OTCPK:FCIT

Stock Analysis Report

First Citrus Bancorporation

Executive Summary

First Citrus Bancorporation, Inc. operates as the bank holding company for First Citrus Bank that offers various community banking services to individual and corporate customers.

Snowflake

Fundamentals

Adequate balance sheet with acceptable track record.

Risks

  • First Citrus Bancorporation is not covered by any analysts.

Share Price & News

How has First Citrus Bancorporation's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.1%

OTCPK:FCIT

2.4%

US Banks

2.9%

US Market


1 Year Return

-3.7%

OTCPK:FCIT

-14.8%

US Banks

0.2%

US Market

FCIT outperformed the Banks industry which returned -15.3% over the past year.

FCIT underperformed the Market in United States of America which returned -0.7% over the past year.


Share holder returns

FCITIndustryMarket
7 Day1.1%2.4%2.9%
30 Day0.9%-6.3%-2.3%
90 Day3.3%-2.1%3.1%
1 Year-2.7%-3.7%-12.4%-14.8%2.4%0.2%
3 Year131.5%125.6%41.7%32.0%41.7%32.4%
5 Year254.0%245.0%52.2%35.7%55.1%37.9%

Price Volatility Vs. Market

How volatile is First Citrus Bancorporation's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is First Citrus Bancorporation undervalued based on future cash flows and its price relative to the stock market?

12.34x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

First Citrus Bancorporation's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

First Citrus Bancorporation's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

First Citrus Bancorporation is overvalued based on earnings compared to the US Banks industry average.

First Citrus Bancorporation is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for First Citrus Bancorporation, we can't assess if its growth is good value.


Price Based on Value of Assets

First Citrus Bancorporation is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is First Citrus Bancorporation expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

5.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if First Citrus Bancorporation is high growth as no revenue estimate data is available.

First Citrus Bancorporation's earnings are expected to grow by 5% yearly, however this is not considered high growth (20% yearly).

Unable to compare First Citrus Bancorporation's revenue growth to the United States of America market average as no estimate data is available.

First Citrus Bancorporation's earnings growth is positive but not above the United States of America market average.

First Citrus Bancorporation's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if First Citrus Bancorporation will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has First Citrus Bancorporation performed over the past 5 years?

39.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

First Citrus Bancorporation has delivered over 20% year on year earnings growth in the past 5 years.

First Citrus Bancorporation's 1-year earnings growth is less than its 5-year average (35.3% vs 39.4%)

First Citrus Bancorporation's earnings growth has exceeded the US Banks industry average in the past year (35.3% vs 33.2%).


Return on Equity

First Citrus Bancorporation has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

First Citrus Bancorporation used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if First Citrus Bancorporation improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is First Citrus Bancorporation'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

Information is not available.

Information is not available.


Financial Institutions Analysis

First Citrus Bancorporation has an acceptable proportion of non-loan assets held.

Unable to establish if First Citrus Bancorporation has a sufficient allowance for bad loans without relevant financial data.

First Citrus Bancorporation's liabilities are made up of primarily low risk sources of funding.

First Citrus Bancorporation's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).

Loans at First Citrus Bancorporation are broadly funded by customer deposits.

Unable to establish if First Citrus Bancorporation has an acceptable level of bad loans without bad loans data.


Next Steps

Dividend

What is First Citrus Bancorporation's current dividend yield, its reliability and sustainability?

0.94%

Current Dividend Yield


Dividend Yield and Payments Analysis

First Citrus Bancorporation's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

First Citrus Bancorporation's dividend is below the markets top 25% of dividend payers in United States of America (3.85%).

Whilst dividend payments have been stable, First Citrus Bancorporation has been paying a dividend for less than 10 years.

Dividend payments have increased, but First Citrus Bancorporation only paid a dividend in the past 2 years.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as First Citrus Bancorporation has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of First Citrus Bancorporation's salary, the management and board of directors tenure and is there insider trading?

2.0yrs

Average board tenure


CEO

Jack Barrett (56yo)

21.4yrs

Tenure

0

Mr. John M. Barrett, also known as Jack, has been the Chief Executive Officer and President of First Citrus Bancorporation, Inc. since March 1998. He serves as the Chief Executive Officer, President and Di ...


Board Age and Tenure

2.0yrs

Average Tenure

56yo

Average Age

The average tenure for the First Citrus Bancorporation board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Jack Barrett (56yo)

    President

    • Tenure: 21.4yrs
  • John Linton (54yo)

    Executive VP

    • Tenure: 10.6yrs
  • Jessica Hornof

    Executive Vice President & Chief Retail Banking Officer

    • Tenure: 0.0yrs
  • David Mastrorio (53yo)

    Executive VP & Chief Lending Officer

    • Tenure: 0.0yrs
  • JoEllen Henderson

    Senior VP & Chief Credit Officer

    • Tenure: 0.0yrs
  • Marc Baumann

    Senior VP & Business Banker

    • Tenure: 0.0yrs
  • Nancy Gordon

    Senior VP & Business Development Manager

    • Tenure: 0.0yrs
  • Janet Plummer

    Senior VP & SBA Loan Specialist

    • Tenure: 0.0yrs
  • Bill Amoriello

    Senior VP & Business Banker

    • Tenure: 0.0yrs

Board Members

  • J. Moyer (71yo)

    Director

    • Tenure: 0.0yrs
  • Bob Beard

    Director

    • Tenure: 2.0yrs
  • Michael Adcock

    Chairman of the Board

    • Tenure: 0.0yrs
  • C. Adams

    Director

    • Tenure: 0.0yrs
  • Jack Barrett (56yo)

    President

    • Tenure: 21.4yrs
  • James Hatton

    Director

    • Tenure: 0.0yrs
  • Rodney Horton

    Director

    • Tenure: 0.0yrs
  • John Linton (54yo)

    Executive VP

    • Tenure: 10.6yrs
  • Gerald Kolar

    Director

    • Tenure: 0.0yrs
  • Sharon Danco

    Director

    • Tenure: 1.4yrs

Company Information

First Citrus Bancorporation, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: First Citrus Bancorporation, Inc.
  • Ticker: FCIT
  • Exchange: OTCPK
  • Founded: 1999
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$53.882m
  • Shares outstanding: 2.03m
  • Website: https://www.firstcitrus.com

Location

  • First Citrus Bancorporation, Inc.
  • 10824 North Dale Mabry Highway
  • Tampa
  • Florida
  • 33618
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FCITOTCPK (Pink Sheets LLC)YesCommon StockUSUSDOct 2013

Biography

First Citrus Bancorporation, Inc. operates as the bank holding company for First Citrus Bank that offers various community banking services to individual and corporate customers. The company provides perso ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/22 00:34
End of Day Share Price2019/08/20 00:00
Earnings2019/06/30
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.