| Industries |
|---|
| Investment Banking and Brokerage |
| Real Estate |
| Real Estate Services |
| Exposures |
|---|
| Military |
| Provide |
| Leadership |
| Event Codes |
|---|
| Military blockade |
| Solicit support |
| Yield to order |
| Sports contest |
| Warn |
| Adjust |
| Demand |
| Wiki | Wiki Summary |
|---|---|
| Financial statement | Financial statements (or financial reports) are formal records of the financial activities and position of a business, person, or other entity.\nRelevant financial information is presented in a structured manner and in a form which is easy to understand. |
| Financial ratio | A financial ratio or accounting ratio is a relative magnitude of two selected numerical values taken from an enterprise's financial statements. Often used in accounting, there are many standard ratios used to try to evaluate the overall financial condition of a corporation or other organization. |
| Financial law | Financial law is the law and regulation of the insurance, derivatives, commercial banking, capital markets and investment management sectors. Understanding Financial law is crucial to appreciating the creation and formation of banking and financial regulation, as well as the legal framework for finance generally. |
| Financial analysis | Financial analysis (also referred to as financial statement analysis or accounting analysis or Analysis of finance) refers to an assessment of the viability, stability, and profitability of a business, sub-business or project. \nIt is performed by professionals who prepare reports using ratios and other techniques, that make use of information taken from financial statements and other reports. |
| Operation Mincemeat | Operation Mincemeat was a successful British deception operation of the Second World War to disguise the 1943 Allied invasion of Sicily. Two members of British intelligence obtained the body of Glyndwr Michael, a tramp who died from eating rat poison, dressed him as an officer of the Royal Marines and placed personal items on him identifying him as the fictitious Captain (Acting Major) William Martin. |
| Special Activities Center | The Special Activities Center (SAC) is a division of the Central Intelligence Agency responsible for covert operations and paramilitary operations. The unit was named Special Activities Division (SAD) prior to 2015. |
| Bitwise operation | In computer programming, a bitwise operation operates on a bit string, a bit array or a binary numeral (considered as a bit string) at the level of its individual bits. It is a fast and simple action, basic to the higher-level arithmetic operations and directly supported by the processor. |
| Price | A prince is a male ruler (ranked below a king, grand prince, and grand duke) or a male member of a monarch's or former monarch's family. Prince is also a title of nobility (often highest), often hereditary, in some European states. |
| Market trend | A market trend is a perceived tendency of financial markets to move in a particular direction over time. These trends are classified as secular for long time frames, primary for medium time frames, and secondary for short time frames. |
| Price discrimination | Price discrimination is a microeconomic pricing strategy where identical or largely similar goods or services are sold at different prices by the same provider in different markets. Price discrimination is distinguished from product differentiation by the more substantial difference in production cost for the differently priced products involved in the latter strategy. |
| Non-price competition | Non-price competition is a marketing strategy "in which one firm tries to distinguish its product or service from competing products on the basis of attributes like design and workmanship". It often occurs in imperfectly competitive markets because it exists between two or more producers that sell goods and services at the same prices but compete to increase their respective market shares through non-price measures such as marketing schemes and greater quality. |
| Stock market | A stock market, equity market, or share market is the aggregation of buyers and sellers of stocks (also called shares), which represent ownership claims on businesses; these may include securities listed on a public stock exchange, as well as stock that is only traded privately, such as shares of private companies which are sold to investors through equity crowdfunding platforms. Investment is usually made with an investment strategy in mind. |
| Treasury stock | A treasury stock or reacquired stock is stock which is bought back by the issuing company, reducing the amount of outstanding stock on the open market ("open market" including insiders' holdings). \nStock repurchases are used as a tax efficient method to put cash into shareholders' hands, rather than paying dividends, in jurisdictions that treat capital gains more favorably. |
| New York Stock Exchange | The New York Stock Exchange (NYSE, nicknamed "The Big Board") is an American stock exchange in the Financial District of Lower Manhattan in New York City. It is by far the world's largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. |
| Gross income | For households and individuals, gross income is the sum of all wages, salaries, profits, interest payments, rents, and other forms of earnings, before any deductions or taxes. It is opposed to net income, defined as the gross income minus taxes and other deductions (e.g., mandatory pension contributions). |
| Loanword | A loanword (also loan word or loan-word) is a word permanently adopted from one language (the donor language) and incorporated into another language without translation. This is in contrast to cognates, which are words in two or more languages that are similar because they share an etymological origin, and calques, which involve translation. |
