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CMRB

First Commerce Bank OTCPK:CMRB Stock Report

Last Price

US$6.56

Market Cap

US$152.3m

7D

0.08%

1Y

19.3%

Updated

23 Jun, 2022

Data

Company Financials
CMRB fundamental analysis
Snowflake Score
Valuation4/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends0/6

CMRB Stock Overview

First Commerce Bank provides various banking products and services to small and medium-sized businesses, professional entities, and individuals.

Rewards

Trading at 51% below our estimate of its fair value

Earnings grew by 37.6% over the past year

Risk Analysis

No risks detected for CMRB from our risk checks.

First Commerce Bank Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for First Commerce Bank
Historical stock prices
Current Share PriceUS$6.56
52 Week HighUS$6.70
52 Week LowUS$5.35
Beta0.50
1 Month Change0.15%
3 Month Change0.92%
1 Year Change19.27%
3 Year Change11.19%
5 Year Change26.15%
Change since IPO0.92%

Recent News & Updates

Shareholder Returns

CMRBUS BanksUS Market
7D0.08%0.3%-0.9%
1Y19.3%-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

Is CMRB's price volatile compared to industry and market?
CMRB volatility
CMRB Average Weekly Movement1.4%
Banks Industry Average Movement3.8%
Market Average Movement7.9%
10% most volatile stocks in US Market16.5%
10% least volatile stocks in US Market3.1%

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

FoundedEmployeesCEOWebsite
2006n/aDonald Mindiakhttps://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

How do First Commerce Bank's earnings and revenue compare to its market cap?
CMRB fundamental statistics
Market CapUS$152.25m
Earnings (TTM)US$16.64m
Revenue (TTM)US$45.90m

9.2x

P/E Ratio

0.9x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CMRB income statement (TTM)
RevenueUS$45.90m
Cost of RevenueUS$0
Gross ProfitUS$45.90m
Other ExpensesUS$29.27m
EarningsUS$16.64m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.72
Gross Margin100.00%
Net Profit Margin36.24%
Debt/Equity Ratio0%

How did CMRB perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is CMRB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation 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.

CMRB key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

How does CMRB's PE Ratio compare to its peers?

CMRB PE Ratio vs Peers
The above table shows the PE ratio for CMRB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average12x

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.

CMRB PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.2x
Fair PE Ration/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

0/6

Future 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

5/6

Past 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

6/6

Financial 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

0/6

Dividend 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/23 00:00
End of Day Share Price2022/06/17 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.