Talmer Bancorp

Talmer. It's a different kind of name for a bank, isn't it? Well, we're a very different kind of bank. Our name combines the last name of the grandfather of David T. Provost, Chairman and CEO of Talmer Bank and Trust (Talmage) with the last name of the grandfather of Gary Torgow, Chairman of Talmer Bancorp, Inc. (Merzon). Their grandfathers were two remarkable humanitarians who never met, but shared a common purpose - to help others and to enrich the lives of their communities. How do the lives of men who lived decades ago affect Talmer customers today? By continuing their commitment to serve and support the local communities where we live and work. At Talmer Bank and Trust being a community bank isn’t just our business, it’s our mission. We understand the important role a community bank plays in the growth and vitality of the area it serves and that is why we take great pride in being invested financially and emotionally in the communities we call home. Through our acquisitions over the years, we have given great companies and their employees a second chance and helped reignite their communities. Over the past several years, together we have been able to retain hundreds of local jobs, restore customer confidence, and continue to give back and support local initiatives. Together we are moving forward in a position of strength to not only provide financial solutions to our neighbors and local businesses but to deliver on our commitment of community, integrity and service. Yes there are other banks that promise such things. But we have something more at stake that inspires us to actually deliver - our family heritage.
Type
Public
HQ
Troy, US
Founded
2007
Size (employees)
1,199 (est)
Talmer Bancorp was founded in 2007 and is headquartered in Troy, US

Key People at Talmer Bancorp

Gary H. Torgow

Gary H. Torgow

Chairman
David T. Provost

David T. Provost

Chairman

Talmer Bancorp Office Locations

Talmer Bancorp has offices in Troy, Warren, Sterling, Cleveland and in 8 other locations
Troy, US (HQ)
525 2301 W Big Beaver Rd

Talmer Bancorp Data and Metrics

Talmer Bancorp Financial Metrics

Talmer Bancorp's revenue was reported to be $321.3 m in FY, 2015 which is a 48% increase from the previous period.
Numbers are in $, USD

Revenue (FY, 2015)

321.3 m

Revenue growth (FY, 2014 - FY, 2015), %

48%

Gross profit (FY, 2015)

301.1 m

Gross profit margin (FY, 2015), %

94%

Net income (FY, 2015)

60.1 m

EBIT (FY, 2015)

223.9 m

Market capitalization (31-Aug-2016)

1.6 b

Closing share price (31-Aug-2016)

23.3

Cash (31-Dec-2015)

387.3 m

EV

2 b
Talmer Bancorp's current market capitalization is $1.6 b.
FY, 2014FY, 2015

Revenue

217 m321.3 m

Revenue growth, %

48%

Cost of goods sold

20.2 m

Gross profit

301.1 m

Gross profit Margin, %

94%

Operating expense total

226.3 m

EBIT

98.6 m223.9 m

EBIT margin, %

45%70%

Pre tax profit

84 m

Income tax expense

23.9 m

Net Income

90.9 m60.1 m
FY, 2014FY, 2015

Cash

253.7 m387.3 m

PP&E

46.9 m43.6 m

Goodwill

3.5 m

Total Assets

5.9 b6.6 b

Total Debt

489.7 m813.1 m

Common Stock

70.5 m66.1 m

Additional Paid-in Capital

405.4 m316.6 m

Retained Earnings

281.8 m339.1 m

Total Equity

761.6 m725.2 m

Debt to Equity Ratio

0.6 x1.1 x

Debt to Assets Ratio

0.1 x0.1 x

Financial Leverage

7.7 x9.1 x
FY, 2014FY, 2015

Net Income

90.9 m60.1 m

Depreciation and Amortization

6.5 m7.3 m

Accounts Payable

24 m

Cash From Operating Activities

(121.6 m)133.6 m

Purchases of PP&E

(159.6 m)(73.4 m)

Cash From Financing Activities

753.2 m

Interest Paid

12.2 m18.1 m

Income Taxes Paid

5.8 m16.7 m
Y, 2015

EV/EBIT

8.9 x

EV/CFO

14.9 x

Debt/Equity

1.1 x

Debt/Assets

0.1 x

Financial Leverage

9.1 x

Talmer Bancorp Company Life and Culture

You may also be interested in