Loading...

You're on the old version of Simply Wall St. We will no longer be supporting this site, so we recommend you switch to our brand new platform.

Thunder Bridge Acquisition II

Nasdaq:THBR
Snowflake Description

Mediocre balance sheet with poor track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
THBR
Nasdaq
$89M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Thunder Bridge Acquisition II, Ltd. does not have significant operations. The last earnings update was 19 days ago. More info.


Add to Portfolio Compare Print
THBR Share Price and Events
7 Day Returns
4.9%
NasdaqCM:THBR
12.4%
US Capital Markets
9.9%
US Market
1 Year Returns
-
NasdaqCM:THBR
-11.3%
US Capital Markets
-11.9%
US Market
THBR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Thunder Bridge Acquisition II (THBR) 4.9% - -1% - - -
US Capital Markets 12.4% -17.6% -23.7% -11.3% 0.1% 20.2%
US Market 9.9% -15% -21.5% -11.9% 5.1% 18.1%
1 Year Return vs Industry and Market
  • No trading data on THBR.
  • No trading data on THBR.

THBR Value

 Is Thunder Bridge Acquisition II undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Thunder Bridge Acquisition II to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Thunder Bridge Acquisition II.

NasdaqCM:THBR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $0.55 * 45.4%
$0.25
Book Value of Equity per Share Median Book Value from the past 5 years. $0.55
Discount Rate (Cost of Equity) See below 6.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 1.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqCM:THBR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 1.7%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.752 (1 + (1- 21%) (0%))
0.834
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.74% + (0.834 * 5.44%)
6.28%

Discounted Cash Flow Calculation for NasdaqCM:THBR using Excess Returns Model Model

The calculations below outline how an intrinsic value for Thunder Bridge Acquisition II is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqCM:THBR Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (45.4% – 6.28%) * $0.55)
$0.21
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.21 / (6.28% - 1.74%)
$4.74
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $0.55 + $4.74
$5.29
NasdaqCM:THBR Discount to Share Price
Calculation Result
Value per share (USD) From above. $5.29
Current discount Discount to share price of $9.81
= -1 x ($9.81 - $5.29) / $5.29
-85.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Thunder Bridge Acquisition II is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Thunder Bridge Acquisition II's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Thunder Bridge Acquisition II's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqCM:THBR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $-0.03
NasdaqCM:THBR Share Price ** NasdaqCM (2020-03-27) in USD $9.81
United States of America Capital Markets Industry PE Ratio Median Figure of 92 Publicly-Listed Capital Markets Companies 33.16x
United States of America Market PE Ratio Median Figure of 2,945 Publicly-Listed Companies 12.96x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Thunder Bridge Acquisition II.

NasdaqCM:THBR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqCM:THBR Share Price ÷ EPS (both in USD)

= 9.81 ÷ -0.03

-310.88x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Thunder Bridge Acquisition II is loss making, we can't compare its value to the US Capital Markets industry average.
  • Thunder Bridge Acquisition II is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Thunder Bridge Acquisition II's expected growth come at a high price?
Raw Data
NasdaqCM:THBR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -310.88x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 36 Publicly-Listed Capital Markets Companies 1.94x
United States of America Market PEG Ratio Median Figure of 2,007 Publicly-Listed Companies 0.99x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Thunder Bridge Acquisition II, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Thunder Bridge Acquisition II's assets?
Raw Data
NasdaqCM:THBR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $0.55
NasdaqCM:THBR Share Price * NasdaqCM (2020-03-27) in USD $9.81
United States of America Capital Markets Industry PB Ratio Median Figure of 170 Publicly-Listed Capital Markets Companies 7.11x
United States of America Market PB Ratio Median Figure of 5,156 Publicly-Listed Companies 1.26x
NasdaqCM:THBR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqCM:THBR Share Price ÷ Book Value per Share (both in USD)

= 9.81 ÷ 0.55

17.86x

* Primary Listing of Thunder Bridge Acquisition II.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Thunder Bridge Acquisition II is overvalued based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Thunder Bridge Acquisition II's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Thunder Bridge Acquisition II has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

THBR Future Performance

 How is Thunder Bridge Acquisition II expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Thunder Bridge Acquisition II has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
5.9%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Thunder Bridge Acquisition II expected to grow at an attractive rate?
  • Unable to compare Thunder Bridge Acquisition II's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Thunder Bridge Acquisition II's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Thunder Bridge Acquisition II's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NasdaqCM:THBR Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 5.9%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 2.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 12.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqCM:THBR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqCM:THBR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 -1 0

