OTCPK:FNBT

Stock Analysis Report

Executive Summary

FineMark Holdings, Inc., through its subsidiary, FineMark National Bank & Trust, provides personal and business banking, lending, wealth management, and trust services in Lee, Collier and Palm Beach County, Florida, Maricopa County, Arizona, and Berkeley County, South Carolina.

Snowflake

Fundamentals

Flawless balance sheet and overvalued.

Share Price & News

How has FineMark Holdings's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.4%

FNBT

4.1%

US Banks

1.0%

US Market


1 Year Return

n/a

FNBT

7.2%

US Banks

8.0%

US Market

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

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


Shareholder returns

FNBTIndustryMarket
7 Day-0.4%4.1%1.0%
30 Day-0.4%2.8%-0.07%
90 Day-1.0%2.9%-1.0%
1 Yearn/a10.3%7.2%10.4%8.0%
3 Yearn/a53.9%43.3%46.2%36.7%
5 Yearn/a71.9%53.1%64.3%46.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is FineMark Holdings undervalued compared to its fair value and its price relative to the market?

14.71x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FNBT ($25) is trading above our estimate of fair value ($14.1)

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


Price To Earnings Ratio

PE vs Industry: FNBT is poor value based on its PE Ratio (14.7x) compared to the Banks industry average (12.6x).

PE vs Market: FNBT is good value based on its PE Ratio (14.7x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

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


Next Steps

Future Growth

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

9.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FNBT's forecast earnings growth (9.4% per year) is above the savings rate (2.7%).

Earnings vs Market: FNBT's earnings (9.4% per year) are forecast to grow slower than the US market (14.5% per year).

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

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

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


Next Steps

Past Performance

How has FineMark Holdings performed over the past 5 years?

23.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: FNBT's earnings have grown significantly by 23.1% per year over the past 5 years.

Accelerating Growth: FNBT's earnings growth over the past year (18.4%) is below its 5-year average (23.1% per year).

Earnings vs Industry: FNBT earnings growth over the past year (18.4%) underperformed the Banks industry 30.1%.


Return on Equity

High ROE: FNBT's Return on Equity (8.6%) is considered low.


Return on Assets

ROA vs Industry: FNBT's Return on Assets is below or equal to the Banks industry average last year.


Return on Capital Employed

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


Next Steps

Financial Health

How is FineMark Holdings'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: FNBT has a low level of unsold assets or inventory.

Debt Coverage by Assets: FNBT's debt is not covered by short term assets (assets are 0.5x debt).


Financial Institutions Analysis

Asset Level: FNBT's level of assets compared to its equity is moderate.

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

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

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

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

Level of Bad Loans: FNBT has an appropriate level of bad loans (0.1%)


Next Steps

Dividend

What is FineMark Holdings's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage3.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

High Dividend: Unable to evaluate FNBT'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 FNBT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FNBT'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 FNBT'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 FineMark Holdings's salary, the management and board of directors tenure and is there insider trading?

13.8yrs

Average board tenure


CEO

Joe Catti (62yo)

0yrs

Tenure

0

Mr. Joseph R. Catti is President and CEO of FineMark National Bank & Trust and FineMark Holdings, Inc. Mr. Catti is a graduate of Florida International University. He serves on the boards of Canterbury Sch ...


Board Age and Tenure

13.8yrs

Average Tenure

67yo

Average Age

Experienced Board: FNBT's board of directors are seasoned and experienced ( 13.8 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

  • Joe Catti (62yo)

    President

    • Tenure: 0yrs
  • Brian Eagleston (54yo)

    Executive VP

    • Tenure: 12.8yrs
  • Robert Arnall (57yo)

    Executive VP & SLO

    • Tenure: 0yrs

Board Members

  • Scott Edmonds (61yo)

    Vice Chairman of the Board

    • Tenure: 0yrs
  • Edward Beimfohr (86yo)

    Director

    • Tenure: 9.8yrs
  • David Lucas (71yo)

    Chairman of the Board

    • Tenure: 0yrs
  • Joe Catti (62yo)

    President

    • Tenure: 0yrs
  • Brian Eagleston (54yo)

    Executive VP

    • Tenure: 12.8yrs
  • Richard Beightol

    Director

    • Tenure: 11.8yrs
  • Aurelia Bell (70yo)

    Director

    • Tenure: 13.8yrs
  • Michael Carron (69yo)

    Director

    • Tenure: 13.8yrs
  • Thomas Case (67yo)

    Director

    • Tenure: 13.8yrs
  • Tracey Galloway (47yo)

    Director

    • Tenure: 13.8yrs

Company Information

FineMark Holdings, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: FineMark Holdings, Inc.
  • Ticker: FNBT
  • Exchange: OTCPK
  • Founded: 2006
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$221.366m
  • Shares outstanding: 8.85m
  • Website: https://www.finemarkbank.com

Number of Employees


Location

  • FineMark Holdings, Inc.
  • Riverwalk
  • 12681 Creekside Lane
  • Fort Myers
  • Florida
  • 33919
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FNBTOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDNov 2018

Biography

FineMark Holdings, Inc., through its subsidiary, FineMark National Bank & Trust, provides personal and business banking, lending, wealth management, and trust services in Lee, Collier and Palm Beach County ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/22 00:41
End of Day Share Price2019/10/21 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.