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Page: Company Financials

First Choice Bancorp

Ticker: FCBP | Industry: Banks - Regional | Sector: Financial Services
$29.10 -0.30 (-1.02%)
As of: 2021-07-21

Master Data Export

Enterprise Value

Metric MRQ MRQ-1 2020 2019 2018 2017 2016 2015
Stock Price 24.31 18.49 15.79 23.13 26.80 27.00 27.00 27.00
Market Capitalization 282.34M 216.44M 184.67M 269.85M 237.94M 191.74M 189.96M 162.91M
(-) Cash & Equivalents 309.45M 236.38M 202.33M 196.93M 151.64M 111.71M 99.42M 85.24M
(+) Total Debt 190.00M 147.00M 196.41M 125.51M 73.23M 31.34M 12.50M 14.00M
Enterprise Value 162.90M 127.06M 178.74M 198.43M 159.53M 111.37M 103.05M 91.67M

Income Statement

Metric TTM TTM-1 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31
Revenue 98M 84M 93M 84M 58M 39M 36M 31M 23M 15M
Cost of Revenue 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
Gross Profit 98M 84M 93M 84M 58M 39M 36M 31M 23M 15M
Gross Profit Margin 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
R&D Expenses 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
SG&A Expenses 4M 62M 34M 30M 22M 18M 16M 14M 10M 7M
Operating Expenses -37M 62M 51M 58M 41M -18M -16M -16M -12M -9M
Operating Income (EBIT) 135M 22M 42M 26M 17M 57M 52M 47M 35M 24M
Operating Income Margin 137.7% 25.8% 45.3% 31.1% 29.8% 145.2% 143.9% 151.6% 150.3% 156.3%
Interest Income 0M 0M 0M 0M 0M 0M 0M 0M 0M 0M
Interest Expense 5M 12M 7M 12M 9M 6M 6M 6M 4M 3M
Net Interest Income -5M -12M -7M -12M -9M -6M -6M -6M -4M -3M
Unusual Items -81M 26M 6M 26M 13M -35M -31M -32M -23M -17M
EBT Excluding Unusual Items 130M 10M 35M 14M 9M 51M 46M 41M 30M 21M
Pre-Tax Income 49M 36M 41M 40M 22M 15M 14M 9M 7M 4M
Pre-Tax Margin 49.5% 43.1% 44.3% 47.4% 36.9% 39.4% 39.3% 30.1% 30.3% 24.9%
Income Tax Expense 14M 11M 12M 12M 6M 8M 6M 4M 3M 1M
Net Income 34M 25M 29M 28M 15M 7M 8M 5M 4M 3M
Net Income Margin 34.8% 30.4% 31.3% 33.1% 25.9% 18.8% 23.1% 17.5% 17.7% 17.5%
Depreciation & Amortization 2M 2M 2M 2M 1M 1M 1M 1M 0M 0M
EBITDA 137M 23M 44M 28M 18M 57M 52M 47M 35M 24M
EBITDA Margin 139.6% 27.9% 47.3% 33.2% 31.4% 146.6% 145.4% 153.3% 152.1% 158.8%
NOPAT 95M 15M 30M 18M 12M 27M 30M 27M 20M 17M
NOPAT Margin 96.8% 18.2% 32.0% 21.7% 20.9% 69.2% 84.5% 88.1% 87.7% 109.8%
Owner's Earnings 36M 26M 30M 29M 15M 7M 9M 6M 3M 3M
Owner's Earnings Margin 36.2% 30.6% 31.9% 34.1% 26.1% 18.7% 24.0% 18.0% 14.8% 17.5%
EPS (Basic) 2.92 2.17 2.47 2.38 1.29 1.04 1.18 0.88 0.86 0.57
EPS (Diluted) 2.92 2.17 2.47 2.38 1.29 1.02 1.17 0.87 0.86 0.57
Shares (Basic) 12M 12M 12M 12M 12M 7M 7M 6M 5M 5M
Shares (Diluted) 12M 12M 12M 12M 12M 7M 7M 6M 5M 5M

Product Segments

Metric TTM TTM-1 2020-12-31 2019-12-31 2018-12-31
Change in Fair Value of Equity Securities 0.00M 0.00M 0.04M 0.08M 0.00M
Gain on Sale of Loans 4.98M 0.38M 4.65M 3.67M 0.00M
Net Servicing Fees 0.82M 0.22M 0.64M 0.85M 0.00M
Other Noninterest Income 0.16M 0.18M 0.16M 0.18M 0.11M
Service Charges and Fees on Deposit Accounts 1.85M 1.96M 1.97M 1.94M 1.24M

