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Complete financial analysis of First Commerce Bank (CMRB) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of First Commerce Bank, a leading company in the Banks – Regional industry within the Financial Services sector.
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First Commerce Bank (CMRB)
About First Commerce Bank
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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 46.64M | 54.24M | 47.04M | 47.82M | 48.52M | 51.27M | 36.90M | 31.68M | 22.76M | 15.97M | 10.44M |
| Cost of Revenue | 413.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 46.22M | 54.24M | 47.04M | 47.82M | 48.52M | 51.27M | 36.90M | 31.68M | 22.76M | 15.97M | 10.44M |
| Gross Profit Ratio | 99.11% | 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 |
| General & Administrative | 3.13M | 1.65M | 1.48M | 1.01M | 1.27M | 2.18M | 1.65M | 1.37M | 947.00K | 992.00K | 1.01M |
| Selling & Marketing | 350.00K | 212.00K | 114.00K | 203.00K | 311.00K | 357.00K | 226.00K | 163.00K | 150.00K | 115.00K | 110.00K |
| SG&A | 24.68M | 1.86M | 1.59M | 1.21M | 1.58M | 16.24M | 12.50M | 10.67M | 8.87M | 7.60M | 6.81M |
| Other Expenses | 0.00 | -6.72M | -5.03M | -3.96M | -6.13M | -5.25M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 24.68M | 6.72M | 5.03M | 3.96M | 6.13M | 5.25M | 16.37M | 13.06M | 10.83M | 9.55M | 7.12M |
| Cost & Expenses | 24.68M | 32.37M | 24.61M | 33.23M | 35.08M | 35.24M | 16.37M | 13.06M | 10.83M | 9.55M | 7.12M |
| Interest Income | 0.00 | 52.97M | 46.22M | 46.75M | 48.02M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 5.27M | 6.60M | 3.64M | 9.45M | 14.75M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | -19.17M | 1.18M | 1.15M | 1.22M | 1.14M | 1.12M | -21.31M | -19.06M | -12.28M | -6.60M | -3.39M |
| EBITDA | -740.00K | 0.00 | 0.00 | 0.00 | 0.00 | 17.15M | -778.00K | -463.00K | -360.00K | -177.00K | 328.00K |
| EBITDA Ratio | -1.59% | -1.28% | -0.80% | -0.43% | -2.23% | -2.82% | -2.11% | -1.46% | -1.58% | -1.11% | 3.14% |
| Operating Income | 21.96M | 22.57M | 22.81M | 14.76M | 14.52M | 17.48M | 21.31M | 19.06M | 12.28M | 6.60M | 3.39M |
| Operating Income Ratio | 47.08% | 41.60% | 48.48% | 30.86% | 29.92% | 34.08% | 57.76% | 60.18% | 53.97% | 41.32% | 32.49% |
| Total Other Income/Expenses | -3.52M | -4.16M | -2.82M | -2.30M | -4.42M | -1.45M | -778.00K | -450.00K | -360.00K | -1.95M | -311.00K |
| Income Before Tax | 18.43M | 21.87M | 22.43M | 14.55M | 13.44M | 16.03M | 20.54M | 18.61M | 11.92M | 6.42M | 3.33M |
| Income Before Tax Ratio | 39.52% | 40.32% | 47.68% | 30.44% | 27.70% | 31.26% | 55.65% | 58.76% | 52.39% | 40.21% | 31.84% |
| Income Tax Expense | 4.66M | 5.28M | 5.74M | 3.97M | 3.96M | 3.10M | 6.93M | 6.93M | 4.36M | 1.97M | 198.00K |
| Net Income | 13.78M | 16.59M | 16.69M | 10.58M | 9.48M | 12.93M | 13.61M | 11.67M | 7.57M | 4.46M | 3.52M |
| Net Income Ratio | 29.54% | 30.59% | 35.47% | 22.13% | 19.54% | 25.23% | 36.88% | 36.85% | 33.26% | 27.90% | 33.74% |
| EPS | 0.58 | 0.70 | 0.72 | 0.46 | 0.42 | 0.57 | 0.59 | 0.52 | 0.49 | 0.31 | 0.24 |
| EPS Diluted | 0.58 | 0.69 | 0.71 | 0.46 | 0.41 | 0.56 | 0.59 | 0.52 | 0.49 | 0.31 | 0.24 |
| Weighted Avg Shares Out | 23.75M | 23.60M | 23.10M | 22.77M | 22.67M | 22.61M | 23.07M | 22.52M | 15.59M | 14.55M | 14.55M |
| Weighted Avg Shares Out (Dil) | 23.88M | 23.99M | 23.60M | 22.99M | 23.29M | 23.22M | 22.96M | 22.52M | 15.59M | 14.55M | 14.55M |
First Commerce Bancorp, Inc. Reports the Second Quarter and Year-to-Date 2024 Results and Adopts Second Stock Repurchase Program
First Commerce Bancorp, Inc. Reports the First Quarter 2024 Results and Declares a Quarterly Cash Dividend of $0.04 per Common Share
First Commerce Bancorp, Inc., Announces Continuation of Stock Repurchase Plan
First Commerce Bancorp, Inc., Reports the Fourth Quarter and the Full Year 2023 Results and Declares a Quarterly Cash Dividend of $0.04 Per Share
First Commerce Bancorp, Inc. and First Commerce Bank Announce New Chairman, Vice Chairman, and Corporate Secretary
First Commerce Bancorp, Inc., Reports Third Quarter and Year-to-Date 2023 Results and Declares a Quarterly Cash Dividend of $0.04 per share
First Commerce Bancorp, Inc. Announces Adoption of Initial Stock Purchase Program
First Commerce Bank Announces the Completion of Its Reorganization into First Commerce Bancorp, Inc., Reports Second Quarter and Year-to-Date 2023 Results and Declares a Quarterly Cash Dividend of $0.04 per share
Source: https://incomestatements.info
Category: Stock Reports