NEW YORK ( TheStreet) -- Deferred tax assets can be a silver lining for some patient long-term bank stock investors.
Many bank holding companies that saw the worst of the banking crisis beginning in 2008 have large amounts of deferred tax assets (DTA), and depending on the banks' ability to show sustained profits, the realization of the DTA can add a boost to the bottom line.
Sterling Financial (STSA) of Spokane, Wash., saw its second-quarter bottom line boosted by a $288.8 million release of its entire deferred tax assets valuation allowance. The company reported second-quarter earnings of $320.9 million, or $5.13 a share.
(SNV) of Columbus, Ga., had $802 million in deferred tax assets as of June 30, and said on July 24 that it expects "to reverse substantially all of the
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