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TGR Financial

OTCPK:TGRF
Snowflake Description

Flawless balance sheet with poor track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TGRF
OTCPK
$198M
Market Cap
  1. Home
  2. US
  3. Banks
Company description

TGR Financial, Inc. operates as the bank holding company for First Florida Integrity Bank that provides various banking products and services to individual and corporate customers in Southwest Florida. The last earnings update was 479 days ago. More info.


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TGRF Share Price and Events
7 Day Returns
-2.3%
OTCPK:TGRF
1.6%
US Banks
0.2%
US Market
1 Year Returns
-8%
OTCPK:TGRF
-9.3%
US Banks
2.9%
US Market
TGRF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
TGR Financial (TGRF) -2.3% -3.4% -4.6% -8% - -
US Banks 1.6% -1.8% -1.4% -9.3% 38.6% 47.3%
US Market 0.2% -1.6% 2.4% 2.9% 36.1% 41%
1 Year Return vs Industry and Market
  • TGRF outperformed the Banks industry which returned -9.3% over the past year.
  • TGRF underperformed the Market in United States of America which returned 2.9% over the past year.
Price Volatility
TGRF
Industry
5yr Volatility vs Market

TGRF Value

 Is TGR Financial undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of TGR Financial to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for TGR Financial.

OTCPK:TGRF Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $5.89 * 4.7%
$0.28
Book Value of Equity per Share Median Book Value from the past 5 years. $5.89
Discount Rate (Cost of Equity) See below 10.2%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:TGRF
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.63
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.625 (1 + (1- 21%) (57.86%))
1.251
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.25
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.251 * 5.96%)
10.18%

Discounted Cash Flow Calculation for OTCPK:TGRF using Excess Returns Model Model

The calculations below outline how an intrinsic value for TGR Financial is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

OTCPK:TGRF Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (4.7% – 10.18%) * $5.89)
$-0.32
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.32 / (10.18% - 2.73%)
$-4.30
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $5.89 + $-4.30
$1.59
OTCPK:TGRF Discount to Share Price
Calculation Result
Value per share (USD) From above. $1.59
Current discount Discount to share price of $11.45
= -1 x ($11.45 - $1.59) / $1.59
-618.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of TGR Financial is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for TGR Financial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are TGR Financial's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:TGRF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2017-12-31) in USD $0.47
OTCPK:TGRF Share Price ** OTCPK (2019-05-23) in USD $11.45
United States of America Banks Industry PE Ratio Median Figure of 595 Publicly-Listed Banks Companies 12.86x
United States of America Market PE Ratio Median Figure of 3,085 Publicly-Listed Companies 17.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of TGR Financial.

OTCPK:TGRF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:TGRF Share Price ÷ EPS (both in USD)

= 11.45 ÷ 0.47

24.3x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TGR Financial is overvalued based on earnings compared to the US Banks industry average.
  • TGR Financial is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does TGR Financial's expected growth come at a high price?
Raw Data
OTCPK:TGRF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 24.3x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Banks Industry PEG Ratio Median Figure of 270 Publicly-Listed Banks Companies 1.36x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.54x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for TGR Financial, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on TGR Financial's assets?
Raw Data
OTCPK:TGRF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2017-12-31) in USD $6.66
OTCPK:TGRF Share Price * OTCPK (2019-05-23) in USD $11.45
United States of America Banks Industry PB Ratio Median Figure of 600 Publicly-Listed Banks Companies 1.21x
United States of America Market PB Ratio Median Figure of 5,201 Publicly-Listed Companies 1.84x
OTCPK:TGRF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:TGRF Share Price ÷ Book Value per Share (both in USD)

= 11.45 ÷ 6.66

1.72x

* Primary Listing of TGR Financial.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • TGR Financial is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess TGR Financial's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. TGR Financial has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

TGRF Future Performance

 How is TGR Financial expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

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 TGR Financial 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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
3.9%
Expected Banks industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is TGR Financial expected to grow at an attractive rate?
  • Unable to compare TGR Financial's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare TGR Financial's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare TGR Financial's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
OTCPK:TGRF Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 3.9%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.7%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:TGRF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:TGRF Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2017-12-31 43 8
2016-12-31 36 12 6
2016-09-30 35 6
2016-06-30 34 5
2016-03-31 33 5
2015-12-31 31 9 5
2015-09-30 30 4
2015-06-30 28 3
2015-03-31 27 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if TGR Financial is high growth as no earnings estimate data is available.
  • Unable to determine if TGR Financial is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:TGRF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 year ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from TGR Financial Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:TGRF Past Financials Data
Date (Data in USD Millions) EPS *
2017-12-31 0.47
2016-12-31 0.33
2016-09-30 0.33
2016-06-30 0.32
2016-03-31 0.29
2015-12-31 0.27
2015-09-30 0.22
2015-06-30 0.19
2015-03-31 0.16

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if TGR Financial will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine TGR Financial's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. TGR Financial's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Banks companies here
  3. 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 TGR Financial's filings and announcements here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess TGR Financial's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
TGR Financial has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

TGRF Past Performance

  How has TGR Financial performed over the past 5 years?

