OTCPK:CMRB

Stock Analysis Report

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

CMRBIndustryMarket
7 Day-0.4%2.7%0.4%
30 Day0%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 Yearn/a52.1%41.6%45.8%36.4%
5 Yearn/a69.2%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

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 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

0

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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CMRBOTCPK (Pink Sheets LLC)YesCommon StockUSUSDApr 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 00:27
End of Day Share Price2019/10/18 00:00
Earnings2018/12/31
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.