| Government debt | A country's gross government debt (also called public debt, or sovereign debt) is the financial liabilities of the government sector.: 81 Changes in government debt over time reflect primarily borrowing due to past government deficits. A deficit occurs when a government's expenditures exceed revenues.: 79–82 Government debt may be owed to domestic residents, as well as to foreign residents. |
| Borrowing center | A borrowing center, borrowing shop, borrowing bar, item library or library of things is a library of household items and tools, usually organized as a volunteer cooperative, nonprofit organization, or operated by the local public library.Borrowing centers are part of the sharing economy, which was termed in 1984 by Harvard economist Martin Weitzman. In contrast to a rental store, which offers many of the same items, borrowing centres are operated on a non-profit or collective basis. |
| Cultural appropriation | Cultural appropriation is the inappropriate or unacknowledged adoption of an element or elements of one culture or identity by members of another culture or identity. This can be controversial when members of a dominant culture appropriate from minority cultures.According to critics of the practice, cultural appropriation differs from acculturation, assimilation, or equal cultural exchange in that this appropriation is a form of colonialism. |
| Earnings before interest and taxes | In accounting and finance, earnings before interest and taxes (EBIT) is a measure of a firm's profit that includes all incomes and expenses (operating and non-operating) except interest expenses and income tax expenses (for individuals).Operating income and operating profit are sometimes used as a synonym for EBIT when a firm does not have non-operating income and non-operating expenses.\n\n\n== Formula ==\nEBIT = Net income + Interest + Taxes = EBITDA – Depreciation and Amortization expensesOperating income = Gross income – Operating expenses (OPEX) = EBIT – non-operating profit + non-operating expenses\n\n\n== Overview ==\nA professional investor contemplating a change to the capital structure of a firm (e.g., through a leveraged buyout) first evaluates a firm's fundamental earnings potential (reflected by earnings before interest, taxes, depreciation and amortization (EBITDA) and EBIT), and then determines the optimal use of debt versus equity (equity value). |
| Financial crisis of 2007–2008 | The financial crisis of 2008, or Global Financial Crisis, was a severe worldwide economic crisis that occurred in the early 21st century. It was the most serious financial crisis since the Great Depression (1929). |
| Citibank | Citibank is the consumer division of financial services multinational Citigroup. Citibank was founded in 1812 as the City Bank of New York, and later became First National City Bank of New York. |
| Financial services | Financial services are the economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual asset managers, and some government-sponsored enterprises.\n\n\n== History ==\n\nThe term "financial services" became more prevalent in the United States partly as a result of the Gramm–Leach–Bliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge.Companies usually have two distinct approaches to this new type of business. |
| List of unsolved problems in economics | This is a list of some of the major unsolved problems, puzzles, or questions in economics. Some of these are theoretical in origin and some of them concern the inability of orthodox economic theory to explain an empirical observation. |
| Significant figures | Significant figures (also known as the significant digits, precision or resolution) of a number in positional notation are digits in the number that are reliable and necessary to indicate the quantity of something.\nIf a number expressing the result of a measurement (e.g., length, pressure, volume, or mass) has more digits than the number of digits allowed by the measurement resolution, then only as many digits as allowed by the measurement resolution are reliable, and so only these can be significant figures. |
| Significant other | The term significant other (SO) has different uses in psychology and in colloquial language. Colloquially "significant other" is used as a gender-neutral term for a person's partner in an intimate relationship without disclosing or presuming anything about marital status, relationship status, gender identity, or sexual orientation. |
| Significant Others | The term significant other (SO) has different uses in psychology and in colloquial language. Colloquially "significant other" is used as a gender-neutral term for a person's partner in an intimate relationship without disclosing or presuming anything about marital status, relationship status, gender identity, or sexual orientation. |
| Significant Mother | Significant Mother is an American television sitcom created by Erin Cardillo and Richard Keith. Starring Josh Zuckerman, Nathaniel Buzolic and Krista Allen, it premiered on The CW network on August 3 and ended its run on October 5, 2015. |
| International financial institutions | An international financial institution (IFI) is a financial institution that has been established (or chartered) by more than one country, and hence is subject to international law. Its owners or shareholders are generally national governments, although other international institutions and other organizations occasionally figure as shareholders. |
| Monetary Financial Institutions | Monetary Financial Institutions (MFIs), as in a definition provided by the European Central Bank, are defined as central banks, resident credit institutions as defined in Community Law, and other resident financial institutions whose business is to take deposits or close substitutes for deposits from entities other than MFIs and, for their own account (at least in economic terms), to grant credits and/or make investments in securities. Money market funds are also classified as MFIs. |
| Financial system | A financial system is a system that allows the exchange of funds between financial market participants such as lenders, investors, and borrowers. Financial systems operate at national and global levels. |
