First Commerce Bank (Lakewood New Jersey) (CMRB) AI Stock Analysis

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 13.98K
• Price to Earnings (P/E): 21.1
• Beta (1Y): >-0.01
• Revenue Growth: 11.50%
• EPS Growth: -24.76%
• Country: US
• Employees: 166
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.16
• Shares Outstanding: 20,782,110
• 10 Day Avg. Volume: 29,037
• 30 Day Avg. Volume: 13,983
• PEG Ratio: -0.38
• Price to Book (P/B): 0.63
• Price to Sales (P/S): 1.34
• P/FCF Ratio: -53.91
• Enterprise Value/Market Cap: 10.00T>
• Enterprise Value/Revenue: 5.11
• Enterprise Value/Gross Profit: 9.55
• Enterprise Value/Ebitda: 57.06
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 65 Neutral
• Price Target: $7.00 ▲(13.82% Upside)
• Action: Reiterated Date: 12/19/25
• Date: Action: Reiterated 12/19/25

The overall stock score of 64.9 reflects a mixed financial performance with strong revenue growth but declining profitability and concerning cash flow issues. Technical analysis indicates bullish momentum, though overbought signals suggest caution. Valuation is moderate, with no dividend yield to attract income investors.

Positive Factors

Revenue growth recovery

An 18.09% revenue increase signals renewed demand and business momentum for a regional bank. Durable top-line growth supports scale economics, improves loan/deposit franchise value, and provides a platform to rebuild profitability and reserves over the next several quarters if sustained.

Stable equity ratio / capital base

A stable equity ratio provides a lasting capital buffer for a regional bank, supporting regulatory compliance, underwriting capacity, and loss absorption. This structural strength preserves lending flexibility and reduces the need for emergency capital actions during economic cycles.

Positive operating profitability

A positive EBIT margin demonstrates the business can generate operating earnings after core costs, a durable foundation for reinvestment and capital accumulation. While margins have compressed, persistent operating profitability supports long-term viability and strategic initiatives to restore margins.

Negative Factors

Very weak free cash flow conversion

Severely negative free cash flow growth and low cash conversion signal structural issues converting accounting profits into cash. This reduces funds available for lending, capital expenditures, or debt reduction, increasing reliance on external financing and constraining strategic flexibility over months.

Material margin compression

Significant declines in gross and net margins point to rising costs or weaker pricing power. Margin erosion is structural for profitability and returns on capital; unless expense control or revenue mix improvements occur, sustained lower margins will impair long-term earnings resilience and shareholder returns.

Rising leverage and weak ROE

Increasing leverage coupled with a low ROE raises financial risk and interest burden for a regional bank. Higher indebtedness with diminishing returns limits capital deployment, heightens regulatory scrutiny, and elevates vulnerability to downturns, constraining durable growth and earnings recovery.

First Commerce Bank (Lakewood New Jersey) Business Overview & Revenue Model

Company Description

First Commerce Bank provides various banking products and services to small and medium-sized businesses, professional entities, and individuals. Its business banking products and services include checking, business statement savings, money market, and deposit escrow sub-accounts, as well as ACH origination and remote deposit services; and personal banking products and services comprising checking, money market, and savings accounts. The company offers commercial/business loans, such as commercial mortgage, construction, SBA, and term loans, and equipment financing services, as well as line of credit. It also provides safe deposit boxes, telephone and mobile banking, online banking/bill payment, debit cards, and wire transfers services. First Commerce Bank primarily operates in the counties of Bergen, Mercer, Monmouth, and Ocean in New Jersey. The company was formerly known as Northern State Bank and changed its name to First Commerce Bank in June 2011. First Commerce Bank was founded in 2006 and is headquartered in Lakewood, New Jersey.

