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Re: SaltyMutt post# 57

Wednesday, 06/11/2014 2:36:07 PM

Wednesday, June 11, 2014 2:36:07 PM

Post# of 137
MBNC ttm earnings thru 2014 Q1. Based on their shareholder newsletters, it is approximately $0.20/share allowing for rounding error.

Q2 2013 - $322K or .03/share
Q3 2013 - $614K or .06
Q4 2013 - $677K or .06
Q1 2014 - $453K or .04
ttm - $2.066M or .20/share

The PE for regional Pacific banks is 19.8 (http://biz.yahoo.com/ic/416.html), so MBNC should be trading at $3.96. Even though they report to the FDIC, I think the PPS is held down since they do not report thru the SEC. They were last ay $4 in 2008 and stopped reporting after Sept 2008.


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