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Thunder Bridge Acquisition II is high growth as no earnings estimate data is available.
  • Unable to determine if Thunder Bridge Acquisition II is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqCM:THBR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Thunder Bridge Acquisition II Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:THBR Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 -0.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Thunder Bridge Acquisition II will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Thunder Bridge Acquisition II's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Diversified Financials companies here
  2. Thunder Bridge Acquisition II's competitive advantages and company strategy can generally be found in its financial reports archived here.
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Thunder Bridge Acquisition II's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Thunder Bridge Acquisition II has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

THBR Past Performance

  How has Thunder Bridge Acquisition II performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Thunder Bridge Acquisition II's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Thunder Bridge Acquisition II does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Thunder Bridge Acquisition II's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Thunder Bridge Acquisition II's 1-year growth to the US Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Thunder Bridge Acquisition II's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Thunder Bridge Acquisition II Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqCM:THBR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 -0.29

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Thunder Bridge Acquisition II made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • It is difficult to establish if Thunder Bridge Acquisition II has efficiently used its assets last year compared to the US Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Thunder Bridge Acquisition II improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Thunder Bridge Acquisition II's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Thunder Bridge Acquisition II has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

THBR Health

 How is Thunder Bridge Acquisition II's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Thunder Bridge Acquisition II's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Thunder Bridge Acquisition II is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Thunder Bridge Acquisition II's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Thunder Bridge Acquisition II's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Thunder Bridge Acquisition II has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Thunder Bridge Acquisition II Company Filings, last reported 2 months ago.

NasdaqCM:THBR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 5.00 0.00 0.50
  • Thunder Bridge Acquisition II has no debt.
  • Thunder Bridge Acquisition II has not taken on any debt in the past 5 years.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Thunder Bridge Acquisition II has less than a year of cash runway based on current free cash flow.
  • Unable to confirm if Thunder Bridge Acquisition II has at least 1 year of cash runway based on growing free cash flows without relevant data.
X
Financial health checks
We assess Thunder Bridge Acquisition II's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Thunder Bridge Acquisition II has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

THBR Dividends

 What is Thunder Bridge Acquisition II's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Thunder Bridge Acquisition II dividends.
If you bought $2,000 of Thunder Bridge Acquisition II shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Thunder Bridge Acquisition II's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Thunder Bridge Acquisition II's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqCM:THBR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 44 Stocks 2.6%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1946 Stocks 3%
United States of America Minimum Threshold Dividend Yield 10th Percentile 1.1%
United States of America Bottom 25% Dividend Yield 25th Percentile 2%
United States of America Top 25% Dividend Yield 75th Percentile 5.5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Thunder Bridge Acquisition II has not reported any payouts.
  • Unable to verify if Thunder Bridge Acquisition II's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Thunder Bridge Acquisition II's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Thunder Bridge Acquisition II has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Thunder Bridge Acquisition II's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Thunder Bridge Acquisition II afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Thunder Bridge Acquisition II has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

THBR Management

 What is the CEO of Thunder Bridge Acquisition II's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Gary Simanson
AGE 58
TENURE AS CEO 1 years
CEO Bio