| Coprime integers | In mathematics, two integers a and b are coprime, relatively prime or mutually prime if the only positive integer that is a divisor of both of them is 1. Consequently, any prime number that divides a does not divide b, and vice versa. |
| Complemented lattice | In the mathematical discipline of order theory, a complemented lattice is a bounded lattice (with least element 0 and greatest element 1), in which every element a has a complement, i.e. an element b satisfying a ∨ b = 1 and a ∧ b = 0. |
| Algebraically closed field | In mathematics, a field F is algebraically closed if every non-constant polynomial in F[x] (the univariate polynomial ring with coefficients in F) has a root in F.\n\n\n== Examples ==\nAs an example, the field of real numbers is not algebraically closed, because the polynomial equation x2 + 1 = 0 has no solution in real numbers, even though all its coefficients (1 and 0) are real. The same argument proves that no subfield of the real field is algebraically closed; in particular, the field of rational numbers is not algebraically closed. |
| Dividend puzzle | The dividend puzzle is a concept in finance in which companies that pay dividends are rewarded by investors with higher valuations, even though, according to many economists, it should not matter to investors whether a firm pays dividends or not. The reasoning goes that dividends, from the investor’s point of view, should have no effect on the process of valuing equity because the investor already owns the firm and, thus, he/she should be indifferent to either getting the dividends or having them re-invested in the firm. |
| Risk Factors |
|---|
| BANC CORP ITEM 1A RISK FACTORS Our business, and an investment in our securities, involves risks |
| The following summary describes factors we believe are material risks relating to our business and to the ownership of our securities |
| Our discussion of these risks contains forward-looking statements, and our actual results may differ materially from those anticipated by such forward-looking statements |
| In addition, or financial condition and results of operations, and the market price of our common stock, may be substantially affected by other risks, including risks we have not identified or that we may believe are immaterial or unlikely |
| This summary does not purport to describe all risks that might possibly affect our business, financial condition or results of operations or the market price of our common stock |
| Our profitability depends to a large extent on Superior Bankapstas net interest income, which is the difference between income from interest-earning assets, such as loans we make and investment securities we hold, and interest we pay on deposits and our own borrowings |
| Our net interest income is affected not only by actions we take, but by changes in general interest rate levels and by other economic factors beyond our control |
| Our net interest income may be reduced if (i) more interest-earning assets than interest-bearing liabilities reprice or mature at a time when interest rates are declining, or (ii) more interest-bearing liabilities than interest-earning assets reprice or mature at a time when interest rates are rising |
| In addition, we may be affected by changes in the difference between short- and long-term interest rates |
| For example, short-term deposits may be used to support longer-term loans |
| If the difference between short-and long-term interest rates becomes smaller, the spread between the rates we pay on deposits and borrowings and the rates we receive on loans we make could narrow significantly, decreasing our net interest income |
| Further, if market interest rates rise rapidly, interest rate adjustment caps may limit our ability to increase interest rates on adjustable-rate mortgage loans, but we may have to pay higher interest rates on deposits and borrowings |
| This could cause our net interest income to decrease |
| An increase in loan prepayments may adversely affect our profitability |
| The rate at which borrowers prepay loans is dependent on a number of factors outside our control, including changes in market interest rates, conditions in the housing and financial markets and general economic conditions |
| We cannot always accurately predict prepayment rates |
| If the prepayment rates with respect to our loans are greater than we anticipate, there may be a negative impact on our profitability because we may not be able to reinvest prepayment proceeds at rates comparable to those we received on the prepaid loans, particularly in a time of falling interest rates |
| If our allowance for loan losses is inadequate, our profitability will be reduced |
| We are exposed to the risk that our customers will be unable to repay their loans in accordance with their terms and that any collateral securing such loans will be insufficient to ensure full repayment |
| Such credit risk is inherent in the lending business, and our failure to adequately assess such credit risk could have material adverse effect on our financial condition and results of operations |
| We evaluate the collectibility of our loan portfolio and review our evaluation on a regular basis, and we provide an allowance for loan losses that we believe is adequate based on various factors that we believe may affect the credit quality of our loans |
| However, there can be no assurance that actual loan losses will not exceed the allowance that we have established, as such allowance is adjusted from time to time |
| If our allowance for loan losses is inadequate for the actual losses we experience, there could be a material adverse effect on our results of operations |
| In addition, if as a result of our perception of adverse trends, we materially increase or allowance for loan losses in the future, such increase would also reduce our earnings |
| Events in our geographic markets could adversely affect us |
