This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

10 Bank Acquisition Targets

Stocks in this article: SNV CRBC TSFG BANR WTNY TD UCBI

Company Profile

Shares of Citizens Republic Bancorp (CRBC) of Flint, Mich. closed at 80 cents Wednesday, up 16% year-to-date.

Following a regulatory examination of the bank, the company entered into an agreement with the Federal Reserve Bank of Chicago and state regulators requiring it to submit plans to improve its capital strength, asset quality and various other risk management activities and assess the quality of its management.

Income Statement

The company reported a second-quarter net loss to common shareholders of $44.7 million or 12 cents a share, improving from a first-quarter loss of $90.3 million or 23 cents a share and a net loss to common shareholders of $352.6 million or $2.73 a share when the company recorded a $256 million non-cash goodwill impairment charge. Operating losses have mainly resulted from elevated provisions for loan losses.

Balance Sheet

Citizens Republic had $10.8 billion in total assets as of June 30. The company owes $300 million in TARP money and reported a tier 1 leverage ratio of 8.72% and a total risk-based capital ratio of 14.17% as of June 30.

The company's nonperforming assets ratio was 4.10% as of June 30, improving from 4.51% in March and 4.73% a year earlier. The net charge-off ratio for the second quarter was 3.83%.

Stock Ratios

The shares traded for 0.5 times tangible book value as of Wednesday's market close.

Analyst Ratings

Out of five analysts covering Citizens Republic, four have hold ratings and recommends buying the shares.

8 of 11

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs