- U.S. Bancorp saw 47.4% growth in adjusted tangible book value over the three-year period to $13.99 a share as of Sept 30, backing out 31 cents a share in reserve releases. The adjusted CAGR was 15.8% -- still a very impressive figure.
- Wells Fargo achieved 44.1% growth in adjusted tangible book value to $22.23, backing out a dollar a share for reserve releases. WFC's adjusted CAGR was 14.7%.
- PNC Financial Services Group (PNC) of Pittsburgh saw a 23.3% increase in adjusted tangible book value to $46.69 a share as of Sept. 30, backing out $1.98 a share for reserve releases, for a CAGR of 7.8%. PNC ranked sixth on the unadjusted list, with 28.5% growth in TBV to $48.67, for a CAGR of 9.5%.
- Huntington ranked fourth with adjusted TBV growing 22.9% over the three-year period to $5.59, backing out 51 cents a share for reserve releases, for a CAGR of 7.6%.
- Fifth Third ranked... fifth on the adjusted list, with TBV growing 22.6% over three years to $11.94 as of Sept. 30, backing out $1.15 a share for reserve releases, for a CAGR of 6.1%.
5 Big Banks Showing Most Book Value Growth
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.