ArrowMark Financial Corp. (BANX) 10-Year Financial Performance & Capital Metrics

BANX • • Banking & Credit

Financial ServicesAsset ManagementBusiness Development Companies (BDCs)Middle Market Lenders

AboutStoneCastle Financial Corp. is a closed ended balanced mutual fund launched and managed by StoneCastle Asset Management LLC. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across the banking sector. It invests in dividend paying growth and value stocks of companies. For its fixed income portion, the fund invests in subordinated debt securities which are rated BBB- or better by Kroll Ratings. The fund employs fundamental analysis with bottom-up security picking approach by focusing on factors such as review of historical and prospective financial information, interviews with management and key employees of the prospective bank, financial models and projections, changes in interest rates, changes in unemployment rates, changes in home prices, changes in economic activity to create its portfolio. It employs proprietary research to create its portfolio. StoneCastle Financial Corp. was formed on February 7, 2013 and is domiciled in the United States.Show more

Net Interest Income $25M +2.3%
Total Revenue $29M +2.7%
Net Income $17M -17.3%
Return on Equity 10.89% -19.3%
Net Interest Margin 12.11% +0.1%
Efficiency Ratio 20.3% -3.3%
ROA 8.13% -17.2%
Equity / Assets 74.49% -0.5%
Book Value per Share 21.77 +1.8%
Tangible BV/Share 21.77 +1.8%
Debt/Equity 0.30 +2.2%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong NIM of 12.1%
✓Efficient operations: 20.3% efficiency ratio
✓Well capitalized: 74.5% equity/assets
✓Trading at only 1.0x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y13.07%

