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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

Interest Coverage 4.08
TOFC's Interest Coverage is ranked lower than
99.99% of the 1543 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.64 vs. TOFC: 4.08 )
Ranked among companies with meaningful Interest Coverage only.
TOFC' s Interest Coverage Range Over the Past 10 Years
Min: 0  Med: 0.00 Max: 0
Current: 4.08
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 2/10

» TOFC's 10-Y Financials

Financials (Next Earnings Date: 0)

Revenue & Net Income
Equity & Asset
Oprt. Cash Flow & Free Cash Flow

» Details

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Dividend & Buy Back

Dividend Yield 1.32
TOFC's Dividend Yield is ranked lower than
84% of the 2098 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.90 vs. TOFC: 1.32 )
Ranked among companies with meaningful Dividend Yield only.
TOFC' s Dividend Yield Range Over the Past 10 Years
Min: 0  Med: 0.00 Max: 0
Current: 1.32
Dividend Payout 0.16
TOFC's Dividend Payout is ranked higher than
85% of the 1273 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.34 vs. TOFC: 0.16 )
Ranked among companies with meaningful Dividend Payout only.
TOFC' s Dividend Payout Range Over the Past 10 Years
Min: 0  Med: 0.00 Max: 0
Current: 0.16
Yield on cost (5-Year) 1.32
TOFC's Yield on cost (5-Year) is ranked lower than
83% of the 2495 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.43 vs. TOFC: 1.32 )
Ranked among companies with meaningful Yield on cost (5-Year) only.
TOFC' s Yield on cost (5-Year) Range Over the Past 10 Years
Min: 0  Med: 0.00 Max: 0
Current: 1.32

Valuation & Return


More Statistics

Revenue(Mil) $31
EPS $ 1.74
Short Percentage of Float0.12%
52-Week Range $12.92 - 26.00
Shares Outstanding(Mil)4.67

Business Description

Industry: Banks » Banks - Regional - US
Tower Financial Corporation is an Indiana corporation formed on July 8, 1998. It is a bank holding company provides a range of commercial and consumer banking services from six locations in the metropolitan area of Fort Wayne, Allen County, Indiana, and one location in Warsaw, Indiana. Its lending strategy is engaged in commercial and commercial mortgage loans and, to a lesser extent, on consumer and residential mortgage loans. Its loan portfolio consists of commercial and commercial real estate loans, residential mortgage loans and personal loans. It makes personal loans and lines of credit available to consumers for various purposes, such as the purchase of automobiles, boats and other recreational vehicles, and to make home improvements and personal investments. Its lending activities focus mainly on providing small- and medium-sized businesses in its market area with commercial loans. These loans are both secured and unsecured and are made available for general operating purposes, including acquisition of fixed assets such as real estate, equipment and machinery, and lines of credit collateralized by inventory and accounts receivable. It offers a broad array of deposit products, including checking, savings, and money market accounts, certificates of deposit and direct deposit services. The Company's investment management and trust services provide a range of traditional personal trust services to customers in its market area. Its trust services include estate planning and money management, as well as traditional revocable trusts, irrevocable trusts, charitable trusts, estate administration, guardianship administration, individual retirement account (IRA) administration, personal and institutional investment management, and custodial services. The Bank competes with numerous financial institutions, including other commercial banks, thrift institutions, credit unions and other banks as well as finance companies, insurance companies, mortgage companies, securities brokerage firms, money market funds, trust companies and other providers of financial services. Financial institutions and their holding companies are extensively regulated under federal and state law.

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