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Fidelity Southern

Nasdaq:LION
Snowflake Description

Excellent balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LION
Nasdaq
$857M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

Fidelity Southern Corporation operates as the bank holding company for Fidelity Bank that provides financial products and services primarily to individuals and small to medium-sized businesses in the United States. The last earnings update was 59 days ago. More info.


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LION Share Price and Events
7 Day Returns
3.2%
NasdaqGS:LION
2.6%
US Banks
0.1%
US Market
1 Year Returns
20.8%
NasdaqGS:LION
-3.8%
US Banks
5.3%
US Market
LION Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Fidelity Southern (LION) 3.2% 10.6% 10.9% 20.8% 102.6% 133.9%
US Banks 2.6% 6.9% 3% -3.8% 51.6% 42.8%
US Market 0.1% 6.7% 1.8% 5.3% 38.6% 39.5%
1 Year Return vs Industry and Market
  • LION outperformed the Banks industry which returned -3.8% over the past year.
  • LION outperformed the Market in United States of America which returned 5.3% over the past year.
Price Volatility
LION
Industry
5yr Volatility vs Market

LION Value

 Is Fidelity Southern 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 Fidelity Southern 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 Fidelity Southern.

NasdaqGS:LION 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
= $17.89 * 10.6%
$1.89
Book Value of Equity per Share Weighted future Book Value estimates from 2 analysts. $17.89
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

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 NasdaqGS:LION
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.597 (1 + (1- 21%) (35.41%))
0.842
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.842 * 5.96%)
7.75%

Discounted Cash Flow Calculation for NasdaqGS:LION using Excess Returns Model Model

The calculations below outline how an intrinsic value for Fidelity Southern 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.

NasdaqGS:LION Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.6% – 7.75%) * $17.89)
$0.51
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.51 / (7.75% - 2.73%)
$10.07
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $17.89 + $10.07
$27.96
NasdaqGS:LION Discount to Share Price
Calculation Result
Value per share (USD) From above. $27.96
Current discount Discount to share price of $31.16
= -1 x ($31.16 - $27.96) / $27.96
-11.5%

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

  • The current share price of Fidelity Southern 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 Fidelity Southern's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Fidelity Southern's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:LION PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.40
NasdaqGS:LION Share Price ** NasdaqGS (2019-06-28) in USD $31.16
United States of America Banks Industry PE Ratio Median Figure of 596 Publicly-Listed Banks Companies 12.89x
United States of America Market PE Ratio Median Figure of 3,086 Publicly-Listed Companies 18.14x

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

** Primary Listing of Fidelity Southern.

NasdaqGS:LION PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:LION Share Price ÷ EPS (both in USD)

= 31.16 ÷ 1.40

22.27x

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

  • Fidelity Southern is overvalued based on earnings compared to the US Banks industry average.
  • Fidelity Southern is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Fidelity Southern's expected growth come at a high price?
Raw Data
NasdaqGS:LION PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.27x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
18.6%per year
United States of America Banks Industry PEG Ratio Median Figure of 271 Publicly-Listed Banks Companies 1.33x
United States of America Market PEG Ratio Median Figure of 2,129 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

NasdaqGS:LION PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.27x ÷ 18.6%

1.2x

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

  • Fidelity Southern is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Fidelity Southern's assets?
Raw Data
NasdaqGS:LION PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $16.61
NasdaqGS:LION Share Price * NasdaqGS (2019-06-28) in USD $31.16
United States of America Banks Industry PB Ratio Median Figure of 599 Publicly-Listed Banks Companies 1.21x
United States of America Market PB Ratio Median Figure of 5,247 Publicly-Listed Companies 1.81x
NasdaqGS:LION PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:LION Share Price ÷ Book Value per Share (both in USD)

= 31.16 ÷ 16.61

1.88x

* Primary Listing of Fidelity Southern.

