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Cornerstone Financial Corporation

Financial Services US CFIC

NoneUSD
0.00(0%)

Last update at 2024-10-03T19:02:33.209337Z

Day Range

--
LowHigh

52 Week Range

8.1011.20
LowHigh

Fundamentals

  • Previous Close 8.32
  • Market Cap7.75M
  • VolumeNone
  • P/E Ratio-
  • Dividend Yield2.72%
  • Revenue TTM2.79M
  • Revenue Per Share TTM13.62
  • Gross Profit TTM 2.79M
  • Diluted EPS TTM-3.16

Source: TradingView
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Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31
Type yearly yearly yearly yearly yearly
Date 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31
Income before tax -11.05700M -2.01000M 3.14M -1.02600M -0.25100M
Minority interest - - - - -
Net income -11.95000M -1.17200M 1.92M -0.56500M -0.08700M
Selling general administrative 9.47M 6.24M 5.98M 5.30M 4.58M
Selling and marketing expenses - 0.17M 0.13M 0.13M 0.14M
Gross profit 2.79M 14.48M 12.82M 9.58M 7.31M
Reconciled depreciation - - - - -
Ebit 0.00000M -2.01000M 3.14M -1.02600M -0.25100M
Ebitda - -1.56800M 3.58M -0.29600M 0.17M
Depreciation and amortization - 0.44M 0.44M 0.73M 0.43M
Non operating income net other - - - - -
Operating income -8.48900M -2.01000M 3.14M -1.02600M -0.25100M
Other operating expenses 1.81M 0.79M 0.63M 0.58M -
Interest expense 0.00000M 4.30M 4.58M 5.87M 5.59M
Tax provision - - - - -
Interest income - - - - -
Net interest income - - - - -
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 0.89M -0.83800M 1.22M -0.46100M -0.16400M
Total revenue 2.79M 14.48M 12.82M 9.58M 7.31M
Total operating expenses 11.28M 9.06M 8.31M 7.34M -
Cost of revenue 0.00000M 0.00000M 0.00000M 0.00000M -
Total other income expense net -2.56800M -0.66700M -0.59400M -0.73300M -
Discontinued operations - - - - -
Net income from continuing ops -11.95000M -1.17200M 1.92M -0.56500M -
Net income applicable to common shares -12.09700M -1.30500M 1.79M -0.56500M -
Preferred stock and other adjustments - - - - -
Breakdown 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31
Type yearly yearly yearly yearly yearly
Date 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31
Total assets 308.38M 383.79M 354.02M 306.14M 247.53M
Intangible assets - - - - -
Earning assets - - - - -
Other current assets 0.82M 1.58M 2.15M 1.48M -
Total liab 300.35M 364.72M 336.27M 288.33M 29.26M
Total stockholder equity 5.53M 19.07M 17.75M 17.81M 15.38M
Deferred long term liab - - - - -
Other current liab - -5.00000M -4.87700M -4.67200M -
Common stock - - - - 8.28M
Capital stock - - - - -
Retained earnings -13.16200M -1.06500M 1.11M -0.71000M -
Other liab 1.83M 1.41M 1.12M 1.28M -
Good will - - - - -
Other assets 195.66M 285.73M 253.66M 243.99M 204.42M
Cash 54.88M 5.04M 5.33M 4.74M 5.03M
Cash and equivalents - - - - -
Total current liabilities 281.72M 5.00M 4.88M 4.67M -
Current deferred revenue - - - - -
Net debt - 27.96M 27.55M 32.81M 24.22M
Short term debt 16.80M 5.00M 4.88M 4.67M -
Short long term debt 16.80M 5.00M 32.88M 37.55M -
Short long term debt total - 33.00M 32.88M 37.55M 29.26M
Other stockholder equity 0.09M 17.73M 16.73M 16.62M 7.10M
Property plant equipment 7.71M 7.71M 7.81M 7.87M -
Total current assets 62.29M 6.62M 7.48M 6.23M 6.25M
Long term investments 42.72M 85.17M 86.50M 49.63M -
Net tangible assets 5.53M 16.97M 15.85M 15.91M -
Short term investments - - - - -
Net receivables - 1.58M 2.15M 1.48M 1.22M
Long term debt 16.80M 28.00M 32.88M 37.55M -
Inventory 6.59M 5.26M 0.83M - -
Accounts payable 281.72M 330.31M 302.27M 249.49M -
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - 0.30M -1.98800M - -
Additional paid in capital - - - - -
Common stock total equity - - - - -
Preferred stock total equity - - - - -
Retained earnings total equity - - - - -
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other - -91.43700M -92.87600M -55.93000M -36.86700M
Deferred long term asset charges - - - - -
Non current assets total - 91.44M 92.88M 55.93M 36.87M
Capital lease obligations - - - - -
Long term debt total - - - - -
Breakdown 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31
Type yearly yearly yearly yearly yearly
Date 2012-12-31 2011-12-31 2010-12-31 2009-12-31 2008-12-31
Investments 49.78M 6.26M -40.36100M -19.69500M -
Change to liabilities 0.00000M 0.00000M 0.00000M 0.00000M -
Total cashflows from investing activities 86.62M 0.15M -45.37000M -64.53900M -
Net borrowings -25.00000M 0.12M -4.67800M 8.30M -
Total cash from financing activities -72.58500M 28.23M 47.97M 58.74M 34.91M
Change to operating activities 0.36M -4.14400M -0.99200M 0.50M -
Net income -11.95000M -1.17200M 1.92M -0.56500M -0.08700M
Change in cash 17.04M 28.81M 4.29M -4.62600M -4.71600M
Begin period cash flow 37.84M 9.03M 4.74M 9.37M 14.08M
End period cash flow - 37.84M 9.03M 4.74M 9.37M
Total cash from operating activities 3.00M 0.43M 1.69M 1.18M 0.22M
Issuance of capital stock - - - - -
Depreciation 0.48M 0.44M 0.44M 0.73M 0.43M
Other cashflows from investing activities 1.14M -1.35400M 0.14M -0.19500M -
Dividends paid -0.14700M -0.13300M -0.13300M 0.13M -0.00300M
Change to inventory - - - - -
Change to account receivables - 0.08M -0.29800M -1.37200M -
Sale purchase of stock 0.75M 0.20M 0.20M 2.98M -
Other cashflows from financing activities -48.58800M 38.36M 313.08M 1312.23M 1456.93M
Change to netincome 13.26M 5.22M 0.67M 1.91M -
Capital expenditures 0.48M 0.34M 0.33M 0.10M 2.10M
Change receivables - - - - -
Cash flows other operating - - - - -
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - - -
Change in working capital - -4.06200M -0.46000M -0.95900M -0.14000M
Stock based compensation - 0.14M 0.61M 8.67M 0.16M
Other non cash items - 10.47M -0.08100M 2.66M 0.17M
Free cash flow - 0.08M 1.36M 1.08M -1.87900M

