siegfried

Survey of Banking Industry Intangible Assets

Also look at weak assets as percent of loan portfolio. For example, SNV has $8.008 billion of construction loans in its loan portfolio, or 30+% of its loan portfolio. This is also 233% of shareholder's equity, including intangibles. STI has 11.26% of its loan portfolio in construction loans, or 76% of shareholder's equity, before your haircut for intangibles. However, it is not working as a trading strategy, since its difficult to "fight the Fed" with revaluations of risky assets like ABS upwards.