OTCPK:SLRK

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Solera National Bancorp

Executive Summary

Solera National Bancorp, Inc. operates as the bank holding company for Solera National Bank that provides commercial and consumer banking services to small and medium-sized businesses, licensed professionals, and individuals in the United States.


Snowflake Analysis

Flawless balance sheet with proven track record.

Share Price & News

How has Solera National Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-1.2%

SLRK

0.06%

US Banks

2.6%

US Market


1 Year Return

-17.0%

SLRK

-22.0%

US Banks

15.4%

US Market

Return vs Industry: SLRK exceeded the US Banks industry which returned -22.7% over the past year.

Return vs Market: SLRK underperformed the US Market which returned 16.2% over the past year.


Shareholder returns

SLRKIndustryMarket
7 Day-1.2%0.06%2.6%
30 Day-0.6%4.5%6.1%
90 Day5.6%5.4%16.6%
1 Year-17.0%-17.0%-19.3%-22.0%17.8%15.4%
3 Year16.6%16.6%-12.6%-19.6%43.9%34.7%
5 Year63.8%63.8%11.9%-1.6%76.2%57.3%

Price Volatility Vs. Market

How volatile is Solera National Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

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

15.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: SLRK ($9.5) is trading below our estimate of fair value ($11.21)

Significantly Below Fair Value: SLRK is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: SLRK is poor value based on its PE Ratio (10.3x) compared to the US Banks industry average (9.6x).

PE vs Market: SLRK is good value based on its PE Ratio (10.3x) compared to the US market (18.3x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: SLRK is overvalued based on its PB Ratio (0.9x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

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

26.8%

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 Solera National 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.


Next Steps

Past Performance

How has Solera National Bancorp performed over the past 5 years?

16.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SLRK has high quality earnings.

Growing Profit Margin: SLRK's current net profit margins (37%) are lower than last year (37.2%).


Past Earnings Growth Analysis

Earnings Trend: SLRK's earnings have grown by 16.6% per year over the past 5 years.

Accelerating Growth: SLRK's earnings growth over the past year (21.1%) exceeds its 5-year average (16.6% per year).

Earnings vs Industry: SLRK earnings growth over the past year (21.1%) exceeded the Banks industry -3%.


Return on Equity

High ROE: SLRK's Return on Equity (8.7%) is considered low.


Next Steps

Financial Health

How is Solera National Bancorp'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: SLRK's Assets to Equity ratio (9.1x) is low.

Allowance for Bad Loans: SLRK has a sufficient allowance for bad loans (377%).

Low Risk Liabilities: 97% of SLRK's liabilities are made up of primarily low risk sources of funding.

Loan Level: SLRK has an appropriate level of Loans to Assets ratio (78%).

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

Level of Bad Loans: SLRK has an appropriate level of bad loans (0.3%).


Next Steps

Dividend

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


Dividend Yield vs Market

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

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

Growing Dividend: Insufficient data to determine if SLRK'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 SLRK'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?

3.9yrs

Average board tenure


CEO

Marty May (55 yo)

4.75yrs

Tenure

US$161,540

Compensation

Mr. Martin P. May, also known as Marty, has been the Chief Executive Officer and President of Solera National Bancorp, Inc. and Solera National Bank since November 2015. Mr. May has more than twenty years ...


CEO Compensation Analysis

Compensation vs Market: Marty's total compensation ($USD0.00) is below average for companies of similar size in the US market ($USD606.98K).

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


Board Members

NamePositionTenureCompensationOwnership
Martin May
President4.75yrsUS$161.54k0.49%
$ 192.1k
Melissa Larkin
Executive VP3.17yrsUS$162.24k0.097%
$ 38.0k
Michael Quagliano
Chairman of the Boardno datano data49.12%
$ 19.4m
Alan Weel
Independent Director5.08yrsno data0.058%
$ 22.8k
Philip Randell
Independent Director3.92yrsno data0.022%
$ 8.7k
Richard Thorne
Independent Director2.67yrsno data0.0029%
$ 1.1k

3.9yrs

Average Tenure

56.5yo

Average Age

Experienced Board: SLRK's board of directors are considered experienced (3.9 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

Solera National Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Solera National Bancorp, Inc.
  • Ticker: SLRK
  • Exchange: OTCPK
  • Founded: 2006
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$39.406m
  • Shares outstanding: 4.14m
  • Website: https://www.solerabank.com

Number of Employees


Location

  • Solera National Bancorp, Inc.
  • 319 South Sheridan Boulevard
  • Lakewood
  • Colorado
  • 80226
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SLRKOTCPK (Pink Sheets LLC)YesCommon StockUSUSDOct 2007

Biography

Solera National Bancorp, Inc. operates as the bank holding company for Solera National Bank that provides commercial and consumer banking services to small and medium-sized businesses, licensed professiona ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/05 23:41
End of Day Share Price2020/08/04 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.