- 7 -
(1) The economic outlook in general and the condition
and outlook of the specific industry;
(2) The book value of the stock and financial
condition of the company;
(3) The earning capacity of the company;
(4) The dividend-paying capacity;
(5) Whether or not the enterprise has goodwill or
other intangible value;
(6) The market price of shares of stock of companies
engaged in the same or similar line of
business;
(7) The company's net worth.
(8) The size of the block of stock to be valued.
See sec. 20.2031-2(f)(2), Estate Tax Regs.; Rev. Rul. 59-60,
1959-1 C.B. 237.
Petitioner’s first expert rated Wilber Bank, in comparison
to other U.S. banks with similar total assets, with respect to
return on assets, return on equity, asset quality (specifically
nonperforming loans), and liquidity, as indicated in the
following schedule:
Rating of Wilber Bank Among U.S.
Factors of Comparison Banks With Similar Total Assets
Return on Assets Top 4%
Return on Equity Top 21%
Nonperforming Loans Bottom 41%
Liquidity Bottom 31%
In October of 1990, an independent report published by First
Albany Corp. (First Albany report), a regional investment banking
Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Next
Last modified: May 25, 2011