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

  • Fidelity Southern is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess Fidelity Southern'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 Banks 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 Banks industry average (and greater than 0)? (1 check)
  5. Fidelity Southern 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.

LION Future Performance

 How is Fidelity Southern expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

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
18.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Fidelity Southern expected to grow at an attractive rate?
  • Fidelity Southern's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Fidelity Southern's earnings growth is expected to exceed the United States of America market average.
  • Fidelity Southern's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:LION Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:LION Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 18.6%
NasdaqGS:LION Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 5.6%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 3.7%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.1%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*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
NasdaqGS:LION Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:LION Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 301 53 1
2019-12-31 285 44 1
NasdaqGS:LION Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 273 207 38
2018-12-31 272 166 44
2018-09-30 271 9 46
2018-06-30 267 -12 42
2018-03-31 266 -26 41
2017-12-31 267 155 40
2017-09-30 265 156 42
2017-06-30 270 114 47
2017-03-31 269 92 45
2016-12-31 262 -30 39
2016-09-30 250 -62 30
2016-06-30 235 58 27

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Fidelity Southern's earnings are expected to grow by 18.6% yearly, however this is not considered high growth (20% yearly).
  • Fidelity Southern's revenue is expected to grow by 5.6% yearly, however this is not considered high growth (20% yearly).
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
NasdaqGS:LION Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Fidelity Southern Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:LION Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 1.85 1.87 1.83 2.00
2019-12-31 1.56 1.56 1.56 1.00
NasdaqGS:LION Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.40
2018-12-31 1.61
2018-09-30 1.71
2018-06-30 1.54
2018-03-31 1.53
2017-12-31 1.50
2017-09-30 1.60
2017-06-30 1.79
2017-03-31 1.72
2016-12-31 1.52
2016-09-30 1.23
2016-06-30 1.14

*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 Fidelity Southern will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Fidelity Southern'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.
Fidelity Southern has a total score of 2/6, 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.

LION Past Performance

  How has Fidelity Southern 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 Fidelity Southern's growth in the last year to its industry (Banks).
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.
  • Fidelity Southern's year on year earnings growth rate has been positive over the past 5 years.
  • Fidelity Southern's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Fidelity Southern's 1-year earnings growth is negative, it can't be compared to the US Banks industry average.
Earnings and Revenue History
Fidelity Southern'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 Fidelity Southern Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:LION Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 273.17 38.17 152.74
2018-12-31 272.28 43.82 152.76
2018-09-30 270.90 46.34 149.60
2018-06-30 267.03 41.53 147.34
2018-03-31 266.29 41.04 145.56
2017-12-31 266.73 39.80 141.93
2017-09-30 264.91 42.42 141.15
2017-06-30 270.22 47.00 139.60
2017-03-31 268.62 44.75 134.18
2016-12-31 261.56 38.77 131.99
2016-09-30 250.44 30.48 124.02
2016-06-30 235.31 27.18 113.28
2016-03-31 226.21 32.99 107.32
2015-12-31 224.38 39.14 106.88
2015-09-30 220.65 39.57 95.48
2015-06-30 213.34 39.16 93.78
2015-03-31 203.23 34.66 89.88
2014-12-31 185.23 30.04 86.23
2014-09-30 181.37 26.68 81.25
2014-06-30 178.42 24.92 77.82
2014-03-31 175.15 25.57 74.87
2013-12-31 175.04 25.18 72.70
2013-09-30 174.71 25.93 62.16
2013-06-30 171.03 26.24 61.98
2013-03-31 160.23 23.21 57.15
2012-12-31 150.94 22.03 60.72
2012-09-30 137.57 20.43 68.95

*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.
  • Fidelity Southern has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Fidelity Southern used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if Fidelity Southern improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Fidelity Southern'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 Banks 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.
Fidelity Southern 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.

LION Health

 How is Fidelity Southern's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Fidelity Southern'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.
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 Fidelity Southern Company Filings, last reported 3 months ago.