| Our business is concentrated in a limited number of markets in Alabama and Florida |
| Changes in general economic conditions and in the values of real estate in such geographic markets could have an adverse impact on our ability to achieve our loan and deposit growth targets and on our customers &apos ability to repay existing loans |
| In addition, natural disasters, such as hurricanes and tornadoes, in our geographic markets could adversely affect our business |
| We face substantial competition |
| There are numerous competitors in our geographic markets, including national, regional and local banks and thrifts and other financial services businesses, some of which have substantially greater resources, higher brand visibility and a wider geographic presence than we have |
| Some of these competitors may offer a greater range of services, more favorable pricing and greater customer convenience than we are able to |
| In addition, in some of our markets, there are a significant number of new banks and other financial institutions that have opened in the recent past or are expected to open in the near future, and such new competitors may also seek to exploit our markets and customer base |
| If we are unable to maintain and grow our market share in the face of such competition, our results of operations will be adversely affected |
| Our operations are subject to regulation by the Office of Thrift Supervision and the Federal Deposit Insurance Corporation |
| We are also subject to applicable regulations of the Federal Home Loan Bank |
| Regulation by these entities is intended primarily for the protection of our depositors and the deposit insurance fund and not for the benefit of our stockholders |
| We may incur substantial costs in complying with such regulations, and our failure to comply with them may expose us to substantial penalties |
| In addition, we are subject to numerous consumer protection laws and other laws relating to the operation of financial institutions |
| Our failure to comply with such laws could expose us to liability, which could have a material adverse effect on our results of operations |
| We may require additional capital to fund our growth plans |
| Our business strategy includes the expansion of our business through the development of new locations and through the acquisition of other financial institutions and, to the extent permitted by applicable law, complementary businesses as appropriate opportunities arise |
| In order to finance such growth and to maintain required regulatory capital levels, we may require additional capital in the future |
| There can be no assurance that such capital will be available upon favorable terms, or at all |
| We are dependent upon the services of our management team |
| Our operations and strategy are directed by our senior management team, most of whom have joined The Banc Corporation since January 2005 |
| Any loss of the services of members of our management team could have a material adverse effect on our results of operations and our ability to implement our business strategy |
| RISKS RELATED TO AN INVESTMENT IN OUR COMMON STOCK Our stock price may be volatile due to limited trading volume |
| Our common stock is traded on the NASDAQ National Market System |
| However, the average daily trading volume in our common stock is relatively small, typically under 50cmam000 shares per day and sometimes significantly less than that |
| As a result, trades involving a relatively small number of shares may have a significant effect on the market price of our common stock, and it may be difficult for investors to acquire or dispose of large blocks of stock without significantly affecting the market price |
| Our ability to pay dividends is limited |
| Our ability to pay dividends is limited by regulatory requirements and the need to maintain sufficient consolidated capital to meet the capital needs of our business, including capital needs related to future growth |
| Our primary source of income is the payment of dividends from Superior Bank to us |
| Superior Bank, in turn, is likewise subject to regulatory requirements potentially limiting its ability to pay such dividends to us and by the need to maintain sufficient capital for its operations and obligations |
| Further, we are obligated, subject to regulatory limitations, to make periodic distributions on our trust preferred securities, which reduces the income that might otherwise be available to pay dividends on our common stock |
| Thus, there can be no assurance that we will pay dividends to our common stockholders, no assurance as to the amount or timing of any such dividends, and no assurance that such dividends, if and when paid, will be maintained, at the same level or at all, in future periods |
| The market price of our common stock has risen significantly in a relatively short period of time |
| The market price of our common stock, as reported on the NASDAQ National Market System, increased by approximately 32prca between December 31, 2004 and December 31, 2005 |
| We believe that this increase resulted in part from investors &apos perception as to the ability of our new senior management team to execute our business strategy and enhance stockholder value |
| There can be no assurance that the market price of our common stock will remain at or near its current level, which is substantially above historic trading prices prior to 2005 |
| Use of our common stock for future acquisitions or to raise capital may be dilutive to existing stockholders |
| When we determine that appropriate strategic opportunities exist, we may acquire other financial institutions and related businesses, subject to applicable regulatory requirements |
| We may use our common stock for such acquisitions |
| From time to time, we may also seek to raise capital through selling additional common stock |
| It is possible that the issuance of additional common stock in such acquisition or 13 |