5Y12.5%

3Y19.28%

TTM-

Profit (Net Income) CAGR

10Y13.96%

5Y5.84%

3Y9.85%

TTM93.35%

EPS CAGR

10Y11.52%

5Y4.12%

3Y7.72%

TTM180.86%

ROCE

10Y Avg7.52%

5Y Avg8.65%

3Y Avg10.13%

Latest11.67%

Peer Comparison

Middle Market Lenders

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GSBDGoldman Sachs BDC, Inc.	1.08B	9.43	17.15	-57.7%	32.67%	9.15%	18.68%	1.23
CSWCCapital Southwest Corporation	1.36B	23.72	16.14	7.67%	43.07%	9.13%		1.08
HCXYHercules Capital, Inc.	2.36B	25.18	15.64	-9.71%	62.54%	14.13%		0.90
TRINITrinity Capital Inc. 7.875% Notes Due 2029	1.91B	25.41	12.10	29.68%	50.98%	15.22%	4.92%	1.08
HTGCHercules Capital, Inc.	3.45B	18.97	11.78	-12.79%	61.03%	14.17%		0.90
TSLXSixth Street Specialty Lending, Inc.	2.12B	22.40	11.03	-2.72%	51.86%	11.83%	8.85%	1.18
MAINMain Street Capital Corporation	5.75B	64.20	10.97	18.32%	70.11%	18.28%		0.76
GBDCGolub Capital BDC, Inc.	3.68B	13.95	9.82	80.52%	46.2%	9.4%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	6.79M	9.12M	11.36M	10.93M	10.55M	11.54M	13.41M	18.2M	24.65M	25.22M
NII Growth %	2.17%	0.34%	0.24%	-0.04%	-0.04%	0.09%	0.16%	0.36%	0.35%	0.02%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	8.16M	10.9M	13.12M	12.84M	11.96M	12.3M	14.7M	20.53M	28.2M	29.22M
Interest Expense	1.37M	1.78M	1.77M	1.9M	1.41M	765.86K	1.3M	2.33M	3.55M	4M
Loan Loss Provision	-1.37M	-1.78M	-1.77M	-1.9M	-1.41M	-765.86K	-1.3M	-2.33M	-3.55M	-4M
Non-Interest Income+	7.6M	6.14M	4.25M	4.89M	4.39M	4.35M	2.66M	1.01M	484.9K	247.08K
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	15.77M	17.03M	17.37M	17.73M	16.35M	16.65M	17.36M	21.53M	28.68M	29.47M
Revenue Growth %	0.83%	0.08%	0.02%	0.02%	-0.08%	0.02%	0.04%	0.24%	0.33%	0.03%
Non-Interest Expense	5.05M	5.08M	5.16M	5.04M	4.74M	4.8M	5.13M	5.83M	6.02M	5.98M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	10.72M	11.95M	12.21M	12.68M	11.61M	11.85M	12.24M	15.71M	22.66M	23.49M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	1.21%	0.12%	0.02%	0.04%	-0.08%	0.02%	0.03%	0.28%	0.44%	0.04%
Pretax Income+	8.29M	7.01M	12.03M	10.03M	12.61M	7.78M	12.63M	5.61M	20.61M	17.25M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	0	0	0	0	0	0	0	246.96K	360.47K	500.09K
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	8.29M	7.01M	12.03M	10.03M	12.61M	7.78M	12.63M	5.37M	20.25M	16.74M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.83%	-0.15%	0.72%	-0.17%	0.26%	-0.38%	0.62%	-0.58%	2.77%	-0.17%
Net Income (Continuing)	8.29M	7.01M	12.03M	10.03M	12.61M	7.78M	12.63M	5.37M	20.25M	16.74M
EPS (Diluted)+	1.27	1.06	1.84	1.53	1.92	1.18	1.88	0.75	2.84	2.35
EPS Growth %	0.61%	-0.17%	0.74%	-0.17%	0.25%	-0.39%	0.59%	-0.6%	2.79%	-0.17%
EPS (Basic)	1.27	1.06	1.84	1.53	1.92	1.18	1.88	0.75	2.84	2.35
Diluted Shares Outstanding	6.52M	6.62M	6.54M	6.56M	6.57M	6.59M	6.72M	7.15M	7.13M	7.13M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	30.14K	1000K	35.33K	1000K	83.78K	1000K	807.31K	1000K
Cash & Due from Banks	4.01M	3.77M	30.14K	2.83M	35.33K	2.28M	5.77M	3.84M	443.41K	8.88M
Short Term Investments	0	0	0	0	0	0	0	0	363.89K	0
Total Investments+	184.75M	197.48M	166.91M	189.07M	162.26M	178.5M	215.44M	203.64M	196.91M	201.66M
Investments Growth %	0.09%	0.07%	-0.15%	0.13%	-0.14%	0.1%	0.21%	-0.05%	-0.03%	0.02%
Long-Term Investments	184.75M	197.48M	166.91M	189.07M	162.26M	178.5M	215.43M	203.61M	196.54M	201.66M
Accounts Receivables	0	0	0	0	0	0	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
PP&E (Net)	0	0	0	0	0	0	0	0	0	0
Other Assets	0	0	0	0	0	0	10.89K	25.76K	-203.33M	0
Total Current Assets	7.78M	8.46M	173.95M	203.36M	1.82M	9.86M	2.57M	3.62M	6M	2.66M
Total Non-Current Assets	184.75M	197.48M	166.91M	189.07M	162.26M	178.5M	215.44M	203.64M	196.91M	201.66M
Total Assets+	192.53M	205.94M	170.43M	196.21M	164.7M	188.36M	218.74M	208.5M	203.7M	208.21M
Asset Growth %	0.05%	0.07%	-0.17%	0.15%	-0.16%	0.14%	0.16%	-0.05%	-0.02%	0.02%
Return on Assets (ROA)	0.04%	0.04%	0.06%	0.05%	0.07%	0.04%	0.06%	0.03%	0.1%	0.08%
Accounts Payable	25.5M	4.74M	2.54M	3.48M	2.53M	3.04M	3.4M	3.53M	4.7M	4.7M
Total Debt+	0	0	25.75M	51M	17.7M	43M	60M	55.6M	45M	46.8M
Net Debt	-4.01M	-3.77M	-30.14K	-2.83M	-35.33K	-2.28M	54.23M	51.76M	44.56M	37.92M
Long-Term Debt	0	0	25.75M	51M	17.7M	43M	60M	55.6M	45M	46.8M
Short-Term Debt	0	0	0	0	0	0	0	0	0	0
Other Liabilities	0	0	0	0	0	0	0	1.71M	1.57M	1.61M
Total Current Liabilities	0	0	3.29M	4.37M	3.28M	0	4.36M	3.53M	4.7M	4.7M
