Snowflake Score | |
---|---|
Valuation | 4/6 |
Future Growth | 0/6 |
Past Performance | 5/6 |
Financial Health | 6/6 |
Dividends | 0/6 |
CMRB Stock Overview
First Commerce Bank provides various banking products and services to small and medium-sized businesses, professional entities, and individuals.
Rewards
Risk Analysis
No risks detected for CMRB from our risk checks.
First Commerce Bank Competitors
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Price History & Performance
Historical stock prices | |
---|---|
Current Share Price | US$6.56 |
52 Week High | US$6.70 |
52 Week Low | US$5.35 |
Beta | 0.50 |
1 Month Change | 0.15% |
3 Month Change | 0.92% |
1 Year Change | 19.27% |
3 Year Change | 11.19% |
5 Year Change | 26.15% |
Change since IPO | 0.92% |
Recent News & Updates
Shareholder Returns
CMRB | US Banks | US Market | |
---|---|---|---|
7D | 0.08% | 0.3% | -0.9% |
1Y | 19.3% | -16.9% | -20.8% |
Return vs Industry: CMRB exceeded the US Banks industry which returned -16.9% over the past year.
Return vs Market: CMRB exceeded the US Market which returned -20.8% over the past year.
Price Volatility
CMRB volatility | |
---|---|
CMRB Average Weekly Movement | 1.4% |
Banks Industry Average Movement | 3.8% |
Market Average Movement | 7.9% |
10% most volatile stocks in US Market | 16.5% |
10% least volatile stocks in US Market | 3.1% |
Stable Share Price: CMRB is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 1% a week.
Volatility Over Time: CMRB's weekly volatility (1%) has been stable over the past year.
About the Company
Founded | Employees | CEO | Website |
---|---|---|---|
2006 | n/a | Donald Mindiak | https://www.firstcommercebk.com |
First Commerce Bank provides various banking products and services to small and medium-sized businesses, professional entities, and individuals. Its business banking products and services include checking, business statement savings, money market, and deposit escrow sub-accounts, as well as ACH origination and remote deposit services; and personal banking products and services comprising checking, money market, and savings accounts. The company offers commercial/business loans, such as commercial mortgage, construction, SBA, and term loans, and equipment financing services, as well as line of credit.
First Commerce Bank Fundamentals Summary
CMRB fundamental statistics | |
---|---|
Market Cap | US$152.25m |
Earnings (TTM) | US$16.64m |
Revenue (TTM) | US$45.90m |
9.2x
P/E Ratio0.9x
P/B RatioIs CMRB overvalued?
See Fair Value and valuation analysisEarnings & Revenue
CMRB income statement (TTM) | |
---|---|
Revenue | US$45.90m |
Cost of Revenue | US$0 |
Gross Profit | US$45.90m |
Other Expenses | US$29.27m |
Earnings | US$16.64m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
Earnings per share (EPS) | 0.72 |
Gross Margin | 100.00% |
Net Profit Margin | 36.24% |
Debt/Equity Ratio | 0% |
How did CMRB perform over the long term?
See historical performance and comparisonValuation
Is CMRB undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
4/6Valuation Score 4/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
PEG Ratio
Key Valuation Metric
Which metric is best to use when looking at relative valuation for CMRB?
Other financial metrics that can be useful for relative valuation.
What is CMRB's n/a Ratio? | |
---|---|
n/a Ratio | 0x |
n/a | n/a |
Market Cap | US$152.25m |
Key Statistics | |
---|---|
Enterprise Value/Revenue | n/a |
Enterprise Value/EBITDA | n/a |
PEG Ratio | n/a |
Price to Earnings Ratio vs Peers
How does CMRB's PE Ratio compare to its peers?
CMRB PE Ratio vs Peers |
---|
Company | PE | Estimated Growth | Market Cap |
---|---|---|---|
Peer Average | 12x |
Price-To-Earnings vs Peers: CMRB is good value based on its Price-To-Earnings Ratio (9.2x) compared to the peer average (12x).
Price to Earnings Ratio vs Industry
How does CMRB's PE Ratio compare vs other companies in the U.S. Banks Industry?
