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Community First Bancorp (Community First Bancorp) Return-on-Tangible-Equity : 7,759.49% (As of Mar. 2024)


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What is Community First Bancorp Return-on-Tangible-Equity?

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Community First Bancorp's annualized net income for the quarter that ended in Mar. 2024 was $4,028 Mil. Community First Bancorp's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $52 Mil. Therefore, Community First Bancorp's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 7,759.49%.

The historical rank and industry rank for Community First Bancorp's Return-on-Tangible-Equity or its related term are showing as below:

CFOK' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -7.74   Med: 5.55   Max: 2062.06
Current: 2062.06

During the past 13 years, Community First Bancorp's highest Return-on-Tangible-Equity was 2,062.06%. The lowest was -7.74%. And the median was 5.55%.

CFOK's Return-on-Tangible-Equity is ranked better than
99.04% of 1455 companies
in the Banks industry
Industry Median: 10.72 vs CFOK: 2062.06

Community First Bancorp Return-on-Tangible-Equity Historical Data

The historical data trend for Community First Bancorp's Return-on-Tangible-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Community First Bancorp Return-on-Tangible-Equity Chart

Community First Bancorp Annual Data
Trend Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -7.74 4.18 6.91 13.06 8.32

Community First Bancorp Quarterly Data
Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Dec20 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.67 9.98 7.61 7.08 7,759.49

Competitive Comparison of Community First Bancorp's Return-on-Tangible-Equity

For the Banks - Regional subindustry, Community First Bancorp's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Community First Bancorp's Return-on-Tangible-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Community First Bancorp's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Community First Bancorp's Return-on-Tangible-Equity falls into.



Community First Bancorp Return-on-Tangible-Equity Calculation

Community First Bancorp's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=4.08/( (46.225+51.907 )/ 2 )
=4.08/49.066
=8.32 %

Community First Bancorp's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Mar. 2024 )  (Q: Dec. 2023 )(Q: Mar. 2024 )
=4027.716/( (51.907+0)/ 1 )
=4027.716/51.907
=7,759.49 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


Community First Bancorp  (OTCPK:CFOK) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


Community First Bancorp Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of Community First Bancorp's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Community First Bancorp (Community First Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
449 Highway 123 Bypass, Seneca, SC, USA, 29678
Community First Bancorp operates as a bank holding company that engages in the provision of domestic commercial banking services. It offers various deposit products, including regular savings accounts, money market accounts, and term certificate accounts. Its services include cashier's checks, direct deposit, wire transfers, notary services, night depository, and bank by mail.
Executives
Robert H Edwards director 449 HIGHWAY 123 BYPASS, SENECA SC 29678
Frederick D Shepherd director, officer: President PO BOX 1097, WALHALLA SC 29691
James E Mccoy director PO BOX 100, WALHALLA SC 29691
Gary V Thrift director PO BOX 2125, SENECA SC 29679
Charles Winchester director PO BOX 456, SALEM SC 29676
William Brown director PO BOX 794, SENECA SC 29679-0794
Larry Bowman director 10630 CLEMSON BLVD, STE 100, SENECA SC 29678
John R Hamrick director 896 N WALNUT STREET, SENECA SC 29678
James Edward Turner director 449 HIGHWAY 123 BYPASS, SENECA SC 29678
Blake Griffith director PO BOX 1628, WEST UNION SC 29696