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

• Market Cap: N/A
• Dividend Yield: N/A
• Average Volume (3M): 4.00K
• Price to Earnings (P/E): 19.4
• Beta (1Y): 0.05
• 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: 3,177
• 30 Day Avg. Volume: 3,996
• 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: N/A
• Enterprise Value/Revenue: 4.78
• Enterprise Value/Gross Profit: 8.93
• Enterprise Value/Ebitda: 53.41
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 59 Neutral
• Price Target: $5.00 ▲(3.73% Upside)

The overall stock score reflects a mixed financial performance with strong revenue growth but declining profitability and cash flow concerns. Technical indicators suggest a neutral trend, while the valuation is moderate. The absence of dividend yield and earnings call data limits further insights.

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 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	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	5.60M	-740.00K	23.05M	23.58M	14.58M
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	237.50M	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: Negative
• Last Price: 4.82
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CMRB, the sentiment is Negative. The current price of 4.82 is below the 20-day moving average (MA) of 4.88, below the 50-day MA of 4.82, and above the 200-day MA of 4.74, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 48.09 is Neutral, neither overbought nor oversold. The STOCH value of 58.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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	$71.74M	9.92	10.73%	2.56%	9.06%	-16.04%
FUSB	70 Outperform	$71.13M	13.39	5.99%	2.16%	2.84%	-31.20%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
CMRB	59 Neutral	―	19.43	3.04%	―	8.43%	-39.75%
TCBS	54 Neutral	$47.47M	20.52	4.50%	1.00%	13.47%	―
GLBZ	49 Neutral	$13.66M	446.73	0.17%	2.09%	8.99%	-94.06%