NasdaqGS:LION Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 459.01 286.22 210.31
2018-12-31 446.24 263.96 217.70
2018-09-30 432.10 284.43 189.29
2018-06-30 420.96 360.68 164.71
2018-03-31 410.74 460.06 208.08
2017-12-31 401.63 271.86 190.47
2017-09-30 388.07 135.62 317.42
2017-06-30 379.40 285.98 437.73
2017-03-31 371.30 362.30 358.53
2016-12-31 362.65 364.87 156.82
2016-09-30 347.77 475.12 152.07
2016-06-30 335.87 341.26 157.48
2016-03-31 329.78 312.13 132.47
2015-12-31 301.46 330.70 90.16
2015-09-30 295.29 260.12 93.19
2015-06-30 285.95 424.24 87.64
2015-03-31 274.90 252.01 95.04
2014-12-31 264.95 338.73 74.30
2014-09-30 258.16 123.24 94.05
2014-06-30 250.78 236.44 59.38
2014-03-31 242.39 90.19 170.28
2013-12-31 236.23 105.78 119.83
2013-09-30 233.30 139.79 145.86
2013-06-30 273.10 224.38 171.95
2013-03-31 199.30 256.48 45.78
2012-12-31 192.89 194.24 53.88
2012-09-30 187.50 226.40 59.81
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Fidelity Southern has an acceptable proportion of non-loan assets held.
  • Fidelity Southern's liabilities are made up of primarily low risk sources of funding.
  • Loans at Fidelity Southern are broadly funded by customer deposits.
  • Fidelity Southern's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • Fidelity Southern has a low allowance for bad loans.
  • Fidelity Southern has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess Fidelity Southern'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. Fidelity Southern has a total score of 5/6, 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.

LION Dividends

 What is Fidelity Southern'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
1.54%
Current annual income from Fidelity Southern dividends. Estimated to be 1.8% next year.
If you bought $2,000 of Fidelity Southern shares you are expected to receive $31 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?
  • Fidelity Southern's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.42%).
  • Fidelity Southern's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
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
NasdaqGS:LION 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 2 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 479 Stocks 3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2016 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

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

NasdaqGS:LION Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.56 2.00
2019-12-31 0.56 1.00
NasdaqGS:LION Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-06-17 0.480 1.573
2019-04-22 0.480 1.648
2019-01-18 0.480 1.611
2018-10-19 0.480 1.977
2018-07-20 0.480 1.981
2018-04-20 0.480 1.944
2018-01-19 0.480 2.046
2017-10-20 0.480 2.190
2017-07-21 0.480 2.170
2017-04-21 0.480 2.132
2017-01-20 0.480 2.115
2016-10-21 0.480 2.172
2016-07-22 0.480 2.690
2016-04-22 0.480 3.002
2016-01-22 0.480 3.070
2015-10-16 0.400 1.885
2015-07-17 0.400 2.016
2015-04-17 0.400 2.411
2015-01-16 0.360 2.217
2014-10-17 0.360 2.329
2014-07-18 0.360 2.590
2014-04-21 0.320 2.391
2014-01-16 0.159 1.133
2013-10-18 0.120 0.742
2013-07-19 0.079 0.544
2013-07-18 0.000 0.000
2013-05-09 0.000 0.000
2013-04-18 0.000 0.000
2013-03-15 0.000 0.000
2013-01-17 0.000 0.000
2012-11-09 0.000 0.000
2012-10-18 0.000 0.000
2012-08-14 0.000 0.000
2012-07-19 0.000 0.000
2012-05-14 0.000 0.000
2012-04-19 0.000 0.000
2012-03-27 0.037 0.574
2012-01-19 0.037 0.600
2011-10-21 0.036 0.649
2011-10-20 0.037 0.667
2011-07-22 0.036 0.617
2010-08-06 0.000 0.000
2010-07-15 0.000 0.000
2010-05-07 0.000 0.000
2010-04-15 0.000 0.000
2010-03-10 0.000 0.000
2010-01-27 0.000 0.000
2010-01-21 0.000 0.000
2009-11-06 0.000 0.000
2009-10-16 0.000 0.000
2009-08-07 0.000 0.000
2009-07-17 0.000 0.000
2009-05-08 0.000 0.000
2009-04-16 0.000 0.000
2009-03-17 0.000 0.000
2008-11-10 0.035 1.616
2008-10-16 0.035 1.070
2008-07-18 0.034 0.908
2008-07-17 0.035 0.997