  • TGR Financial's last earnings update was 479 days ago.
The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare TGR Financial's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Insufficient data to establish if TGR Financial's year on year earnings growth rate was positive over the past 5 years.
  • Unable to compare TGR Financial's 1-year earnings growth to the 5-year average due to insufficient past data.
  • TGR Financial's earnings growth has exceeded the US Banks industry average in the past year (42.5% vs 40.1%).
Earnings and Revenue History
TGR Financial's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from TGR Financial Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:TGRF Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2017-12-31 42.56 8.12 24.32
2016-12-31 36.00 5.70 22.80
2016-09-30 34.92 5.69 21.79
2016-06-30 33.96 5.47 21.32
2016-03-31 32.79 5.06 20.83
2015-12-31 31.39 4.68 20.11
2015-09-30 29.61 3.76 20.01
2015-06-30 28.09 3.20 19.62
2015-03-31 26.82 2.62 19.32
2014-12-31 25.13 1.60 18.54
2014-09-30 23.88 1.32 17.92
2014-06-30 22.91 1.10 17.20
2014-03-31 21.69 10.53 16.26
2013-12-31 21.26 11.09 15.79
2013-09-30 20.77 10.85 15.67
2013-06-30 20.01 10.87 14.91
2013-03-31 18.87 1.79 13.90
2012-12-31 15.84 0.16 12.78
2012-09-30 12.47 -3.39 12.26
2012-06-30 10.14 -4.55 11.66

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • TGR Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • TGR Financial used its assets less efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if TGR Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess TGR Financial's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
TGR Financial has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

TGRF Health

 How is TGR Financial's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of TGR Financial's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from TGR Financial Company Filings, last reported 1 year ago.

OTCPK:TGRF Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2017-12-31 115.96 114.67 137.54
2016-12-31 106.40 168.99 35.26
2016-09-30 107.54 116.61 59.42
2016-06-30 105.60 143.15 117.30
2016-03-31 103.67 147.30 70.43
2015-12-31 101.42 172.70 29.86
2015-09-30 100.98 149.33 56.44
2015-06-30 98.72 144.86 99.90
2015-03-31 98.70 126.33 68.56
2014-12-31 95.07 138.88 18.78
2014-09-30 93.64 147.95 17.35
2014-06-30 92.15 127.30 27.90
2014-03-31 90.37 114.64 51.78
2013-12-31 73.35 122.62 16.47
2013-09-30 73.63 94.39 25.07
2013-06-30 74.68 88.00 32.94
2013-03-31 67.95 84.46 44.74
2012-12-31 67.74 73.21 45.66
2012-09-30 67.71 58.31 29.04
2012-06-30
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • TGR Financial has an acceptable proportion of non-loan assets held.
  • TGR Financial's liabilities are made up of primarily low risk sources of funding.
  • Loans at TGR Financial are broadly funded by customer deposits.
  • TGR Financial's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).
  • TGR Financial has a sufficient allowance for bad loans.
  • TGR Financial has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess TGR Financial's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. TGR Financial has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

TGRF Dividends

 What is TGR Financial's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from TGR Financial dividends.
If you bought $2,000 of TGR Financial shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate TGR Financial's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate TGR Financial's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:TGRF Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 477 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2005 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as TGR Financial has not reported any payouts.
  • Unable to verify if TGR Financial's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of TGR Financial's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as TGR Financial has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess TGR Financial's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can TGR Financial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. TGR Financial has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

TGRF Management

 What is the CEO of TGR Financial's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Gary Tice
COMPENSATION $327,057
AGE 70
TENURE AS CEO 7.3 years
CEO Bio

