OTCPK:FNHM

Stock Analysis Report

Executive Summary

FNBH Bancorp, Inc. operates as the bank holding company for First National Bank in Howell that provides a range of commercial and personal banking services in Michigan.

Snowflake

Fundamentals

Flawless balance sheet with proven track record.

Risks

  • FNBH Bancorp is not covered by any analysts.

Share Price & News

How has FNBH Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

2.3%

OTCPK:FNHM

-2.6%

US Banks

-1.0%

US Market


1 Year Return

-4.3%

OTCPK:FNHM

-14.2%

US Banks

-0.4%

US Market

FNHM outperformed the Banks industry which returned -14.2% over the past year.

FNHM underperformed the Market in United States of America which returned -0.4% over the past year.


Share holder returns

FNHMIndustryMarket
7 Day2.3%-2.6%-1.0%
30 Day4.8%-6.3%-3.3%
90 Day4.8%-3.5%0.8%
1 Year-4.3%-4.3%-11.8%-14.2%1.9%-0.4%
3 Year63.0%63.0%42.2%32.4%39.4%30.4%
5 Year120.0%120.0%53.3%36.7%54.2%37.1%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is FNBH Bancorp undervalued based on future cash flows and its price relative to the stock market?

12%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

FNBH Bancorp's share price is below the future cash flow value, but not at a moderate discount (< 20%).

FNBH Bancorp's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

FNBH Bancorp is overvalued based on earnings compared to the US Banks industry average.

FNBH Bancorp 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 FNBH Bancorp, we can't assess if its growth is good value.


Price Based on Value of Assets

FNBH Bancorp is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is FNBH Bancorp expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

8.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if FNBH Bancorp is high growth as no revenue estimate data is available.

FNBH Bancorp's earnings are expected to grow by 8.9% yearly, however this is not considered high growth (20% yearly).

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

FNBH Bancorp's earnings growth is positive but not above the United States of America market average.

FNBH Bancorp'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 FNBH Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has FNBH Bancorp performed over the past 5 years?

2.3%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

FNBH Bancorp's year on year earnings growth rate has been positive over the past 5 years.

FNBH Bancorp's 1-year earnings growth exceeds its 5-year average (1468.7% vs 2.3%)

FNBH Bancorp's earnings growth has exceeded the US Banks industry average in the past year (1468.7% vs 33.2%).


Return on Equity

FNBH Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

FNBH Bancorp 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 FNBH Bancorp 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 FNBH Bancorp'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


Financial Institutions Analysis

FNBH Bancorp has an acceptable proportion of non-loan assets held.

FNBH Bancorp has a sufficient allowance for bad loans.

FNBH Bancorp's liabilities are made up of primarily low risk sources of funding.

FNBH Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at FNBH Bancorp are broadly funded by customer deposits.

FNBH Bancorp has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is FNBH Bancorp's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate FNBH Bancorp's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate FNBH Bancorp's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as FNBH Bancorp has not reported any payouts.

Unable to verify if FNBH Bancorp's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as FNBH Bancorp 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 FNBH Bancorp's salary, the management and board of directors tenure and is there insider trading?

10.2yrs

Average management tenure


CEO

Ron Long (60yo)

11.3yrs

Tenure

US$326,134

Compensation

Mr. Ronald L. Long, also known as Ron, serves as the Chief Executive Officer of First National Bank In Howell since May 12, 2008. Mr. Long served as the President of FNBH Bancorp Inc. and its subsidiary, F ...


CEO Compensation Analysis

Insufficient data for Ron to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.

Ron's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

10.2yrs

Average Tenure

56yo

Average Age

The average tenure for the FNBH Bancorp management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

8.6yrs

Average Tenure

63yo

Average Age

The tenure for the FNBH Bancorp board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Ron Long (60yo)

    President

    • Tenure: 11.3yrs
    • Compensation: $326.13k
  • Mark Huber (51yo)

    SVP & CFO

    • Tenure: 10.2yrs
    • Compensation: $114.00k
  • Rick James (56yo)

    Senior VP & Chief Risk Officer

    • Tenure: 5.8yrs
  • Maribeth Campbell

    Human Resources Officer & Secretary


Board Members

  • Phil Utter (60yo)

    Chairman of the Board

    • Tenure: 8.8yrs
    • Compensation: $17.69k
  • Will Dickson (32yo)

    Director

    • Tenure: 5.3yrs
  • Harry Griffith (88yo)

    Director Emeritus

  • Stan Dickson (66yo)

    Vice Chairman of the Board

    • Tenure: 8.6yrs
    • Compensation: $7.75k
  • Ken Marblestone

    Director

    • Tenure: 4.0yrs
  • Tim Corrigan (54yo)

    Director

    • Tenure: 8.6yrs
    • Compensation: $13.25k
  • Mike Yost (70yo)

    Director

    • Tenure: 22.6yrs
    • Compensation: $16.50k
  • Bob Clemente (66yo)

    Director

    • Tenure: 3.5yrs
  • Ron Long (60yo)

    President

    • Tenure: 11.2yrs
    • Compensation: $326.13k

Company Information

FNBH Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: FNBH Bancorp, Inc.
  • Ticker: FNHM
  • Exchange: OTCPK
  • Founded: 1891
  • Industry: regional banks
  • Sector: banks
  • Market Cap: US$61.094m
  • Shares outstanding: 27.77m
  • Website: Click here

Number of Employees


Location

  • FNBH Bancorp, Inc.
  • 101 East Grand River
  • PO Box 800
  • Howell
  • Michigan
  • 48843
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FNHMOTCPK (Pink Sheets LLC)YesCommon StockUSUSDMay 2002

Biography

FNBH Bancorp, Inc. operates as the bank holding company for First National Bank in Howell that provides a range of commercial and personal banking services in Michigan. The company accepts checking, saving ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 23:37
End of Day Share Price2019/08/15 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.