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FCB Financial Holdings

NYSE:FCB
Snowflake Description

Flawless balance sheet and undervalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FCB
NYSE
$2B
Market Cap
  1. Home
  2. US
  3. Banks
Company description

FCB Financial Holdings, Inc. operates as the bank holding company for Florida Community Bank, N.A. The last earnings update was 53 days ago. More info.


Add to Portfolio Compare Print
  • FCB Financial Holdings has significant price volatility in the past 3 months.
FCB Share Price and Events
7 Day Returns
3.5%
NYSE:FCB
2.8%
US Banks
3%
US Market
1 Year Returns
-33.7%
NYSE:FCB
-18.3%
US Banks
-8.4%
US Market
FCB Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
FCB Financial Holdings (FCB) 3.5% -15% -27.9% -33.7% -5.9% -
US Banks 2.8% -14.9% -17.6% -18.3% 17.4% 27.8%
US Market 3% -9.7% -15.8% -8.4% 20.1% 28.6%
1 Year Return vs Industry and Market
  • FCB underperformed the Banks industry which returned -18.3% over the past year.
  • FCB underperformed the Market in United States of America which returned -8.4% over the past year.
Price Volatility
FCB
Industry
5yr Volatility vs Market

Value

 Is FCB Financial Holdings 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 FCB Financial Holdings 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 FCB Financial Holdings.

NYSE:FCB Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 6 analysts.
= Stable Book Value * Return on Equity
= $33.67 * 13.4%
$4.51
Book Value of Equity per Share Weighted future Book Value estimates from 6 analysts. $33.67
Discount Rate (Cost of Equity) See below 10.7%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

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 NYSE:FCB
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.53
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.532 (1 + (1- 21%) (54.24%))
1.106
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.11
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.95% + (1.106 * 7.05%)
10.75%

Discounted Cash Flow Calculation for NYSE:FCB using Excess Returns Model Model

The calculations below outline how an intrinsic value for FCB Financial Holdings 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.

NYSE:FCB Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (13.4% – 10.75%) * $33.67)
$0.89
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.89 / (10.75% - 2.95%)
$11.41
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $33.67 + $11.41
$45.08
NYSE:FCB Discount to Share Price
Calculation Result
Value per share (USD) From above. $45.08
Current discount Discount to share price of $33.68
= -1 x ($33.68 - $45.08) / $45.08
25.3%

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

Current Discount
Amount off the current price FCB Financial Holdings is available for.
Intrinsic value
25%
Share price is $33.68 vs Future cash flow value of $45.08
Current Discount Checks
For FCB Financial Holdings to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • FCB Financial Holdings's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • FCB Financial Holdings's share price is below the future cash flow value, but not at a substantial discount (< 40%).
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 FCB Financial Holdings's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are FCB Financial Holdings's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:FCB PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in USD $3.19
NYSE:FCB Share Price ** NYSE (2018-12-28) in USD $33.68
United States of America Banks Industry PE Ratio Median Figure of 572 Publicly-Listed Banks Companies 14.08x
United States of America Market PE Ratio Median Figure of 3,020 Publicly-Listed Companies 16.04x

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

** Primary Listing of FCB Financial Holdings.

NYSE:FCB PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:FCB Share Price ÷ EPS (both in USD)

= 33.68 ÷ 3.19

10.57x

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

  • FCB Financial Holdings is good value based on earnings compared to the US Banks industry average.
  • FCB Financial Holdings is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does FCB Financial Holdings's expected growth come at a high price?
Raw Data
NYSE:FCB PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 10.57x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
18.4%per year
United States of America Banks Industry PEG Ratio Median Figure of 253 Publicly-Listed Banks Companies 1.06x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.13x

*Line of best fit is calculated by linear regression .

