OTCPK:FRFC

Stock Analysis Report

First Robinson Financial

Executive Summary

First Robinson Financial Corporation operates as the holding company for First Robinson Savings Bank, National Association that provides various banking products and financial services to individual and corporate customers.


Snowflake Analysis

Flawless balance sheet with solid track record and pays a dividend.

Share Price & News

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


Latest Share Price and Events

Stable Share Price: FRFC has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-7.6%

FRFC

2.9%

US Banks

5.3%

US Market


1 Year Return

7.8%

FRFC

-27.8%

US Banks

-10.7%

US Market

Return vs Industry: FRFC exceeded the US Banks industry which returned -26.4% over the past year.

Return vs Market: FRFC exceeded the US Market which returned -10.4% over the past year.


Shareholder returns

FRFCIndustryMarket
7 Day-7.6%2.9%5.3%
30 Day-13.4%-26.3%-13.6%
90 Dayn/a-39.3%-19.8%
1 Year10.2%7.8%-25.6%-27.8%-8.9%-10.7%
3 Year42.5%32.5%-17.1%-23.1%15.5%8.0%
5 Year85.2%61.8%10.9%-1.7%35.2%20.4%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is First Robinson Financial undervalued compared to its fair value and its price relative to the market?

9.92x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FRFC ($59.5) is trading above our estimate of fair value ($53.05)

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


Price To Earnings Ratio

PE vs Industry: FRFC is poor value based on its PE Ratio (10.7x) compared to the Banks industry average (8.9x).

PE vs Market: FRFC is good value based on its PE Ratio (10.7x) compared to the US market (13.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: FRFC is overvalued based on its PB Ratio (1.1x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

How is First Robinson Financial forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-1.2%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as First Robinson Financial has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has First Robinson Financial performed over the past 5 years?

8.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FRFC has high quality earnings.

Growing Profit Margin: FRFC's current net profit margins (21.2%) are higher than last year (18.4%).


Past Earnings Growth Analysis

Earnings Trend: FRFC's earnings have grown by 8% per year over the past 5 years.

Accelerating Growth: FRFC's earnings growth over the past year (23.9%) exceeds its 5-year average (8% per year).

Earnings vs Industry: FRFC earnings growth over the past year (23.9%) exceeded the Banks industry 10.9%.


Return on Equity

High ROE: FRFC's Return on Equity (10%) is considered low.


Next Steps

Financial Health

How is First Robinson Financial'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: FRFC has a low level of unsold assets or inventory.

Debt Coverage by Assets: FRFC's debt is covered by short term assets (assets are 1.5x debt).


Financial Institutions Analysis

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

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

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

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

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

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


Next Steps

Dividend

What is First Robinson Financial's current dividend yield, its reliability and sustainability?

2.11%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FRFC's dividend (1.95%) is higher than the bottom 25% of dividend payers in the US market (1.95%).

High Dividend: FRFC's dividend (1.95%) is low compared to the top 25% of dividend payers in the US market (5.4%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (5.2%), FRFC's dividend payments are thoroughly 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

How experienced are the management team and are they aligned to shareholders interests?

25.2yrs

Average board tenure


CEO

Rick Catt (66yo)

31.25s

Tenure

US$167,763

Compensation

Mr. Rick L. Catt has been the President, Chief Executive Officer & Director of First Robinson Financial Corporation (the “Company”) since March 1997 and First Robinson Savings Bank, National Association si ...


Board Members

NamePositionTenureCompensationOwnership
Rick Catt
President31.25yrsUS$167.76kno data
Scott Pulliam
Independent Director35.25yrsUS$18.25kno data
James Goodwine
Independent Director27.25yrsUS$17.70kno data
William Thomas
Independent Director32.25yrsUS$17.20kno data
Robin Guyer
Vice Chairman of the Boardno dataUS$18.25kno data
Steven Neeley
Chairman of the Boardno dataUS$17.80kno data
Eric Niehaus
Director4.75yrsno datano data
Eli McCormick
Director3.42yrsno datano data

25.2yrs

Average Tenure

63.5yo

Average Age

Experienced Board: FRFC's board of directors are seasoned and experienced ( 25.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

First Robinson Financial Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: First Robinson Financial Corporation
  • Ticker: FRFC
  • Exchange: OTCPK
  • Founded: 1997
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$31.022m
  • Shares outstanding: 564.03k
  • Website: https://www.frsb.net

Number of Employees


Location

  • First Robinson Financial Corporation
  • 501 East Main Street
  • Robinson
  • Illinois
  • 62454
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FRFCOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJun 1997

Biography

First Robinson Financial Corporation operates as the holding company for First Robinson Savings Bank, National Association that provides various banking products and financial services to individual and corporate customers. The company offers various deposit products, including checking, savings, and individual retirement accounts; certificates of deposit; and direct deposits. Its loan portfolio comprises personal, home mortgage, home equity, auto, business term, agricultural, and commercial real estate loans, as well as business lines of credit. The company also offers ATM and debit card, mobile deposit, online and mobile banking, telephone banking, bill pay, credit card, e-statement, money transfer, notary, night depository, coin counting, fax, money order, bounce protection, merchant card, and cash management services; and safe deposit boxes, cashier's checks, and trust and investment services. It operates four full service offices. The company serves customers in Crawford and surrounding counties in Illinois; and Knox and surrounding counties in Indiana. First Robinson Financial Corporation was incorporated in 1997 and is headquartered in Robinson, Illinois. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/01 07:14
End of Day Share Price2020/03/31 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


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.