For those investors who happen to be shopping for banks, there are a number of metrics one is to look for in comparing prospective investment opportunities. In Part 1 of this three part series, I talked about how the three key metrics of net interest margin, efficiency ratio and return-on-net-worth (or return on equity) - though not exclusively what one should examine, can get the DIY investor far down the road in their analysis.
For brevity's sake, I will not rehash these metrics as they were defined previously. The balance of this article is simply to provide them for all the banks on the Contenders tab of David Fish's CCC list.
What follows is data from the last complete year given, pulled from the company's own filings for the overwhelming majority of cases. However, there were a few (Bank of Utica (OTCPK:BKUTK), for instance) which needed to be pulled from other sources - usually FDIC call data.
One final caveat - the basic equation was used (Net Interest Margin = net interest income / total average-earning assets; Efficiency Ratio = noninterest expense / revenue; Return on Net-Worth = net income / shareholders' equity). No attempt was made to peruse footnote data or non-GAAP measures to reconcile what they reported vs. the basic equation results.
|Bank Name (Symbol)||NIM||Efficiency Ratio||ROE|
|Arrow Financial Corp (NASDAQ:AROW)||2.84%||58.09%||11.53%|
|Auburn National Bankcorp (NASDAQ:AUBN)||3.17%||51.67%||9.83%|
|BancFirst Corporation (NASDAQ:BANF)||3.11%||60.52%||10.09%|
|Bank of Marin Bancorp (NASDAQ:BMRC)||3.78%||59.71%||8.60%|
|Bank of the Ozarks (NASDAQ:OZRK)||5.06%||37.10%||12.44%|
|Bank of Utica||1.95%||23.95%||5.40%|
|Bar Harbor Bankshares (NYSEMKT:BHB)||3.05%||48.14%||10.01%|
|BOK Financial Corporation (NASDAQ:BOKF)||2.54%||63.44%||8.93%|
|Cambridge Bancorp (OTCQB:CATC)||3.90%||66.32%||12.55%|
|CCFNB Bancorp (OTCPK:CCFN)||3.07%||58.39%||8.32%|
|Chesapeake Financial Shares (OTCQB:CPKF)||3.51%||73.34%||9.75%|
|Citizens Financial Services (OTCPK:CZFS)||3.44%||54.39%||9.71%|
|Community Bank System (NYSE:CBU)||3.55%||60.86%||8.00%|
|Cullen/Frost Bankers, Inc. (NYSE:CFR)||2.79%||64.34%||9.66%|
|Eagle Bancorp Montana (NASDAQ:EBMT)||3.26%||79.83%||4.77%|
|Enterprise Bancorp (NASDAQ:EBTC)||3.85%||66.78%||8.95%|
|Farmers and Merchants Bancorp (OTCQX:FMAO)||3.39%||58.66%||8.80%|
|First Keystone Corporation (OTCPK:FKYS)||3.03%||53.34%||8.46%|
|First of Long Island Corp. (NASDAQ:FLIC)||2.70%||46.28%||10.32%|
|First Robinson Financial Corp. (OTCPK:FRFC)||3.25%||61.32%||9.03%|
|HDFC Bank Limited (NYSE:HDB)||3.92%||24.97%||16.47%|
|Honesdale National Bank (OTCPK:HONT)||3.57%||55.32%||8.25%|
|Isabella Bankcorp (OTCQX:ISBA)||3.02%||59.91%||7.46%|
|Landmark Bancorp (NASDAQ:LARK)||3.77%||63.48%||13.04%|
|Lyons Bancorp (OTCPK:LYBC)||3.29%||60.06%||11.46%|
|Minden Bancorp (OTCPK:MDNB)||3.18%||36.72%||8.86%|
|Muncy Bank Financial, Inc. (OTCPK:MYBF)||3.85%||51.53%||10.96%|
|National Bankshares (NASDAQ:NKSH)||3.52%||48.92%||9.20%|
|Northeast Indiana Bancorp (OTCQB:NIDB)||3.65%||54.34%||11.84%|
|Norwood Financial (NASDAQ:NWFL)||3.56%||50.53%||5.85%|
|People's United Financial (NASDAQ:PBCT)||2.88%||60.56%||5.50%|
|Prosperity Bancshares (NYSE:PB)||3.34%||39.66%||8.28%|
|PSB Holdings (OTCPK:PSBQ)||3.45%||59.39%||11.91%|
|Republic Bankcorp (NASDAQ:RBCAA)||3.27%||59.51%||5.18%|
|Southside Bancshares (NASDAQ:SBSI)||3.02%||58.70%||10.04%|
|UMB Financial Corporation (NASDAQ:UMBF)||2.28%||78.4%||6.13%|
|Westamerica Bancorp (NASDAQ:WABC)||3.04%||57.11%||11.04%|
In part 3, these same ratios will be run for the remaining 70+ companies that make up the CCC list. Stay tuned.
Disclosure: I am not a professional investor, and as such, the companies and/or positions mentioned and any associated analysis are related to my personal experience and expertise, and is not intended to be a recommendation to buy or sell. As everyone has their own risk tolerance, goals and needs, it is important that you perform your own due diligence.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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