NYSE:FCB PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 10.57x ÷ 18.4%

0.58x

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

  • FCB Financial Holdings is good value based on expected growth next year.
Price based on value of assets
What value do investors place on FCB Financial Holdings's assets?
Raw Data
NYSE:FCB PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in USD $29.43
NYSE:FCB Share Price * NYSE (2018-12-28) in USD $33.68
United States of America Banks Industry PB Ratio Median Figure of 583 Publicly-Listed Banks Companies 1.19x
United States of America Market PB Ratio Median Figure of 5,096 Publicly-Listed Companies 1.61x
NYSE:FCB PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:FCB Share Price ÷ Book Value per Share (both in USD)

= 33.68 ÷ 29.43

1.14x

* Primary Listing of FCB Financial Holdings.

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

  • FCB Financial Holdings is good value based on assets compared to the US Banks industry average.
X
Value checks
We assess FCB Financial Holdings'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. FCB Financial Holdings has a total score of 5/6, 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.

Future Performance

 How is FCB Financial Holdings expected to perform in the next 1 to 3 years based on estimates from 6 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
18.4%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is FCB Financial Holdings expected to grow at an attractive rate?
  • FCB Financial Holdings's earnings growth is expected to exceed the low risk savings rate of 3%.
Growth vs Market Checks
  • FCB Financial Holdings's earnings growth is expected to exceed the United States of America market average.
  • FCB Financial Holdings's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:FCB Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:FCB Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 18.4%
NYSE:FCB Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 13.7%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 6.4%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.1%
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
NYSE:FCB Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:FCB Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 664 1
2021-12-31 599 1
2020-12-31 531 239 2
2019-12-31 455 204 6
2018-12-31 394 174 4
NYSE:FCB Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-09-30 367 176 145
2018-06-30 349 169 134
2018-03-31 330 169 126
2017-12-31 321 164 125
2017-09-30 315 161 134
2017-06-30 307 127 128
2017-03-31 299 118 116
2016-12-31 290 98 100
2016-09-30 280 101 102
2016-06-30 270 122 97
2016-03-31 261 103 93
2015-12-31 251 68 53

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • FCB Financial Holdings's earnings are expected to grow by 18.4% yearly, however this is not considered high growth (20% yearly).
  • FCB Financial Holdings's revenue is expected to grow by 13.7% 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
NYSE:FCB 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 6 Analyst Estimates (S&P Global) See Below

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

NYSE:FCB Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 4.71 4.73 4.70 2.00
2019-12-31 4.17 4.42 3.45 7.00
2018-12-31 3.56 3.61 3.48 5.00
NYSE:FCB Past Financials Data
Date (Data in USD Millions) EPS *
2018-09-30 3.19
2018-06-30 2.99
2018-03-31 2.89
2017-12-31 2.92
2017-09-30 3.18
2017-06-30 3.09
2017-03-31 2.84
2016-12-31 2.45
2016-09-30 2.50
2016-06-30 2.37
2016-03-31 2.25
2015-12-31 1.29

*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.
  • FCB Financial Holdings is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess FCB Financial Holdings'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.
FCB Financial Holdings has a total score of 3/6, 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.

Past Performance

  How has FCB Financial Holdings 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 FCB Financial Holdings'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.
  • FCB Financial Holdings has delivered over 20% year on year earnings growth in the past 5 years.
  • FCB Financial Holdings's 1-year earnings growth is less than its 5-year average (8.3% vs 43.8%)
  • FCB Financial Holdings's earnings growth has not exceeded the US Banks industry average in the past year (8.3% vs 15.8%).
Earnings and Revenue History
FCB Financial Holdings'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 FCB Financial Holdings Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:FCB Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 366.84 145.28 127.61
2018-06-30 348.99 133.96 124.39
2018-03-31 330.37 126.30 122.64
2017-12-31 321.05 125.19 121.39
2017-09-30 314.73 134.13 117.99
2017-06-30 306.83 128.03 115.13
2017-03-31 299.36 116.45 112.77
2016-12-31 289.78 99.92 110.34
2016-09-30 280.23 101.77 112.02
2016-06-30 269.96 96.85 108.62
2016-03-31 260.64 92.72 106.27
2015-12-31 251.18 53.39 103.11
2015-09-30 236.11 36.74 95.45
2015-06-30 218.38 12.18 107.51
2015-03-31 201.13 1.97 102.76
2014-12-31 181.96 22.37 105.54
2014-09-30 164.65 15.20 100.56
2014-06-30 150.43 23.09 80.95
2014-03-31 139.48 18.20 77.99
2013-12-31 130.35 17.17 70.47
2012-12-31 114.52 -4.83 75.41

*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.
  • FCB Financial Holdings has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • FCB Financial Holdings used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if FCB Financial Holdings 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 FCB Financial Holdings'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.
FCB Financial Holdings has a total score of 2/6, 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.

