First Commerce Bancorp Past Earnings Performance
Past criteria checks 2/6
First Commerce Bancorp has been growing earnings at an average annual rate of 5.7%, while the Banks industry saw earnings growing at 10.1% annually. Revenues have been growing at an average rate of 6.5% per year. First Commerce Bancorp's return on equity is 7.5%, and it has net margins of 29.5%.
Key information
5.7%
Earnings growth rate
4.7%
EPS growth rate
| Banks Industry Growth | 11.2% |
| Revenue growth rate | 6.5% |
| Return on equity | 7.5% |
| Net Margin | 29.5% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
No updates
Recent updates
Revenue & Expenses BreakdownBeta
How First Commerce Bancorp makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 47 | 14 | 25 | 0 |
| 30 Sep 23 | 44 | 12 | 24 | 0 |
| 30 Jun 23 | 48 | 16 | 23 | 0 |
| 31 Mar 23 | 47 | 16 | 22 | 0 |
| 31 Dec 22 | 49 | 17 | 23 | 0 |
| 30 Sep 22 | 47 | 17 | 22 | 0 |
| 30 Jun 22 | 45 | 15 | 21 | 0 |
| 31 Mar 22 | 46 | 17 | 20 | 0 |
| 31 Dec 21 | 44 | 17 | 19 | 0 |
| 31 Dec 20 | 35 | 11 | 18 | 0 |
| 31 Dec 19 | 35 | 9 | 18 | 0 |
| 31 Dec 18 | 36 | 13 | 16 | 0 |
| 31 Dec 17 | 37 | 14 | 13 | 0 |
| 31 Dec 16 | 32 | 12 | 11 | 0 |
| 31 Dec 15 | 23 | 8 | 9 | 0 |
| 31 Dec 14 | 16 | 4 | 8 | 0 |
| 31 Dec 13 | 10 | 4 | 7 | 0 |
Quality Earnings: CMRB has high quality earnings.
Growing Profit Margin: CMRB's current net profit margins (29.5%) are lower than last year (34.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: CMRB's earnings have grown by 5.7% per year over the past 5 years.
Accelerating Growth: CMRB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CMRB had negative earnings growth (-17%) over the past year, making it difficult to compare to the Banks industry average (-10.2%).
Return on Equity
High ROE: CMRB's Return on Equity (7.5%) is considered low.