OTCPK:RBAZ

Stock Analysis Report

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Republic Bank of Arizona

Executive Summary

Republic Bank of Arizona, a community bank, provides various banking products and services for individuals and businesses in Arizona.


Snowflake Analysis

Flawless balance sheet with questionable track record.

Share Price & News

How has Republic Bank of Arizona's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-1.8%

RBAZ

3.1%

US Banks

0.5%

US Market


1 Year Return

-17.6%

RBAZ

-15.2%

US Banks

18.7%

US Market

Return vs Industry: RBAZ underperformed the US Banks industry which returned -15.2% over the past year.

Return vs Market: RBAZ underperformed the US Market which returned 18.7% over the past year.


Shareholder returns

RBAZIndustryMarket
7 Day-1.8%3.1%0.5%
30 Day-3.4%5.7%4.9%
90 Day2.2%20.1%19.8%
1 Year-17.6%-17.6%-12.2%-15.2%21.2%18.7%
3 Year-4.1%-4.1%-7.2%-14.8%46.2%36.8%
5 Year52.5%52.5%20.9%6.0%85.3%65.1%

Price Volatility Vs. Market

How volatile is Republic Bank of Arizona's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Republic Bank of Arizona undervalued compared to its fair value and its price relative to the market?

48.05x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: RBAZ ($7) is trading above our estimate of fair value ($2.84)

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


Price To Earnings Ratio

PE vs Industry: RBAZ is poor value based on its PE Ratio (48.1x) compared to the US Banks industry average (10x).

PE vs Market: RBAZ is poor value based on its PE Ratio (48.1x) compared to the US market (19.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: RBAZ's PB Ratio (0.8x) is in line with the US Banks industry average.


Next Steps

Future Growth

How is Republic Bank of Arizona forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

27.0%

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 Republic Bank of Arizona 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 Republic Bank of Arizona performed over the past 5 years?

3.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RBAZ has high quality earnings.

Growing Profit Margin: RBAZ's current net profit margins (6.3%) are lower than last year (18.4%).


Past Earnings Growth Analysis

Earnings Trend: RBAZ's earnings have grown by 3.2% per year over the past 5 years.

Accelerating Growth: RBAZ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: RBAZ had negative earnings growth (-69.4%) over the past year, making it difficult to compare to the Banks industry average (-2.9%).


Return on Equity

High ROE: RBAZ's Return on Equity (1.6%) is considered low.


Next Steps

Financial Health

How is Republic Bank of Arizona'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

Asset Level: RBAZ's Assets to Equity ratio (10.2x) is moderate.

Allowance for Bad Loans: RBAZ has a sufficient allowance for bad loans (199%).

Low Risk Liabilities: 78% of RBAZ's liabilities are made up of primarily low risk sources of funding.

Loan Level: RBAZ has an appropriate level of Loans to Assets ratio (64%).

Low Risk Deposits: RBAZ's Loans to Deposits ratio (90%) is appropriate.

Level of Bad Loans: RBAZ has an appropriate level of bad loans (0.5%).


Next Steps

Dividend

What is Republic Bank of Arizona current dividend yield, its reliability and sustainability?

4.00%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: RBAZ's dividend (4%) is higher than the bottom 25% of dividend payers in the US market (1.59%).

High Dividend: RBAZ's dividend (4%) is low compared to the top 25% of dividend payers in the US market (4.31%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether RBAZ's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if RBAZ's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: Unable to calculate sustainability of dividends as RBAZ has not reported any payouts.


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?

1.9yrs

Average management tenure


CEO

Brian Ruisinger

0.75

Tenure

Mr. Brian Ruisinger serves as President, Chief Executive Officer and Director at Republic Bank of Arizona since November 4, 2019. Mr. Ruisinger was an Executive Vice President and Chief Financial Officer o ...


Leadership Team

NamePositionTenureCompensationOwnership
Brian Ruisinger
President0.75yrno datano data
Christine Worth
Chief Financial Officerno datano datano data
Frank Smith
Vice President of Operations0.58yrno datano data
Angela Whitney
VP & Compliance Officer2.17yrsno datano data
Amy Blunt
Chief Credit Officer & Executive VP4.83yrsno datano data
Jonathan Olson
Senior VP & Commercial Banker1.58yrsno datano data
Rae Lajoie
Controller0.58yrno datano data
Abigail Thomas
Assistant VP & Portfolio Manager2.58yrsno datano data
Todd Grady
VP & Portfolio Manager2.17yrsno datano data

1.9yrs

Average Tenure

Experienced Management: RBAZ's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Brian Ruisinger
President0.75yrno datano data
Camala Bailey
Directorno datano datano data
Scarlett Spring
Director6.58yrsno datano data
Chad Cline
Directorno datano datano data
Regina L. Edwards
Directorno datano datano data
Judith Lynn
Directorno datano datano data
Alan Sparks
Chairman of the Board2.17yrsno datano data
Christian Beams
Directorno datano datano data

2.2yrs

Average Tenure

Experienced Board: RBAZ's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.


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

Republic Bank of Arizona's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Republic Bank of Arizona
  • Ticker: RBAZ
  • Exchange: OTCPK
  • Founded: 2007
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$12.631m
  • Shares outstanding: 1.80m
  • Website: https://www.republicbankaz.com

Location

  • Republic Bank of Arizona
  • 645 East Missouri Avenue
  • Suite 108
  • Phoenix
  • Arizona
  • 85012-1314
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RBAZOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDOct 2012

Biography

Republic Bank of Arizona, a community bank, provides various banking products and services for individuals and businesses in Arizona. It accepts various checking and savings accounts, certificates of depos ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/14 11:56
End of Day Share Price2020/08/12 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.