First Choice Bancorp
Market Cap
US$158.4m
Last Updated
2020/09/22 06:07 UTC
Data Sources
Company Financials +
Executive Summary
First Choice Bancorp operates as the bank holding company for First Choice Bank that provides retail, personal, and commercial banking products and services to individuals, families, and small and medium-sized businesses. More Details
Rewards
Risk Analysis
Earnings are forecast to decline by an average of 11.5% per year for the next 3 years
Snowflake Analysis
Flawless balance sheet with proven track record.
Similar Companies
Share Price & News
How has First Choice Bancorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FCBP has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-3.7%
FCBP
-2.5%
US Banks
-1.5%
US Market
1 Year Return
-36.6%
FCBP
-26.7%
US Banks
12.9%
US Market
Return vs Industry: FCBP underperformed the US Banks industry which returned -26.7% over the past year.
Return vs Market: FCBP underperformed the US Market which returned 12.9% over the past year.
Shareholder returns
| FCBP | Industry | Market | |
|---|---|---|---|
| 7 Day | -3.7% | -2.5% | -1.5% |
| 30 Day | -8.8% | 0.7% | -1.8% |
| 90 Day | -6.2% | -2.8% | 6.6% |
| 1 Year | -33.0%-36.6% | -24.1%-26.7% | 15.4%12.9% |
| 3 Year | -35.6%-43.0% | -15.2%-22.2% | 39.6%30.2% |
| 5 Year | 9.6%-5.5% | 23.6%8.4% | 93.4%71.7% |
Price Volatility Vs. Market
How volatile is First Choice Bancorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is First Choice Bancorp's (NASDAQ:FCBP) Shareholder Ownership Skewed Towards Insiders?1 month ago | Simply Wall St
Why First Choice Bancorp (NASDAQ:FCBP) Is A Top Dividend Stock1 month ago | Simply Wall St
A Look At First Choice Bancorp's (NASDAQ:FCBP) CEO RemunerationValuation
Is First Choice Bancorp undervalued compared to its fair value and its price relative to the market?
6.5x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FCBP ($13.54) is trading above our estimate of fair value ($10.94)
Significantly Below Fair Value: FCBP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FCBP is good value based on its PE Ratio (6.5x) compared to the US Banks industry average (9.7x).
PE vs Market: FCBP is good value based on its PE Ratio (6.5x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: FCBP's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: FCBP is good value based on its PB Ratio (0.6x) compared to the US Banks industry average (0.8x).
Next Steps
Future Growth
How is First Choice Bancorp forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
-11.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FCBP's earnings are forecast to decline over the next 3 years (-11.5% per year).
Earnings vs Market: FCBP's earnings are forecast to decline over the next 3 years (-11.5% per year).
High Growth Earnings: FCBP's earnings are forecast to decline over the next 3 years.
Revenue vs Market: FCBP's revenue is expected to decline over the next 3 years (-5.6% per year).
High Growth Revenue: FCBP's revenue is forecast to decline over the next 3 years (-5.6% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if FCBP's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has First Choice Bancorp performed over the past 5 years?
37.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FCBP has high quality earnings.
Growing Profit Margin: FCBP's current net profit margins (30.6%) are higher than last year (29.4%).
Past Earnings Growth Analysis
Earnings Trend: FCBP's earnings have grown significantly by 37% per year over the past 5 years.
Accelerating Growth: FCBP's earnings growth over the past year (4.7%) is below its 5-year average (37% per year).
Earnings vs Industry: FCBP earnings growth over the past year (4.7%) exceeded the Banks industry -3%.
Return on Equity
High ROE: FCBP's Return on Equity (9.1%) is considered low.
Next Steps
Financial Health
How is First Choice Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: FCBP's Assets to Equity ratio (8.3x) is low.
Allowance for Bad Loans: FCBP has a sufficient allowance for bad loans (212%).
Low Risk Liabilities: 82% of FCBP's liabilities are made up of primarily low risk sources of funding.
Loan Level: FCBP has an appropriate level of Loans to Assets ratio (82%).
