Is First Citizens BancShares ($FCNCA) Quietly Engineering a Banking Empire No One Saw Coming?
It is not that it is easy in the US. It is difficult which is why there is a wave of deregulation.
In one week we have this:
- America First CU To Acquire $1.35B Meadows Bank In Industry’s Second-Biggest Bank Buy | 26 Jul
- East Texas Financial Corporation, Kilgore, announces plans to acquire Texas National Bancorporation, Inc. | 24 Jul
- Pinnacle Financial Partners, Synovus announce $8.6bn merger | 25 Jul
- Michigan, Georgia banks propose to buy in-state peers | 24 Jul
I could still go on but that will take up too much time. I try to simulate what will happen if the net interest margin stays at 3.2%, the bank have a ROTCE of 13% and a loan growth of 6.5% p.a.:
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