Bancorp of New Jersey, Inc. :BKJ-US: Earnings Analysis: 2016 By the Numbers : February 14, 2017

Bancorp of New Jersey, Inc. reports financial results for the year ended December 31, 2016.

We analyze the earnings along side the following peers of Bancorp of New Jersey, Inc. – Parke Bancorp, Inc., Sun Bancorp, Inc., Two River Bancorp, Sussex Bancorp, Lakeland Bancorp, Inc., Unity Bancorp, Inc., Valley National Bancorp and Brunswick Bancorp (PKBK-US, SNBC-US, TRCB-US, SBBX-US, LBAI-US, UNTY-US, VLY-US and BRBW-US) that have also reported for this period.

Highlights

  • Earnings decline from worsening in operating margins as well as one-time items.

The table below shows the preliminary results and recent trends for key metrics such as revenues and net income (See complete table at the end of this report):

2016 2015 2014 2013 2012
Relevant Numbers (Annual)
Revenues 24.44 23.79 21.39 19.08 17.76
Revenue Growth (YOY) N/A N/A N/A N/A N/A
Earnings 4 4.81 3.79 4.65 4.2
Earnings Growth (YOY) -16.78 26.86 -18.56 10.81 26.43
Net Margin 16.37 20.21 17.72 24.4 23.65
EPS 0.64 0.79 0.7 0.87 0.81
Return on Equity 5.32 7.23 6.54 8.49 7.95
Return on Assets 0.49 0.62 0.56 0.79 0.81

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Margins

The company’s decline in earnings has been influenced by the following factors: (1) Contraction of operating margins from 30.86% to 25.11% and (2) One-time items that contributed to a decrease in pretax margins from 30.86% to 25.11%

EBIT Margin History
PreTax Margin History
EBIT Margin Versus PreTax Margin

Quadrant label definitions. Hover to know more

Operation driven Earnings, One-time Favorables, Low Earnings Base, One-time Unfavorables

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Company Profile

Bancorp of New Jersey, Inc. operates as a bank holding company. Its primary business is ownership and supervision of the bank. The company is operating through its subsidiary, Bank of New Jersey which conducts a traditional commercial banking business, accepting deposits from the general public, including individuals, businesses, non-profit organizations, and governmental units. The bank makes commercial loans, consumer loans, and both residential and commercial real estate loans. In addition, it provides other customer services and makes investments in securities, as permitted by law. The company was founded in November 2006 and is headquartered in Fort Lee, NJ.

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