Cornerstone Bancorp Past Earnings Performance
Past criteria checks 2/6
Cornerstone Bancorp has been growing earnings at an average annual rate of 15.2%, while the Banks industry saw earnings growing at 9.7% annually. Revenues have been growing at an average rate of 9.7% per year. Cornerstone Bancorp's return on equity is 16.4%, and it has net margins of 26%.
Key information
15.2%
Earnings growth rate
11.0%
EPS growth rate
| Banks Industry Growth | 11.2% |
| Revenue growth rate | 9.7% |
| Return on equity | 16.4% |
| Net Margin | 26.0% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
No updates
Recent updates
Revenue & Expenses BreakdownBeta
How Cornerstone 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 Mar 24 | 39 | 10 | 0 | 0 |
| 31 Dec 23 | 39 | 11 | 0 | 0 |
| 30 Jun 23 | 41 | 12 | 20 | 0 |
| 31 Mar 23 | 40 | 12 | 20 | 0 |
| 31 Dec 22 | 38 | 10 | 20 | 0 |
| 30 Jun 22 | 35 | 9 | 20 | 0 |
| 31 Mar 22 | 36 | 9 | 20 | 0 |
| 31 Dec 21 | 37 | 10 | 20 | 0 |
| 30 Sep 21 | 38 | 10 | 19 | 0 |
| 30 Jun 21 | 38 | 9 | 19 | 0 |
| 31 Mar 21 | 38 | 10 | 0 | 0 |
| 31 Dec 20 | 36 | 8 | 19 | 0 |
| 30 Sep 20 | 33 | 7 | 17 | 0 |
| 30 Jun 20 | 30 | 6 | 17 | 0 |
| 31 Mar 20 | 27 | 5 | 17 | 0 |
| 31 Dec 19 | 26 | 5 | 17 | 0 |
| 30 Sep 19 | 25 | 5 | 7 | 0 |
| 30 Jun 19 | 25 | 6 | 14 | 0 |
| 31 Mar 19 | 25 | 6 | 14 | 0 |
| 31 Dec 18 | 25 | 7 | 14 | 0 |
| 31 Dec 17 | 22 | 4 | 12 | 0 |
Quality Earnings: CNBP has high quality earnings.
Growing Profit Margin: CNBP's current net profit margins (26%) are lower than last year (29.5%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: CNBP's earnings have grown by 15.2% per year over the past 5 years.
Accelerating Growth: CNBP's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: CNBP had negative earnings growth (-15.1%) over the past year, making it difficult to compare to the Banks industry average (-12.4%).
Return on Equity
High ROE: CNBP's Return on Equity (16.4%) is considered low.