7.47%
Diversified Banks	9.90%

Company	Last Price	7D	1Y	Valuation
PNC PNC Financial Services Group	US$175.05	12.2% +US$7.9b	-10.1%	PB1.6x
TFC Truist Financial	US$49.13	7.6% +US$4.6b	-20.5%	PB1.1x
SIVB SVB Financial Group	US$492.02	13.2% +US$3.4b	-15.6%	PB2.3x
MTB M&T Bank	US$180.80	11.1% +US$3.2b	12.5%	PB2x
FITB Fifth Third Bancorp	US$39.11	9.7% +US$2.4b	-7.2%	PB1.5x

May 26

Brookline Bancorp, Inc. (NasdaqGS:BRKL) entered into a definitive agreement to acquire PCSB Financial Corporation (NasdaqCM:PCSB) for approximately $320 million.

Brookline Bancorp, Inc. (NasdaqGS:BRKL) entered into a definitive agreement to acquire PCSB Financial Corporation (NasdaqCM:PCSB) for approximately $320 million on May 23, 2022. Under the terms of the transaction, shareholders of PCSB will receive, for each share of PCSB, at the holder’s election, either $22.00 in cash consideration or 1.3284 shares of Brookline common stock for each share of PCSB common stock, subject to allocation procedures to ensure 60% of the outstanding shares of PCSB common stock will be converted to Brookline common stock. The receipt of Brookline common stock by stockholders of PCSB is expected to be tax-free. Following the transaction, PCSB Bank will operate as a separate bank subsidiary of Brookline. PCSB Bank will retain its New York bank charter and Board of Directors and its headquarters will remain in Yorktown Heights. Brookline will select one PCSB director to join its Board of Directors. Following the closing, Michael P. Goldrick shall become PCSB Bank’s President and Chief Executive Officer. PCSB shall pay a termination fee of $12 million to Brookline. The transaction has been unanimously approved by the Board of Directors of both companies and is subject to approval by PCSB stockholders, as well as regulatory approvals, effectiveness of the Registration Statement, shares of Brookline common stock shall have been authorized for listing on Nasdaq and other customary closing conditions. The deal is expected to be completed in the second half of 2022. The transaction is anticipated double-digit EPS accretion of approximately 13% to Brookline’s earnings per share. Brookline was advised in this transaction by Performance Trust Capital Partners, LLC as financial advisor and Samantha M. Kirby of Goodwin Procter LLP as legal counsel. PCSB was advised by Piper Sandler & Co. as financial advisor and fairness opinion provider and Kip A. Weissman of Luse Gorman, PC as legal counsel.

U.S. Regional Banks Industry Analysis

Industry Valuation and Performance

Industry Comparison

Top Stock Gainers and Losers

Latest News

FITB

Fifth Third Bancorp: Attractively Positioned For Rising Rates

RRBI

Red River Bancshares, Inc. Announces Quarterly Cash Dividend, Payable on June 23, 2022

PNC

The PNC Financial Services Group, Inc. Announces Retirement of Karen Larrimer as Head of Retail Banking and Chief Customer Officer

RF

Upcoming dividend of US$0.17 per share

FFNW

Upcoming dividend of US$0.12 per share

BRKL

Brookline Bancorp, Inc. (NasdaqGS:BRKL) entered into a definitive agreement to acquire PCSB Financial Corporation (NasdaqCM:PCSB) for approximately $320 million.

MTB

Upcoming dividend of US$1.20 per share

TFC

Truist Financial Corporation Announces Retirement of Daryl Bible as Chief Financial Officer

HNVR

Second quarter 2022 earnings released: EPS: US$1.02 (vs US$0.49 in 2Q 2021)

NKSH

National Bankshares (NASDAQ:NKSH) Is Increasing Its Dividend To US$0.72

FRC

First Republic Bank Continues To Cushion The Blow Of Inflationary Pressures

FCCO

First quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

NWFL

First quarter 2022 earnings released: EPS: US$0.87 (vs US$0.68 in 1Q 2021)

CVCY

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

CFG

Citizens Financial: Time To Make A Choice Between Income And Capital Gains

SIVB

Consensus EPS estimates increase by 10%