NasdaqCM:FSBC

Stock Analysis Report

Executive Summary

FSB Bancorp, Inc. operates as the bank holding company for Fairport Savings Bank that provides various financial products and services to its customers in Monroe County, New York.

Snowflake

Fundamentals

Flawless balance sheet and overvalued.


Similar Companies

Share Price & News

How has FSB Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.5%

FSBC

1.2%

US Mortgage

1.3%

US Market


1 Year Return

-2.7%

FSBC

12.2%

US Mortgage

5.9%

US Market

Return vs Industry: FSBC underperformed the US Mortgage industry which returned 12.2% over the past year.

Return vs Market: FSBC underperformed the US Market which returned 5.9% over the past year.


Shareholder returns

FSBCIndustryMarket
7 Day-0.5%1.2%1.3%
30 Day-0.6%-0.6%-1.9%
90 Day-2.1%2.4%-1.8%
1 Year-2.7%-2.7%14.6%12.2%8.3%5.9%
3 Year35.0%35.0%39.9%30.4%45.6%36.2%
5 Year112.0%112.0%68.7%51.1%66.1%47.9%

Price Volatility Vs. Market

How volatile is FSB Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is FSB Bancorp undervalued compared to its fair value and its price relative to the market?

0.99x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate FSBC's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate FSBC's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: FSBC is unprofitable, so we can't compare its PE Ratio to the Mortgage industry average.

PE vs Market: FSBC is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate FSBC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FSBC is good value based on its PB Ratio (1x) compared to the US Mortgage industry average (1.1x).


Next Steps

Future Growth

How is FSB Bancorp forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

38.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FSBC is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: FSBC is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: FSBC is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if FSBC's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if FSBC's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if FSBC's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has FSB Bancorp performed over the past 5 years?

-24.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: FSBC is unprofitable, and losses have increased over the past 5 years at a rate of -24.7% per year.

Accelerating Growth: Unable to compare FSBC's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FSBC is unprofitable, making it difficult to compare its past year earnings growth to the Mortgage industry (31.7%).


Return on Equity

High ROE: FSBC has a negative Return on Equity (-0.14%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: FSBC is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: FSBC is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is FSB 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

Inventory Level: FSBC has a low level of unsold assets or inventory.

Debt Coverage by Assets: FSBC's debt is not covered by short term assets (assets are 0.2x debt).


Financial Institutions Analysis

Asset Level: FSBC's level of assets compared to its equity is moderate.

Allowance for Bad Loans: FSBC has a sufficient allowance for bad loans.

Low Risk Liabilities: FSBC's liabilities are made up of primarily low risk sources of funding.

Loan Level: FSBC has an acceptable proportion of non-loan assets held.

Low Risk Deposits: FSBC's loans are broadly funded by customer deposits.

Level of Bad Loans: FSBC has an appropriate level of bad loans (0.47%)


Next Steps

Dividend

What is FSB Bancorp's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage2.8%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate FSBC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate FSBC's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if FSBC's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FSBC's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FSBC's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of FSB Bancorp's salary, the management and board of directors tenure and is there insider trading?

1.9yrs

Average management tenure


CEO

Kevin Maroney (61yo)

1.8yrs

Tenure

US$314,223

Compensation

Mr. Kevin D. Maroney has been the Chief Executive Officer since January 1, 2018 and President October 2017 of FSB Bancorp, Inc. and Fairport Savings Bank. Mr. Maroney served as Chief Operating Officer and  ...


CEO Compensation Analysis

Compensation vs. Market: Kevin has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.

Compensation vs Earnings: Kevin's compensation has been consistent with company performance over the past year.


Management Age and Tenure

1.9yrs

Average Tenure

57yo

Average Age

Experienced Management: FSBC's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Age and Tenure

4.8yrs

Average Tenure

67yo

Average Age

Experienced Board: FSBC's board of directors are considered experienced (4.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Kevin Maroney (61yo)

    CEO, President & Director

    • Tenure: 1.8yrs
    • Compensation: US$314.22k
  • Dana Gavenda (67yo)

    Chairman of the Board

    • Tenure: 1.8yrs
    • Compensation: US$22.77k
  • Angela Krezmer (33yo)

    Senior VP & CFO

    • Tenure: 1.8yrs
    • Compensation: US$162.14k
  • Jane VanAlstyne

    Senior Vice President of Compliance & Risk Mgmt

    • Tenure: 0yrs
  • Kathleen Dold (64yo)

    Senior VP of Lending & Loan Operations Manager

    • Tenure: 0yrs
    • Compensation: US$113.73k
  • Cheryl Gregory (53yo)

    Senior Vice President of Retail Banking

    • Tenure: 0yrs
  • Mike Giancursio (51yo)

    Executive VP & Chief Lending Officer

    • Tenure: 2yrs
    • Compensation: US$182.09k
  • Kristen Ferguson

    Compliance Officer

    • Tenure: 0yrs
  • Lisa Bork

    Human Resources Manager

    • Tenure: 0yrs
  • Kelly Henion

    Compliance Officer

    • Tenure: 0yrs

Board Members

  • Thomas Weldgen (67yo)

    Independent Director

    • Tenure: 4.8yrs
    • Compensation: US$20.35k
  • Kevin Maroney (61yo)

    CEO, President & Director

    • Tenure: 1.8yrs
    • Compensation: US$314.22k
  • James Smith (72yo)

    Independent Director

    • Tenure: 28.8yrs
    • Compensation: US$22.60k
  • Dana Gavenda (67yo)

    Chairman of the Board

    • Tenure: 1.8yrs
    • Compensation: US$22.77k
  • Alicia Pender (61yo)

    Independent Director

    • Tenure: 0yrs
    • Compensation: US$23.35k
  • Lowell Patric (73yo)

    Lead Independent Director

    • Tenure: 0yrs
    • Compensation: US$21.25k
  • Stephen Meyer (72yo)

    Independent Director

    • Tenure: 4.8yrs
    • Compensation: US$22.75k
  • Dawn DePerrior (60yo)

    Independent Director

    • Tenure: 4.8yrs
    • Compensation: US$21.90k

Company Information

FSB Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: FSB Bancorp, Inc.
  • Ticker: FSBC
  • Exchange: NasdaqCM
  • Founded: 1888
  • Industry: Thrifts and Mortgage Finance
  • Sector: Banks
  • Market Cap: US$32.353m
  • Shares outstanding: 1.91m
  • Website: https://www.fairportsavingsbank.com

Number of Employees


Location

  • FSB Bancorp, Inc.
  • 45 South Main Street
  • Fairport
  • New York
  • 14450
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FSBCNasdaqCM (Nasdaq Capital Market)YesNew Common StockUSUSDAug 2007

Biography

FSB Bancorp, Inc. operates as the bank holding company for Fairport Savings Bank that provides various financial products and services to its customers in Monroe County, New York. It offers various deposit ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/15 00:22
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.