EFIN Stock Overview

Operates as the bank holding company for Eastern Michigan Bank that provides retail and commercial banking services to individuals and businesses in Michigan. More details

EFIN fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	5/6
Financial Health	6/6
Dividends	3/6

Rewards

Trading at 49.9% below our estimate of its fair value

Earnings grew by 11.4% over the past year

Risk Analysis

Does not have a meaningful market cap ($46M)

Unstable dividend track record

My Notes

Capture your thoughts, links and company narrative

Eastern Michigan Financial Corporation Competitors

Home Loan Financial

OTCPK:HLFN

US$45.4m

First Resource Bancorp

OTCPK:FRSB

US$47.0m

Partners Bank of California

OTCPK:PBKX

US$44.3m

Brunswick Bancorp

OTCPK:BRBW

US$45.5m

Price History & Performance

Summary of share price highs, lows and changes for Eastern Michigan Financial
Historical stock prices
Current Share Price	US$36.01
52 Week High	US$37.00
52 Week Low	US$25.00
Beta	0.50
1 Month Change	1.69%
3 Month Change	13.96%
1 Year Change	41.22%
3 Year Change	4.38%
5 Year Change	18.88%
Change since IPO	71.48%

Recent News & Updates

No updates

Recent updates

No updates

Shareholder Returns

	EFIN	US Banks	US Market
7D	1.4%	-3.4%	-2.4%
1Y	41.2%	29.1%	23.4%

Return vs Industry: EFIN exceeded the US Banks industry which returned 29.1% over the past year.

Return vs Market: EFIN exceeded the US Market which returned 23.4% over the past year.

Price Volatility

Is EFIN's price volatile compared to industry and market?
EFIN volatility
EFIN Average Weekly Movement	n/a
Banks Industry Average Movement	5.2%
Market Average Movement	6.3%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	3.1%

Stable Share Price: Data is not available.

Volatility Over Time: Insufficient data to determine EFIN's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1895	n/a	Will Oldford	www.emb.bank

Eastern Michigan Financial Corporation operates as the bank holding company for Eastern Michigan Bank that provides retail and commercial banking services to individuals and businesses in Michigan. The company offers checking and savings accounts, individual retirement accounts, time deposits, and certificates of deposit. It also provides home equity lines of credit, home equity term loans, automobile and truck loans, home mortgage loans, and student loans, as well as RV, motorcycle, snowmobile, jet ski, boat, and ATV loans; equipment financing and loans, vehicle loans, working capital lines of credit, multi-family dwelling loans, commercial real estate loans, construction and land development loans, and small business association loans; and machinery, farm, construction, livestock, FSA guaranteed, and long term fixed rates loans.

Eastern Michigan Financial Corporation Fundamentals Summary

How do Eastern Michigan Financial's earnings and revenue compare to its market cap?
EFIN fundamental statistics
Market cap	US$45.92m
Earnings (TTM)	US$6.50m
Revenue (TTM)	US$20.53m

7.1x

P/E Ratio

0.9x

P/B Ratio

Is EFIN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
EFIN income statement (TTM)
Revenue	US$20.53m
Cost of Revenue	US$0
Gross Profit	US$20.53m
Other Expenses	US$14.03m
Earnings	US$6.50m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	5.09
Gross Margin	100.00%
Net Profit Margin	31.65%
Debt/Equity Ratio	0%

How did EFIN perform over the long term?

See historical performance and comparison

Dividends

4.4%

Current Dividend Yield

31%

Payout Ratio

Does EFIN pay a reliable dividends?

See EFIN dividend history and benchmarks

When do you need to buy EFIN by to receive an upcoming dividend?
Eastern Michigan Financial dividend dates
Ex Dividend Date	Dec 24 2024
Dividend Pay Date	Dec 31 2024
Days until Ex dividend	2 days
Days until Dividend pay date	9 days

Does EFIN pay a reliable dividends?

See EFIN dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 06:23
End of Day Share Price	2024/12/18 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Eastern Michigan Financial Corporation is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution