Commercial Bancgroup, Inc. Common Stock (CBK)

Analysis: Margins & Ratios Industry: Banks Sector: Financial Services Live Price: $25.56

Income Statement Margins

Metric	TTM	TTM-1	2024-12-31	2023-12-31
Revenue	132,898,465	—	133,331,396	112,202,857
Cost of Revenue	43,596,098	—	47,458,022	33,810,150
Cost of Revenue Margin	32.80%	—	35.59%	30.13%
Gross Profit	89,302,367	—	85,873,374	78,392,707
Gross Profit Margin	67.20%	—	64.41%	69.87%
R&D Expenses	0	—	0	0
R&D Expenses Margin	0.00%	—	0.00%	0.00%
SG&A Expenses	26,024,144	—	26,001,234	21,781,459
SG&A Expenses Margin	19.58%	—	19.50%	19.41%
Operating Expenses	45,401,982	—	45,301,396	38,700,357
Operating Expenses Margin	34.16%	—	33.98%	34.49%
Operating Income (EBIT)	43,900,385	—	40,571,978	39,692,350
Operating Income (EBIT) Margin	33.03%	—	30.43%	35.38%
Interest Income	122,639,293	—	123,212,969	102,637,111
Interest Income Margin	92.28%	—	92.41%	91.47%
Interest Expense	43,591,098	—	45,629,378	30,536,476
Interest Expense Margin	32.80%	—	34.22%	27.22%
Net Interest Income	79,048,195	—	77,583,591	72,100,635
Net Interest Income Margin	59.48%	—	58.19%	64.26%
Unusual Items	-79,048,195	—	-77,583,591	-72,100,635
Unusual Items Margin	-59.48%	—	-58.19%	-64.26%
EBT Excluding Unusual Items	122,948,580	—	118,155,569	111,792,985
EBT Excluding Unusual Items Margin	92.51%	—	88.62%	99.63%
Pre-Tax Income	43,900,385	—	40,571,978	39,692,350
Pre-Tax Income Margin	33.03%	—	30.43%	35.38%
Income Tax Expense	11,232,580	—	8,886,195	8,480,225
Income Tax Expense Margin	8.45%	—	6.66%	7.56%
Net Income	32,667,805	—	31,409,926	30,692,971
Net Income Margin	24.58%	—	23.56%	27.35%
Depreciation and Amortization	2,829,309	—	4,593,774	3,539,550
Depreciation and Amortization Margin	2.13%	—	3.45%	3.15%
EBITDA	46,729,694	—	45,165,752	43,231,900
EBITDA Margin	35.16%	—	33.87%	38.53%
NOPAT	32,667,805	—	31,685,783	31,212,125
NOPAT Margin	24.58%	—	23.76%	27.82%
Owner's Earnings	33,476,863	—	32,962,614	31,066,549
Owner's Earnings Margin	25.19%	—	24.72%	27.69%

Balance Sheet Margins

Metric	2024-12-31	2023-12-31
Revenue	133,331,396	112,202,857
Cash & Cash Equivalents	134,455,154	145,080,341
Cash & Cash Equivalents Margin	100.84%	129.30%
Short-Term Investments	99,824,856	52,041,398
Short-Term Investments Margin	74.87%	46.38%
Cash & Short-Term Investments	234,280,010	197,121,739
Cash & Short-Term Investments Margin	175.71%	175.68%
Net Receivables	7,187,304	8,240,516
Net Receivables Margin	5.39%	7.34%
Inventory	0	0
Inventory Margin	0.00%	0.00%
Other Current Assets	0	0
Other Current Assets Margin	0.00%	0.00%
Total Current Assets	241,467,314	205,362,255
Total Current Assets Margin	181.10%	183.03%
Property, Plant & Equipment	50,288,378	52,263,867
Property, Plant & Equipment Margin	37.72%	46.58%
Goodwill	8,514,092	8,510,851
Goodwill Margin	6.39%	7.59%
Intangible Assets	5,429,537	7,632,399
Intangible Assets Margin	4.07%	6.80%
Long-Term Investments	1,865,121,296	1,828,477,965
Long-Term Investments Margin	1,398.86%	1,629.62%
Tax Assets	1,078,881	154,289
Tax Assets Margin	0.81%	0.14%
Other Non-Current Assets	129,311,640	94,207,803
Other Non-Current Assets Margin	96.99%	83.96%
Other Assets	0	0
Other Assets Margin	0.00%	0.00%
Total Non-Current Assets	2,059,743,824	1,991,247,174
Total Non-Current Assets Margin	1,544.83%	1,774.68%
Total Assets	2,301,211,138	2,196,609,429
Total Assets Margin	1,725.93%	1,957.71%
Accounts Payable	4,224,695	3,643,453
Accounts Payable Margin	3.17%	3.25%
Short-Term Debt	3,391,566	6,046,531
Short-Term Debt Margin	2.54%	5.39%
Tax Payables	0	0
Tax Payables Margin	0.00%	0.00%
Deferred Revenue	0	0
Deferred Revenue Margin	0.00%	0.00%
Other Current Liabilities	1,938,596,955	1,819,922,632
Other Current Liabilities Margin	1,453.97%	1,621.99%
Total Current Liabilities	1,946,213,216	1,829,612,616
Total Current Liabilities Margin	1,459.68%	1,630.63%
Long-Term Debt	105,772,642	143,216,982
Long-Term Debt Margin	79.33%	127.64%
Capital Lease Obligations	0	0
Capital Lease Obligations Margin	0.00%	0.00%
Deferred Tax Liabilities	0	0
Deferred Tax Liabilities Margin	0.00%	0.00%
Other Non-Current Liabilities	28,969,497	28,002,508
Other Non-Current Liabilities Margin	21.73%	24.96%
Total Non-Current Liabilities	134,742,139	171,219,490
Total Non-Current Liabilities Margin	101.06%	152.60%
Total Liabilities	2,080,955,355	2,000,832,106
Total Liabilities Margin	1,560.74%	1,783.23%
Preferred Stock	0	0
Preferred Stock Margin	0.00%	0.00%
Common Stock	121,131	122,118
Common Stock Margin	0.09%	0.11%
Retained Earnings	212,310,977	182,903,720
Retained Earnings Margin	159.24%	163.01%
Accumulated OCI	-1,564,506	-1,724,275
Accumulated OCI Margin	-1.17%	-1.54%
Minority Interest	0	5,402,293
Minority Interest Margin	0.00%	4.81%
Total Shareholders’ Equity	220,255,783	190,375,030
Total Shareholders’ Equity Margin	165.19%	169.67%
Total Equity	220,255,783	195,777,323
Total Equity Margin	165.19%	174.49%
Total Liabilities & Equity	2,301,211,138	2,196,609,429
Total Liabilities & Equity Margin	1,725.93%	1,957.71%
Total Investments	1,964,946,152	1,880,519,363
Total Investments Margin	1,473.73%	1,676.00%
Net Debt	-25,290,946	4,183,172
Net Debt Margin	-18.97%	3.73%

Capital Metrics

Metric	2024-12-31	2023-12-31
Revenue	133,331,396	112,202,857
Working Capital	-1,704,745,902	-1,624,250,361
Working Capital Margin	-1,278.58%	-1,447.60%
Total Capital	329,419,991	339,638,543
Total Capital Margin	247.07%	302.70%
Capital Employed	354,997,922	366,996,813
Capital Employed Margin	266.25%	327.08%
Invested Capital	194,964,837	194,558,202
Invested Capital Margin	146.23%	173.40%

