Recent News
On January 23, 2026 the Board declared a $0.12 per share cash dividend payable February 28, 2026 to holders of record February 9, 2026. Analysts issued consensus “Hold” views during late 2025, with several firms trimming price targets (Hovde on October 29, 2025; other revisions through November 2025).
Technical Analysis
Directional indicators show mixed but slightly bullish bias: DI+ sits at 26.39 and displays an increasing trend, which supports short-term directional strength, while DI- (21.24) shows a dip-and-reversal that contributes near-term directional conflict; ADX at 15.86 indicates no dominant trend, so directional signals remain fragile.
MACD registers 0.28 with a peak-and-reversal trend, signaling waning upside momentum despite the MACD level exceeding its signal line (0.20); this suggests momentum leadership shows signs of topping even while short-term momentum measures remain positive.
MRO at 19.45 (peak-and-reversal) sits positive, implying price currently trades above the model target and that downside pressure into mean reversion represents a material near-term risk to gains.
RSI at 51.83 with a peak-and-reversal trend indicates momentum recently reached a local high and reversed, consistent with mixed intraday-to-weekly pressure rather than a sustained breakout.
Price sits at $30.00 above the 12-day EMA ($29.53) and the 50-day average ($28.66) while below the 200-day average ($30.78). The short-term moving averages rising and price above key short-term averages support near-term upside bias, but the 200-day average presents a nearby resistance band; the super trend lower at $29.08 provides a short-term technical support level.
Bollinger bands compress (upper ~$30.09, lower ~ $28.70), pointing to low volatility and potential for a directional expansion; 42-day beta 0.72 and 52-week beta 0.65 indicate below-market volatility that can lead to muted swings unless a catalyst expands activity. Volume recent averages sit modestly below longer-term averages, suggesting follow-through will require higher participation.
Fundamental Analysis
Earnings: GAAP EPS registered $0.91 versus an estimate of $0.79, constituting a 15.19% EPS surprise. Forward EPS stands at $0.895 and forward P/E equals 42.58. Quarterly and annual comparisons show a strong sequential earnings QoQ increase (earnings growth QoQ +348.64%) while year-over-year earnings display contraction (earnings growth YoY -228.91%). Net income for the period totaled $15.065 million, with total revenue $61.974 million.
Profitability and returns show modest effectiveness: return on assets equals 0.445% (above the industry peer mean of 0.377%), while return on equity equals 3.816% (below the industry peer mean of 4.703%). DuPont ROE decomposition sits at 3.89% overall.
Capital structure and liquidity reveal conservative leverage: debt-to-assets at 1.01% and debt-to-equity at 8.63% remain well below the industry peer mean levels (debt-to-assets mean ~17.23%, debt-to-equity mean shown substantially higher), providing balance-sheet flexibility and lower financial risk relative to typical regional-bank peers.
Valuation multiples: trailing P/E equals 43.72, below the industry peer mean of 50.08 and median of 52.22; price-to-book equals 1.32, above the industry peer mean of 0.89 and median of 1.07. Free cash flow yield equals 6.06%, slightly under the industry peer mean of 6.99% but materially positive; enterprise value to revenue stands near 8.98x. WMDST values the stock as fair-valued based on the combination of multiples, cash generation, and capital strength.
