OTCPK:SBKK

Stock Analysis Report

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Executive Summary

Suncrest Bank provides various banking products and services to small and middle-market businesses and individuals in California. More Details

Rewards

Trading at 21.9% below our estimate of its fair value

Risk Analysis

No risks detected for SBKK from our risk checks.


Snowflake Analysis

Flawless balance sheet and undervalued.


Similar Companies

Share Price & News

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


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

SBKK

-3.3%

US Banks

-2.4%

US Market


1 Year Return

-26.3%

SBKK

-29.0%

US Banks

18.2%

US Market

Return vs Industry: SBKK exceeded the US Banks industry which returned -28% over the past year.

Return vs Market: SBKK underperformed the US Market which returned 19.5% over the past year.


Shareholder returns

SBKKIndustryMarket
7 Day0%-3.3%-2.4%
30 Day0%-0.2%4.2%
90 Day3.6%-1.1%6.3%
1 Year-26.3%-26.3%-26.4%-29.0%20.9%18.2%
3 Year-24.0%-24.0%-19.4%-26.1%41.2%31.8%
5 Year16.2%16.2%16.5%2.0%84.8%63.9%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

21.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SBKK ($8.25) is trading below our estimate of fair value ($10.56)

Significantly Below Fair Value: SBKK is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SBKK is good value based on its PE Ratio (8.8x) compared to the US Banks industry average (9.9x).

PE vs Market: SBKK is good value based on its PE Ratio (8.8x) compared to the US market (19x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SBKK is good value based on its PB Ratio (0.6x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

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

16.1%

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 Suncrest Bank 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

  • Examine whether Suncrest Bank is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on theOTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Suncrest Bank's filings and announcementshere.
  • Explore growth companies in the Banks industry.

Past Performance

How has Suncrest Bank performed over the past 5 years?

50.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SBKK has high quality earnings.

Growing Profit Margin: SBKK's current net profit margins (31.4%) are lower than last year (33.3%).


Past Earnings Growth Analysis

Earnings Trend: SBKK's earnings have grown significantly by 50.6% per year over the past 5 years.

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

Earnings vs Industry: SBKK had negative earnings growth (-8.7%) over the past year, making it difficult to compare to the Banks industry average (-3%).


Return on Equity

High ROE: SBKK's Return on Equity (7.2%) is considered low.


Next Steps

Financial Health

How is Suncrest Bank'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: SBKK's Assets to Equity ratio (8x) is low.

Allowance for Bad Loans: SBKK has a sufficient allowance for bad loans (169%).

Low Risk Liabilities: 93% of SBKK's liabilities are made up of primarily low risk sources of funding.

Loan Level: SBKK has an appropriate level of Loans to Assets ratio (62%).

Low Risk Deposits: SBKK's Loans to Deposits ratio (76%) is appropriate.

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


Next Steps

Dividend

What is Suncrest Bank current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if SBKK'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 SBKK's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

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

4.7yrs

Average management tenure


CEO

Ciaran McMullan

7.5yrs

Tenure

Mr. Ciaran McMullan serves as the Chief Executive Officer and President of Suncrest Bank. Mr. McMullan served as the Chief Executive Officer of Americas (Commercial) at National Australia Bank Limited. He ...


Leadership Team

NamePositionTenureCompensationOwnership
Ciaran McMullan
President7.5yrsno datano data
Jean Carandang
Chief Financial Officerno datano datano data
Steven Jones
Executive VP & COO4.75yrsno datano data
Debbie Bombard
Senior Vice President of Operations & Operations Administrator12.25yrsno datano data
Nathan Halls
Deputy Chief Credit Officer4.67yrsno datano data
Peter Nutz
Chief Credit Officer & Executive VP5.58yrsno datano data
Dennis Johnson
Chief Credit Officer of Southern Region2.75yrsno datano data
Dustin Della
President of Porterville Branchno datano datano data
Jennette Williams
President for the Fresno Market4.58yrsno datano data
Dave Brett
Market President for Visalia3.92yrsno datano data
Charlie Glenn
Senior Credit Officer & Business Managerno datano datano data
Craig Howells
Vice President of Government Guaranteed Lendingno datano datano data

4.7yrs

Average Tenure

Experienced Management: SBKK's management team is considered experienced (4.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ciaran McMullan
President7.5yrsno datano data
William Benneyan
Chairmanno datano datano data
Daniel Jacuzzi
Director4.83yrsno datano data
David Crinklaw
Director no datano datano data
Florencio Paredez
Directorno datano datano data
Marc Schuil
Vice Chairman5.33yrsno datano data
Eric Shannon
Directorno datano datano data
Michael Thurlow
Directorno datano datano data
Darrell Tunnell
Directorno datano datano data
Dale Margosian
Directorno datano datano data
Matthew Pomeroy
Director4.83yrsno datano data
Eric Wilkins
Directorno datano datano data

5.1yrs

Average Tenure

Experienced Board: SBKK's board of directors are considered experienced (5.1 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

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


Key Information

  • Name: Suncrest Bank
  • Ticker: SBKK
  • Exchange: OTCPK
  • Founded: 2008
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$101.249m
  • Shares outstanding: 12.24m
  • Website: https://www.suncrestbank.com

Location

  • Suncrest Bank
  • 501 West Main Street
  • Visalia
  • California
  • 93291
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SBKKOTCPK (Pink Sheets LLC)YesCommon StockUSUSDOct 2008

Biography

Suncrest Bank provides various banking products and services to small and middle-market businesses and individuals in California. The company offers business banking products and services, which include ch ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/19 23:38
End of Day Share Price2020/10/19 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.