Price-To-Earnings vs Industry: CMRB is good value based on its Price-To-Earnings Ratio (9.2x) compared to the US Banks industry average (9.6x)
Price to Earnings Ratio vs Fair Ratio
What is CMRB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
Fair Ratio | |
---|---|
Current PE Ratio | 9.2x |
Fair PE Ratio | n/a |
Price-To-Earnings vs Fair Ratio: Insufficient data to calculate CMRB's Price-To-Earnings Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of CMRB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: CMRB ($6.56) is trading below our estimate of fair value ($13.38)
Significantly Below Fair Value: CMRB is trading below fair value by more than 20%.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate CMRB's PEG Ratio to determine if it is good value.
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Future Growth
How is First Commerce Bank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
10.1%
Forecasted Banks industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as First Commerce Bank has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
Discover growth companies
- Examine whether First Commerce Bank is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
- While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access First Commerce Bank's filings and announcements here.
Past Performance
How has First Commerce Bank performed over the past 5 years?
Past Performance Score
5/6Past Performance Score 5/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
5.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: CMRB has high quality earnings.
Growing Profit Margin: CMRB's current net profit margins (36.2%) are higher than last year (32.3%).
Past Earnings Growth Analysis
Earnings Trend: CMRB's earnings have grown by 5.9% per year over the past 5 years.
Accelerating Growth: CMRB's earnings growth over the past year (37.6%) exceeds its 5-year average (5.9% per year).
Earnings vs Industry: CMRB earnings growth over the past year (37.6%) exceeded the Banks industry 20.7%.
Return on Equity
High ROE: CMRB's Return on Equity (9.5%) is considered low.
Discover strong past performing companies
Financial Health
How is First Commerce Bank's financial position? (This company is analysed differently as a bank or financial institution)
Financial Health Score
6/6Financial Health Score 6/6
Asset Level
Allowance for Bad Loans
Low Risk Liabilities
Loan Level
Low Risk Deposits
Level of Bad Loans
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: CMRB's Assets to Equity ratio (6.6x) is low.
Allowance for Bad Loans: CMRB has a sufficient allowance for bad loans (194%).
Low Risk Liabilities: 98% of CMRB's liabilities are made up of primarily low risk sources of funding.
Loan Level: CMRB has an appropriate level of Loans to Assets ratio (79%).
Low Risk Deposits: CMRB's Loans to Deposits ratio (95%) is appropriate.
Level of Bad Loans: CMRB has an appropriate level of bad loans (1%).
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Dividend
What is First Commerce Bank current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage
Dividend Yield vs Market
Notable Dividend: Unable to evaluate CMRB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate CMRB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if CMRB's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if CMRB's dividend payments have been increasing.
Current Payout to Shareholders
Earnings 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 CMRB's dividend in 3 years as they are not forecast to pay a notable one for the US market.
Discover strong dividend paying companies
Management
How experienced are the management team and are they aligned to shareholders interests?
1.1yrs
Average management tenure
CEO
Donald Mindiak (62 yo)
1.42yrs
Tenure
Mr. Donald Mindiak serves as President of First Commerce Bank since 2021 and serves as its Chief Executive Officer since March 11, 2022. He served as Chief Operating Officer of First Commerce Bank since 20...
Leadership Team
Experienced Management: CMRB's management team is not considered experienced ( 1.1 years average tenure), which suggests a new team.
Board Members
Experienced Board: CMRB's board of directors are seasoned and experienced ( 12.4 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Insufficient data to determine if shareholders have been diluted in the past year.
Top Shareholders
Company Information
First Commerce Bank's employee growth, exchange listings and data sources
Key Information
- Name: First Commerce Bank
- Ticker: CMRB
- Exchange: OTCPK
- Founded: 2006
- Industry: Regional Banks
- Sector: Banks
- Implied Market Cap: US$152.253m
- Shares outstanding: 23.21m
- Website: https://www.firstcommercebk.com
Location
- First Commerce Bank
- 105 River Avenue
- Lakewood
- New Jersey
- 8701
- United States
Listings
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2022/06/23 00:00 |
End of Day Share Price | 2022/06/17 00:00 |
Earnings | 2022/03/31 |
Annual Earnings | 2021/12/31 |
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.