Growth and cash dynamics show mixed signals: total asset growth almost flat in the latest period (asset growth rate ~0.023%), while recent free cash flow yield improved substantially year-over-year (free cash flow yield YoY +113.36%); revenue growth metrics show a short-term positive read (recent revenue growth ~2.01%) but the year-over-year revenue comparator is negative (-15.27% YoY), indicating timing and comparability effects tied to recent acquisitions and portfolio shifts.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2026-01-26 |
| NEXT REPORT DATE: | 2026-04-27 |
| CASH FLOW | Begin Period Cash Flow | $ 274.6 M |
| Operating Cash Flow | $ 32.9 M | |
| Capital Expenditures | $ -1.25 M | |
| Change In Working Capital | $ 10.0 M | |
| Dividends Paid | $ -1.99 M | |
| Cash Flow Delta | $ -85.75 M | |
| End Period Cash Flow | $ 188.9 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 62.0 M | |
| Forward Revenue | $ 15.3 M | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | $ 807.0 K | |
| Depreciation and Amortization | $ 1.1 M | |
| Research and Development | — | |
| Total Operating Expenses | — | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | — | |
| Operating Income | — | |
| Interest Income | $ 64.9 M | |
| Interest Expense | $ 12.9 M | |
| Net Interest Income | $ 52.0 M | |
| Income Before Tax | $ 19.9 M | |
| Tax Provision | $ 4.8 M | |
| Tax Rate | 24.2 % | |
| Net Income | $ 15.1 M | |
| Net Income From Continuing Operations | $ 15.1 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.79 | |
| EPS Actual | $ 0.91 | |
| EPS Difference | $ 0.12 | |
| EPS Surprise | 15.19 % | |
| Forward EPS | $ 0.90 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 3.4 B | |
| Intangible Assets | $ 41.0 M | |
| Net Tangible Assets | $ 353.8 M | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | — | |
| Cash | $ 188.8 M | |
| Net Receivables | $ 19.0 M | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | $ 8.0 M | |
| Short-Term Debt | — | |
| Total Current Liabilities | — | |
| Net Debt | — | |
| Total Debt | $ 34.1 M | |
| Total Liabilities | $ 3.0 B | |
| EQUITY | ||
| Total Equity | $ 394.8 M | |
| Retained Earnings | $ 274.0 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 23.80 | |
| Shares Outstanding | 16.589 M | |
| Revenue Per-Share | $ 3.74 | |
| VALUATION | Market Capitalization | $ 522.2 M |
| Enterprise Value | $ 556.3 M | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | 8.976 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 8.586 | |
| Asset To Liability | 1.132 | |
| Debt To Capital | 0.079 | |
| Debt To Assets | 0.01 | |
| Debt To Assets QoQ | 0.0 % | |
| Debt To Assets YoY | -59.832 % | |
| Debt To Assets IPRWA | high: 0.253 mean: 0.172 median: 0.168 CBNK: 0.01 low: 0.006 |
|
| Debt To Equity | 0.086 | |
| Debt To Equity QoQ | -3.738 % | |
| Debt To Equity YoY | -62.274 % | |
| Debt To Equity IPRWA | high: 4.219 median: 2.449 mean: 2.22 CBNK: 0.086 low: 0.06 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.323 | |
| Price To Book QoQ | -7.61 % | |
| Price To Book YoY | 9.802 % | |
| Price To Book IPRWA | high: 2.697 CBNK: 1.323 median: 1.071 mean: 0.89 low: 0.0 |
|
| Price To Earnings (P/E) | 43.722 | |
| Price To Earnings QoQ | 13.021 % | |
| Price To Earnings YoY | 19.01 % | |
| Price To Earnings IPRWA | high: 81.671 median: 52.216 mean: 50.078 CBNK: 43.722 low: -0.125 |
|
| PE/G Ratio | -2.859 | |
| Price To Sales (P/S) | 8.427 | |
| Price To Sales QoQ | -7.436 % | |
| Price To Sales YoY | 12.336 % | |
| Price To Sales IPRWA | high: 26.376 CBNK: 8.427 median: 7.39 mean: 6.582 low: 0.005 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 42.576 | |
