First Commerce Bank
Market Cap
US$128.9m
Last Updated
2019/10/19 00:27 UTC
Data Sources
Company Financials
Executive Summary
First Commerce Bank provides various banking products and services to small and medium-sized businesses, professional entities, governmental agencies, and individuals.
Snowflake
Fundamentals
Good value with adequate balance sheet.
Similar Companies
Share Price & News
How has First Commerce Bank's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
-0.4%
CMRB
2.7%
US Banks
0.4%
US Market
1 Year Return
-19.8%
CMRB
2.7%
US Banks
6.9%
US Market
Return vs Industry: CMRB underperformed the US Banks industry which returned 2.7% over the past year.
Return vs Market: CMRB underperformed the US Market which returned 6.9% over the past year.
Shareholder returns
| CMRB | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.4% | 2.7% | 0.4% |
| 30 Day | 0% | 0.2% | -1.2% |
| 90 Day | -3.4% | 2.9% | -0.4% |
| 1 Year | -19.8%-19.8% | 5.7%2.7% | 9.3%6.9% |
| 3 Year | n/a | 52.1%41.6% | 45.8%36.4% |
| 5 Year | n/a | 69.2%50.7% | 62.9%45.1% |
Price Volatility Vs. Market
How volatile is First Commerce Bank's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is First Commerce Bank undervalued compared to its fair value and its price relative to the market?
34.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: CMRB ($5.7) is trading below our estimate of fair value ($8.64)
Significantly Undervalued: CMRB is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: CMRB is good value based on its PE Ratio (10x) compared to the Banks industry average (12.6x).
PE vs Market: CMRB is good value based on its PE Ratio (10x) compared to the US market (17.6x).
Price to Earnings Growth Ratio
Low PEG Ratio: Insufficient data to calculate CMRB's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: CMRB is good value based on its PB Ratio (1x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is First Commerce Bank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
6.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: CMRB's forecast earnings growth (6.9% per year) is above the savings rate (2.7%).
Earnings vs Market: CMRB's earnings (6.9% per year) are forecast to grow slower than the US market (14.5% per year).
High Growth Earnings: CMRB's earnings are forecast to grow, but not significantly.
Revenue vs Market: Insufficient data to determine if CMRB's revenue is forecast to grow faster than the US market.
High Growth Revenue: Insufficient data to determine if CMRB's revenue is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: Insufficient data to determine if CMRB's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has First Commerce Bank performed over the past 5 years?
25.1%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: CMRB's earnings have grown significantly by 25.1% 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 (-5%) over the past year, making it difficult to compare to the Banks industry average (29.6%).
Return on Equity
High ROE: CMRB's Return on Equity (9.8%) is considered low.
Return on Assets
ROA vs Industry: CMRB has a higher Return on Assets than the Banks industry average last year.
Return on Capital Employed
ROCE Improving: Insufficient data to calculate CMRB's Return on Capital Employed to determine if it has improved over the past 3 years.
Next Steps
Financial Health
How is First Commerce Bank'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: CMRB has a low level of unsold assets or inventory.
Debt Coverage by Assets: Insufficient data to determine if CMRB's debt is covered by short term assets.
Financial Institutions Analysis
Asset Level: CMRB's level of assets compared to its equity is low.
Allowance for Bad Loans: CMRB has a low allowance for bad loans.
Low Risk Liabilities: CMRB's liabilities are made up of primarily low risk sources of funding.
Loan Level: CMRB has an acceptable proportion of non-loan assets held.
Low Risk Deposits: CMRB's loans are broadly funded by customer deposits.
Level of Bad Loans: CMRB has a high level of bad loans (4.81%)
Next Steps
Dividend
What is First Commerce Bank's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: Unable to evaluate CMRB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate CMRB'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 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
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 CMRB'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 First Commerce Bank's salary, the management and board of directors tenure and is there insider trading?
1.7yrs
Average management tenure
CEO
Donald Mindiak (60yo)
0.8yrs
Tenure
Mr. Donald Mindiak has been President, Chief Executive Officer and Director at First Commerce Bank since January 2019. He was Executive Vice President of BCB Community Bank and Chief Executive Officer and ...
Management Age and Tenure
1.7yrs
Average Tenure
70yo
Average Age
Experienced Management: CMRB's management team is not considered experienced ( 1.7 years average tenure), which suggests a new team.
Board Age and Tenure
9.8yrs
Average Tenure
67yo
Average Age
Experienced Board: CMRB's board of directors are considered experienced (9.8 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.
Management Team
Donald Mindiak (60yo)
President
- Tenure: 0.8yrs
Ira Hoberman (72yo)
Executive Chairman
- Tenure: 0.8yrs
Peggy Sepp
Executive VP & Chief Risk Officer/IT
- Tenure: 1.7yrs
Parwinder Virk
Senior VP & CFO
- Tenure: 4.8yrs
Cheryl Gertner
Assistant Corporate Secretary & Investor Relations
- Tenure: 1.8yrs
Eli Rennert
Senior VP of Loan Administration & CRA Officer
- Tenure: 0yrs
Abraham Penzer (70yo)
Corporate Secretary & Director
- Tenure: 9.8yrs
Mary Malec
Senior Vice President of Human Resources
- Tenure: 0yrs
Tonia Thompson
Senior VP
- Tenure: 0yrs
April Huchko
Senior Vice President of Retail Banking Group
- Tenure: 1.8yrs
Board Members
Donald Mindiak (60yo)
President
- Tenure: 0.8yrs
Ira Hoberman (72yo)
Executive Chairman
- Tenure: 0.8yrs
Gershon Biegeleisen (68yo)
Director
- Tenure: 9.8yrs
Jack Aaronson (71yo)
Vice Chairman of the Board
- Tenure: 0yrs
Eliezer Weinman (55yo)
Assistant Corporate Secretary & Director
- Tenure: 9.8yrs
Charles Stults (66yo)
Lead Director
- Tenure: 0yrs
Thomas Bovino (55yo)
Director
- Tenure: 9.8yrs
Abraham Penzer (70yo)
Corporate Secretary & Director
- Tenure: 9.8yrs
Benedict Romeo
Director
- Tenure: 0yrs
Karen L. Kitzis
Director
- Tenure: 0yrs
Company Information
First Commerce Bank's company bio, employee growth, exchange listings and data sources
Key Information
- Name: First Commerce Bank
- Ticker: CMRB
- Exchange: OTCPK
- Founded: 2006
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$128.888m
- Shares outstanding: 22.61m
- Website: https://www.firstcommercebk.com
Location
- First Commerce Bank
- 105 River Avenue
- Lakewood
- New Jersey
- 8701
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| CMRB | OTCPK (Pink Sheets LLC) | Yes | Common Stock | US | USD | Apr 2017 |
Biography
First Commerce Bank provides various banking products and services to small and medium-sized businesses, professional entities, governmental agencies, and individuals. Its business banking products and ser ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/19 00:27 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2018/12/31 |
| Annual Earnings | 2018/12/31 |
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.