Balance Sheet

Metric MRQ MRQ-1 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31
Cash & Cash Equivalents 309.45M 236.38M 236.38M 161.80M 194.38M 103.13M 103.67M 97.44M 69.00M 30.56M
Short-Term Investments 37.38M 42.03M 42.03M 26.65M 29.54M 35.00M 35.79M 24.97M 41.10M 56.06M
Cash & Short-Term Investments 346.82M 278.41M 278.41M 188.45M 223.92M 138.13M 139.46M 122.41M 110.10M 86.61M
Net Receivables 9.36M 9.57M 9.57M 5.45M 5.07M 3.11M 7.73M 4.98M 3.45M 2.80M
Inventory 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Assets -326.73M -176.94M -176.94M -166.55M 3.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Current Assets 29.45M 111.04M 111.04M 27.36M 231.99M 141.24M 147.19M 127.39M 113.55M 89.42M
Property, Plant & Equipment 1.81M 2.15M 2.15M 1.54M 1.97M 1.04M 1.04M 1.38M 1.54M 0.88M
Goodwill 73.43M 73.43M 73.43M 73.43M 73.43M 0.00M 0.00M 0.00M 0.00M 0.00M
Intangible Assets 4.77M 4.96M 4.96M 5.73M 6.58M 0.00M 0.00M 0.00M 0.00M 0.00M
Long-Term Investments 41.50M 46.18M 46.18M 34.40M 37.40M 40.30M 41.47M 40.98M 41.10M 56.06M
Tax Assets 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Assets -43.30M -46.38M -46.38M 1,381.32M 1,271.14M -41.34M -42.50M -42.36M -42.64M -56.94M
Other Assets 0.00M 0.00M 0.00M 0.00M 0.00M 721.22M 673.76M 642.19M 470.29M 293.70M
Total Non-Current Assets 78.19M 80.33M 80.33M 1,496.42M 1,390.51M 721.22M 673.76M 642.19M 470.29M 293.70M
Total Assets 107.65M 191.37M 191.37M 1,523.78M 1,622.50M 862.46M 820.95M 769.58M 583.83M 383.12M
Accounts Payable 12.78M 16.50M 16.50M 15.23M 8.65M 0.11M 5.45M 5.01M 2.10M 0.88M
Short-Term Debt 95.00M 145.00M 145.00M 90.00M 90.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Tax Payables 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Revenue 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Current Liabilities 0.00M 0.00M 0.00M 0.00M 0.00M -0.11M -5.45M -5.01M -2.10M -0.88M
Total Current Liabilities 107.78M 161.50M 161.50M 105.23M 98.65M 0.00M 0.00M 0.00M 0.00M 0.00M
Long-Term Debt 95.00M 2.00M 2.00M 9.60M 8.45M 20.35M 0.00M 6.00M 32.00M 27.00M
Capital Lease Obligations 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Deferred Tax Liabilities 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Current Liabilities 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Non-Current Liabilities 95.00M 2.00M 2.00M 9.60M 8.45M 20.35M 0.00M 6.00M 32.00M 27.00M
Total Liabilities 202.78M 163.50M 163.50M 114.83M 107.10M 20.35M 0.00M 6.00M 32.00M 27.00M
Preferred Stock 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock 219.30M 217.73M 217.73M 216.40M 217.51M 87.84M 87.18M 81.76M 48.85M 30.08M
Retained Earnings 65.98M 59.18M 59.18M 41.92M 23.99M 16.46M 13.72M 9.69M 7.26M 3.97M
Accumulated OCI 0.11M 0.54M 0.54M -0.01M -0.70M -0.54M -0.44M -0.33M -0.61M -2.30M
Minority Interest 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Total Shareholders’ Equity 285.39M 277.45M 277.45M 258.31M 240.80M 103.75M 100.46M 91.11M 55.50M 31.75M
Total Equity 285.39M 277.45M 277.45M 258.31M 240.80M 103.75M 100.46M 91.11M 55.50M 31.75M
Total Liabilities & Equity 488.18M 440.95M 440.95M 373.14M 347.90M 124.10M 100.46M 97.11M 87.50M 58.75M
Tangible Assets 29.45M 112.99M 112.99M 1,444.63M 1,542.50M 862.46M 820.95M 769.58M 583.83M 383.12M
Tangible Equity 207.20M 199.07M 199.07M 179.16M 160.80M 103.75M 100.46M 91.11M 55.50M 31.75M
Tangible Book Value 207.20M 199.07M 199.07M 179.16M 160.80M 103.75M 100.46M 91.11M 55.50M 31.75M
Total Investments 78.87M 88.21M 88.21M 61.06M 66.95M 75.30M 77.25M 65.96M 82.20M 112.11M
Net Debt -119.45M -89.38M -89.38M -62.20M -95.93M -82.78M -103.67M -91.44M -37.00M -3.56M

Capital Metrics

Metric MRQ MRQ-1 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31
Working Capital -78.3M -50.5M -50.5M -77.9M 133.3M 141.1M 141.7M 122.4M 111.4M 88.5M
Total Capital 477.4M 427.7M 427.7M 361.4M 346.5M 126.0M 101.4M 98.4M 88.3M 59.5M
Capital Employed -0.1M 29.9M 29.9M 1,418.6M 1,523.9M 903.7M 858.0M 806.9M 624.4M 439.2M
Invested Capital 168.0M 191.4M 191.4M 199.6M 152.1M 22.9M -2.2M 1.0M 19.3M 28.9M

