OTCPK:FISB

Stock Analysis Report

Executive Summary

1st Capital Bank provides various banking products and services to businesses, professionals, real estate investors, family commercial entities, and individuals in the Central Coast region of California.

Snowflake

Fundamentals

Flawless balance sheet with proven track record.

Share Price & News

How has 1st Capital Bank's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.4%

FISB

1.7%

US Banks

1.3%

US Market


1 Year Return

-5.1%

FISB

0.3%

US Banks

5.9%

US Market

Return vs Industry: FISB underperformed the US Banks industry which returned 0.3% over the past year.

Return vs Market: FISB underperformed the US Market which returned 5.9% over the past year.


Shareholder returns

FISBIndustryMarket
7 Day-0.4%1.7%1.3%
30 Day-0.5%-2.4%-1.9%
90 Day-4.7%1.0%-1.8%
1 Year-5.1%-5.1%3.2%0.3%8.3%5.9%
3 Year58.1%58.1%52.1%41.7%45.6%36.2%
5 Year62.4%62.4%69.8%51.4%66.1%47.9%

Price Volatility Vs. Market

How volatile is 1st Capital Bank's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is 1st Capital Bank undervalued compared to its fair value and its price relative to the market?

11.45x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: FISB ($15.97) is trading above our estimate of fair value ($8.12)

Significantly Undervalued: FISB is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: FISB is good value based on its PE Ratio (11.5x) compared to the Banks industry average (12.5x).

PE vs Market: FISB is good value based on its PE Ratio (11.5x) compared to the US market (17.5x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: FISB is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is 1st Capital Bank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FISB's forecast earnings growth (6.3% per year) is above the savings rate (2.7%).

Earnings vs Market: FISB's earnings (6.3% per year) are forecast to grow slower than the US market (14.4% per year).

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

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

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


Earnings per Share Growth Forecasts


Future Return on Equity

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


Next Steps

Past Performance

How has 1st Capital Bank performed over the past 5 years?

26.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: FISB's earnings have grown significantly by 26.3% per year over the past 5 years.

Accelerating Growth: FISB's earnings growth over the past year (79.6%) exceeds its 5-year average (26.3% per year).

Earnings vs Industry: FISB earnings growth over the past year (79.6%) exceeded the Banks industry 31.8%.


Return on Equity

High ROE: FISB's Return on Equity (11.1%) is considered low.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is 1st Capital Bank'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: FISB has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if FISB's debt is covered by short term assets.


Financial Institutions Analysis

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

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

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

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

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

Level of Bad Loans: FISB has an appropriate level of bad loans (0.55%)


Next Steps

Dividend

What is 1st Capital Bank's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage3.1%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate FISB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate FISB's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if FISB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FISB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend 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 FISB's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of 1st Capital Bank's salary, the management and board of directors tenure and is there insider trading?

4.9yrs

Average management tenure


CEO

Tom Meyer (65yo)

4.2yrs

Tenure

US$595,562

Compensation

Mr. Thomas E. Meyer, also known as Tom, has been the Chief Executive Officer and President of 1st Capital Bank since August 10, 2015. Mr. Meyer served as the Chairman, President and Chief Executive Officer ...


CEO Compensation Analysis

Compensation vs. Market: Tom's total compensation ($USD595.56K) is about average for companies of similar size in the US market ($USD495.77K).

Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.


Management Age and Tenure

4.9yrs

Average Tenure

66yo

Average Age

Experienced Management: FISB's management team is considered experienced (4.9 years average tenure).


Board Age and Tenure

9.8yrs

Average Tenure

64yo

Average Age

Experienced Board: FISB's board of directors are considered experienced (9.8 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

  • Clay Larson (72yo)

    Director of Client Services

    • Tenure: 0yrs
  • Dale Diederick (69yo)

    Executive VP & Chief Credit Officer

    • Tenure: 6.5yrs
    • Compensation: US$352.37k
  • Anita Robinson (67yo)

    Market President for San Luis Obispo County

    • Tenure: 1.1yrs
  • Mike Winiarski (62yo)

    Executive VP

    • Tenure: 5.6yrs
    • Compensation: US$375.04k
  • Tom Meyer (65yo)

    President

    • Tenure: 4.2yrs
    • Compensation: US$595.56k
  • Jon Ditlevsen (63yo)

    Executive VP & Chief Lending Officer

    • Tenure: 6.3yrs
    • Compensation: US$373.40k
  • Stuart Tripp

    Regional President of Monterey

    • Tenure: 5.8yrs
  • Phil Morreale

    Senior VP & Managing Director of San Luis Obispo County Market

    • Tenure: 0.8yrs
  • Dean Austin

    Senior VP & Managing Director of Santa Cruz Region

    • Tenure: 0.4yrs

Board Members

  • Kurt Gollnick (60yo)

    Independent Chairman of the Board

    • Tenure: 13.8yrs
    • Compensation: US$72.21k
  • McKenzie Moss (89yo)

    Director Emeritus

    • Tenure: 7.2yrs
  • Francis Giudici (63yo)

    Independent Director

    • Tenure: 6.2yrs
    • Compensation: US$48.14k
  • Susan Freeland (74yo)

    Independent Director

    • Tenure: 13.8yrs
    • Compensation: US$48.14k
  • Dan Hightower (64yo)

    Independent Vice Chairman of the Board

    • Tenure: 0yrs
    • Compensation: US$48.14k
  • Greg Thelen (64yo)

    Independent Director

    • Tenure: 13.8yrs
    • Compensation: US$48.14k
  • Tom Meyer (65yo)

    President

    • Tenure: 4.2yrs
    • Compensation: US$595.56k
  • Henry Ruhnke (56yo)

    Independent Director

    • Tenure: 9.5yrs
    • Compensation: US$48.14k
  • F. Wayland (74yo)

    Independent Director

    • Tenure: 10yrs
    • Compensation: US$48.14k

Company Information

1st Capital Bank's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: 1st Capital Bank
  • Ticker: FISB
  • Exchange: OTCPK
  • Founded: 2007
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$82.002m
  • Shares outstanding: 5.13m
  • Website: https://www.1stcapital.bank

Number of Employees


Location

  • 1st Capital Bank
  • Taylor Building
  • Suite 150
  • Salinas
  • California
  • 93901
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FISBOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJun 2007

Biography

1st Capital Bank provides various banking products and services to businesses, professionals, real estate investors, family commercial entities, and individuals in the Central Coast region of California. I ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 23:56
End of Day Share Price2019/10/14 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.