Mr. Gary A. Simanson is founder of Thunder Bridge Capital, LLC and has served as its Chief Executive Officer since 2017. In addition to serving in that capacity, Mr. Simanson serves as head of its Investment Committee, Credit Committee, Enterprise Risk Committee, Loan Review and other executive committees and is responsible for sourcing and establishing strategic loan asset purchase relationships and equity opportunities within the financial services and FinTech industries. Mr. Simanson was President, Chief Executive Officer and Director of Thunder Bridge Acquisition II Ltd since February 13, 2019 until July 10, 2019. From 2015 through June 2017, Mr. Simanson founded and managed Endeavor Capital Management, L.L.C., Endeavor Capital Advisors, L.L.C., Endeavor Capital Fund, LP, and Endeavor Equity Fund, LP (collectively, “Endeavor”), targeting debt and equity investments in the marketplace lending industry. Prior to founding Endeavor, Mr. Simanson served as an advisor and then as a Director, President and Chief Executive Officer of First Avenue National Bank from 2013 to 2015, restructuring its balance sheet, lending practices, underwriting procedures, special credits, ALCO, corporate governance, enterprise risk, IT, retail delivery, and achieving strong regulatory results. He has been Managing Director of First Capital Group, L.L.C., an investment banking advisory firm specializing in the financial industry and bank mergers and acquisitions, strategic planning, capital raising and enterprise risk management from 1997 to the present. In such capacity, Mr. Simanson has both initiated and advised on bank mergers and acquisitions, capital raising transactions, enterprise risks and strategic initiatives around the country and has spoken nationally and internationally on enterprise risk, bank mergers and acquisitions, and also on the emerging marketplace lending and global FinTech industry, including the uses of blockchain for international asset selection and verification and income stream allocation and treasury management. Mr. Simanson served as Director of First Guaranty Bancshares, Inc. and its wholly-owned subsidiary First Guaranty Bank from May 19, 2011 to August 18, 2011; and as a Senior Advisor to the Chairman of Alpine Capital Bank and its related companies, operating in the commercial banking, investment advisory, merchant banking and portfolio investment areas. He was Founder, Vice Chairman and Chief Strategic Officer of Community Bankers Trust Corporation, a $1.2 billion in assets bank holding company for Essex Bank (NASDAQ NMS “ESXB”) and previously served as its President, Chief Executive and Chief Financial Officer, and as a Director since its inception in 2005 to 2011, overseeing its public offering in 2006 as a special purpose acquisition company, Community Bankers Acquisition Corp, its bank acquisitions and shareholder reformulation in 2008, and its failed bank acquisitions from the FDIC in 2008 and 2009. In addition to serving as managing director of First Capital Group, Mr. Simanson also served as Senior Vice President concentrating in bank mergers and acquisitions and capital markets with FTN Financial Capital Markets, a wholly owned investment banking and financial services subsidiary of First Horizon National Corporation (NYSE: FHS) from 1998 to 1999. From 1992 to 1995, Mr. Simanson was Associate General Counsel at Union Planters Corporation, then a NYSE-traded bank holding company (presently Regions Financial Corporation (NYSE: RF)), where his duties included the negotiation and preparation of all bank merger and acquisition transaction documents, transaction due diligence, member of integration committee, preparation of all regulatory filings, registration statements and other securities filings and other bank regulatory matters. From 1989 to 1992, he was a practicing attorney, beginning his career with Milbank, Tweed, Hadley & McCloy, LLP, specializing in the securities, bank regulatory and bank merger and acquisition areas. Mr. Simanson is Licensed to practice Law in the States of New York, Tennessee and Colorado. Mr. Simanson received a Bachelor's of Arts degree, majoring in Economics from George Washington University in 1981. He earned Master's of Business Administration, majoring in Finance from George Washington University in 1984 and a Juris Doctorate from Vanderbilt University in 1989.

CEO Compensation
  • Insufficient data for Gary to compare compensation growth.
  • Insufficient data for Gary to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Thunder Bridge Acquisition II management team in years:

0.6
Average Tenure
58
Average Age
  • The average tenure for the Thunder Bridge Acquisition II management team is less than 2 years, this suggests a new team.
Management Team

Gary Simanson

TITLE
President
AGE
58
TENURE
1 yrs

Bill Houlihan

TITLE
Chief Financial Officer
AGE
64
TENURE
0.6 yrs

John Wu

TITLE
Chief Investment Officer
AGE
48
TENURE
0.6 yrs
Board of Directors Tenure

Average tenure and age of the Thunder Bridge Acquisition II board of directors in years:

0.6
Average Tenure
59.5
Average Age
  • The average tenure for the Thunder Bridge Acquisition II board of directors is less than 3 years, this suggests a new board.
Board of Directors

Gary Simanson

TITLE
President
AGE
58
TENURE
1 yrs

David Mangum

TITLE
Independent Director
AGE
53
TENURE
0.6 yrs

Bob Hartheimer

TITLE
Independent Director
AGE
61
TENURE
0.6 yrs

Stewart Paperin

TITLE
Independent Director
AGE
71
TENURE
0.6 yrs

Mary Gillespie

TITLE
Independent Director
AGE
66
TENURE
0.6 yrs

Allerd Stikker

TITLE
Independent Director
AGE
57
TENURE
0.6 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Thunder Bridge Acquisition II's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Thunder Bridge Acquisition II has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

THBR News

Simply Wall St News

THBR Company Info

Description

Thunder Bridge Acquisition II, Ltd. does not have significant operations. It intends to seek a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Thunder Bridge Acquisition II, Ltd. was founded in 2019 and is based in Great Falls, Virginia.

Details
Name: Thunder Bridge Acquisition II, Ltd.
THBR
Exchange: NasdaqCM
Founded: 2019
$89,300,263
9,102,983
Website: http://
Address: Thunder Bridge Acquisition II, Ltd.
9912 Georgetown Pike,
Suite D203,
Great Falls,
Virginia, 22066,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqCM THBR Class A Ordinary Shares Nasdaq Capital Market US USD 04. Oct 2019
NasdaqCM THBR.U Units Nasdaq Capital Market US USD 06. Aug 2019
Number of employees
Current staff
Staff numbers
0
Thunder Bridge Acquisition II employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/29 05:30
End of day share price update: 2020/03/27 00:00
Last earnings filing: 2020/03/10
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.