FineMark Holdings (FNBT) AI Stock Analysis

• Market Cap: $311.85M
• Dividend Yield: N/A
• Average Volume (3M): 3.28K
• Price to Earnings (P/E): 62.1
• Beta (1Y): 0.19
• Revenue Growth: 23.81%
• EPS Growth: -2.26%
• Country: US
• Employees: 272
• Sector: Financial
• Sector Strength: 82
• Industry: Banks - Regional
• EPS (TTM): 0.42
• Shares Outstanding: 12,087,267
• 10 Day Avg. Volume: 7,413
• 30 Day Avg. Volume: 3,280
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 3.15
• Price to Cash Flow (P/CF): N/A
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

FineMark Holdings faces significant challenges with declining financial performance and high valuation. The company's high P/E ratio suggests overvaluation, and the technical indicators show neutral to bearish sentiment. While the balance sheet shows potential for equity growth, increased leverage poses a risk. The stock's overall score reflects these concerns, indicating a cautious outlook.

FineMark Holdings Business Overview & Revenue Model

Company Description

FineMark Holdings, Inc. operates as the holding company for FineMark National Bank & Trust that provides various banking products and financial services to individual and corporate clients. The company offers checking, savings, money market, health savings, individual retirement, repurchase, and interest on lawyer trust and trust accounts; certificates of deposit; and debit and credit cards. It also provides construction, home equity, home purchase, refinance, aircraft and marine, consumer goods, business expansion and working capital, and equipment purchase loans; line and letter of credit; loans secured by marketable securities; and safe deposit boxes, online service integration, and text and email alerts. In addition, the company offers foreign currency order and exchange, funds transfer, medallion guarantee, notary, overdraft, mobile and online banking, remote deposit capture, mobile check and direct deposit, bill pay, stop payment, merchant, automated clearing house, lockbox, ATM, positive pay, and insured cash sweep and certificate of deposit account registry services. Further, it provides financial planning services, such as asset protection, estate, charitable gift, retirement, educational, and business succession planning services; personalized business management services to professional athletes; and personal and business checks. Additionally, the company offers personal fiduciary services comprising investment management, real estate and special asset management, closely held family business management, and accounting and tax compliance, as well as estate planning documents, tax reviewing services, and estate settlement and wealth transfer; and investment solutions. It operates twelve banking offices in Lee, Collier and Palm Beach County, Florida, Maricopa County, Arizona, and Berkeley County, South Carolina. The company was incorporated in 2006 and is headquartered in Fort Myers, Florida.

How the Company Makes Money

FineMark Holdings Financial Statement Overview

Summary

FineMark Holdings faces challenges in sustaining revenue and profitability, as evidenced by declining revenue and net profit margins. The balance sheet shows increased leverage, requiring careful management to mitigate financial risk. Although free cash flow has decreased, the company remains cash flow positive, allowing operational continuity. Strategic adjustments may be necessary to enhance growth and profitability.

Income Statement

The company exhibited a decline in total revenue from $100.30 million in 2022 to $83.49 million in 2023, indicating a negative revenue growth rate. Despite this, the company managed to maintain a positive gross profit margin due to a higher gross profit than revenue. However, net profit margin decreased significantly from 22.29% in 2022 to 6.10% in 2023, reflecting a drop in profitability. The absence of EBITDA data for 2023 limits the analysis, but the decline in EBIT margin from 52.07% in 2022 to 18.62% in 2023 suggests operational challenges.

Balance Sheet

The balance sheet reveals an increase in total assets to $4.10 billion in 2023, coupled with a rise in total debt, leading to a higher debt-to-equity ratio of 2.87, indicating increased leverage. Stockholders' equity improved to $296.29 million, suggesting growth in equity capital. The equity ratio slightly decreased, indicating a marginally lower proportion of equity financing relative to total assets. Return on equity fell sharply from 8.59% in 2022 to 1.72% in 2023, pointing to reduced efficiency in generating returns from equity.

Cash Flow

The company's free cash flow declined from $29.66 million in 2022 to $6.18 million in 2023, showing a significant reduction in free cash flow growth rate. Operating cash flow also decreased, resulting in an unfavorable operating cash flow to net income ratio. Despite these challenges, the company maintained positive free cash flow, albeit reduced, which supports basic operational needs. The absence of significant capital expenses is a positive.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
173.05M	83.49M	100.30M	95.83M	86.79M	68.60M
	Gross Profit
141.85M	172.49M	100.30M	95.83M	86.79M	68.60M
	EBIT
45.20M	15.54M	52.23M	32.39M	28.57M	19.91M
	EBITDA
126.90M	0.00	32.92M	35.46M	31.52M	23.02M
	Net Income Common Stockholders
2.84M	5.10M	22.37M	25.03M	21.96M	15.21M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
317.61M	369.06M	1.04B	1.16B	817.15M	525.88M
	Total Assets
1.37B	4.10B	3.55B	3.38B	2.85B	2.17B
	Total Debt
126.15M	850.23M	462.86M	325.67M	398.71M	309.92M
	Net Debt
112.79M	481.17M	444.48M	63.91M	170.79M	258.88M
	Total Liabilities
1.24B	3.80B	3.29B	3.07B	2.64B	1.99B
	Stockholders Equity
130.56M	296.29M	260.31M	305.06M	211.06M	178.45M
Cash Flow		Free Cash Flow
8.31M	6.18M	29.66M	31.97M	8.03M	18.52M
	Operating Cash Flow
8.47M	7.90M	30.76M	34.59M	26.20M	21.46M
	Investing Cash Flow
-51.63M	-157.90M	-493.42M	-506.24M	-497.97M	-282.17M
	Financing Cash Flow
102.99M	500.69M	219.28M	505.48M	648.65M	278.07M

FineMark Holdings Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 26.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FNBT, the sentiment is Negative. The current price of 26 is below the 20-day moving average (MA) of 26.39, below the 50-day MA of 26.71, and below the 200-day MA of 26.36, indicating a bearish trend. The MACD of -0.24 indicates Positive momentum. The RSI at 33.19 is Neutral, neither overbought nor oversold. The STOCH value of 1.50 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FNBT.

FineMark Holdings Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SRCE	75 Outperform	$1.47B	11.05	12.51%	2.37%	12.26%	7.48%
SBSI	73 Outperform	$880.08M	9.94	11.16%	4.97%	15.33%	3.68%
FMBH	65 Neutral	$836.98M	10.57	9.62%	2.72%	17.70%	3.88%
LKFN	64 Neutral	$1.55B	16.39	14.02%	3.26%	9.38%	-0.59%
Sector *	63 Neutral	$14.35B	9.94	8.94%	4.37%	16.34%	-11.76%
HIFS	62 Neutral	$518.46M	18.51	6.72%	1.06%	14.02%	5.59%
FNBT	54 Neutral	$311.85M	62.11	1.95%	―	23.81%	-2.26%