Health

 How is FCB Financial Holdings'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 FCB Financial Holdings'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 FCB Financial Holdings Company Filings, last reported 3 months ago.

NYSE:FCB Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 1,377.49 855.51 232.21
2018-06-30 1,336.93 886.13 314.16
2018-03-31 1,304.14 770.76 164.38
2017-12-31 1,179.17 760.95 127.75
2017-09-30 1,156.07 892.24 130.44
2017-06-30 1,117.28 1,037.54 118.05
2017-03-31 1,055.25 753.43 147.74
2016-12-31 982.44 766.37 99.14
2016-09-30 966.09 612.23 131.39
2016-06-30 923.17 804.85 206.96
2016-03-31 889.30 988.81 164.42
2015-12-31 876.11 1,004.74 124.01
2015-09-30 855.88 1,177.06 111.90
2015-06-30 857.48 1,248.28 156.67
2015-03-31 846.83 1,112.67 133.62
2014-12-31 851.65 1,082.31 121.41
2014-09-30 835.73 1,172.56 148.79
2014-06-30 739.45 863.91 139.22
2014-03-31 723.87 670.40 92.26
2013-12-31 716.11 438.53 241.88
2012-12-31 728.17 271.64 96.22
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.
  • FCB Financial Holdings has an acceptable proportion of non-loan assets held.
  • FCB Financial Holdings's liabilities are made up of primarily low risk sources of funding.
  • Loans at FCB Financial Holdings are broadly funded by customer deposits.
  • FCB Financial Holdings's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • FCB Financial Holdings has a sufficient allowance for bad loans.
  • FCB Financial Holdings has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess FCB Financial Holdings'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. FCB Financial Holdings has a total score of 6/6, 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.

Dividends

 What is FCB Financial Holdings'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
0%
Current annual income from FCB Financial Holdings dividends. Estimated to be 0.33% next year.
If you bought $2,000 of FCB Financial Holdings shares you are expected to receive $0 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?
  • Unable to evaluate FCB Financial Holdings's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate FCB Financial Holdings's dividend against the top 25% market benchmark as the company has not reported any payouts.
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
NYSE:FCB 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 6 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 459 Stocks 3.2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1985 Stocks 2.8%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.9%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 4%

Industry and Market average data is calculated daily.

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

NYSE:FCB Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 0.00 1.00
2019-12-31 0.23 2.00
2018-12-31 0.05 2.00

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

  • Unable to perform a dividend volatility check as FCB Financial Holdings has not reported any payouts.
  • Unable to verify if FCB Financial Holdings's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of FCB Financial Holdings's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as FCB Financial Holdings has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of FCB Financial Holdings's dividends in 3 years as they are not expected to pay a notable one for United States of America.
X
Income/ dividend checks
We assess FCB Financial Holdings's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.9%) - 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 FCB Financial Holdings afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. FCB Financial Holdings has a total score of 0/6, see the detailed checks below.