| Forward PE/G | -2.784 | |
| Forward P/S | 39.624 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | — | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.018 | |
| Asset Turnover Ratio QoQ | 3.1 % | |
| Asset Turnover Ratio YoY | 1.611 % | |
| Asset Turnover Ratio IPRWA | high: 0.024 CBNK: 0.018 mean: 0.01 median: 0.01 low: 0.004 |
|
| Receivables Turnover | 3.628 | |
| Receivables Turnover Ratio QoQ | 5.039 % | |
| Receivables Turnover Ratio YoY | 7.118 % | |
| Receivables Turnover Ratio IPRWA | high: 3.906 CBNK: 3.628 median: 3.095 mean: 2.726 low: 0.168 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 25.148 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 60.417 median: 29.484 mean: 29.061 low: 10.398 CBNK: 0 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | -0.02 | |
| CapEx To Depreciation | -1.546 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 428.8 M | |
| Net Invested Capital | $ 428.8 M | |
| Invested Capital | $ 428.8 M | |
| Net Tangible Assets | $ 353.8 M | |
| Net Working Capital | — | |
| LIQUIDITY | ||
| Cash Ratio | — | |
| Current Ratio | — | |
| Current Ratio QoQ | — | |
| Current Ratio YoY | — | |
| Current Ratio IPRWA | — | |
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | — | |
| Cost Of Debt | 38.206 % | |
| Interest Coverage Ratio | — | |
| Interest Coverage Ratio QoQ | — | |
| Interest Coverage Ratio YoY | — | |
| Interest Coverage Ratio IPRWA | — | |
| Operating Cash Flow Ratio | — | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 7.567 | |
| Dividend Payout Ratio | 0.132 | |
| Dividend Rate | $ 0.12 | |
| Dividend Yield | 0.004 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 0.023 % | |
| Revenue Growth | 2.009 % | |
| Revenue Growth QoQ | 0.0 % | |
| Revenue Growth YoY | -15.268 % | |
| Revenue Growth IPRWA | high: 15.791 % CBNK: 2.009 % median: -5.459 % mean: -7.013 % low: -14.145 % |
|
| Earnings Growth | -15.294 % | |
| Earnings Growth QoQ | 348.636 % | |
| Earnings Growth YoY | -228.911 % | |
| Earnings Growth IPRWA | high: 39.326 % mean: -11.054 % CBNK: -15.294 % median: -16.667 % low: -61.932 % |
|
| MARGINS | ||
| Gross Margin | — | |
| Gross Margin QoQ | — | |
| Gross Margin YoY | — | |
| Gross Margin IPRWA | — | |
| EBIT Margin | — | |
| EBIT Margin QoQ | — | |
| EBIT Margin YoY | — | |
| EBIT Margin IPRWA | — | |
| Return On Sales (ROS) | — | |
| Return On Sales QoQ | — | |
| Return On Sales YoY | — | |
| Return On Sales IPRWA | — | |
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 31.7 M | |
| Free Cash Flow Yield | 6.061 % | |
| Free Cash Flow Yield QoQ | -798.272 % | |
| Free Cash Flow Yield YoY | 11335.849 % | |
| Free Cash Flow Yield IPRWA | high: 15.733 % mean: 6.987 % median: 6.127 % CBNK: 6.061 % low: -0.474 % |
|
| Free Cash Growth | -770.025 % | |
| Free Cash Growth QoQ | 535.848 % | |
| Free Cash Growth YoY | 681.64 % | |
| Free Cash Growth IPRWA | high: 511.08 % mean: -323.424 % median: -369.85 % low: -613.294 % CBNK: -770.025 % |
|
| Free Cash To Net Income | 2.101 | |
| Cash Flow Margin | 19.62 % | |
| Cash Flow To Earnings | 0.807 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.06 | |
| Return On Assets (ROA) | 0.445 % | |
| Return On Assets QoQ | 14.103 % | |
| Return On Assets YoY | 28.242 % | |
| Return On Assets IPRWA | high: 0.582 % CBNK: 0.445 % mean: 0.377 % median: 0.368 % low: 0.079 % |
|
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | 0.038 | |
| Return On Equity QoQ | 10.385 % | |
| Return On Equity YoY | 23.256 % | |
| Return On Equity IPRWA | high: 0.054 median: 0.052 mean: 0.047 CBNK: 0.038 low: -0.007 |
|
| DuPont ROE | 3.89 % | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |