Peak Bancorp (OTCPK:IDFB) - Share price, News & Analysis

IDFB fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	5/6
Financial Health	6/6
Dividends	0/6

IDFB Stock Overview

Peak Bancorp Inc., through its subsidiary, Idaho First Bank, provides various banking products and services to commercial and consumer customers in southwestern Idaho.

Rewards

Price-To-Earnings ratio (10.4x) is below the US market (14.7x)

Earnings grew by 86.2% over the past year

Risk Analysis

Shareholders have been diluted in the past year

Does not have a meaningful market cap ($59M)

Peak Bancorp Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Peak Bancorp
Historical stock prices
Current Share Price	US$11.00
52 Week High	US$11.55
52 Week Low	US$7.87
Beta	0.40
1 Month Change	0.92%
3 Month Change	-1.61%
1 Year Change	33.33%
3 Year Change	78.57%
5 Year Change	96.43%
Change since IPO	-91.20%

Shareholder Returns

	IDFB	US Banks	US Market
7D	0%	-8.3%	-9.1%
1Y	33.3%	-18.4%	-22.5%

Return vs Industry: IDFB exceeded the US Banks industry which returned -20.1% over the past year.

Return vs Market: IDFB exceeded the US Market which returned -19.5% over the past year.

Price Volatility

Is IDFB's price volatile compared to industry and market?
IDFB volatility
IDFB Average Weekly Movement	3.2%
Banks Industry Average Movement	3.7%
Market Average Movement	7.7%
10% most volatile stocks in US Market	16.6%
10% least volatile stocks in US Market	3.0%

Stable Share Price: IDFB is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.

Volatility Over Time: Insufficient data to determine IDFB's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2005	n/a	Todd Cooper	https://www.idahofirstbank.com

Peak Bancorp Inc., through its subsidiary, Idaho First Bank, provides various banking products and services to commercial and consumer customers in southwestern Idaho. It offers personal and business deposit products, including savings and checking accounts. The company also provides personal and business lending, as well as home loans; and online and mobile banking, loans and lines of credit, credit cards, and cash management services.

Peak Bancorp Fundamentals Summary

How do Peak Bancorp's earnings and revenue compare to its market cap?
IDFB fundamental statistics
Market Cap	US$58.86m
Earnings (TTM)	US$5.68m
Revenue (TTM)	US$21.91m

10.4x

P/E Ratio

1.4x

P/B Ratio

Is IDFB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
IDFB income statement (TTM)
Revenue	US$21.91m
Cost of Revenue	US$0
Gross Profit	US$21.91m
Other Expenses	US$16.23m
Earnings	US$5.68m

Last Reported Earnings

Dec 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)	1.06
Gross Margin	100.00%
Net Profit Margin	25.91%
Debt/Equity Ratio	87.0%

How did IDFB perform over the long term?

See historical performance and comparison

Valuation

Is Peak Bancorp undervalued compared to its fair value and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

10.37x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: IDFB ($11) is trading above our estimate of fair value ($4.54)

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

Price To Earnings Ratio

PE vs Industry: IDFB is poor value based on its Price-To-Earnings Ratio (10.4x) compared to the US Banks industry average (9.6x).

PE vs Market: IDFB is good value based on its Price-To-Earnings Ratio (10.4x) compared to the US market (14.7x).

Price to Earnings Growth Ratio

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

Price to Book Ratio

PB vs Industry: IDFB is overvalued based on its Price-To-Book Ratio (1.4x) compared to the US Banks industry average (1.1x).

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Future Growth

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

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

9.9%

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 Peak Bancorp 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.

Discover growth companies

Check out Peak Bancorp's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.
While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Peak Bancorp's filings and announcements here.

Past Performance

How has Peak Bancorp performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

72.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: IDFB has high quality earnings.

Growing Profit Margin: IDFB's current net profit margins (25.9%) are higher than last year (17.8%).

Past Earnings Growth Analysis

Earnings Trend: IDFB has become profitable over the past 5 years, growing earnings by 72.2% per year.

Accelerating Growth: IDFB's earnings growth over the past year (86.2%) exceeds its 5-year average (72.2% per year).

Earnings vs Industry: IDFB earnings growth over the past year (86.2%) exceeded the Banks industry 20.8%.

Return on Equity

High ROE: IDFB's Return on Equity (13.3%) is considered low.

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Financial Health

How is Peak Bancorp's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

6/6

Financial Health Score 6/6

Asset Level
Allowance for Bad Loans
Low Risk Liabilities
Loan Level
Low Risk Deposits
Level of Bad Loans

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: IDFB's Assets to Equity ratio (13x) is moderate.

Allowance for Bad Loans: IDFB has a sufficient allowance for bad loans (692%).

Low Risk Liabilities: 92% of IDFB's liabilities are made up of primarily low risk sources of funding.

Loan Level: IDFB has an appropriate level of Loans to Assets ratio (71%).

Low Risk Deposits: IDFB's Loans to Deposits ratio (84%) is appropriate.

Level of Bad Loans: IDFB has an appropriate level of bad loans (0.2%).

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Dividend

What is Peak Bancorp current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

Dividend Yield vs Market

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

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

Stability and Growth of Payments

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

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

Current Payout to Shareholders

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

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Management

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

2.1yrs

Average management tenure

CEO

Todd Cooper

2yrs

Tenure

Mr. Todd Cooper serves as Chief Executive Officer at Peak Bancorp, Inc. since April 27, 2021 and also serves as its Director since May 2022. He serves as President at Idaho First Bank (formerly known as Pe...

Leadership Team

Experienced Management: IDFB's management team is considered experienced (2.1 years average tenure).

Board Members

Experienced Board: IDFB's board of directors are considered experienced (5.2 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 been diluted in the past year, with total shares outstanding growing by 2.2%.

Data	Last Updated (UTC time)
Company Analysis	2022/06/16 00:00
End of Day Share Price	2022/06/14 00:00
Earnings	2021/12/31
Annual Earnings	2021/12/31