Last $21.28 USD
Change Today +0.07 / 0.33%
Volume 27.2K
TAYC On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

taylor capital group inc (TAYC) Snapshot

Open
$21.15
Previous Close
$21.21
Day High
$21.38
Day Low
$21.10
52 Week High
12/26/13 - $27.00
52 Week Low
07/18/14 - $19.88
Market Cap
625.0M
Average Volume 10 Days
54.6K
EPS TTM
$1.36
Shares Outstanding
29.4M
EX-Date
06/19/08
P/E TM
15.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for TAYLOR CAPITAL GROUP INC (TAYC)

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taylor capital group inc (TAYC) Details

Taylor Capital Group, Inc. operates as the bank holding company for Cole Taylor Bank that provides a range of banking products and services in the greater Chicago metro area. The company operates in two segments, Banking and Mortgage Banking. Its deposit products include checking, savings, and money market accounts, as well as time deposits, noninterest and interest-bearing demand deposits, certificates of deposits, and various public funds. The company’s loan products comprise working capital loans, business expansion or acquisition loans, owner-occupied commercial real estate financing, and stand-by and commercial letters of credit. It also originates, sells, and services mortgage loans; and originates and syndicates commercial equipment leases. In addition, the company provides treasury cash management services that include repurchase agreements, interest rate swap, Internet balance reporting, remote deposit capture, positive pay, automated clearing house products, imaged lock-box processing, controlled disbursement, and account reconciliation services. Further, it offers asset-based lending services, such as revolving lines of credit supported by receivables and inventory; and term loans supported by equipment and real estate. The company serves various businesses in industries, such as manufacturing, wholesale and retail distribution, transportation, construction contracting, and professional services, as well as commercial clients and community-based customers. It operates through nine banking centers in the Chicago area, as well as through online. The company was founded in 1929 and is headquartered in Rosemont, Illinois.

1,292 Employees
Last Reported Date: 03/7/14
Founded in 1929

taylor capital group inc (TAYC) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $1.4M
Executive Chairman
Total Annual Compensation: $711.9K
Chief Operating Officer, Chief Financial Offi...
Total Annual Compensation: $860.1K
Executive Vice President of Asset-Based Lendi...
Total Annual Compensation: $771.9K
Compensation as of Fiscal Year 2013.

taylor capital group inc (TAYC) Key Developments

Taylor Capital Group, Inc. Announces Dividend on Series A Preferred Stock, Payable on August 15, 2014

Taylor Capital Group Inc. announced the declaration of a quarterly cash dividend of $0.50 per share on its Series A perpetual non-cumulative preferred stock. The dividend is payable on August 15, 2014 to stockholders of record on July 31, 2014.

Taylor Capital Group Inc.(NasdaqGS:TAYC.O) added to S&P Preferred Stock Index

Taylor Capital Group Inc.(NasdaqGS:TAYC.O) added to S&P Preferred Stock Index

Taylor Capital Group Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Net Charge-Offs for the Second Quarter Ended June 30, 2014

Taylor Capital Group Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total interest income of $49.113 million compared to $47.975 million a year ago. Net interest income was $44.074 million compared to $41.082 million a year ago. The increase in net interest income of $220,000 was primarily the result of an increase in mortgage loans held for sale for the quarter due to increased origination volume. The increase in net interest income was the result of the combination of a $1.9 million reduction in interest expense and a $1.1 million increase in interest income. Income before income taxes was $18.441 million compared to $26.212 million a year ago. Net income applicable to common stockholders was $7.412 million or $0.24 per diluted share compared to $11.837 million or $0.39 per diluted share a year ago. Tangible book value per common share was $13.60 compared to $12.22 a year ago. Return on average assets was 0.66% compared to 1.09% a year ago. Return on average common equity was 7.48% compared to 12.66% a year ago. Pre-tax, pre-provision operating earnings were $19.289 million compared to $31.088 million a year ago. Normalized net income was $16.660 million compared to $18.971 million a year ago. The results for the second quarter of 2014 included certain penalties assessed on Cole Taylor Bank by the Federal Reserve Board and the Illinois Department of Financial and Professional Regulation, related to a recently disclosed regulatory matter, the expense associated with recognizing the fair value of a standby commitment related to the same matter, expenses related to the pending merger with MB Financial Inc. and certain costs related to other strategic initiatives. For the six months, the company reported total interest income of $97.955 million compared to $95.649 million a year ago. Net interest income was $87.928 million compared to $81.765 million a year ago. Income before income taxes was $34.230 million compared to $54.559 million a year ago. Net income applicable to common stockholders was $17.356 million or $0.56 per diluted share compared to $25.433 million or $0.83 per diluted share a year ago. Tangible book value per common share was $13.60 compared to $12.22 a year ago. Return on average assets was 0.68% compared to 1.15% a year ago. Return on average common equity was 8.93% compared to 13.73% a year ago. For the second quarter ended June 30, 2014, the company reported total net charge-offs of $2.704 million.

 

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TAYC

Industry Average

Valuation TAYC Industry Range
Price/Earnings 17.5x
Price/Sales 2.0x
Price/Book 1.5x
Price/Cash Flow 12.8x
TEV/Sales NM Not Meaningful
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