2020 was a pretty wild ride for all kinds of businesses.
While we’re all glad to see it in the rearview mirror, there are some after-effects regarding valuations that you might want to consider.
Many businesses report “goodwill” on their balance sheets. Goodwill is an intangible asset on a company’s books that reflects the amount of the purchase price paid for a company’s net assets above the fair value of acquired tangible and other intangible assets in a sale transaction. Unlike some other assets, goodwill does not necessarily amortize over time, but it can be worth less than its original value. (More on that in a minute.)
COVID-19 has certainly left no stone unturned when it comes to the damage it (or our reaction to it) has caused over the past several months.
Entire sections of the U.S. economy shut down literally overnight. Millions of Americans were forced out of work. Businesses both large and small have struggled to survive—and some may never return. Uncertainty hangs in the air like a fog that refuses to lift.
Bank stock prices were no exception to the disruption and have been significantly impacted during the first half of 2020.
Whatever your plans were for 2020, it’s a safe bet that COVID-19 changed them. Its physical and economic impact has been felt literally around the world, and it will continue to have a ripple effect on businesses for months and years to come.
Most people intuitively know what a “community bank” is, even if it can be hard to define one financially. They are typically the smaller banks just down the street—locally owned, locally operated, and locally involved.
Community banks are the financial equivalent of the cozy diner that knows your order as soon as you walk in the door…a place where the teller you’ve known for years will greet you by your first name. Your kids may even play on the same little league team (sponsored by that very bank, of course). They are the bank where business is done based on relationships as much as a rule book.
Southard Financial was proud to be a Bonze Sponsor of The ESOP Association Annual Conference in 2021, 2022, and 2023
Southard Financial was proud to be a Platinum Sponsor of the New South Chapter of The ESOP Association in 2020 and 2021
Southard Financial was proud to be a Member Bank Sponsor of the Ole Miss Banking & Finance Symposium in 2017, 2018, 2019, 2022, and 2023
Southard Financial was proud to be a Co-Sponsor of the National Center for Employee Ownership ESOP Nuts & Bolts Event in 2018
Southard Financial was proud to be a Corporate Sponsor of the Mid-South Minority Business Council in 2017 and 2018
Dave Harris attended The ESOP Association Annual Conference in 2018, 2019, 2022, and 2023
Dave Harris attended The ESOP Association Professionals’ Forum in 2019, 2020, 2021 (virtual), and 2024
Dave Harris attended the National Center for Employee Ownership Annual Conference in 2015, 2016, 2018, and 2019
Mark Orndorff and Matthew Jakes attended the National Center for Employee Ownership Annual Conference in 2017
Southard Financial attended the National Center for Employee Ownership Annual Conference in 2020 (virtual) and 2021 (virtual)
Mark Orndorff attended The ESOP Association Professionals’ Forum in 2023
Southard Financial facilitated the sale of Flint Hydraulics to Hydraquip, Inc.
Southard Financial facilitated the sale of Memphis' own Cooper Glass Company
David A. Harris and Mark A. Orndorff spoke at the 2019 Annual Fall Conference of the New South Chapter of The ESOP Association
David A. Harris and Mark A. Orndorff spoke at the 2019 Annual Fall Conference of the New South Chapter of The ESOP Association held in Orlando, Florida on October 16-17. They gave a presentation titled “Can Employees Really Impact Company Value?”
Southard Financial facilitated the sale of Memphis' own TOPS Bar-B-Q chain
David A. Harris and Matthew L. Jakes spoke at the 2019 Spring Workshop of the New South Chapter of The ESOP Association
David A. Harris and Matthew L. Jakes spoke at the 2019 Spring Workshop of the New South Chapter of The ESOP Association held in Atlanta, Georgia in February, 2019 on the topic of “Valuation Appraisal Checklist – 10 Things Your ESOP Appraiser Should be Doing”
David A. Harris spoke at The Fall ESOP Forum of the NCEO
David A. Harris spoke at The Fall ESOP Forum of the NCEO (National Center for Employee Ownership) held in Albuquerque, New Mexico in October, 2018 on the topic, “Communicating Valuation: Tools, Tips, and Examples”.
Southard Financial negotiated the sale of and was the exclusive financial advisor to Southern Systems, Inc.
David A. Harris spoke at the 2018 Annual Fall Conference of the New South Chapter of The ESOP Association
David A. Harris spoke at the 2018 Annual Fall Conference of the New South Chapter of The ESOP Association held in Birmingham, Alabama in September, 2018. He led a workshop called “The People’s Roundtable Interactive Workshop – A series of ‘Build to Last’ activities that focus on developing successful communication and team building programs for employee owners of all generations.” Speakers included Dolores Lawrence, Blue Ridge ESOP Associates; Lindsay Baublitz, SCandH Capital; David Harris, Southard Financial LLC
Mark A. Orndorff spoke at the ESOP Nuts & Bolts Seminar of the NCEO
Mark A. Orndorff spoke at the ESOP Nuts and Bolts Seminar of the NCEO (National Center for Employee Ownership) held in Indianapolis, Indiana in August, 2018 on the topic of “What’s Your Company Worth? – ESOP Valuation.”
Southard Financial helps Transnetyx expand with growth capital
Mark A. Orndorff spoke at the American Booksellers Association Winter Institute
Mark A. Orndorff spoke at the American Booksellers Association Winter Institute 2018 held in Memphis, TN in January, 2018 on the topic of Succession Planning titled “What is Your ‘End Goal’?”
