District Banker

Seacoast Banking's Ill Will

Not sure what the point of this article is.... goodwill is one of the intangible assets that banks hold on their balance sheet (along with core deposit intangibles) - and any bank investor worth his salt is looking at things on a tangible basis (tangible book value, tangible capital levels, etc). Thus, while goodwill impairment is a painful charge to take from a GAAP EPS standpoint, it is meaningless from a tangible capital standpoint.