Total Non-Current Liabilities	26.35M	0	25.75M	51M	17.7M	43M	60M	57.31M	46.57M	48.41M
Total Liabilities	51.76M	67.38M	29.38M	55.83M	21.5M	47.57M	65.24M	60.84M	51.26M	53.11M
Total Equity+	140.77M	138.56M	141.05M	140.38M	143.2M	140.79M	153.5M	147.66M	152.44M	155.1M
Equity Growth %	-0.01%	-0.02%	0.02%	-0%	0.02%	-0.02%	0.09%	-0.04%	0.03%	0.02%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.06%	0.05%	0.09%	0.07%	0.09%	0.05%	0.09%	0.04%	0.13%	0.11%
Book Value per Share	21.57	20.94	21.57	21.41	21.81	21.35	22.84	20.64	21.38	21.77
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	6.51K	6.53K	6.54K	6.55K	6.56K	6.57K	7.08K	7.1K	7.11K	7.12K
Additional Paid-in Capital	144.3M	144.59M	144.86M	143.68M	144.88M	144.99M	156.15M	156.48M	156.28M	155.94M
Retained Earnings	-2.28M	-1.63M	-1.08M	-3.31M	-1.68M	-4.21M	-2.65M	-8.83M	-3.86M	-847.21K
Accumulated OCI	0	0	0	0	0	0	0	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	1.42M	-27.65M	9.24M	10.11M	41.2M	-13.2M	-19.85M	15.84M	15.1M	24.16M
Operating CF Growth %	1.01%	-20.54%	1.33%	0.09%	3.08%	-1.32%	-0.5%	1.8%	-0.05%	0.6%
Net Income	8.29M	7.01M	12.03M	10.03M	12.61M	7.78M	12.63M	5.37M	20.25M	16.74M
Depreciation & Amortization	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	0	0	0	0	0	0	0	0	0	0
Other Non-Cash Items	-14.51M	-12.73M	-1.67M	614.53K	26.81M	-16.16M	-36.41M	11.62M	-4.25M	5.6M
Working Capital Changes	7.63M	-21.94M	-1.12M	-539.97K	1.79M	-4.81M	3.92M	-1.15M	-895.37K	1.82M
Cash from Investing+	0	0	32.81M	-24.99M	31.69M	-10.37M	-41.04M	-2.8M	7.51M	-3.3M
Purchase of Investments	0	0	-29.52M	-79.77M	-21.59M	-99.29M	-78.4M	-59.49M	-31.57M	-36.11M
Sale/Maturity of Investments	0	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	0	0	0	0	0	0	0	0	0	0
Other Investing	0	0	0	0	0	0	0	0	0	0
Cash from Financing+	-8.12M	27.41M	-45.21M	15.47M	-44M	15.44M	17.65M	-15.53M	-25.64M	-11.56M
Dividends Paid	-10.62M	-9.09M	-9.46M	-9.78M	-10.7M	-9.86M	-10.26M	-11.58M	-15.04M	-13.36M
Share Repurchases	0	0	0	0	0	0	0	0	0	0
Stock Issued	0	0	0	0	0	0	10.91M	458.26K	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	-1000K	1000K	-1000K	1000K	1000K	-1000K	-1000K	1000K
Other Financing	0	0	0	0	0	0	0	0	0	0
Net Change in Cash+	-6.7M	-243.67K	-3.74M	580.48K	-2.8M	2.24M	-2.2M	311.64K	-3.03M	8.07M
Exchange Rate Effect	0	0	1000K	0	-1000K	1000K	1000K	1000K	0	-1000K
Cash at Beginning	10.71M	4.01M	3.77M	30.14K	2.83M	35.33K	2.28M	83.78K	3.84M	807.31K
Cash at End	4.01M	3.77M	30.14K	2.83M	35.33K	2.28M	83.78K	395.42K	807.31K	8.88M
Interest Paid	0	0	0	0	0	0	0	0	0	0
Income Taxes Paid	0	0	0	0	0	0	0	0	0	0
Free Cash Flow+	1.42M	-27.65M	41.48M	-12.67M	41.2M	-13.2M	-19.85M	15.84M	15.1M	13.78M
FCF Growth %	1.01%	-20.54%	2.5%	-1.31%	4.25%	-1.32%	-0.5%	1.8%	-0.05%	-0.09%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	5.86%	5.02%	8.6%	7.13%	8.89%	5.48%	8.59%	3.56%	13.49%	10.89%
Return on Assets (ROA)	4.41%	3.52%	6.39%	5.47%	6.99%	4.41%	6.21%	2.51%	9.82%	8.13%
Net Interest Margin	3.53%	4.43%	6.66%	5.57%	6.4%	6.13%	6.13%	8.73%	12.1%	12.11%
Efficiency Ratio	32.02%	29.84%	29.72%	28.45%	29%	28.85%	29.53%	27.05%	21%	20.3%
Equity / Assets	73.11%	67.28%	82.76%	71.54%	86.94%	74.74%	70.18%	70.82%	74.83%	74.49%
Book Value / Share	21.57	20.94	21.57	21.41	21.81	21.35	22.84	20.64	21.38	21.77
NII Growth	217.06%	34.28%	24.49%	-3.74%	-3.5%	9.38%	16.19%	35.74%	35.43%	2.32%
Dividend Payout	128.16%	129.63%	78.68%	97.51%	84.88%	126.73%	81.17%	215.88%	74.28%	79.81%

Frequently Asked Questions

Valuation & Price

ArrowMark Financial Corp. (BANX) has a price-to-earnings (P/E) ratio of 9.0x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

ArrowMark Financial Corp. (BANX) grew revenue by 2.7% over the past year. Growth has been modest.

Yes, ArrowMark Financial Corp. (BANX) is profitable, generating $38.2M in net income for fiscal year 2024 (56.8% net margin).

Dividend & Returns

Yes, ArrowMark Financial Corp. (BANX) pays a dividend with a yield of 8.83%. This makes it attractive for income-focused investors.

ArrowMark Financial Corp. (BANX) has a return on equity (ROE) of 10.9%. This is reasonable for most industries.

Industry Metrics

ArrowMark Financial Corp. (BANX) has a net interest margin (NIM) of 12.1%. This indicates healthy earnings from lending activities.

ArrowMark Financial Corp. (BANX) has an efficiency ratio of 20.3%. This is excellent, indicating strong cost control.

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