Peer Comparison

Sector: Financial Services Industry: Banks - Regional

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x)
CFIC
Cornerstone Financial Corporation
- -% - - - 2.78 0.36
HDB
HDFC Bank Limited ADR
0.03 0.12% 25.09 20.81 20.96 0.11 4.77
CIHKY
China Merchants Bank Co Ltd
-0.32 1.06% 29.79 7.78 7.65 0.56 0.90 3.62
DBSDF
DBS Group Holdings Ltd
1.60 3.22% 51.35 15.29 14.41 5.84 2.36 10.40
CIHHF
China Merchants Bank Co Ltd Class H
- -% 5.70 6.10 5.67 0.44 0.77 3.43

Reports Covered

Stock Research & News

Profile

Cornerstone Financial Corporation operates as the bank holding company for Cornerstone Bank that provides various banking products and services for individuals and businesses. It offers checking and money market, savings, and individual retirement accounts, as well as certificates of deposit. The company also provides residential mortgage, commercial real estate, term, and commercial construction loans, as well as lines of credit. In addition, it offers debit cards, remote deposits, and reorder checks; and cash management, and online and mobile banking services. The company was founded in 1999 and is based in Mount Laurel, New Jersey.

Cornerstone Financial Corporation

6000 Midlantic Drive, Mount Laurel, NJ, United States, 08054

Key Executives

Name Title Year Born
Mr. Eugene D. D'Orazio Pres & Director 1963
Mr. Benjamin F. Watts Exec. VP, CFO & Treasurer 1954
Ms. Donna J. McDermott Sr. VP of HR NA
Mr. Richard Sima Director of Information Technology NA

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