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Financial statements

Cullman Bancorp, Inc. /MD/ financial statements

Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data Cullman Bancorp, Inc. /MD/ files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2021FY2021FY2022FY2023
Interest expense2.871.791.374.28
Pre-tax income4.52.095.285.05
Income tax0.960.341.11.1
Net income3.551.754.183.95
EPS, basic0.520.250.590.56
EPS, diluted0.520.250.590.54
Shares, basic (weighted)6.686.866.956.92
Shares, diluted (weighted)6.696.977.017.18

Balance sheet

FY2021FY2021FY2022FY2023
Cash and equivalents3.142.2136.613
Property, plant and equipment8.589.4810.914
Lease right-of-use assets0.170.120.07
Other non-current assets1.130.721.111.17
Total assets331355423412
Other non-current liabilities3.964.394.945.67
Total liabilities275255323310
Paid-in capital6.6949.750.248.1
Retained earnings49.753.356.659.3
Other comprehensive income0.540.28-3.56-2.91
Shareholders' equity56.999.7100102
Total equity56.999.7100102
Total liabilities and equity331355423412
Shares outstanding6.967.417.397.3

Cash flow statement

FY2021FY2021FY2022FY2023
Net income3.551.754.183.95
Depreciation and amortization0.580.470.340.47
Stock-based compensation0.240.560.560.77
Deferred income tax-0.1-0.340.15-0.12
Cash from operations3.445.235.775.86
Capital expenditures-0.43-1.31-1.74-3.63
Sales and maturities of investments14.64.160.090.08
Cash from investing21.7-22.8-97.6-11.9
Stock issued0.0537.50
Share buybacks-0.16-0.13-2.87
Dividends paid-0.83-0.86-0.89-0.89
Cash from financing29.119.166.5-17.6
Net change in cash54.31.58-25.3-23.6
Free cash flow3.013.924.032.23
Interest paid3.041.831.274.19
Income taxes paid0.860.650.650.8

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to March 31, 2024; growth uses fiscal years. Valuation uses the share price of $16.99 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Effective tax rate20.4%Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)3.6%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)0.9%Net income / average total assets.

Growth

MetricValueHow it is calculated
Net income growth, 1y-5.5%Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y3.7%Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS growth, 1y-8.5%EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y1.3%Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y1.6%Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y19.4%Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow growth, 1y-44.6%Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y-9.5%Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y1.6%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y21.4%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y-2.7%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y7.5%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Share count change, 1y2.5%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y2.4%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Liabilities / assets75.9%Total liabilities / total assets.
Tangible book value$101.3MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
FCF conversion25.6%Free cash flow / net income, when net income is positive.
Capex / operating cash flow84.6%Capital expenditures / cash from operations, when that is positive.

Per share

MetricValueHow it is calculated
EPS, diluted$0.54Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
FCF per share$0.14Free cash flow / diluted weighted shares.
Operating cash flow per share$0.89Cash from operations / diluted weighted shares.
Book value per share$13.95Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$13.95Tangible book value / shares outstanding.
Cash per share$2.39(Cash + short-term investments) / shares outstanding.
Payout ratio24.0%Dividends paid / net income, when net income is positive.
Dividends / FCF93.8%Dividends paid / free cash flow, when free cash flow is positive.

Valuation

MetricValueHow it is calculated
Market cap$123.1MShare price x shares outstanding.
Enterprise value$105.8MMarket cap + total debt - cash - short-term investments.
P/E33.7xMarket cap / net income. Only when net income is positive.
P/B1.22xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book1.22xMarket cap / tangible book value, when positive.
P/FCF132xMarket cap / free cash flow. Only when free cash flow is positive.
P/OCF20.3xMarket cap / cash from operations, when positive.
EV/FCF113xEnterprise value / free cash flow, when both are positive.
FCF yield0.8%Free cash flow / market cap.
Earnings yield3.0%Net income / market cap (the inverse of P/E).
Dividend yield0.7%Dividends paid over the period / market cap.
Shareholder yield0.7%(Dividends paid + share buybacks) / market cap.
PEG26.6xP/E / EPS growth per year over 3 years (in percent). Only when both are positive.
Was Cullman Bancorp, Inc. /MD/ profitable in fiscal 2023?

Yes. Net income was $4.0M, a net margin of -.

How much free cash flow did Cullman Bancorp, Inc. /MD/ generate in fiscal 2023?

Cash from operations of $5.9M minus capital expenditures of $3.6M left free cash flow of $2.2M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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