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AUTHOR
DATE
SUBJECT
19
member
4/20/08 6:37PM
RE: RE: RE: Update
To clarify, it seems less likely that banks operating in Silicon Valley, such as Bridge Bank, are immune to the rising amount of bad loans that have been occurring across the entire banking sector.
And just... login to read the rest
I exited my position about a month ago. The company has performed admirably, but I became increasingly nervous about the secular headwinds of California real estate and their negative asset sensitivity to the Fed rate... login to read the rest
I am an admirer of this bank, but not yet a shareholder. Seems like price is anticipating a NIM compression. My preference has always been for loans to reset quickly though. Any... login to read the rest
DA Davidson, a research boutique that covers a lot of small and mid-cap banks on the west coast, initiated coverage of BBNK with a Buy rating and a $26 price target. Nothing new in the... login to read the rest
-BBNK reported very good earnings of $0.35 per share vs. $0.34 in Q3/06 and $0.28 a year ago.
-The net interest margin increased 4 basis points from Q3/06 to 6.77% (although it is still down... login to read the rest
SIVB is the dominant Silicon Valley bank serving VC and technology companies. The Barron's article said they would be a good tkae-out target, reflecting Merrill Lynch's recent acquisition of San Francisco-based First Republic. I think... login to read the rest
The net interest margin (and more specifically, the net interest spread) is a function of two variables, the cost of funds and the yield on assets. For example, if BBNK is successful in raising $10... login to read the rest
They don't make any sort of warrant/equity investments in any companies. To the extent they are dealing with technology companies, it is generally in servicing their deposit needs.
In general, the accounting rules and relatively tight... login to read the rest
Thanks for the idea Skyhawk.
Do you know if they recieve stock/warrants/other equity kickers from their startup customers and are building the valuation or appreciation of these illiquid items into their loan yield...?
Along these lines, have... login to read the rest
Thanks for the questions. My answers are included after your questions.
1. NIM - Given that their NIM has increased 200 bps since 2003, how sustainable is the current NIM? It looks like they benefited from... login to read the rest
Skyhawk,
Couple of questions for you:
1. NIM - Given that their NIM has increased 200 bps since 2003, how sustainable is the current NIM? It looks like they benefited from the prime rate moving on the... login to read the rest
I have copied your questions and pasted in answers:
1. How big do you think they can make this company? Will deposit and asset growth slow down after a while, or is this a 12-20%... login to read the rest
Thanks for the answers. I took a look at the 10-K. They've done an impressive job building the business over the last few years. A few more questions:
1. How big do you think they can... login to read the rest
Thanks for the questions.
1- While BBNK's loan yields are higher than most large banks, the yields are not that different from some other small banks which I follow. However, one of the reasons they have... login to read the rest
Nice writeup. I have a few questions:
1. I'm not a banking analyst, but the yield on BBNK's loan book seems to be high. How are they able to get such high yields? Is there a... login to read the rest
Are you sure you want to close this position Bridge Bank?
By closing position, I’m notifying VIC Members that at today’s market price, I no longer am recommending this position.
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