- 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
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