Cash Flow Margins

Metric	2024-12-31	2023-12-31
Revenue	133,331,396	112,202,857
Net Income	31,685,783	31,212,124
Net Income Margin	23.76%	27.82%
Depreciation & Amortization	4,593,774	3,539,550
Depreciation & Amortization Margin	3.45%	3.15%
Deferred Income Tax	0	0
Deferred Income Tax Margin	0.00%	0.00%
Stock-Based Compensation	2,143,530	458,624
Stock-Based Compensation Margin	1.61%	0.41%
Change in Working Capital	-704,718	336,385
Change in Working Capital Margin	-0.53%	0.30%
Accounts Receivable	1,053,212	-2,000,771
Accounts Receivable Margin	0.79%	-1.78%
Inventory	0	0
Inventory Margin	0.00%	0.00%
Accounts Payable	1,171,802	2,882,275
Accounts Payable Margin	0.88%	2.57%
Other Working Capital	-2,929,732	-545,119
Other Working Capital Margin	-2.20%	-0.49%
Other Non-Cash Items	957,566	3,340,387
Other Non-Cash Items Margin	0.72%	2.98%
Net Cash from Operating Activities	38,675,935	38,887,070
Net Cash from Operating Activities Margin	29.01%	34.66%
Capital Expenditures (PPE)	-3,041,086	-3,165,972
Capital Expenditures (PPE) Margin	-2.28%	-2.82%
Acquisitions (Net)	0	7,972,548
Acquisitions (Net) Margin	0.00%	7.11%
Purchases of Investments	-47,272,987	-16,648,939
Purchases of Investments Margin	-35.46%	-14.84%
Sales / Maturities of Investments	81,314,432	35,356,445
Sales / Maturities of Investments Margin	60.99%	31.51%
Other Investing Activities	-115,931,261	-151,469,389
Other Investing Activities Margin	-86.95%	-135.00%
Net Cash from Investing Activities	-84,930,902	-127,955,307
Net Cash from Investing Activities Margin	-63.70%	-114.04%
Net Debt Issuance	-40,689,866	6,676,867
Net Debt Issuance Margin	-30.52%	5.95%
Long-Term Debt Issuance	-38,034,901	8,366,151
Long-Term Debt Issuance Margin	-28.53%	7.46%
Short-Term Debt Issuance	-2,654,965	-1,689,284
Short-Term Debt Issuance Margin	-1.99%	-1.51%
Net Stock Issuance	-1,829,803	1,784,041
Net Stock Issuance Margin	-1.37%	1.59%
Common Stock Issuance	0	3,889,126
Common Stock Issuance Margin	0.00%	3.47%
Common Stock Repurchased	-1,829,803	-2,105,085
Common Stock Repurchased Margin	-1.37%	-1.88%
Preferred Stock Issuance	0	0
Preferred Stock Issuance Margin	0.00%	0.00%
Net Dividends Paid	-2,002,669	-1,495,287
Net Dividends Paid Margin	-1.50%	-1.33%
Common Dividends Paid	-2,002,669	-1,495,287
Common Dividends Paid Margin	-1.50%	-1.33%
Preferred Dividends Paid	0	0
Preferred Dividends Paid Margin	0.00%	0.00%
Other Financing Activities	113,034,486	176,132,320
Other Financing Activities Margin	84.78%	156.98%
Net Cash from Financing Activities	68,512,148	183,097,941
Net Cash from Financing Activities Margin	51.38%	163.18%
Effect of FX on Cash	0	0
Effect of FX on Cash Margin	0.00%	0.00%
Net Change in Cash	22,257,181	94,029,704
Net Change in Cash Margin	16.69%	83.80%
Cash at Beginning of Period	155,940,735	61,911,031
Cash at Beginning of Period Margin	116.96%	55.18%
Cash at End of Period	178,197,916	155,940,735
Cash at End of Period Margin	133.65%	138.98%
Operating Cash Flow	38,675,935	38,887,070
Operating Cash Flow Margin	29.01%	34.66%
Capital Expenditure	-3,041,086	-3,165,972
Capital Expenditure Margin	-2.28%	-2.82%
Free Cash Flow	35,634,849	35,721,098
Free Cash Flow Margin	26.73%	31.84%

Free Cash Flow Margins

Metric	2024-12-31	2023-12-31
Revenue	133,331,396	112,202,857
EBITDA	45,165,752	43,231,900
EBITDA Margin	33.87%	38.53%
(-) Tax Adjustment	9,892,337	9,236,446
(-) Tax Adjustment Margin	7.42%	8.23%
(-) Change In Working Capital	-704,718	336,385
(-) Change In Working Capital Margin	-0.53%	0.30%
(-) Capital Expenditure	-3,041,086	-3,165,972
(-) Capital Expenditure Margin	-2.28%	-2.82%
Unlevered Free Cash Flow	32,937,047	30,493,097
Unlevered Free Cash Flow Margin	24.70%	27.18%
(-) Net Interest Income After Taxes	60,591,003	56,696,417
(-) Net Interest Income After Taxes Margin	45.44%	50.53%
Net Debt Issuance	-40,689,866	6,676,867
Net Debt Issuance Margin	-30.52%	5.95%
Levered Free Cash Flow	-68,343,822	-19,526,453
Levered Free Cash Flow Margin	-51.26%	-17.40%