OTCPK:IIBK

Stock Analysis Report

Idaho Independent Bank

Executive Summary

Idaho Independent Bank, a state-chartered bank, provides commercial banking services to individual and business customers in Idaho.

Snowflake

Fundamentals

Flawless balance sheet with proven track record.

Share Price & News

How has Idaho Independent Bank's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-0.05%

IIBK

4.8%

US Banks

2.3%

US Market


1 Year Return

56.0%

IIBK

0.04%

US Banks

5.6%

US Market


Shareholder returns

IIBKIndustryMarket
7 Day-0.05%4.8%2.3%
30 Day-1.2%-0.5%-1.0%
90 Day8.3%2.0%-0.7%
1 Year56.0%56.0%2.9%0.04%7.9%5.6%
3 Year150.9%150.9%51.5%41.1%45.6%36.3%
5 Year180.6%180.6%70.9%52.3%65.8%47.6%

Price Volatility Vs. Market

How volatile is Idaho Independent Bank's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Idaho Independent Bank undervalued compared to its fair value and its price relative to the market?

15.24x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: IIBK ($20.2) is trading above our estimate of fair value ($7.33)

Significantly Undervalued: IIBK is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: IIBK is poor value based on its PE Ratio (15.2x) compared to the Banks industry average (12.6x).

PE vs Market: IIBK is good value based on its PE Ratio (15.2x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: IIBK is overvalued based on its PB Ratio (2x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is Idaho Independent Bank forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

3.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: IIBK's forecast earnings growth (3.9% per year) is above the savings rate (2.7%).

Earnings vs Market: IIBK's earnings (3.9% per year) are forecast to grow slower than the US market (14.5% per year).

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

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

High Growth Revenue: Insufficient data to determine if IIBK's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Information is not available.


Next Steps

Past Performance

How has Idaho Independent Bank performed over the past 5 years?

9.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: IIBK's earnings have grown by 9.2% per year over the past 5 years.

Accelerating Growth: IIBK's earnings growth over the past year (229.5%) exceeds its 5-year average (9.2% per year).

Earnings vs Industry: IIBK earnings growth over the past year (229.5%) exceeded the Banks industry 31.8%.


Return on Equity

High ROE: IIBK's Return on Equity (13.1%) is considered low.


Return on Assets

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


Return on Capital Employed

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


Next Steps

Financial Health

How is Idaho Independent Bank's financial position?


Financial Position Analysis

Short Term Liabilities: IIBK's short term assets ($302.0M) do not cover its short term liabilities ($662.6M)

Long Term Liabilities: IIBK's short term assets (302.0M) exceeds its long term liabilities (7.2M)


Debt to Equity History and Analysis

Debt Level: IIBK's debt to equity ratio (54%) is considered high

Reducing Debt: IIBK's debt to equity ratio has reduced from 71.4% to 54% over the past 5 years.

Debt Coverage: IIBK's debt is well covered by operating cash flow (30.6%).

Interest Coverage: Insufficient data to determine if IIBK's interest payments on its debt are well covered by EBIT.


Balance Sheet

Information is not available.

Information is not available.


Next Steps

Dividend

What is Idaho Independent Bank's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.8%industryaverage3.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

Growing Dividend: Insufficient data to determine if IIBK'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 IIBK'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 Idaho Independent Bank's salary, the management and board of directors tenure and is there insider trading?

1.2yrs

Average management tenure


CEO

Kurt Gustavel (48yo)

1.3yrs

Tenure

US$542,579

Compensation

Mr. Kurt R. Gustavel has been the Chief Executive Officer at Idaho Independent Bank since January 1, 2018 and has been its President since 2005. Mr. Gustavel has been a Director at Idaho Independent Bank s ...


CEO Compensation Analysis

Information is not available.

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


Management Age and Tenure

1.2yrs

Average Tenure

62yo

Average Age

Experienced Management: IIBK's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Age and Tenure

16.8yrs

Average Tenure

59yo

Average Age

Experienced Board: IIBK's board of directors are seasoned and experienced ( 16.8 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

  • Jack Gustavel (78yo)

    Executive Chairman

    • Tenure: 26.3yrs
    • Compensation: US$869.92k
  • Kurt Gustavel (48yo)

    President

    • Tenure: 1.3yrs
    • Compensation: US$542.58k
  • Paul Montreuil (62yo)

    Senior VP

    • Tenure: 0yrs
    • Compensation: US$245.26k
  • Wade Griffith (62yo)

    Senior VP & Operations Manager

    • Tenure: 1.2yrs
  • William Miller

    Senior VP & Area Manager

    • Tenure: 0yrs
  • Spring Alexander

    Senior Compliance Officer & VP

    • Tenure: 6.3yrs
  • Bruce Wolford

    Senior VP & Information Technology Manager

    • Tenure: 1.2yrs
  • Dawn Smith

    Senior VP & Credit Administration Manager

    • Tenure: 1.2yrs
  • Michael Smith

    Senior VP & Real Estate Manager

    • Tenure: 1.2yrs
  • Shannon Stoeger

    Senior VP & Branch Administrator

    • Tenure: 1.2yrs

Board Members

  • Roy Eiguren (66yo)

    Director

    • Tenure: 17.3yrs
    • Compensation: US$43.98k
  • Jack Gustavel (78yo)

    Executive Chairman

    • Tenure: 26.3yrs
    • Compensation: US$869.92k
  • Kurt Gustavel (48yo)

    President

    • Tenure: 1.3yrs
    • Compensation: US$542.58k
  • Jerry Jaeger (70yo)

    Director

    • Tenure: 26.3yrs
    • Compensation: US$45.98k
  • Alicia Ritter (52yo)

    Director

    • Tenure: 6.4yrs
    • Compensation: US$41.98k
  • Rick D'Ambrosio (47yo)

    Director

    • Tenure: 3yrs
    • Compensation: US$41.08k

Company Information

Idaho Independent Bank's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Idaho Independent Bank
  • Ticker: IIBK
  • Exchange: OTCPK
  • Founded: 1993
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$156.408m
  • Shares outstanding: 7.74m
  • Website: https://www.theidahobank.com

Number of Employees


Location

  • Idaho Independent Bank
  • 1260 West Riverstone Drive
  • Coeur d'Alene
  • Idaho
  • 83814
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IIBKOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDSep 1998

Biography

Idaho Independent Bank, a state-chartered bank, provides commercial banking services to individual and business customers in Idaho. The company offers checking and savings accounts, demand and money market ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/04/09 03:44
End of Day Share Price2019/04/05 00:00
Earnings2018/12/31
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.