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

Management

 What is the CEO of FCB Financial Holdings'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
Kent Ellert
COMPENSATION $9,458,558
AGE 54
TENURE AS CEO 5.8 years
CEO Bio

Mr. Kent S. Ellert has been the Chief Executive Officer and President of FCB Financial Holdings, Inc. since March 22, 2013 and October 1, 2010, respectively. Mr. Ellert has been Chief Executive Officer of Florida Community Bank, N.A. since January 26, 2013 and also serves as its President. He serves as Chief Executive Officer and President of Florida Community Banks Inc. He served as the President of Florida Community Bank, N.A. since January 22, 2010 Mr. Ellert served as Chief Operating Officer of Florida Community Bank, N.A. from January 22, 2010 to March 2013 and FCB Financial Holdings, Inc. from October 01, 2010 to March 2013. He served as Chief Operating Officer of Florida Community Banks Inc. From October 2009 to January 22, 2010, Mr. Ellert assisted Bond Street Holdings with the identification of target depository institutions as its Consultant. Prior to joining Bond Street Holdings, Mr. Ellert was a consultant to Southeast Acquisition Holding Corp., an entity established for the pursuit of bank platform acquisitions in Florida. From August 2007 to October 2008, Mr. Ellert was President and Chief Executive Officer of Fifth Third Bank—South Florida. Prior to joining Fifth Third Bank, Mr. Ellert worked for Wachovia (legacy First Union) for 18 years, where he oversaw the establishment of Wachovia’s first wholesale banking platform in southwest Florida and managed the combination of Wachovia and First Union Bank in Broward County, Florida. Mr. Ellert held various other positions with Wachovia from 1989 until 2007, including Executive Vice President, Group Head Retail Banking, Southeast US Regional President, Business/Commercial Banking Sales Director, Senior Portfolio Manager and Corporate Banking Officer. Prior to joining Wachovia, Mr. Ellert was a Relationship Manager at NCNB (a predecessor to Bank of America). He served as Regional President at Wells Fargo Bank, N.A., Charlotte since May 2005. Mr. Ellert held a number of leadership positions in Florida bank, including North Florida Regional President, Wholesale Banking Manager for Broward and Palm Beach counties and Senior Portfolio Risk Manager for South Florida. He has been a Director of FCB Financial Holdings, Inc. since October 1, 2010 and Florida Community Bank, N.A. since January 22, 2010. He serves as a Director of Florida Community Banks Inc. and Enterprise Florida, Inc. He is involved in various community endeavors. He was Chairman for both the Museum of Discovery and Science and Deliver the Dream, where he supported various civic and social initiatives. He is a Member of the Board of Directors of Florida Gulf Coast University and Lutgert College of Business. He serves as a Member of the board of the Ft. Lauderdale Chamber of Commerce and is a Member of the American Diabetes Foundation. He serves on the 2005 United Way Campaign Cabinet. He was a Member of the board of the Economic Development Council. Mr. Ellert is a graduate of the University of Texas at Austin, where he received his Bachelor of Business Administration degree in accounting and the University of Houston, where he received his Master in Business Administration degree with a concentration in finance. He is also a graduate of the Kenan-Flagler Business School Leadership Program at the University of North Carolina-Chapel Hill.

CEO Compensation
  • Kent's compensation has increased by more than 20% in the past year.
  • Kent's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the FCB Financial Holdings management team in years:

2.8
Average Tenure
62.5
Average Age
  • The tenure for the FCB Financial Holdings management team is about average.
Management Team

Vincent Tese

TITLE
Executive Chairman
COMPENSATION
$3M
AGE
75

Kent Ellert

TITLE
President
COMPENSATION
$9M
AGE
54
TENURE
5.8 yrs

Les Lieberman

TITLE
Executive Vice Chairman
COMPENSATION
$3M
AGE
61

Jack Partagas

TITLE
Senior VP & CFO
COMPENSATION
$984K
AGE
42
TENURE
1.3 yrs

Stuart Oran

TITLE
Secretary & Director
COMPENSATION
$366K
AGE
68
TENURE
8.2 yrs

Matthew Paluch

TITLE
Senior VP & Director of Investor Relations

Paul Burner

TITLE
Finance Director
COMPENSATION
$508K
AGE
64
TENURE
2.8 yrs

David Lukes

TITLE
Senior VP & Commercial Real Estate Manager
TENURE
2.8 yrs

Jim Mitchell

TITLE
Director of Public Finance
TENURE
2.8 yrs

Isa Andrews

TITLE
Senior VP & Marketing Director of Florida Community Bank
Board of Directors Tenure

