Gibbs’s session is titled “Bank Valuations in a Post-SVB Environment.” In his presentation, he will explain how valuations of publicly traded bank stocks entered a period of heightened volatility after the failure of Silicon Valley Bank in March 2023. He will separate the market noise from factors that may affect community bank valuations – both public and private – over the next few years.
Andy leads Mercer Capital’s Depository Institutions Group. He provides valuation and corporate advisory services to financial institutions for purposes including mergers and acquisitions, employee stock ownership plans, profit sharing plans, estate and gift tax planning and compliance matters, corporate planning and reorganizations.
He also leads projects involving compliance with ASC 805 and ASC 350, which entail, for example, the identification and valuation of intangible assets under ASC 805 and impairment testing under ASC 350.
In addition, he works with financial institutions in merger and acquisition advisory engagements. He assists buyers in evaluating the attractiveness of acquisition candidates, determining a price for the target institution, structuring the transaction, and evaluating different forms of financing. For sell-side clients, Andy analyzes the potential value that the institution may receive upon a sale, assists in locating potential buyers, and participates in negotiating a final transaction price and merger agreement.
Finally, Andy participates in projects in a litigated context, including tax disputes, dissenting shareholder actions, and employee stock ownership plan-related matters.
Andy is a frequent speaker on topics related to community bank valuation and co-authored the following books: The ESOP Handbook for Banks: Exploring Alternatives for Liquidity While Maintaining Independence, The Bank Director’s Valuation Handbook: What Every Director Must Know About Valuation, and Acquiring a Failed Bank: A Guide to Understanding, Valuing, and Accounting for Transactions in a Distressed Environment, published by Peabody Publishing, LP.