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

• Market Cap: N/A
• Dividend Yield: 0.87%
• Average Volume (3M): 3.41K
• Price to Earnings (P/E): 18.9
• Beta (1Y): 0.07
• Revenue Growth: 8.43%
• EPS Growth: -39.75%
• Country: US
• Employees: 166
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.07
• Shares Outstanding: 20,782,110
• 10 Day Avg. Volume: 1,471
• 30 Day Avg. Volume: 3,407
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: 5.18
• Enterprise Value/Gross Profit: 4.40
• Enterprise Value/Ebitda: 116.78
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 63 Neutral
• Price Target: ―

CMRB's overall stock score reflects stable but pressured financial performance, with declining revenue and cash flows needing attention. Technical indicators suggest bearish short-term momentum. Valuation appears reasonable with a decent dividend yield. Lack of insights from the earnings call presents uncertainty about future performance.

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 interest income from loans and mortgages offered to individuals and businesses. The bank also earns money from interest on securities and investments. Non-interest income, such as fees from account services, transaction fees, and other financial services, also contributes to the bank's revenue. Strategic partnerships with local businesses and organizations enhance its service offerings and support community development, further reinforcing its revenue streams.

First Commerce Bank (Lakewood New Jersey) Financial Statement Overview

Summary

First Commerce Bank faces headwinds with declining revenue and net income in 2023, but maintains a strong gross profit margin. The balance sheet remains solid with adequate equity and manageable debt levels, although the increased leverage warrants monitoring. Cash flow management poses a challenge with reduced operating cash and free cash flow. The overall financial position is stable, but the bank must address declining cash flows and revenue growth to enhance performance.

Income Statement

First Commerce Bank has shown a decline in revenue and net income from 2022 to 2023, with the revenue decreasing by 14.03% and net income decreasing by 16.98%, indicating a challenging year. However, the gross profit margin remains strong at approximately 99%, suggesting effective cost management. The negative EBITDA margin is a concern, indicating potential operational inefficiencies.

Balance Sheet

The bank maintains a healthy equity ratio of 12.78%, with a stable equity base. The debt-to-equity ratio increased to 0.71, reflecting higher leverage but still within manageable limits. Return on equity is strong at 7.49%, indicating effective use of equity capital.

Cash Flow

Operating cash flow decreased significantly by 56.55% from 2022 to 2023, which poses a risk to liquidity. The free cash flow also dropped, showing a decline in cash available after capital expenditures. The operating cash flow to net income ratio stands at 0.68, indicating that the bank is generating reasonable cash from operations relative to its net income, but there's room for improvement.

Breakdown	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement
Total Revenue	46.64M	54.24M	47.04M	47.82M	48.52M
Gross Profit	46.22M	54.24M	47.04M	47.82M	48.52M
EBITDA	-740.00K	0.00	0.00	0.00	0.00
Net Income	13.78M	16.59M	16.68M	10.58M	9.48M
Balance Sheet
Total Assets	1.44B	1.29B	1.14B	1.04B	1.01B
Cash, Cash Equivalents and Short-Term Investments	61.72M	42.59M	113.34M	96.28M	70.92M
Total Debt	130.00M	69.45M	9.79M	10.04M	10.26M
Total Liabilities	1.26B	1.11B	963.90M	889.42M	865.93M
Stockholders Equity	184.00M	180.39M	172.30M	154.24M	142.89M
Cash Flow
Free Cash Flow	8.15M	21.12M	-3.85M	12.79M	13.21M
Operating Cash Flow	9.40M	21.64M	21.33M	14.13M	14.60M
Investing Cash Flow	-121.94M	-228.44M	-78.02M	-11.81M	-60.13M
Financing Cash Flow	131.67M	136.05M	73.75M	23.04M	23.30M

First Commerce Bank (Lakewood New Jersey) Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 4.80
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CMRB, the sentiment is Neutral. The current price of 4.8 is above the 20-day moving average (MA) of 4.75, above the 50-day MA of 4.70, and above the 200-day MA of 4.79, indicating a bullish trend. The MACD of 0.04 indicates Negative momentum. The RSI at 53.22 is Neutral, neither overbought nor oversold. The STOCH value of 65.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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
BOTJ	80 Outperform	$70.36M	9.84	10.73%	2.59%	9.06%	-16.04%
FUSB	69 Neutral	$69.17M	12.40	5.99%	2.19%	2.84%	-31.20%
Sector *	68 Neutral	$17.80B	11.94	9.89%	3.74%	9.69%	1.17%
CMRB	63 Neutral		18.88	3.04%	0.87%	8.43%	-39.75%
CARV	―	$14.87M	―	-37.16%	―	―	―
TCBS	57 Neutral	$48.19M	20.72	4.50%	0.98%	13.47%	―
GLBZ	51 Neutral	$13.10M	421.96	0.17%	2.21%	8.99%	-94.06%