Average tenure and age of the FCB Financial Holdings board of directors in years:

8.2
Average Tenure
74.5
Average Age
  • The tenure for the FCB Financial Holdings board of directors is about average.
Board of Directors

Kent Ellert

TITLE
President
COMPENSATION
$9M
AGE
54
TENURE
8.2 yrs

Les Lieberman

TITLE
Executive Vice Chairman
COMPENSATION
$3M
AGE
61
TENURE
9.1 yrs

Stuart Oran

TITLE
Secretary & Director
COMPENSATION
$366K
AGE
68
TENURE
8.2 yrs

Alan Bernikow

TITLE
Director
COMPENSATION
$191K
AGE
77
TENURE
8.2 yrs

Vincent Tese

TITLE
Executive Chairman
COMPENSATION
$3M
AGE
75
TENURE
9.1 yrs

Fred Salerno

TITLE
Lead Director
COMPENSATION
$191K
AGE
74

Howard Curd

TITLE
Director
COMPENSATION
$191K
AGE
79
TENURE
8.2 yrs

Bill Mack

TITLE
Director
COMPENSATION
$191K
AGE
78
TENURE
8.2 yrs

Thomas Constance

TITLE
Director
COMPENSATION
$191K
AGE
82
TENURE
8.2 yrs

Gerry Luterman

TITLE
Director
COMPENSATION
$191K
AGE
74
TENURE
8.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess FCB Financial Holdings'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. FCB Financial Holdings 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.

News

External News
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Simply Wall St News

Why These Fundamentals Make FCB Financial Holdings Inc’s (NYSE:FCB) More Attractive

As a small-cap bank stock with a market capitalisation of US$2.45b, FCB Financial Holdings Inc’s (NYSE:FCB) risk and profitability are largely determined by the underlying economic growth of the US regions in which it operates. … 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 FCB Financial Holdings to vulnerabilities. … Today we will be measuring FCB Financial Holdings’s financial risk position by looking at three leverage and liquidity metrics.

Simply Wall St -

With An ROE Of 10.02%, Has FCB Financial Holdings Inc's (NYSE:FCB) Management Done Well?

and want to begin learning the link between company’s fundamentals and stock market performance. … 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. … View our latest analysis for FCB Financial Holdings

Simply Wall St -

Is FCB Financial Holdings Inc (NYSE:FCB) Undervalued?

FCB Financial Holdings Inc (NYSE:FCB), operating in the financial services industry based in United States,. … A question to answer is whether FCB Financial Holdings's current trading price of $59.2 reflective of the actual value of the? … Let’s take a look at FCB Financial Holdings’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 -

FCB Financial Holdings Inc (NYSE:FCB) Investors Are Paying Above The Intrinsic Value

This is because the rules banks face are different to other companies, which can impact the way we forecast their cash flows. … Banks, for example, must hold certain levels of tiered capital in order to maintain a safe cash cushion.

Simply Wall St -

Should You Be Tempted To Sell FCB Financial Holdings Inc (NYSE:FCB) Because Of Its PE Ratio?

and want to better understand how you can grow your money by investing in FCB Financial Holdings Inc (NYSE:FCB). … FCB Financial Holdings Inc (NYSE:FCB) is trading with a trailing P/E of 20.5x, which is higher than the industry average of 16.8x. … While FCB might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions

Simply Wall St -

You Should Consider FCB Financial Holdings Inc (NYSE:FCB) Because Of These Reasons

FCB Financial Holdings Inc (NYSE:FCB) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … In the case of FCB, it

Simply Wall St -

Should You Be Tempted To Sell FCB Financial Holdings Inc (NYSE:FCB) At Its Current PE Ratio?

