SECTOR: I-NET BANKING/FINANCIAL SERVICES
Every bank in the country will over
the next two years be announcing their
internet initiatives. The key to profits
will be to differentiate between banks
offering "on-line banking" as a customer
service and "all internet banks" or
"branchless" banks utilizing the internet
as a means to facilitate asset growth. We
want our $$$$ on the latter category.
NTBK @ 175
8.6 mm shs / 6.9 mm shs
assets = 500 million
mcap = 1505 million
ratio = 3.01X
key feature = branchless bank, first to go all i-net
TBFC @ 90 1/2
16 mm shs / 4.5 mm shs
assets = 2300 million
mcap = 1445 million
ratio = 0.62X
key feature = branchless bank, first to go all i-net
ATLB @ 21
4.06 mm shs / 4.00 mm shs
assets = 473 million
mcap = 85 million
ratio = 0.18X
key feature = Dolphin Capital's Powerlease program, a
high margin i-net enabled business, and announced 4Q
i-net banking initiative.
CWBC @ 9 1/2
5.9 mm shs / 2.8 mm shs
assets = 313 million
mcap = 56 million
ratio = 0.18X
key feature = Asset growth rate of 44%, Electronic
Paycheck Card initiative, Access West i-net banking
solution.
BUSE @ 18 3/4
13.2 mm shs / 7.90 mm shs
assets = 958 million
mcap = 247 million
ratio = 0.25X
key feature = Busey Investment Group with 1135 million AUM
Busey Travel, Busey Insurance Services, Busey e-bank
busey.com
USAB @ 10 7/8
2.23 mm shs / 1.40 mm shs
assets = 185 million
mcap = 21 million
ratio = 0.11X
key feature = national i-net bank, national
i-net brokerage 3Q roll-out
usabanc.com
IBCA @ 11 1/2
3.54 mm shs / 1.00 mm shs
assets = 200 million
mcap = 46 million
ratio = 0.23X
key feature = national i-net bank
intervestnatbank.com
SPECIALIZED FINANCIAL SERVICES
BTOB @ 17 3/4
14.2 mm shs / 8.50 mm shs
assets = 427 million
mcap = 252 million
ratio = 0.59X
key feature = originates, sells, services small ticket
equipment leases, business to business i-net bank with
Q4 roll-out
ABFI @ 14
3.53 mm shs / 1.50 mm shs
assets = 311 million
mcap = 49 million
ratio = 0.16X
key feature = small business credit services, high margin
business, and on-line home mortgages
abfsonline.com
uplandmortgage.com
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