CSB Bancorp (CSBB) AI Stock Analysis

• Market Cap: $112.83M
• Dividend Yield: 3.72%
• Average Volume (3M): 152.00
• Price to Earnings (P/E): 10.6
• Beta (1Y): 0.06
• Revenue Growth: 8.22%
• EPS Growth: -21.69%
• Country: US
• Employees: 173
• Sector: Financial
• Sector Strength: 84
• Industry: Banks - Regional
• EPS (TTM): 4.03
• Shares Outstanding: 2,638,956
• 10 Day Avg. Volume: 22
• 30 Day Avg. Volume: 152
• PEG Ratio: -0.99
• Price to Book (P/B): 1.03
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 7.68
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

• Rating: 73 Outperform
• Price Target: ―

CSB Bancorp demonstrates solid financial performance with strong revenue growth and low leverage, making it a stable investment in the regional banking sector. Although profitability metrics like net profit margin and ROE have shown some decline, the company's robust cash flow and attractive valuation with a low P/E ratio and decent dividend yield enhance its overall appeal. Technical indicators provide mixed signals, but the stock's upward momentum and positive MACD suggest potential for continued growth.

CSB Bancorp Business Overview & Revenue Model

Company Description

CSB Bancorp, Inc. operates as the bank holding company for The Commercial and Savings Bank of Millersburg that provides a various banking, trust, financial, and brokerage services to corporate, institutional, and individual customers in Northeast Ohio. Its deposit products include checking and savings accounts, time deposits, and IRAs; and loan portfolio comprises personal, commercial, real estate mortgage, installment, consumer, and residential and commercial real estate loans. The company also provides safe deposit and night depository facilities. As of January 26, 2022, it had sixteen banking centers located in Holmes, Wayne, Tuscarawas, and Stark counties; and Trust offices located in Millersburg, North Canton, and Wooster, Ohio. The company was founded in 1879 and is based in Millersburg, Ohio.

How the Company Makes Money

CSB Bancorp generates revenue primarily through interest income derived from its lending activities, which include personal, commercial, and mortgage loans. A significant portion of its earnings comes from the interest rate spread between the interest it earns on loans and the interest it pays on deposits. Additionally, the company earns non-interest income through service charges, fees from its investment and wealth management services, and other banking-related fees. Partnerships with financial service providers and local businesses enhance its service offerings and contribute to its revenue. Key factors impacting its earnings include interest rate fluctuations, economic conditions in its operating regions, and regulatory developments.

CSB Bancorp Financial Statement Overview

Summary

CSB Bancorp demonstrates strong revenue growth and low leverage, positioning it well within the banking sector. However, declining net profit margins and ROE highlight areas for improvement in profitability and shareholder returns. The company's cash flow remains robust, supporting ongoing operations and potential future growth.

Income Statement

CSB Bancorp's income statement shows a strong growth trajectory, with Total Revenue increasing from $38.3M in 2022 to $51.6M in 2024, representing a healthy Revenue Growth Rate. The Gross Profit Margin remains stable as Total Revenue equals Gross Profit, indicating effective cost management. However, the Net Profit Margin has declined from 34.9% in 2023 to 19.4% in 2024, suggesting rising costs or other factors impacting net income.

Balance Sheet

The balance sheet reflects a solid financial position with a Debt-to-Equity Ratio of 0.22 in 2024, indicating low leverage and financial stability. The Equity Ratio improved to 9.6%, showcasing a growing equity base relative to total assets. Return on Equity (ROE) decreased from 13.7% in 2023 to 8.7% in 2024, which could be a concern if not addressed.

Cash Flow

The cash flow statement indicates positive free cash flow with a Free Cash Flow of $15.7M in 2024, consistent with previous years. The Operating Cash Flow to Net Income Ratio is strong at 1.56, suggesting efficient cash generation relative to reported earnings. However, Free Cash Flow Growth was modest, reflecting potential challenges in expanding cash flow.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
51.60M	42.20M	38.30M	34.13M	34.47M
	Gross Profit
51.60M	42.44M	38.30M	34.13M	34.47M
	EBIT
49.48M	18.38M	19.03M	13.40M	13.10M
	EBITDA
0.00	0.00	17.50M	14.29M	13.95M
	Net Income Common Stockholders
10.01M	14.76M	13.31M	10.84M	10.57M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
21.29M	64.08M	236.49M	375.37M	372.09M
	Total Assets
1.19B	1.18B	1.16B	1.14B	1.03B
	Total Debt
25.68M	1.75M	35.01M	39.94M	41.88M
	Net Debt
4.40M	-62.32M	-51.41M	-203.72M	-139.77M
	Total Liabilities
1.08B	1.07B	1.06B	1.05B	937.77M
	Stockholders Equity
114.83M	107.94M	95.92M	97.31M	93.86M
Cash Flow		Free Cash Flow
15.66M	15.20M	14.01M	12.92M	12.03M
	Operating Cash Flow
15.66M	15.63M	14.39M	15.02M	14.17M
	Investing Cash Flow
-8.08M	-39.13M	-183.46M	-57.98M	-136.11M
	Financing Cash Flow
1.85M	1.16M	11.83M	104.97M	201.58M

CSB Bancorp Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 42.76
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CSBB, the sentiment is Positive. The current price of 42.76 is above the 20-day moving average (MA) of 41.47, above the 50-day MA of 41.54, and above the 200-day MA of 38.85, indicating a bullish trend. The MACD of 0.27 indicates Negative momentum. The RSI at 74.30 is Negative, neither overbought nor oversold. The STOCH value of 75.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CSBB.

CSB Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CSBB	73 Outperform	$112.83M	10.61	9.39%	3.72%	8.22%	-21.69%
SBFG	72 Outperform	$126.59M	11.45	8.80%	2.94%	7.38%	-3.85%
Sector *	64 Neutral	$12.78B	9.75	7.54%	17015.06%	12.09%	-7.43%
AFBI	64 Neutral	$114.32M	20.07	4.84%	―	8.74%	-1.73%
SRBK	63 Neutral	$105.51M	646.97	-0.05%	0.39%	―	―
MNSB	61 Neutral	$145.68M	14.43	-5.01%	2.12%	5.38%	-165.79%
RBKB	51 Neutral	$128.52M	―	-6.20%	―	-17.91%	-257.99%