공시 • Jul 08
Cullman Bancorp Announces Voluntary Nasdaq Delisting and SEC Deregistration Cullman Bancorp, Inc. announced that it has notified the NASDAQ Stock Market of the Company's intent to voluntarily delist its common stock from the NASDAQ Capital Market. The Company further intends to withdraw the registration of its common stock with the U.S. Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended. The Company intends to file a Form 25 with the SEC to remove its common stock from listing on the NASDAQ Capital Market and to deregister its stock under Section 12(b) of the Exchange Act on or about July 18, 2024. The Company expects the last trading day of its shares of common stock on the NASDAQ Capital Market will be on or about July 18, 2024. The Company intends to file a Form 15 with the SEC on or about July 29, 2024 to terminate the registration of its common stock under section 12(g) of the Exchange Act. The obligation of the Company to file periodic reports with the SEC, including reports on Forms 10-K, 10-Q and 8-K, will be suspended immediately upon filing of the Form 15. Once the Form 15 is effective, which is expected to occur within 90 days of filing, the Company will no longer be a public reporting company and its obligations to file proxy materials and other reports with the SEC will also be suspended. The Company has applied to have its shares quoted on the OTCQX Market following NASDAQ delisting. As a savings and loan holding company, the Company is eligible to deregister with the SEC because it has fewer than 1,200 shareholders of record. The decision of the Company's board of directors to delist and deregister its common stock was based on numerous factors, including the significant cost savings of no longer filing periodic reports with the SEC, as well as reductions in accounting fees, legal fees and other costs. Reported Earnings • May 16
First quarter 2024 earnings released: EPS: US$0.11 (vs US$0.15 in 1Q 2023) First quarter 2024 results: EPS: US$0.11 (down from US$0.15 in 1Q 2023). Revenue: US$3.95m (down 5.8% from 1Q 2023). Net income: US$714.0k (down 29% from 1Q 2023). Profit margin: 18% (down from 24% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Mar 24
Full year 2023 earnings released: EPS: US$0.56 (vs US$0.59 in FY 2022) Full year 2023 results: EPS: US$0.56 (down from US$0.59 in FY 2022). Revenue: US$16.6m (up 1.7% from FY 2022). Net income: US$3.95m (down 4.3% from FY 2022). Profit margin: 24% (down from 25% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. 공시 • Jan 19
Cullman Bancorp, Inc. Declares the Payment of an Annual Cash Dividend on February 21, 2024 Cullman Bancorp, Inc. declared the payment of an annual cash dividend. The dividend of $0.12 per share will be paid on February 21, 2024 to stockholders of record as of February 1, 2024. Recent Insider Transactions • Nov 19
Chairman recently bought US$72k worth of stock On the 16th of November, John Riley bought around 7k shares on-market at roughly US$10.27 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was John's only on-market trade for the last 12 months. Reported Earnings • Nov 17
Third quarter 2023 earnings released: EPS: US$0.15 (vs US$0.13 in 3Q 2022) Third quarter 2023 results: EPS: US$0.15 (up from US$0.13 in 3Q 2022). Revenue: US$4.26m (flat on 3Q 2022). Net income: US$1.08m (up 17% from 3Q 2022). Profit margin: 25% (up from 22% in 3Q 2022). Reported Earnings • Aug 14
Second quarter 2023 earnings released: EPS: US$0.15 (vs US$0.19 in 2Q 2022) Second quarter 2023 results: EPS: US$0.15 (down from US$0.19 in 2Q 2022). Revenue: US$4.28m (up 2.1% from 2Q 2022). Net income: US$1.03m (down 21% from 2Q 2022). Profit margin: 24% (down from 31% in 2Q 2022). The decrease in margin was driven by higher expenses. Reported Earnings • May 13
First quarter 2023 earnings released: EPS: US$0.15 (vs US$0.15 in 1Q 2022) First quarter 2023 results: EPS: US$0.15 (up from US$0.15 in 1Q 2022). Revenue: US$4.26m (up 18% from 1Q 2022). Net income: US$1.02m (flat on 1Q 2022). Profit margin: 24% (down from 28% in 1Q 2022). The decrease in margin was driven by higher expenses. Reported Earnings • Mar 29
Full year 2022 earnings released: EPS: US$0.59 (vs US$0.25 in FY 2021) Full year 2022 results: EPS: US$0.59 (up from US$0.25 in FY 2021). Revenue: US$16.3m (up 26% from FY 2021). Net income: US$4.13m (up 138% from FY 2021). Profit margin: 25% (up from 13% in FY 2021). The increase in margin was driven by higher revenue. Net interest margin (NIM): 4.19% (up from 3.46% in FY 2021). Cost-to-income ratio: 67.8% (down from 84.0% in FY 2021). Non-performing loans: 0.10% (up from 0.04% in FY 2021). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Upcoming Dividend • Jan 24
Upcoming dividend of US$0.12 per share at 1.0% yield Eligible shareholders must have bought the stock before 31 January 2023. Payment date: 22 February 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (6.2%). 공시 • Jan 19
Cullman Bancorp, Inc. Declares Payment of an Annual Cash Dividend, Payable on February 22, 2023 Cullman Bancorp, Inc. announced that the Company has declared the payment of an annual cash dividend. The dividend of $0.12 per share will be paid on February 22, 2023 to stockholders of record as of February 1, 2023. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Director Lynne Morton was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 12
Second quarter 2022 earnings released: EPS: US$0.19 (vs US$0.13 in 2Q 2021) Second quarter 2022 results: EPS: US$0.19 (up from US$0.13 in 2Q 2021). Revenue: US$4.19m (up 29% from 2Q 2021). Net income: US$1.31m (up 55% from 2Q 2021). Profit margin: 31% (up from 26% in 2Q 2021). Recent Insider Transactions • Jun 02
Chairman recently bought US$89k worth of stock On the 27th of May, John Riley bought around 8k shares on-market at roughly US$11.10 per share. This was the largest purchase by an insider in the last 3 months. John has been a buyer over the last 12 months, purchasing a net total of US$157k worth in shares. Reported Earnings • May 14
First quarter 2022 earnings released: EPS: US$0.15 (vs US$0.12 in 1Q 2021) First quarter 2022 results: EPS: US$0.15 (up from US$0.12 in 1Q 2021). Revenue: US$3.71m (up 17% from 1Q 2021). Net income: US$1.01m (up 29% from 1Q 2021). Profit margin: 27% (up from 25% in 1Q 2021). Board Change • Apr 27
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Director Lynne Morton was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. 공시 • Apr 22
Cullman Bancorp, Inc., Annual General Meeting, May 17, 2022 Cullman Bancorp, Inc., Annual General Meeting, May 17, 2022, at 17:00 Central Daylight. Location: Cullman Savings Bank, located at 316 Second Avenue S.W., Cullman Alabama United States Agenda: To consider the election of three directors to the Board of Directors; to consider the ratification of the appointment of Crowe LLP to serve as the independent registered public accounting firm for the Company for the year ending December 31, 2022; and to discuss other matters. Upcoming Dividend • Jan 25
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 31 January 2022. Payment date: 16 February 2022. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of American dividend payers (3.6%). Lower than average of industry peers (3.7%). Board Change • Jan 07
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Lynne Morton was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS US$0.13 (vs US$0.14 in 2Q 2020) The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: US$3.25m (up 4.9% from 2Q 2020). Net income: US$847.0k (down 11% from 2Q 2020). Profit margin: 26% (down from 31% in 2Q 2020). The decrease in margin was driven by higher expenses.