OTCPK:CIBH

Stock Analysis Report

CIB Marine Bancshares

Executive Summary

CIB Marine Bancshares, Inc. operates as the bank holding company for CIBM Bank that provides banking and related services to small and middle-market business customers.

Snowflake

Fundamentals

Flawless balance sheet and fair value.

Share Price & News

How has CIB Marine Bancshares's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-3.6%

CIBH

4.1%

US Banks

1.0%

US Market


1 Year Return

-12.9%

CIBH

7.2%

US Banks

8.0%

US Market

Return vs Industry: CIBH underperformed the US Banks industry which returned 7.2% over the past year.

Return vs Market: CIBH underperformed the US Market which returned 8% over the past year.


Shareholder returns

CIBHIndustryMarket
7 Day-3.6%4.1%1.0%
30 Day8.0%2.8%-0.07%
90 Day-5.6%2.9%-1.0%
1 Year-12.9%-12.9%10.3%7.2%10.4%8.0%
3 Year10.7%10.7%53.9%43.3%46.2%36.7%
5 Year150.0%150.0%71.9%53.1%64.3%46.2%

Price Volatility Vs. Market

How volatile is CIB Marine Bancshares's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is CIB Marine Bancshares undervalued compared to its fair value and its price relative to the market?

4.99x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: CIBH ($1.35) is trading above our estimate of fair value ($0.47)

Significantly Below Fair Value: CIBH is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: CIBH is good value based on its PE Ratio (5x) compared to the Banks industry average (12.6x).

PE vs Market: CIBH is good value based on its PE Ratio (5x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: CIBH is good value based on its PB Ratio (0.3x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is CIB Marine Bancshares forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

18.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CIBH's forecast earnings growth (18.1% per year) is above the savings rate (2.7%).

Earnings vs Market: CIBH's earnings (18.1% per year) are forecast to grow faster than the US market (14.5% per year).

High Growth Earnings: CIBH's earnings are forecast to grow, but not significantly.

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

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


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has CIB Marine Bancshares performed over the past 5 years?

55.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CIBH has become profitable over the past 5 years, growing earnings by 55.5% per year.

Accelerating Growth: CIBH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: CIBH had negative earnings growth (-81.4%) over the past year, making it difficult to compare to the Banks industry average (30.1%).


Return on Equity

High ROE: CIBH's Return on Equity (3.4%) is considered low.


Return on Assets

ROA vs Industry: CIBH's Return on Assets is below or equal to the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate CIBH's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is CIB Marine Bancshares'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: CIBH has a low level of unsold assets or inventory.

Debt Coverage by Assets: CIBH's debt is not covered by short term assets (assets are 0.5x debt).


Financial Institutions Analysis

Asset Level: CIBH's level of assets compared to its equity is low.

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

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

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

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

Level of Bad Loans: CIBH has an appropriate level of bad loans (1.34%)


Next Steps

Dividend

What is CIB Marine Bancshares's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage3.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate CIBH'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 CIBH's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CIBH'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 CIBH'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 CIB Marine Bancshares's salary, the management and board of directors tenure and is there insider trading?

6.1yrs

Average management tenure


CEO

J. Chaffin (61yo)

4yrs

Tenure

0

Mr. J. Brian Chaffin has been the Chief Executive Officer and President at CIB Marine Bancshares Inc., since 2015. Mr. Chaffin serves as the Chief Executive Officer and President of CIBM Bank. He has been  ...


Management Age and Tenure

6.1yrs

Average Tenure

57yo

Average Age

Experienced Management: CIBH's management team is seasoned and experienced (6.1 years average tenure).


Board Age and Tenure

9.3yrs

Average Tenure

64yo

Average Age

Experienced Board: CIBH's board of directors are considered experienced (9.3 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

  • Patrick Straka (52yo)

    Executive VP & CFO

    • Tenure: 9.2yrs
    • Compensation: US$179.90k
  • Joanne M. Blaesing

    Executive VP & Director of Community Development

    • Tenure: 0yrs
  • Daniel Rasmussen (53yo)

    Chief Administrative Officer

    • Tenure: 3.8yrs
    • Compensation: US$189.49k
  • J. Chaffin (61yo)

    President

    • Tenure: 4yrs
  • Paul Melnick (62yo)

    Chief Credit Officer & Executive VP

    • Tenure: 8.2yrs
    • Compensation: US$159.75k
  • James Mullaney

    Executive VP & Director of Corporate Banking

    • Tenure: 0yrs
  • Gary Maughan

    Executive VP & Mortgage Banking Director

    • Tenure: 0yrs
  • Liz Neighbors

    VP and Paralegal & Investor Relations Manager

    • Tenure: 0yrs
  • Joseph Arie

    Executive VP & Director of Government Guaranteed Lending

    • Tenure: 0yrs
  • Lee Abner

    Senior VP & Director of Technology Services

    • Tenure: 0yrs

Board Members

  • Steve Palmitier (63yo)

    Director

    • Tenure: 2.6yrs
  • Gary Longman (70yo)

    Independent Director

    • Tenure: 15yrs
    • Compensation: US$34.50k
  • John Hickey (71yo)

    Director

    • Tenure: 12.4yrs
    • Compensation: US$139.46k
  • Ron Rhoades (64yo)

    Independent Director

    • Tenure: 9.5yrs
    • Compensation: US$17.50k
  • Charlie Mires (58yo)

    Independent Director

    • Tenure: 9.5yrs
    • Compensation: US$11.90k
  • Chuck Baker (74yo)

    Independent Director

    • Tenure: 11.8yrs
    • Compensation: US$26.60k
  • J. Chaffin (61yo)

    President

    • Tenure: 4yrs
  • Mark Elste (64yo)

    Chairman of the Board

    • Tenure: 4yrs
    • Compensation: US$3.00k
  • Willard Bunn (75yo)

    Independent Director

    • Tenure: 9yrs
    • Compensation: US$17.50k
  • Mark Henderson (59yo)

    Director

    • Tenure: 2.6yrs

Company Information

CIB Marine Bancshares, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: CIB Marine Bancshares, Inc.
  • Ticker: CIBH
  • Exchange: OTCPK
  • Founded: 1985
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: US$26.128m
  • Shares outstanding: 19.35m
  • Website: https://www.cibmarine.com

Number of Employees


Location

  • CIB Marine Bancshares, Inc.
  • 19601 West Bluemound Road
  • Brookfield
  • Wisconsin
  • 53045
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CIBHOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJul 2004

Biography

CIB Marine Bancshares, Inc. operates as the bank holding company for CIBM Bank that provides banking and related services to small and middle-market business customers. The company operates through Banking ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 23:53
End of Day Share Price2019/10/16 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.