Low Risk Deposits: FCBP's Loans to Deposits ratio (113%) is appropriate.
Level of Bad Loans: FCBP has an appropriate level of bad loans (0.5%).
Next Steps
Dividend
What is First Choice Bancorp current dividend yield, its reliability and sustainability?
7.39%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FCBP's dividend (7.39%) is higher than the bottom 25% of dividend payers in the US market (1.66%).
High Dividend: FCBP's dividend (7.39%) is in the top 25% of dividend payers in the US market (4.7%)
Stability and Growth of Payments
Stable Dividend: FCBP has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: FCBP's dividend payments have increased, but the company has only paid a dividend for 6 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (45.6%), FCBP's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.9yrs
Average management tenure
CEO
Bob Franko (72 yo)
3yrs
Tenure
US$977,393
Compensation
Mr. Robert M. Franko, also known as Bob, serves as President, Chief Executive Officer and Director of First Choice Bancorp since September 2017 and has served as President and Chief Executive Officer and a ...
CEO Compensation Analysis
Compensation vs Market: Bob's total compensation ($USD977.39K) is about average for companies of similar size in the US market ($USD1.28M).
Compensation vs Earnings: Bob's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CFO, President | 3yrs | US$977.39k | 0.63% $ 993.5k | |
| Executive VP & Chief Operations Administrator | 15.08yrs | US$388.66k | 0.42% $ 669.4k | |
| Independent Vice Chairman of the Board & Corporate Secretary | 3yrs | US$113.75k | 1.14% $ 1.8m | |
| Executive VP & General Counsel | 1.5yrs | US$511.76k | 0.10% $ 162.2k | |
| Chief Credit Officer & Executive VP | 8.83yrs | US$369.52k | 0.16% $ 259.2k | |
| Chief Accounting Officer | 0.83yr | no data | 0.030% $ 47.9k | |
| Chief Banking Officer | 4.58yrs | no data | no data | |
| Executive VP | 2.67yrs | no data | no data | |
| Regional Vice President for Solana Beach Office | 4.58yrs | no data | no data | |
| Regional Vice President of Orange County | 3.92yrs | no data | no data |
3.9yrs
Average Tenure
64yo
Average Age
Experienced Management: FCBP's management team is considered experienced (3.9 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CFO, President | 3yrs | US$977.39k | 0.63% $ 993.5k | |
| Independent Vice Chairman of the Board & Corporate Secretary | 3yrs | US$113.75k | 1.14% $ 1.8m | |
| Independent Director | 2.08yrs | US$44.93k | 0.34% $ 544.6k | |
| Independent Director | 3yrs | US$108.62k | 0.10% $ 161.1k | |
| Independent Director | 3yrs | US$113.18k | 0.35% $ 561.6k | |
| Independent Chairman of the Board | 3yrs | US$103.51k | 6.9% $ 10.9m | |
| Independent Director | 3yrs | US$81.91k | 1.6% $ 2.5m | |
| Independent Director | 0.67yr | no data | 0.017% $ 27.1k |
3.0yrs
Average Tenure
68yo
Average Age
Experienced Board: FCBP's board of directors are considered experienced (3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FCBP insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
First Choice Bancorp's company bio, employee growth, exchange listings and data sources
Key Information
- Name: First Choice Bancorp
- Ticker: FCBP
- Exchange: NasdaqCM
- Founded: 2005
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$158.383m
- Shares outstanding: 11.70m
- Website: https://www.firstchoicebankca.com
Number of Employees
Location
- First Choice Bancorp
- 17785 Center Court Drive North
- Suite 750
- Cerritos
- California
- 90703
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FCBP | NasdaqCM (Nasdaq Capital Market) | Yes | New Common Stock | US | USD | Mar 2014 |
| 45F | DB (Deutsche Boerse AG) | Yes | New Common Stock | DE | EUR | Mar 2014 |
Biography
First Choice Bancorp operates as the bank holding company for First Choice Bank that provides retail, personal, and commercial banking products and services to individuals, families, and small and medium-s ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/09/22 06:07 |
| End of Day Share Price | 2020/09/21 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.