Formula Price-Earnings Ratio = Price per share ÷ Earnings per share P/E Calculation for FCB Price per share = $58.25 Earnings per share = $2.919 ∴ Price-Earnings Ratio = $58.25 ÷ $2.919 = 20x On its own, the P/E ratio doesn’t tell you much; however, it becomes extremely useful when you compare it with other similar companies. … FCB’s P/E of 20x is higher than its industry peers (17.4x), which implies that each dollar of FCB’s earnings is being overvalued by investors. … In this case, FCB’s P/E would be higher since investors would also reward FCB’s higher growth with a higher price.

Simply Wall St -

Is FCB Financial Holdings Inc (NYSE:FCB) Worth $52.9 Based On Intrinsic Value?

Examining factors like book values, in addition to the return and cost of equity, may be suitable for evaluating FCB’s intrinsic value. … The returns above the cost of equity is known as excess returns: Excess Return Per Share = (Stable Return On Equity – Cost Of Equity) (Book Value Of Equity Per Share) = (13.34% – 9.90%) * $33.51 = $1.15 We use this value to calculate the terminal value of the company, which is how much we expect the company to continue to earn every year, forever. … This is a common component of discounted cash flow models: Terminal Value Per Share = Excess Return Per Share / (Cost of Equity – Expected Growth Rate) = $1.15 / (9.90% – 2.47%) = $15.48 Combining these components gives us FCB's intrinsic value per share: Value Per Share = Book Value of Equity Per Share + Terminal Value Per Share = $33.51 + $15.48 = $48.98 Compared to the current share price of $52.9, FCB is currently trading in-line with its true value.

Simply Wall St -

Should You Buy FCB Financial Holdings Inc (NYSE:FCB) Now?

Let’s take a look at FCB Financial Holdings’s outlook and value based on the most recent financial data to see if the opportunity still exists. … According to my valuation model, FCB Financial Holdings seems to be fairly priced at around 11% above my intrinsic value, which means if you buy FCB Financial Holdings today, you’d be paying a relatively fair price for it. … FCB Financial Holdings’s optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value.

Simply Wall St -

Company Info

Map
Description

FCB Financial Holdings, Inc. operates as the bank holding company for Florida Community Bank, N.A. that provides various financial products and services to individuals, small and medium-sized businesses, large businesses, and other local organizations and entities in south and central Florida. The company offers various deposit products, including demand deposit accounts, interest-bearing products, savings accounts, and certificates of deposit; checking products; and money market accounts and IRAs. It also offers consumer loans, such as personal and auto loans, recreational loans, and home improvement/second mortgage loans. In addition, the company provides commercial credit products, such as lines of credit to finance working capital and trade activities; loans for owner occupied real estate financing; equipment financing; acquisition financing; construction financing, mini-permanent and permanent financing, acquisition and development lending, land financing, and bridge lending services to commercial real estate clients; and specialty financing services to owners and operators in the areas of aviation and marine lending, as well as participates in club lending structures. Further, it offers syndicated loans; credit cards and purchasing cards; and derivative products, such as interest rate swaps; treasury products; securities brokerage services, investment advice, and investment recommendations; and online and mobile banking, safe deposit boxes, and payment services. As of December 31, 2017, FCB Financial Holdings, Inc. operated through a network of 46 banking centers in Florida. The company was formerly known as Bond Street Holdings, Inc. and changed its name to FCB Financial Holdings, Inc. in June 2014. FCB Financial Holdings, Inc. was founded in 1923 and is headquartered in Weston, Florida.

Details
Name: FCB Financial Holdings, Inc.
FCB
Exchange: NYSE
Founded: 1923
$1,577,137,199
46,827,114
Website: http://www.floridacommunitybank.com
Address: FCB Financial Holdings, Inc.
2500 Weston Road,
Suite 300,
Weston,
Florida, 33331,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE FCB Class A Common Stock New York Stock Exchange US USD 01. Aug 2014
DB F15A Class A Common Stock Deutsche Boerse AG DE EUR 01. Aug 2014
Number of employees
Current staff
Staff numbers
708
FCB Financial Holdings employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/12/30 00:45
End of day share price update: 2018/12/28 00:00
Last estimates confirmation: 2018/12/10
Last earnings filing: 2018/11/07
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


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.