Is it time to buyA few basic facts to consider:
5 Year Low: 25.74 (On Oct/26/20 a few days after news of New CEO appointment)
Rania Starts: 26.90 (On Oct/30/20 day 1 with Rania as new CEO)
Q3-2020 Report Sep/4/20 just before Rania Starts: 29.07
Q3-2023 Report Aug/31/23 just before Rania exits. 36.64 (before strategic review ends-no buyer)
Is LB a better bank now after 3 years with Rania as CEO?
Measure ------- Q3-2020 Results ---- Q3-2023 Results ---- Improvement
-----------------------------------------------------------------------------------------------
Net Income:----- 36.2M ------------------ 49.3M -------------------- + 36 %
EPS :---- 0.77 per share -------- 1.03 per share --------- + 34 %
Adj Net Inc :---- 47.1M ------------------- 57.6M -------------------- + 22 %
Adj EPS :---- 1.02 per share -------- 1.22 per share --------- + 20 %
Qtr Dividend:----0.40 per share --------- 0.47 per share --------- + 17 %
Revenue :----- 249M -------------------- 261M -------------------- + 5 %