County Bancorp, Inc. (Manitowoc, Wisconsin) :ICBK-US: Earnings Analysis: Q4, 2016 By the Numbers : January 20, 2017

County Bancorp, Inc. (Manitowoc, Wisconsin) reports financial results for the quarter ended December 31, 2016.

Highlights

  • Summary numbers: Revenues of USD 12.01 million, Net Earnings of USD 3.47 million.
  • Earnings growth due to the contribution of 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):

2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31
Relevant Numbers (Quarterly)
Revenues (mil) 12.01 12.78 11.71 9.37 9.85
Revenue Growth (%YOY) 21.97 40.62 40.65 14.94 20.11
Earnings (mil) 3.47 3.1 1.95 2.18 2.9
Earnings Growth (%YOY) 19.72 -6.85 -12.35 -13.86 27.08
Net Margin (%) 28.9 24.27 16.61 23.22 29.45
EPS 0.5 0.46 0.3 0.35 0.48
Return on Equity (%) 10.68 9.5 6.34 7.67 10.52
Return on Assets (%) 1.13 1.04 0.75 0.97 1.34

Access our Ratings and Scores for County Bancorp, Inc. (Manitowoc, Wisconsin)

Market Share Versus Profits

Revenues History
Earnings History

Compared to the same period last year, ICBK-US‘s change in revenue was close to the amount of its change in earnings. It remains to be seen how the rest of its peer group’s results will turn out and if ICBK-US‘s performance is a sign of any major shift in the composition of market share in this sector. Also, for comparison purposes, revenues changed by -6.02% and earnings by 11.93% compared to the previous period.

Margins

The company’s operating margins narrowed from 47.26% to 46.76%. In spite of this, the company’s earnings grew. This rise was influenced primarily by the presence of one-time items, which contributed to an improvement in pretax margins from 46.51% to 46.76%.

EBIT Margin History
PreTax Margin History

Access our Ratings and Scores for County Bancorp, Inc. (Manitowoc, Wisconsin)

Company Profile

County Bancorp, Inc. operates as a bank holding company. The company through its subsidiaries provides banking and financial services. Its services include demand interest bearing and noninterest bearing accounts, money market deposit accounts, NOW accounts, time deposits, remote merchant deposit capture, Internet banking, cash management services, safe deposit services, credit cards, debit cards, direct deposits, notary services, night depository, cashiers checks, drive-in tellers, banking by mail and consumer loans, collateralized and uncollateralized. It also offers secured and unsecured commercial loans as well as loans secured by residential and commercial real estate and issues stand-by letters of credit. County Bancorp was founded in May 1996 by William C. Censky, Timothy J. Schneider, Wayne D. Mueller and Mark R. Binversie and is headquartered in Manitowoc, WI.

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