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

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Fidelity Southern's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.9x coverage).
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 Fidelity Southern's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - 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 Fidelity Southern afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Fidelity Southern has a total score of 3/6, see the detailed checks below.


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

LION Management

 What is the CEO of Fidelity Southern'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
Jim Miller
COMPENSATION $2,433,197
AGE 79
TENURE AS CEO 40.5 years
CEO Bio

Mr. James B. Miller, Jr., also known as Jim, has been the Chief Executive Officer and Chairman of board at Fidelity Southern Corporation since 1979 and serves as its Principal Executive Officer. Mr. Miller is Founder of Fidelity Southern Corporation, the parent company of Fidelity Bank. Mr. Miller has been the Chairman of the Board at Fidelity Bank, a subsidiary of Fidelity National Corp. since 1998 and also has been its Director since 1976. He served as the President of Fidelity Bank from 1977 to 1997 and again from December 2003 to September 2004 and as its Chief Executive Officer from 1977 to 1997 and again from December 2003 to April 2017. He served as the President of Fidelity Southern Corp., from 1979 to April 27, 2006. Mr. Miller serves as the Chairman of the Michael C. Carlos Museum at Emory University. He has been the Chairman of Berlin American Companies, a group of family real estate companies since 1977. He has been the Chairman of Trinity Apex and Prescott Automotive LLC since 2006. He has been the Chairman of LionMark Insurance Company, a subsidiary of Fidelity Southern Corp. since November 2004 and serves as its Director. He is a co-owner of BAC Properties Partnership LLP. He served as the Chairman of Fidelity National Capital Investors, Inc. He served as the Chairman of Fidelity National Capital, Inc., a wholly owned subsidiary of Fidelity, from 1992 to 2005. He has been a Director of American Software, Inc. since 2002. He has been a Director of Fidelity Southern Corp., since 1979. He has been an Independent Director of Interface Inc. since May 2000. He holds a Bachelor of Arts Degree from Florida State University and an L.L.B. from Vanderbilt University Law.

CEO Compensation
  • Jim's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jim's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Fidelity Southern management team in years:

13.3
Average Tenure
62
Average Age
  • The average tenure for the Fidelity Southern management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jim Miller

TITLE
Chairman & CEO
COMPENSATION
$2M
AGE
79
TENURE
40.5 yrs

H. Proctor

TITLE
President & Director
COMPENSATION
$942K
AGE
51
TENURE
13.3 yrs

Charlie Christy

TITLE
Executive VP & CFO
COMPENSATION
$556K
AGE
62
TENURE
2.1 yrs

Martha Fleming

TITLE
Corporate Secretary

Georgett Dickinson

TITLE
Senior VP & General Counsel
TENURE
13.7 yrs

Jim Graham

TITLE
Compliance Officer

Darren Davis

TITLE
Head of the SBA Department
TENURE
4 yrs

Lucas Stewart

TITLE
Financial Reporting Manager
Board of Directors Tenure

Average tenure and age of the Fidelity Southern board of directors in years:

15.5
Average Tenure
70
Average Age
  • The average tenure for the Fidelity Southern board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

