Profit Fan
Value

Loss Of Earning Power Will Weigh Heavily On Southwest Bancorp

Southwest Bancorp (NASDAQ:OKSB) is a $307 million bank holding company that focuses on the special financial needs of healthcare and health professionals in the offices it operates in throughout Oklahoma, Texas and Kansas.

The bank repurchased all of the $70 million preferred securities that it issued under the CPP program and is slated to redeem its 10.5% Trust Preferred Securities in the middle of 2013, which it believes will improve net interest income by ~$3.5 million. This is a big step in the right direction, but it has weighed heavily on shareholders' equity that has also been pressured by unrealized losses on securities available for sale and some dilution that has stalled the bank's growth and put the...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details