Cash Flow Statement

Metric TTM TTM-1 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31
Net Income 34.16M 25.39M 28.95M 27.85M 15.13M 7.35M 8.27M 5.39M 4.07M 2.68M
Depreciation & Amortization 1.95M 1.70M 1.85M 1.71M 0.92M 0.53M 0.55M 0.52M 0.42M 0.37M
Deferred Income Tax -0.83M 0.97M -1.45M 2.21M -0.03M 0.38M -0.34M -1.59M -1.75M -1.15M
Stock-Based Compensation 2.15M 2.03M 2.04M 1.95M 1.71M 1.52M 1.27M 1.02M 0.12M 0.04M
Change in Working Capital -0.21M 0.00M -0.21M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Accounts Receivable -0.21M 0.00M -0.21M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Inventory 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Accounts Payable 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Working Capital 0.21M 0.00M 0.21M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Non-Cash Items -10.12M 15.14M -3.30M 26.65M -17.39M 1.70M 8.44M -1.28M -0.10M 1.88M
Net Cash from Operating Activities 27.10M 45.22M 27.89M 60.36M 0.34M 11.48M 18.20M 4.07M 2.76M 3.83M
Capital Expenditures (PPE) -0.52M -1.53M -1.27M -0.85M -0.82M -0.53M -0.21M -0.36M -1.07M -0.37M
Acquisitions (Net) -21.60M 0.00M 0.00M 0.00M 111.04M 0.00M 0.00M 0.00M 0.00M 0.00M
Purchases of Investments -15.36M -15.07M -28.31M -2.09M -10.08M -8.60M -19.86M -4.03M 0.00M -14.29M
Sales / Maturities of Investments 14.24M 8.72M 14.82M 4.96M 7.25M 9.31M 18.83M 4.29M 17.43M 50.63M
Other Investing Activities -579.12M -171.65M -498.53M -128.71M -103.76M -49.36M -45.98M -151.41M -159.99M -145.88M
Net Cash from Investing Activities -602.36M -179.53M -513.29M -126.69M 3.63M -49.17M -47.21M -151.51M -143.63M -109.90M
Net Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Long-Term Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Short-Term Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Common Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 28.97M 18.41M 4.68M
Common Stock Repurchased -0.39M -3.50M -1.03M -9.42M -1.10M -0.17M -0.53M -0.07M 0.00M -5.12M
Preferred Stock Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Dividends Paid -11.73M -10.48M -11.70M -9.93M -7.58M -5.76M 0.00M 0.00M -0.78M -0.38M
Common Dividends Paid -11.73M -10.48M -11.70M -9.93M -7.58M -5.76M 0.00M 0.00M -0.78M -0.38M
Preferred Dividends Paid 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Other Financing Activities 722.86M 107.68M 571.68M 40.68M 97.86M 36.56M 41.61M 175.87M 180.09M 105.44M
Net Cash from Financing Activities 711.13M 97.20M 559.98M 30.75M 90.28M 30.79M 41.61M 175.87M 179.31M 105.06M
Effect of FX on Cash 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Net Change in Cash 135.87M -37.11M 74.58M -35.58M 94.24M -6.90M 12.59M 28.44M 38.45M -1.01M
Cash at Beginning of Period 809.32M 790.70M 161.80M 197.38M 103.13M 110.03M 97.44M 69.00M 30.56M 31.56M
Cash at End of Period 945.19M 753.60M 236.38M 161.80M 197.38M 103.13M 110.03M 97.44M 69.00M 30.56M
Operating Cash Flow 27.10M 45.22M 27.89M 60.36M 0.34M 11.48M 18.20M 4.07M 2.76M 3.83M
Capital Expenditure -0.52M -1.53M -1.27M -0.85M -0.82M -0.53M -0.21M -0.36M -1.07M -0.37M
Free Cash Flow 26.58M 43.70M 26.62M 59.51M -0.48M 10.95M 17.99M 3.71M 1.69M 3.46M

Free Cash Flow

Metric TTM TTM-1 2020-12-31 2019-12-31 2018-12-31 2017-12-31 2016-12-31 2015-12-31 2014-12-31 2013-12-31
EBITDA 96.28M 23.29M 59.99M 55.94M 37.56M 22.17M 20.52M 16.97M 13.41M 9.08M
(-) Tax Adjustment 28.59M 6.88M 17.60M 16.92M 11.21M 7.76M 7.18M 5.94M 4.69M 2.70M
(-) Change In Working Capital -0.21M 0.00M -0.21M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
(-) Capital Expenditure -0.52M -1.53M -1.27M -0.85M -0.82M -0.53M -0.21M -0.36M -1.07M -0.37M
Unlevered Free Cash Flow 67.38M 14.88M 41.33M 38.17M 25.54M 13.88M 13.13M 10.66M 7.64M 6.01M
(-) Net Interest Income After Taxes -3.70M -8.47M -4.86M -8.43M -6.11M -3.93M -3.93M -3.67M -2.90M -2.03M
Net Debt Issuance 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M 0.00M
Levered Free Cash Flow 71.08M 23.35M 46.19M 46.60M 31.65M 17.81M 17.06M 14.33M 10.54M 8.03M