OTCPK:FMBL

Stock Analysis Report

Farmers & Merchants Bank of Long Beach

Executive Summary

Farmers & Merchants Bank of Long Beach provides various banking products and services to individuals, professionals, and small to medium-sized businesses in California.

Snowflake

Fundamentals

Flawless balance sheet average dividend payer.


Similar Companies

Share Price & News

How has Farmers & Merchants Bank of Long Beach's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.9%

FMBL

2.9%

US Banks

0.07%

US Market


1 Year Return

-6.0%

FMBL

8.6%

US Banks

8.9%

US Market

Return vs Industry: FMBL underperformed the US Banks industry which returned 8.6% over the past year.

Return vs Market: FMBL underperformed the US Market which returned 8.9% over the past year.


Shareholder returns

FMBLIndustryMarket
7 Day-0.9%2.9%0.07%
30 Day2.3%3.4%-0.3%
90 Day-5.0%2.1%-1.6%
1 Year-4.4%-6.0%11.8%8.6%11.3%8.9%
3 Year31.5%25.4%54.8%44.1%46.3%36.8%
5 Year45.3%33.2%70.2%51.6%62.1%44.3%

Price Volatility Vs. Market

How volatile is Farmers & Merchants Bank of Long Beach's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Farmers & Merchants Bank of Long Beach undervalued compared to its fair value and its price relative to the market?

11.52x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FMBL ($7900) is trading above our estimate of fair value ($6279.16)

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


Price To Earnings Ratio

PE vs Industry: FMBL is good value based on its PE Ratio (11.5x) compared to the Banks industry average (12.6x).

PE vs Market: FMBL is good value based on its PE Ratio (11.5x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: FMBL is good value based on its PB Ratio (1x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Farmers & Merchants Bank of Long Beach forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

9.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FMBL's forecast earnings growth (9.3% per year) is above the savings rate (2.7%).

Earnings vs Market: FMBL's earnings (9.3% per year) are forecast to grow slower than the US market (14.5% per year).

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

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

High Growth Revenue: Insufficient data to determine if FMBL'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 FMBL's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Farmers & Merchants Bank of Long Beach performed over the past 5 years?

6.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: FMBL's earnings have grown by 6.5% per year over the past 5 years.

Accelerating Growth: FMBL's earnings growth over the past year (18.8%) exceeds its 5-year average (6.5% per year).

Earnings vs Industry: FMBL earnings growth over the past year (18.8%) underperformed the Banks industry 29.7%.


Return on Equity

High ROE: FMBL's Return on Equity (8.3%) is considered low.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is Farmers & Merchants Bank of Long Beach'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: FMBL has a low level of unsold assets or inventory.

Debt Coverage by Assets: FMBL's debt is not covered by short term assets (assets are 0.3x debt).


Financial Institutions Analysis

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

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

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

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

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

Level of Bad Loans: FMBL has an appropriate level of bad loans (0.44%)


Next Steps

Dividend

What is Farmers & Merchants Bank of Long Beach's current dividend yield, its reliability and sustainability?

1.68%

Current Dividend Yield


Dividend Yield vs Market

company1.7%marketbottom25%1.4%markettop25%3.7%industryaverage2.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: FMBL's dividend (1.68%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: FMBL's dividend (1.68%) is low compared to the top 25% of dividend payers in the US market (3.68%).

Stable Dividend: FMBL's dividends per share have been stable in the past 10 years.

Growing Dividend: FMBL's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (15.8%), FMBL'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 Farmers & Merchants Bank of Long Beach's salary, the management and board of directors tenure and is there insider trading?

7.4yrs

Average management tenure


CEO

Dan Walker (65yo)

7.8yrs

Tenure

US$808,438

Compensation

Mr. Daniel K. Walker, also known as Dan, has been the Chairman of Farmers & Merchants Bank of Long Beach since March 2003 and has been its Chief Executive Officer since May 2012. Mr. Walker serves as Presi ...


CEO Compensation Analysis

Compensation vs. Market: Dan's total compensation ($USD0.00) is too low to compare against companies of similar size in the US market ($USD2.67M).

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


Management Age and Tenure

7.4yrs

Average Tenure

Experienced Management: FMBL's management team is seasoned and experienced (7.4 years average tenure).


Board Age and Tenure

12.5yrs

Average Tenure

67.5yo

Average Age

Experienced Board: FMBL's board of directors are seasoned and experienced ( 12.5 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

  • John W. Hinrichs (80yo)

    Executive VP & CFO

    • Tenure: 19.8yrs
    • Compensation: US$594.39k
  • Dan Walker (65yo)

    Chairman & CEO

    • Tenure: 7.8yrs
    • Compensation: US$808.44k
  • Evan Pondel

    Investor Relations Contact

    • Tenure: 3.8yrs
  • W. Walker

    President

    • Tenure: 7.4yrs
    • Compensation: US$755.55k
  • Phil Sblendorio

    Senior VP & Regional Manager

    • Tenure: 0yrs
  • Jim Robison

    Senior VP & Branch Manager of Artesia

    • Tenure: 0yrs
  • Scott Dowds

    Senior VP & Branch Manager of Fullerton

    • Tenure: 0yrs
  • Bret Holloway

    Senior VP & Regional Manager of Tustin

    • Tenure: 0yrs
  • Rick Lange

    Senior Vice President

    • Tenure: 0yrs
  • Melissa Lanfre

    Executive VP & COO

    • Tenure: 6.8yrs
    • Compensation: US$384.15k

Board Members

  • Dan Walker (65yo)

    Chairman & CEO

    • Tenure: 7.8yrs
    • Compensation: US$808.44k
  • Richard Darling (77yo)

    Director

    • Tenure: 11.6yrs
    • Compensation: US$59.10k
  • Lawrence McLaughlin (66yo)

    Independent Director

    • Tenure: 29.8yrs
    • Compensation: US$58.00k
  • JoAnn Bourne (63yo)

    Director

    • Tenure: 0.8yrs
  • Timothy Wilson (69yo)

    Independent Director

    • Tenure: 14.6yrs
    • Compensation: US$63.90k
  • Walter Florie (76yo)

    Independent Director

    • Tenure: 12.5yrs
    • Compensation: US$57.00k
  • Christine Scheuneman

    Director

    • Tenure: 0.8yrs

Company Information

Farmers & Merchants Bank of Long Beach's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Farmers & Merchants Bank of Long Beach
  • Ticker: FMBL
  • Exchange: OTCPK
  • Founded: 1907
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$1.035b
  • Shares outstanding: 131.00k
  • Website: https://www.fmb.com

Number of Employees


Location

  • Farmers & Merchants Bank of Long Beach
  • 302 Pine Avenue
  • Long Beach
  • California
  • 90802
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FMBLOTCPK (Pink Sheets LLC)YesCommon StockUSUSDOct 1990

Biography

Farmers & Merchants Bank of Long Beach provides various banking products and services to individuals, professionals, and small to medium-sized businesses in California. The company’s products and services  ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 23:35
End of Day Share Price2019/10/22 00:00
Earnings2019/09/30
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.