Talmer Bancorp, Inc. (TLMR)

Talmer Bancorp, Inc. (TLMR) — VMCI valuation read

Headline read on TLMR: VMCI of 51/100 versus a Financial Services sector median of 50. The 1-point above-median position is what makes Talmer Bancorp, Inc. a relative-value candidate in the mid-cap cohort, before any pillar-level review.

Form 4 filings on TLMR: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.

**Investor frame.** Three reads on TLMR: value (TLMR trades at 23.0x earnings, 28% above the Financial Services median of 18.0x), quality (ROIC of 11.0% sits 1.0pp above the Financial Services median (10.0%)), and risk (net debt to EBITDA of -0.1x leaves covenant headroom). The value read also implies an EV/EBITDA gap of +4.0x against the Financial Services 12.0x baseline.

TLMR rose 1.1% over the trailing 7 days, with a +5.2% read on a 30-day basis.