ArrowMark Financial Corp. (BANX) Income Statement Analysis

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Complete financial analysis of ArrowMark Financial Corp. (BANX) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of ArrowMark Financial Corp., a leading company in the Asset Management industry within the Financial Services sector.

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ArrowMark Financial Corp. (BANX)

Industry: Asset Management

Sector: Financial Services

Website: https://www.stonecastle-financial.com/company.jsp

About ArrowMark Financial Corp.

StoneCastle Financial Corp. is a closed ended balanced mutual fund launched and managed by StoneCastle Asset Management LLC. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across the banking sector. It invests in dividend paying growth and value stocks of companies. For its fixed income portion, the fund invests in subordinated debt securities which are rated BBB- or better by Kroll Ratings. The fund employs fundamental analysis with bottom-up security picking approach by focusing on factors such as review of historical and prospective financial information, interviews with management and key employees of the prospective bank, financial models and projections, changes in interest rates, changes in unemployment rates, changes in home prices, changes in economic activity to create its portfolio. It employs proprietary research to create its portfolio. StoneCastle Financial Corp. was formed on February 7, 2013 and is domiciled in the United States.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013
Revenue	23.25M	7.86M	14.42M	9.85M	14.45M	11.84M	13.96M	8.68M	9.94M	6.67M	0.00
Cost of Revenue	3.77M	4.12M	3.77M	3.22M	3.58M	3.75M	3.85M	0.00	0.00	0.00	0.00
Gross Profit	19.48M	3.74M	10.65M	6.63M	10.87M	8.09M	10.11M	8.68M	9.94M	6.67M	0.00
Gross Profit Ratio	83.79%	47.63%	73.85%	67.30%	75.21%	68.32%	72.44%	100.00%	100.00%	100.00%	0.00%
Research & Development	0.00	0.21	0.62	0.70	0.71	0.62	0.67	0.00	0.00	0.00	0.00
General & Administrative	1.98M	1.64M	1.15M	1.36M	1.18M	1.24M	1.12M	1.03M	1.28M	1.14M	0.00
Selling & Marketing	0.00	0.00	71.39K	150.00K	150.00K	150.00K	216.67K	250.00K	437.50K	500.00K	0.00
SG&A	1.98M	1.64M	1.22M	1.51M	1.33M	1.39M	1.34M	1.28M	1.71M	1.64M	0.00
Other Expenses	0.00	849.81K	392.84K	563.27K	516.90K	415.99K	-2.01M	0.00	0.00	0.00	0.00
Operating Expenses	23.25M	2.49M	1.61M	2.07M	1.84M	1.80M	1.93M	1.67M	1.66M	2.14M	0.00
Cost & Expenses	1.53M	2.49M	1.61M	2.07M	1.84M	1.80M	1.93M	1.67M	1.66M	2.14M	0.00
Interest Income	28.20M	20.53M	14.70M	12.30M	11.96M	12.84M	13.12M	10.90M	8.16M	2.63M	0.00
Interest Expense	3.55M	2.33M	1.30M	765.86K	1.41M	1.90M	1.77M	1.78M	1.37M	489.17K	0.00
Depreciation & Amortization	1.63M	17.23M	6.70M	2.31M	3.69M	4.19M	5.94M	22.82K	0.00	0.00	0.00
EBITDA	22.16M	7.70M	12.63M	7.78M	12.61M	11.94M	12.03M	0.00	8.29M	4.53M	0.00
EBITDA Ratio	95.34%	97.93%	87.63%	78.98%	87.25%	100.85%	86.18%	80.80%	83.33%	67.95%	0.00%
Operating Income	20.53M	7.70M	12.63M	7.78M	12.61M	11.94M	12.03M	7.01M	8.29M	4.53M	0.00
Operating Income Ratio	88.31%	97.93%	87.63%	78.98%	87.25%	100.85%	86.18%	80.80%	83.33%	67.95%	0.00%
Total Other Income/Expenses	-281.35K	4.12M	3.77M	-1.14M	0.00	-2.26M	3.85M	0.00	0.00	0.00	0.00
Income Before Tax	20.25M	5.37M	12.81M	7.78M	12.61M	10.03M	12.03M	7.01M	8.29M	4.53M	0.00
Income Before Tax Ratio	87.10%	68.28%	88.84%	78.98%	87.25%	84.76%	86.18%	80.80%	83.33%	67.95%	0.00%
Income Tax Expense	0.00	8.58M	173.39K	1.00	14.17M	-161.14K	14.04M	-22.82K	0.00	0.00	0.00
Net Income	20.25M	5.37M	12.63M	7.78M	12.61M	10.03M	12.03M	7.01M	8.29M	4.53M	0.00
Net Income Ratio	87.10%	68.28%	87.63%	78.98%	87.25%	84.76%	86.18%	80.80%	83.33%	67.95%	0.00%
EPS	2.85	0.76	1.88	1.19	1.92	1.53	1.84	1.06	1.27	0.79	0.00
EPS Diluted	2.85	0.76	1.88	1.19	1.92	1.53	1.84	1.06	1.27	0.79	0.00
Weighted Avg Shares Out	7.11M	7.10M	6.72M	6.57M	6.56M	6.55M	6.54M	6.62M	6.52M	5.74M	5.74M
Weighted Avg Shares Out (Dil)	7.11M	7.10M	6.72M	6.57M	6.56M	6.56M	6.54M	6.62M	6.52M	5.74M	5.74M

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of July 2024

August 14, 2024globenewswire.com

DENVER, Aug. 14, 2024 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX's estimated and unaudited Net Asset Value (“NAV”) as of July 31, 2024, was $21.75.

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For income investors, closed-end funds remain an attractive investment class that covers various asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper draw-downs than the broader market....

ArrowMark Financial Corp. Releases Month End Estimated Net Asset Value as of June 2024

July 11, 2024globenewswire.com

DENVER, July 11, 2024 (GLOBE NEWSWIRE) -- ArrowMark Financial Corp., (NASDAQ: BANX) ("ArrowMark Financial"), today announced that BANX's estimated and unaudited Net Asset Value (“NAV”) as of June 30, 2024, was $21.58.

BANX: Producing Steady Cash Flow For Income Investors

June 24, 2024seekingalpha.com

ArrowMark Financial Corp is an enticing investment choice in the high-yield space, coming back down to an attractive discount level. BANX invests in regulatory capital relief securities, which have been helping deliver solid cash flows due to their floating rates....