Gary L. Tice serves as Chairman and Director of the First Florida Integrity Bank. Mr. Tice has also served as Chairman, Chief Executive Officer and Director of TGR Financial, Inc. since its inception in 2012. Mr. Tice served in the same capacity for First National Bank of the Gulf Coast (in organization), now known as First Florida Integrity Bank, from 2007 to December 2016, when Mr. Richter was appointed Chief Executive Officer. Mr. Tice has been involved in banking in Florida for almost 40 years. Prior to First Florida Integrity Bank, Mr. Tice served as Chairman of First National Bankshares of Florida, Inc., a Naples-based financial services company with $5.4 billion in assets and 77 full-service banking centers, from January 2004 to January 2005. Prior to that, Mr. Tice was with F.N.B. Corporation, from 2001 to 2005, Held the position of President and Chief Executive Officer and from 1997 to 2001, he served as President and Chief Operating Officer. Concurrently, from 1997 to 2005, he was Chairman of First National Bank of Florida which became the primary subsidiary of First National Bankshares of Florida, Inc. During his tenure with F.N.B. Corporation, the Company grew to more than $8.1 billion in total assets. In 2004, F.N.B. Corporation spun off its Florida banking operations into a separate company. In addition, Mr. Tice was a founding Director and organizer of First National Bank of Naples, where he served as Chairman and Chief Executive Officer of the Company prior to its affiliation with F.N.B. Corporation in 1997. In 2003, Mr. Tice was honored as a finalist for the Financial Services category in the Ernst & Young Entrepreneur of the Year Florida Awards program. He was chosen by an independent panel of judges for outstanding leadership and the consistent growth of F.N.B. Corporation. In 1998, Mr. Tice was named to the Collier County Junior Achievement Business Leadership Hall of Fame for service as a “champion of free enterprise.” Mr. Tice has held leadership roles in a number of local, state and national organizations over the years and is a past Director of the American Bankers Association (the “ABA”) and a past Director of the Florida Bankers Association. Mr. Tice was appointed in January 2011 as a Director of the Federal Reserve Bank of Atlanta – Miami Branch for a term of three years and was reappointed in January 2014 for an additional three year term which expired in January 2017. Mr. Tice was appointed in June 2011 as a Director of The Greater Naples Chamber of Commerce for a term of three years.

CEO Compensation
  • Insufficient data for Gary to compare compensation growth.
  • Insufficient data for Gary to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the TGR Financial management team in years:

7.3
Average Tenure
68
Average Age
  • The average tenure for the TGR Financial management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Gary Tice

TITLE
Chairman & CEO
COMPENSATION
$327K
AGE
70
TENURE
7.3 yrs

Garrett Richter

TITLE
President & Director
COMPENSATION
$250K
AGE
68
TENURE
7.3 yrs

Bob Reichert

TITLE
Chief Financial Officer
COMPENSATION
$292K
AGE
55
TENURE
7.3 yrs
Board of Directors Tenure

Average tenure and age of the TGR Financial board of directors in years:

6.9
Average Tenure
67
Average Age
  • The tenure for the TGR Financial board of directors is about average.
Board of Directors

Garrett Richter

TITLE
President & Director
COMPENSATION
$250K
AGE
68
TENURE
7.3 yrs

Brad Kopp

TITLE
Director
AGE
66
TENURE
5.3 yrs

Gary Tice

TITLE
Chairman & CEO
COMPENSATION
$327K
AGE
70
TENURE
7.3 yrs

Adam Compton

TITLE
Director
AGE
52
TENURE
6.9 yrs

Bob Feerick

TITLE
Director
AGE
69
TENURE
6.9 yrs

John Guinee

TITLE
Director
AGE
52
TENURE
6.9 yrs

Mike Kerschner

TITLE
Director
COMPENSATION
$12K
AGE
65
TENURE
6.9 yrs

Jim Lindsay

TITLE
Director
AGE
69
TENURE
6.9 yrs

Ed Mace

TITLE
Director
AGE
61
TENURE
6.9 yrs

Don Major

TITLE
Director
AGE
72
TENURE
4.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess TGR Financial's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. TGR Financial has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

TGRF News

Simply Wall St News

TGRF Company Info

Description

TGR Financial, Inc. operates as the bank holding company for First Florida Integrity Bank that provides various banking products and services to individual and corporate customers in Southwest Florida. It offers checking and savings accounts, money market accounts, and individual retirement accounts, as well as certificates of deposits. The company also provides personal loans; mortgage loans; commercial real estate loans; commercial loans for the purchase of equipment, vehicles, and other business expenditures; revolving lines of credit for working capital needs; credit and debit cards; gift cards; and investment products. In addition, it offers title insurance protection and settlement services to borrowers, sellers, purchasers, lenders, and realtors; and personal account and business banking services, as well as provides online and mobile banking services. TGR Financial, Inc. was founded in 2007 and is based in Naples, Florida.

Details
Name: TGR Financial, Inc.
TGRF
Exchange: OTCPK
Founded: 2007
$198,185,510
17,308,627
Website: http://www.firstfloridaintegritybank.com
Address: TGR Financial, Inc.
3560 Kraft Road,
Naples,
Florida, 34105,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK TGRF Common Stock Pink Sheets LLC US USD 18. Jul 2016
Number of employees
Current staff
Staff numbers
0
TGR Financial employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/24 00:45
End of day share price update: 2019/05/23 00:00
Last earnings filing: 2018/01/30
Last earnings reported: 2017/12/31
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.