OTCPK:FBVI

Stock Analysis Report

Executive Summary

FCN Banc Corp. operates as the bank holding company for FCN Bank, NA that provides personal and commercial banking services in southeast Indiana and southwest Ohio.

Snowflake

Fundamentals

Flawless balance sheet with proven track record.

Share Price & News

How has FCN Banc's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.3%

FBVI

4.1%

US Banks

1.0%

US Market


1 Year Return

n/a

FBVI

7.2%

US Banks

8.0%

US Market

Return vs Industry: Insufficient data to determine how FBVI performed against the US Banks industry.

Return vs Market: Insufficient data to determine how FBVI performed against the US Market.


Shareholder returns

FBVIIndustryMarket
7 Day1.3%4.1%1.0%
30 Day6.7%2.8%-0.07%
90 Dayn/a2.9%-1.0%
1 Yearn/a10.3%7.2%10.4%8.0%
3 Yearn/a53.9%43.3%46.2%36.7%
5 Year73.6%43.1%71.9%53.1%64.3%46.2%

Price Volatility Vs. Market

How volatile is FCN Banc's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is FCN Banc undervalued compared to its fair value and its price relative to the market?

10.42x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FBVI ($40) is trading above our estimate of fair value ($38.22)

Significantly Below Fair Value: FBVI is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: FBVI is good value based on its PE Ratio (10.4x) compared to the Banks industry average (12.6x).

PE vs Market: FBVI is good value based on its PE Ratio (10.4x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FBVI's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FBVI is overvalued based on its PB Ratio (1.2x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is FCN Banc forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

1.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FBVI's forecast earnings growth (1.8% per year) is below the savings rate (2.7%).

Earnings vs Market: FBVI's earnings (1.8% per year) are forecast to grow slower than the US market (14.5% per year).

High Growth Earnings: FBVI's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if FBVI's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if FBVI's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if FBVI's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has FCN Banc performed over the past 5 years?

10.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: FBVI's earnings have grown by 10.9% per year over the past 5 years.

Accelerating Growth: FBVI's earnings growth over the past year (44.3%) exceeds its 5-year average (10.9% per year).

Earnings vs Industry: FBVI earnings growth over the past year (44.3%) exceeded the Banks industry 30.1%.


Return on Equity

High ROE: FBVI's Return on Equity (11.7%) is considered low.


Return on Assets

ROA vs Industry: FBVI has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate FBVI's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is FCN Banc'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: FBVI has a low level of unsold assets or inventory.

Debt Coverage by Assets: FBVI's debt is covered by short term assets (assets are 2.398540x debt).


Financial Institutions Analysis

Asset Level: FBVI's level of assets compared to its equity is low.

Allowance for Bad Loans: FBVI has a sufficient allowance for bad loans.

Low Risk Liabilities: FBVI's liabilities are made up of primarily low risk sources of funding.

Loan Level: FBVI has an acceptable proportion of non-loan assets held.

Low Risk Deposits: FBVI's loans are broadly funded by customer deposits.

Level of Bad Loans: FBVI has an appropriate level of bad loans (0.43%)


Next Steps

Dividend

What is FCN Banc's current dividend yield, its reliability and sustainability?

3.05%

Current Dividend Yield


Dividend Yield vs Market

company3.1%marketbottom25%1.4%markettop25%3.7%industryaverage3.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: FBVI's dividend (3.05%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: FBVI's dividend (3.05%) is low compared to the top 25% of dividend payers in the US market (3.68%).

Stable Dividend: Whilst dividend payments have been stable, FBVI has been paying a dividend for less than 10 years.

Growing Dividend: FBVI's dividend payments have increased, but the company has only paid a dividend for 6 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (31.8%), FBVI's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of FCN Banc's salary, the management and board of directors tenure and is there insider trading?

2.8yrs

Average management tenure


CEO

Tom Horninger 0

2.8yrs

Tenure

0

Mr. Thomas D. Horninger, also Known as Tom, has been the Chief Executive Officer and President of FCN Banc Corp. and its subsidiary FCN Bank, National Association since January 1, 2017. Mr. Horninger serve ...


Management Age and Tenure

2.8yrs

Average Tenure

Experienced Management: FBVI's management team is considered experienced (2.8 years average tenure).


Board Age and Tenure

9.3yrs

Average Tenure

Experienced Board: FBVI's board of directors are considered experienced (9.3 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.


Ownership Breakdown


Management Team

  • Jim Clark

    Senior VP

    • Tenure: 15.8yrs
  • Tom Horninger

    President

    • Tenure: 2.8yrs
  • April Berne

    CFO & Treasurer

    • Tenure: 0yrs
  • Jake Linkel

    Chief Retail Officer & Batesville Office Manager of FCN Bank

    • Tenure: 2.6yrs
  • Kimberly Johnson

    Vice President

    • Tenure: 0yrs
  • Jon Schuck

    Vice President

    • Tenure: 0yrs
  • Roger Potraffke

    Chief Lending Officer of FCN Bank

    • Tenure: 0yrs
  • James Suhre

    Marketing Director

    • Tenure: 0yrs

Board Members

  • Edwin Roberts

    Director Emeritus

    • Tenure: 0yrs
  • Donald Smith

    Director Emeritus

    • Tenure: 0yrs
  • Art Hildebrand

    Director

    • Tenure: 13.8yrs
  • Kenneth Wanstrath

    Chairman of the Board

    • Tenure: 5.8yrs
  • Ronald Knueven

    Director

    • Tenure: 15.3yrs
  • Devin Listerman

    Director

    • Tenure: 5.8yrs
  • Kevin Lyons

    Director

    • Tenure: 9.3yrs
  • Brad Tebbe

    Director

    • Tenure: 9.3yrs
  • Tom Horninger

    President

    • Tenure: 2.8yrs
  • Kevin Yaryan

    Director

    • Tenure: 2.2yrs

Company Information

FCN Banc Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: FCN Banc Corp.
  • Ticker: FBVI
  • Exchange: OTCPK
  • Founded: 1984
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$59.807m
  • Shares outstanding: 1.50m
  • Website: https://www.fcnbank.com

Location

  • FCN Banc Corp.
  • 501 Main Street
  • PO Box 37
  • Brookville
  • Indiana
  • 47012
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FBVIOTCPK (Pink Sheets LLC)YesCommon StockUSUSDFeb 2006

Biography

FCN Banc Corp. operates as the bank holding company for FCN Bank, NA that provides personal and commercial banking services in southeast Indiana and southwest Ohio. The company’s products and services incl ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 00:00
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.