H. Proctor

TITLE
President & Director
COMPENSATION
$942K
AGE
51
TENURE
14.8 yrs

Kevin King

TITLE
Director
COMPENSATION
$106K
AGE
71
TENURE
21.5 yrs

Jim Miller

TITLE
Chairman & CEO
COMPENSATION
$2M
AGE
79
TENURE
40.5 yrs

David Bockel

TITLE
Director
COMPENSATION
$106K
AGE
74
TENURE
21.8 yrs

Bill Lankford

TITLE
Director
COMPENSATION
$106K
AGE
69
TENURE
9.5 yrs

Don Harp

TITLE
Lead Director
COMPENSATION
$106K
AGE
80
TENURE
8.5 yrs

W. Shepherd

TITLE
Director
COMPENSATION
$96K
AGE
58
TENURE
16.3 yrs

Rankin Smith

TITLE
Director
COMPENSATION
$96K
AGE
71
TENURE
32.3 yrs

William Choate

TITLE
Director
COMPENSATION
$106K
AGE
66
TENURE
9.3 yrs

Gloria O'Neal

TITLE
Director
COMPENSATION
$45K
AGE
69
TENURE
1.4 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Fidelity Southern individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
09. Apr 19 Buy W. Shepherd Individual 05. Apr 19 05. Apr 19 426 $28.15 $12,000
08. Mar 19 Buy Rankin Smith Individual 07. Mar 19 07. Mar 19 10,000 $30.50 $305,000
15. Jan 19 Buy W. Shepherd Individual 11. Jan 19 11. Jan 19 438 $27.37 $11,997
26. Dec 18 Buy Rankin Smith Individual 24. Dec 18 24. Dec 18 15,000 $25.25 $378,746
09. Oct 18 Buy W. Shepherd Individual 05. Oct 18 05. Oct 18 495 $24.24 $12,000
16. Jul 18 Buy W. Shepherd Individual 13. Jul 18 13. Jul 18 153 $26.10 $3,997
X
Management checks
We assess Fidelity Southern'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. Fidelity Southern 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.

LION News

Simply Wall St News

Can These Factors Give You An Edge In Fidelity Southern Corporation (NASDAQ:LION)?

As a small-cap finance stock with a market capitalisation of US$609m, the risk and profitability of Fidelity Southern Corporation (NASDAQ:LION) are largely tied to the underlying economic growth of the region it operates in US. … The Basel III reforms are aimed at banking regulations to improve financial institutions’ ability to absorb shocks caused by economic stress which could expose banks like Fidelity Southern to vulnerabilities. … Today we will be measuring Fidelity Southern’s financial risk position by looking at three leverage and liquidity metrics.

Simply Wall St -

Is Fidelity Southern Corporation's (NASDAQ:LION) CEO Being Overpaid?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Jim Miller's Compensation Compare With Similar Sized Companies. … According to our data, Fidelity Southern Corporation has a market capitalization of US$623m, and pays its CEO total annual compensation worth US$4.9m.

Simply Wall St -

Do You Know What Fidelity Southern Corporation's (NASDAQ:LION) P/E Ratio Means?

We'll show how you can use Fidelity Southern Corporation's (NASDAQ:LION) P/E ratio to inform your assessment of the investment opportunity. … Based on the last twelve months, Fidelity Southern's P/E ratio is 13.79. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

At US$23.06, Is Fidelity Southern Corporation (NASDAQ:LION) Worth Looking At Closely?

Fidelity Southern Corporation (NASDAQ:LION), operating in the financial services industry based in United States,. … A question to answer is whether Fidelity Southern's current trading price of $23.06 reflective of the actual value of the? … Let’s take a look at Fidelity Southern’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Brief Commentary On Fidelity Southern Corporation's (NASDAQ:LION) Fundamentals

Fidelity Southern Corporation (NASDAQ:LION) is a company with exceptional fundamental characteristics. … Upon building up an investment case for a stock, we should look at various aspects. … that has been able to sustain great financial health over the past

Simply Wall St -

What You Should Know About Fidelity Southern Corporation’s (NASDAQ:LION) Liquidity

As a small-cap finance stock with a market capitalisation of US$664.0m, the risk and profitability of Fidelity Southern Corporation (NASDAQ:LION) are largely tied to the underlying economic growth of the region it operates in US. … Basel III target banking regulations to improve the sector’s ability to absorb shocks resulting from economic stress which may expose financial institutions like Fidelity Southern to vulnerabilities. … High liquidity and low leverage could position Fidelity Southern favourably at the face of macro headwinds.

Simply Wall St -

Interested In Financials? Why Fidelity Southern Corporation (NASDAQ:LION) May Be The Entry Point

is a bank operating in an industry, … Many aspects of banking and capital markets are being attacked by new competitors, whose key advantage is a leaner and technology-enabled operating model, allowing them to scale at a faster rate and meet changing consumer needs … Financial services analysts are forecasting for the entire industry,

Simply Wall St -

How Much is Fidelity Southern Corporation's (NASDAQ:LION) CEO Getting Paid?

Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … This is because, if incentives are aligned, more value is created for shareholders which directly impacts your returns as an investor. … CEOs leading companies of similar size and profitability

Simply Wall St -

2 Days Left Before Fidelity Southern Corporation (NASDAQ:LION) Will Start Trading Ex-Dividend, Should You Buy?

Fidelity Southern Corporation (NASDAQ:LION) will be distributing its dividend of US$0.12 per share on the 14 August 2018, and will start trading ex-dividend in 2 days time on the 01 August 2018. … If you are a dividend investor, you should always assess these five key metrics:? … Has it paid dividend every year without dramatically reducing payout in the past?

Simply Wall St -

Can Fidelity Southern Corporation (NASDAQ:LION) Continue To Outperform Its Industry?

With an ROE of 9.99%, Fidelity Southern Corporation (NASDAQ:LION) returned in-line to its own industry which delivered 8.45% over the past year. … Sustainability can be gauged by a company’s financial leverage – the more debt it has, the higher ROE is pumped up in the short term, at the expense of long term interest payment burden. … Check out our latest analysis for Fidelity Southern

Simply Wall St -

LION Company Info

Description

Fidelity Southern Corporation operates as the bank holding company for Fidelity Bank that provides financial products and services primarily to individuals and small to medium-sized businesses in the United States. The company accepts noninterest-bearing and interest-bearing demand accounts, including money market accounts and savings deposits; and time deposits. It also offers commercial and industrial loans, commercial real estate loans, small business administration loans, indirect automobile loans, and real estate construction loans, as well as consumer loans, including automobile loans, residential mortgage and home equity loans, and secured and unsecured personal loans. In addition, the company provides Internet banking services comprising online bill pay and mobile deposit, and Internet cash management services; and wealth management services, such as trust administration, investment management, financial and estate planning, and specialized lending and banking. Further, it offers cash management, remote deposit, and international trade services; and merchant services and credit cards. Additionally, the company operates an insurance agency that offers consumer credit related insurance products; and issues trust preferred securities. As of December 31, 2018, it owned 59 and leased 10 retail bank branches; and leased 33 mortgage loan production offices. Fidelity Southern Corporation was founded in 1973 and is headquartered in Atlanta, Georgia.

Details
Name: Fidelity Southern Corporation
LION
Exchange: NasdaqGS
Founded: 1973
$856,550,018
27,657,411
Website: http://www.lionbank.com
Address: Fidelity Southern Corporation
3490 Piedmont Road,
Suite 1550,
Atlanta,
Georgia, 30305,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS LION Common Stock Nasdaq Global Select US USD 31. Oct 1994
Number of employees
Current staff
Staff numbers
1,407
Fidelity Southern employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/01 23:38
End of day share price update: 2019/06/28 00:00
Last estimates confirmation: 2019/07/01
Last earnings filing: 2019/05/03
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


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.