How the Company Makes Money

First Commerce Bank generates revenue primarily through the interest earned on loans provided to customers, which constitutes a significant portion of its income. The bank charges interest on various loan products, including mortgages, personal loans, and business loans, which typically carry higher rates than the interest it pays on deposits. Additionally, the bank earns fees from account services, such as overdraft fees, ATM fees, and transaction fees for business accounts. Wealth management and investment services also provide a stream of income through advisory fees and commissions. Partnerships with local businesses and community organizations may enhance customer reach and engagement, contributing positively to its overall financial performance.

First Commerce Bank (Lakewood New Jersey) Financial Statement Overview

Summary

First Commerce Bank exhibits a mixed financial performance. While revenue growth is strong at 18.09%, profitability margins have declined, and leverage has increased. The cash flow situation is concerning, with negative free cash flow growth and low cash conversion ratios. These issues need addressing for long-term stability.

Income Statement

First Commerce Bank shows a mixed performance in its income statement. The revenue growth rate of 18.09% in the latest year indicates a strong recovery from the previous year's decline. However, the gross profit margin has significantly decreased from nearly 100% to 43.34%, suggesting increased costs or reduced pricing power. The net profit margin also declined to 5.60%, reflecting lower profitability. Despite these challenges, the bank maintains a positive EBIT margin of 6.93%.

Balance Sheet

The balance sheet reflects a moderate level of leverage with a debt-to-equity ratio of 1.11, which has increased over the years, indicating higher reliance on debt financing. The return on equity has decreased to 2.62%, suggesting reduced efficiency in generating profits from shareholders' equity. However, the bank maintains a stable equity ratio, indicating a solid capital structure.

Cash Flow

The cash flow statement highlights some concerns, particularly with the negative free cash flow growth rate of -134.45%, indicating cash outflows exceeding inflows. The operating cash flow to net income ratio is very low at 0.21%, suggesting challenges in converting income into cash. The negative free cash flow to net income ratio further emphasizes cash flow issues, which could impact future liquidity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	72.29M	80.75M	46.64M	54.24M	47.04M	47.82M
Gross Profit	38.68M	34.99M	46.22M	47.64M	43.40M	47.82M
EBITDA	6.47M	7.58M	-740.00K	23.05M	23.58M	15.80M
Net Income	5.27M	4.52M	13.78M	16.59M	16.68M	10.58M
Balance Sheet
Total Assets	1.69B	1.55B	1.44B	1.29B	1.14B	1.04B
Cash, Cash Equivalents and Short-Term Investments	0.00	132.48M	61.72M	42.59M	113.34M	96.28M
Total Debt	256.48M	191.77M	130.00M	69.45M	9.79M	10.04M
Total Liabilities	1.52B	1.38B	1.26B	1.11B	963.90M	889.42M
Stockholders Equity	171.00M	172.27M	184.00M	180.39M	172.30M	154.24M
Cash Flow
Free Cash Flow	0.00	-2.01M	8.15M	21.12M	-3.85M	12.79M
Operating Cash Flow	0.00	329.00K	9.40M	21.64M	21.33M	14.13M
Investing Cash Flow	0.00	-35.20M	-121.94M	-228.44M	-78.02M	-11.81M
Financing Cash Flow	0.00	105.62M	131.67M	136.05M	73.75M	23.04M

First Commerce Bank (Lakewood New Jersey) Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 6.15
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CMRB, the sentiment is Positive. The current price of 6.15 is below the 20-day moving average (MA) of 6.57, below the 50-day MA of 6.25, and above the 200-day MA of 5.16, indicating a neutral trend. The MACD of 0.08 indicates Positive momentum. The RSI at 46.91 is Neutral, neither overbought nor oversold. The STOCH value of 2.23 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CMRB.

First Commerce Bank (Lakewood New Jersey) Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
CMRB	65 Neutral	―	21.05	3.61%	―	11.50%	-24.76%
KFFB	54 Neutral	$36.71M	44.21	1.11%	―	15.56%	―
BAFN	48 Neutral	$27.17M	-1.12	-11.14%	4.10%	1.63%	-508.72%
GLBZ	44 Neutral	$13.02M	-441.58	0.09%	―	5.76%	-72.73%