Company Quick10K Filing
National Commerce
10-K 2018-12-31 Filed 2019-03-04
10-Q 2018-09-30 Filed 2018-11-09
10-Q 2018-06-30 Filed 2018-08-09
10-Q 2018-03-31 Filed 2018-05-10
10-K 2017-12-31 Filed 2018-03-09
10-Q 2017-09-30 Filed 2017-11-09
10-Q 2017-06-30 Filed 2017-08-09
10-Q 2017-03-31 Filed 2017-05-10
10-K 2016-12-31 Filed 2017-03-10
10-Q 2016-09-30 Filed 2016-11-08
10-Q 2016-06-30 Filed 2016-08-08
10-Q 2016-03-31 Filed 2016-05-06
10-K 2015-12-31 Filed 2016-03-11
10-Q 2015-09-30 Filed 2015-11-12
10-Q 2015-06-30 Filed 2015-08-13
10-Q 2015-03-31 Filed 2015-05-15
10-K 2014-12-31 Filed 2015-02-20
10-Q 2014-09-30 Filed 2014-12-08
8-K 2019-04-01 M&A, Shareholder Rights, Control, Officers, Exhibits
8-K 2019-03-12 Other Events
8-K 2019-03-07 Shareholder Vote
8-K 2019-02-05 Other Events, Exhibits
8-K 2019-01-25 Other Events
8-K 2019-01-22 Earnings, Other Events, Exhibits
8-K 2019-01-07 Other Events, Exhibits
8-K 2018-12-12 Officers, Exhibits
8-K 2018-11-23 Enter Agreement, Officers, Other Events, Exhibits
8-K 2018-10-23 Earnings, Exhibits
8-K 2018-09-12 Officers, Exhibits
8-K 2018-08-28 Officers, Other Events, Exhibits
8-K 2018-08-01 M&A, Officers, Other Events, Exhibits
8-K 2018-07-30 Regulation FD, Exhibits
8-K 2018-07-24 Earnings, Exhibits
8-K 2018-07-01 Other Events, Exhibits
8-K 2018-06-26 Other Events
8-K 2018-05-22 Shareholder Vote
8-K 2018-05-01 Regulation FD, Exhibits
8-K 2018-04-24 Enter Agreement, Earnings, Other Events, Exhibits
8-K 2018-03-20 Enter Agreement, Other Events, Exhibits
8-K 2018-02-07 Regulation FD, Exhibits
8-K 2018-01-24 Earnings, Exhibits
8-K 2018-01-16 Officers, Exhibits
8-K 2018-01-01 Officers, Other Events, Exhibits

National Commerce Financials

NCOM Metrics, Comps, Filings

Quarterly | Annual

Business

We are a bank holding company headquartered in Birmingham, Alabama, that has elected to become a “financial holding company” under the Bank Holding Company Act of 1956, as amended (the “BHCA”). We engage in the business of banking through our wholly-owned banking subsidiary, National Bank of Commerce, which we may refer to as “the Bank” or “NBC.”

Through the Bank, we provide a broad array of financial services to businesses, business owners, and professionals. We operate seven full-service banking offices in Alabama, located in Birmingham, Huntsville, Auburn-Opelika, and Baldwin County, twenty‐four full‐service banking offices in central and northeast Florida (including under the trade names United Legacy Bank, Reunion Bank of Florida, Patriot Bank, FirstAtlantic Bank and Premier Community Bank of Florida) and five full‐service banking offices in the Atlanta, Georgia metro area (including under the trade names Private Bank of Buckhead, Private Bank of Decatur, PrivatePlus Mortgage and Landmark Bank).

We engage in the business of factoring commercial receivables through the Bank's ownership of a 70% equity interest in CBI Holding Company, LLC (“CBI”). CBI owns Corporate Billing, LLC (“Corporate Billing”), a transaction-based finance company headquartered in Decatur, Alabama, that provides factoring, invoicing, collection, and accounts receivable management services to transportation companies and automotive parts and service providers throughout the United States and parts of Canada.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Quarterly)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Quarterly)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Lakeland Bancorp (LBAI) 803 4.4 1% 6,492 5,779 0 0 52 118 522
Origin Bancorp (OBNK) 793 4.1 1% 5,397 4,809 0 0 54 118 484
Carolina Financial (CARO) 797 6.6 2% 3,980 3,358 0 0 62 115 763
ConnectOne Bancorp (CNOB) 778 6.4 1% 6,161 5,441 0 0 71 173 1,098
HomeStreet (HMST) 732 6.0 0% 6,836 6,145 0 0 22 131 782
Community Trust Bancorp (CTBI) 756 6.3 1% 4,338 3,732 0 0 49 85 534
Triumph Bancorp (TBK) 847 4.9 1% 5,040 4,406 0 0 60 149 732
Bryn Mawr Bank (BMTC) 743 5.4 1% 4,829 4,228 0 0 60 121 649
Univest of Pennsylvania (UVSP) 749 5.4 1% 5,354 4,689 0 0 69 127 683
German American Bancorp (GABC) 844 9.1 1% 4,356 3,793 0 0 54 93 844
National Commerce (NCOM) 740 6.4 1% 4,205 3,508 0 0 45 82 523
Trustco Bank N Y (TRST) 792 4.0 1% 5,222 4,696 0 0 44 85 342
Oritani Financial (ORIT) 813 0% 9.7 1% 3,990 3,460 2 0 51 126 1,212
Horizon Bancorp (HBNC) 781 5.6 1% 5,187 4,544 0 0 61 123 690
Byline Bancorp (BY) 734 4.7 1% 5,438 4,702 0 0 58 134 625
Allegiance Bancshares (ABTX) 725 4.5 1% 4,906 4,200 0 0 39 94 425
CBTX (CBTX) 706 5.0 2% 3,432 2,906 0 0 52 83 417
Banc of California (BANC) 715 0% 1.9 0% 8,625 7,724 3 0 21 194 371
Camden National (CAC) 692 4.9 1% 4,520 4,049 0 0 56 116 564
Live Oak Bancshares (LOB) 746 6.3 0% 4,604 4,075 0 0 11 118 746

Balance Sheet ($MM)2014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-31
Cash12315014219321212486123217319225135235133218200217
Accounts Receivable
Inventory
PP&E34282827403232324235355368666887114
Assets1,1381,2071,2571,3511,7631,7361,7361,7791,9512,4452,4182,5492,7383,1143,2144,1034,205
Accounts Payable
Long-Term Debt
Liabilities1,0021,0341,0821,1731,5471,5151,5101,5471,7142,1282,0552,1512,3382,6082,6983,4193,508
Stockholders' Equity129165167170217214219225230310356391393498509677689
Income Statement ($MM)2014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-31
Revenue
Cost of Revenue
Gross Profit
R&D
SG&A
Tax11122233374103643
Net Income23334555677110111311
Cash Flow ($MM)2014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-31
Cash Operating-3411148021-02610-519625
Cash Investing-33-62-51-80-65-25-24-73-51-67-81-13-13-27
Cash Financing63519085-31-1339168126-37187-10892-15