OTCPK:SBKK

Stock Analysis Report

Executive Summary

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


Snowflake Analysis

Flawless balance sheet with proven track record.


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

0.08%

SBKK

0.3%

US Banks

0.9%

US Market


1 Year Return

1.9%

SBKK

12.0%

US Banks

20.0%

US Market

Return vs Industry: SBKK underperformed the US Banks industry which returned 12.1% over the past year.

Return vs Market: SBKK underperformed the US Market which returned 20.1% over the past year.


Shareholder returns

SBKKIndustryMarket
7 Day0.08%0.3%0.9%
30 Day-1.1%-1.3%1.4%
90 Day2.7%1.2%8.8%
1 Year1.9%1.9%15.3%12.0%22.5%20.0%
3 Year17.1%17.1%25.1%16.2%49.9%40.3%
5 Year63.5%63.5%76.7%56.6%73.2%54.1%

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?

12.26x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: SBKK ($11.77) is trading above our estimate of fair value ($3.95)

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


Price To Earnings Ratio

PE vs Industry: SBKK is good value based on its PE Ratio (12.3x) compared to the Banks industry average (12.6x).

PE vs Market: SBKK is good value based on its PE Ratio (12.3x) compared to the US market (18.4x).


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 (1x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

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

2.2%

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 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 the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Suncrest Bank's filings and announcements here.
  • Explore growth companies in the Banks industry.

Past Performance

How has Suncrest Bank performed over the past 5 years?

57.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SBKK has high quality earnings.

Growing Profit Margin: SBKK's current net profit margins (31.3%) are higher than last year (30.4%).


Past Earnings Growth Analysis

Earnings Trend: SBKK's earnings have grown significantly by 57.4% per year over the past 5 years.

Accelerating Growth: SBKK's earnings growth over the past year (20.8%) is below its 5-year average (57.4% per year).

Earnings vs Industry: SBKK earnings growth over the past year (20.8%) exceeded the Banks industry 12.2%.


Return on Equity

High ROE: SBKK's Return on Equity (8%) is considered low.


Return on Assets


Return on Capital Employed


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

Inventory Level: SBKK has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if SBKK's debt is covered by short term assets.


Financial Institutions Analysis

Asset Level: SBKK's level of assets compared to its equity is low.

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

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

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

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

Level of Bad Loans: SBKK has an appropriate level of bad loans (0.78%)


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

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

4.1yrs

Average management tenure


CEO

Ciaran McMullan 0

6.8yrs

Tenure

0

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
President6.8yrsno datano data
Jean Carandang
Chief Financial Officer0yrsno datano data
Steven Jones
Executive VP & COO4.1yrsno datano data
Debbie Bombard
Senior Vice President of Operations & Operations Administrator11.6yrsno datano data
Nathan Halls
Deputy Chief Credit Officer4yrsno datano data
Peter Nutz
Chief Credit Officer & Executive VP4.9yrsno datano data
Dustin Della
President of Porterville Branch0yrsno datano data
Jennette Williams
President for the Fresno Market3.9yrsno datano data
Dave Brett
Market President for Visalia3.3yrsno datano data
Charlie Glenn
Senior Credit Officer & Business Manager0yrsno datano data

4.1yrs

Average Tenure

Experienced Management: SBKK's management team is considered experienced (4.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Ciaran McMullan
President6.8yrsno datano data
William Benneyan
Chairman0yrsno datano data
Daniel Jacuzzi
Director4.2yrsno datano data
David Crinklaw
Director 0yrsno datano data
Florencio Paredez
Director0yrsno datano data
Marc Schuil
Vice Chairman4.7yrsno datano data
Eric Shannon
Director0yrsno datano data
Michael Thurlow
Director0yrsno datano data
Darrell Tunnell
Director0yrsno datano data
Dale Margosian
Director0yrsno datano data

4.7yrs

Average Tenure

Experienced Board: SBKK's board of directors are considered experienced (4.7 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 19.5%.


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$146.452m
  • Shares outstanding: 12.44m
  • 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 checking and savings accounts, money market accounts, and certificates of deposit; commercial real estate loans, working capital lines of credit, equipment financing, construction, small business administration, and commercial loans, as well as investment real estate loans; cash management services; merchant services; and certificate of deposit registry services. It also offers personal banking products and services, including checking, savings, money market, and individual retirement accounts; certificates of deposit; debit and credit cards. In addition, the company provides agricultural real estate loans, production finance, equipment finance, and development loans; and SBA loans, small business guaranteed loans, USDA B and I loans, and farmer mac loans, as well as online and mobile banking, remote deposit capture, and other services. It operates five full service branches in Visalia, Porterville, Kingsburg, Fresno, and Yuba City in California. The company was founded in 2008 and is based in Visalia, California. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/18 00:25
End of Day Share Price2020/02/13 00:00
Earnings2019/12/31
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.