National average on P/B for banks in the NE region of the country is 1.15...and an average P/E of 18.8.
National average on P/B for banks with $1B - $5B in assets is 1.44....and an average P/E of 17.7
Is this bank in better than average financial condition? Yes. Very much so. However the rapid increase from what was allready a very robust 2.2 P/B to a frothy industry leading 3.63 suggests to me someone knows something that isn't general knowledge yet. ??
"Politicians never accuse you of ‘greed’ for wanting other people’s money—only for wanting to keep your own money." ~ Joseph Sobran