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Complete financial analysis of Cornerstone Financial Corporation (CFIC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Cornerstone Financial Corporation, a leading company in the Banks – Regional industry within the Financial Services sector.
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Cornerstone Financial Corporation (CFIC)
About Cornerstone Financial Corporation
Cornerstone Financial Corporation operates as the bank holding company for Cornerstone Bank that provides various banking products and services for individuals and businesses. The company accepts checking and money market, savings, certificates of deposit, and individual retirement accounts. Its loan products include home equity line of credit; term and small business administration/government backed loans; business line of credit and letters of credit; and commercial mortgages. The company also offers remote deposit capture, reorder check, and online banking services. Cornerstone Financial Corporation was founded in 1999 and is based in Mount Laurel, New Jersey.
| Metric | 2022 | 2021 | 2020 | 2019 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 10.17M | 9.48M | 10.52M | 10.01M | 14.48M | 12.82M | 9.58M | 7.31M | 5.35M | 5.12M | 4.68M | 4.31M | 3.21M |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 10.17M | 9.48M | 10.52M | 10.01M | 14.48M | 12.82M | 9.58M | 7.31M | 5.35M | 5.12M | 4.68M | 4.31M | 3.21M |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 470.00K | 319.00K | 358.00K | 345.00K | 6.24M | 5.98M | 5.30M | 4.58M | 3.58M | 2.51M | 0.00 | 1.66M | 1.28M |
| Selling & Marketing | 97.00K | 25.00K | 26.00K | 42.00K | 165.00K | 133.00K | 128.00K | 141.00K | 127.00K | 149.00K | 0.00 | 76.00K | 59.00K |
| SG&A | 567.00K | 344.00K | 384.00K | 387.00K | 6.40M | 6.12M | 5.43M | 4.73M | 3.71M | 2.66M | 0.00 | 1.73M | 1.34M |
| Other Expenses | 0.00 | -2.06M | -2.02M | -1.76M | -22.89M | -15.80M | -16.03M | -12.29M | -9.28M | -7.25M | -3.81M | -5.04M | -4.08M |
| Operating Expenses | 10.24M | 2.06M | 2.02M | 1.76M | -16.49M | -9.68M | -10.60M | -7.56M | -5.57M | -4.59M | -3.81M | -3.30M | -2.74M |
| Cost & Expenses | 10.24M | 9.47M | 10.24M | 9.87M | -16.49M | -9.68M | -10.60M | -7.56M | -5.57M | -4.59M | -3.81M | -3.30M | -2.74M |
| Interest Income | 9.87M | 8.06M | 8.81M | 9.14M | 17.08M | 16.31M | 14.84M | 12.48M | 11.45M | 9.60M | 7.48M | 5.55M | 4.38M |
| Interest Expense | 399.00K | 698.00K | 1.76M | 2.57M | 4.30M | 4.58M | 5.87M | 5.59M | 6.42M | 4.76M | 2.80M | 1.41M | 1.33M |
| Depreciation & Amortization | 304.00K | 372.00K | 390.00K | 396.00K | 442.00K | 439.00K | 730.00K | 426.00K | 365.00K | 314.00K | 0.00 | 188.00K | 196.00K |
| EBITDA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 869.00K | 0.00 | 0.00 |
| EBITDA Ratio | -0.74% | 3.93% | 3.71% | 3.96% | -10.83% | 27.91% | -3.09% | 2.39% | 2.65% | 16.45% | 18.57% | 27.67% | 20.72% |
| Operating Income | -379.00K | 135.44K | 183.70K | 224.14K | -2.01M | 3.14M | -1.03M | -251.00K | -223.00K | 528.00K | 869.00K | 1.00M | 469.00K |
| Operating Income Ratio | -3.73% | 1.43% | 1.75% | 2.24% | -13.88% | 24.49% | -10.71% | -3.43% | -4.17% | 10.32% | 18.57% | 23.31% | 14.62% |
| Total Other Income/Expenses | 0.00 | -133.44K | 278.00K | 144.00K | -2.01M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | -379.00K | 2.00K | 278.00K | 144.00K | -2.01M | 3.14M | -1.03M | -251.00K | -223.00K | 528.00K | 869.00K | 1.00M | 469.00K |
| Income Before Tax Ratio | -3.73% | 0.02% | 2.64% | 1.44% | -13.88% | 24.49% | -10.71% | -3.43% | -4.17% | 10.32% | 18.57% | 23.31% | 14.62% |
| Income Tax Expense | -150.00K | -45.00K | 95.00K | -4.68M | -838.00K | 1.22M | -461.00K | -164.00K | -135.00K | 160.00K | 352.00K | 417.00K | 188.00K |
| Net Income | -229.00K | 47.00K | 183.00K | 4.82M | -1.17M | 1.92M | -565.00K | -87.00K | -88.00K | 368.00K | 517.00K | 587.00K | 281.00K |
| Net Income Ratio | -2.25% | 0.50% | 1.74% | 48.19% | -8.09% | 14.97% | -5.90% | -1.19% | -1.64% | 7.19% | 11.05% | 13.63% | 8.76% |
| EPS | -0.10 | 0.03 | 0.23 | 6.05 | -6.00 | 9.10 | -3.05 | -0.49 | -0.49 | 2.17 | 2.91 | 3.31 | 2.39 |
| EPS Diluted | -0.10 | 0.03 | 0.23 | 6.05 | -6.00 | 9.10 | -3.05 | -0.49 | -0.49 | 2.16 | 2.89 | 3.28 | 2.38 |
| Weighted Avg Shares Out | 2.19M | 1.37M | 798.00K | 798.00K | 195.40K | 195.40K | 185.44K | 178.85K | 178.85K | 169.78K | 177.37K | 177.24K | 117.58K |
| Weighted Avg Shares Out (Dil) | 2.19M | 1.37M | 798.00K | 798.00K | 195.40K | 195.40K | 185.44K | 178.85K | 178.85K | 170.71K | 179.07K | 178.71K | 117.85K |
Source: https://incomestatements.info
Category: Stock Reports