Bancorp of New Jersey, Inc. :BKJ-US: Earnings Analysis: Q3, 2016 By the Numbers : November 11, 2016

Bancorp of New Jersey, Inc. reports financial results for the quarter ended September 30, 2016.

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

Highlights

  • Summary numbers: Revenues of USD 6.16 million, Net Earnings of USD 0.68 million.
  • 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):

2015-09-30 2015-12-31 2016-03-31 2016-06-30 2016-09-30
Relevant Numbers (Quarterly)
Revenues (mil) 5.86 5.87 6.31 6.15 6.16
Revenue Growth (%YOY) 0.09 4.97 6.62 0.15 5.14
Earnings (mil) 1.36 1.03 1.29 1.03 0.68
Earnings Growth (%YOY) 7.69 78.28 14.95 -20.32 -49.93
Net Margin (%) 23.17 17.61 20.48 16.76 11.04
EPS 0.22 0.17 0.21 0.16 0.11
Return on Equity (%) 7.55 5.68 7.01 5.51 3.59
Return on Assets (%) 0.67 0.51 0.65 0.51 0.33

Access our Ratings and Scores for Bancorp of New Jersey, Inc.

Market Share Versus Profits

Revenues History
Earnings History

BKJ-US‘s change in revenue this period compared to the same period last year of 5.14% is almost the same as its change in earnings, and is about average among the announced results thus far in its peer group, suggesting that BKJ-US is holding onto its market share. Also, for comparison purposes, revenues changed by 0.13% and earnings by -34.04% compared to the immediate last period.

Revenues Growth Versus Earnings Growth

Quadrant label definitions. Hover to know more

Leader, Earnings Focus, Laggard, Revenues Focus

Margins

The company’s decline in earnings has been influenced by the following factors: (1) Contraction of operating margins from 36.01% to 16.26% and (2) One-time items that contributed to a decrease in pretax margins from 35.77% to 16.26%

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

Access our Ratings and Scores for Bancorp of New Jersey, Inc.

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.

CapitalCube does not own any shares in the stocks mentioned and focuses solely on providing unique fundamental research and analysis on approximately 50,000 stocks and ETFs globally. Try any of our analysis, screener or portfolio premium services free for 7 days. To get a quick preview of our services, check out our free quick summary analysis of BKJ-US.