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General information

Country: UNITED STATES

Sector: Banks — Regional

Cincinnati Bancorp, Inc. operates as the holding company for Cincinnati Federal that provides various banking and financial services to individuals and businesses in the United States. It offers various deposit accounts, including checking accounts, savings accounts, and certificate of deposit accounts. The company`s loan portfolio comprises one- to four-family residential real estate loans, nonresidential real estate and multi-family loans, home equity loans and lines of credit, and construction and land loans. It conducts its operations from main office in Cincinnati, Ohio; and full service branch offices in Miami Heights, Anderson, and Price Hill in Ohio, as well as in Covington and Florence in Northern Kentucky. The company was founded in 1922 and is based in Cincinnati, Ohio.
Website: cincinnatifederal.com



Growth: Bad revenue growth rate 0.0%, there is slowdown compared to average historical growth rates 28.6%. The revenue growth dynamics is unstable

Profitability: LTM net profit margin is positive, +18.2%. On average the margin is improving unsteadily. Gross margin is high, +100.0%.

Cash Flow Generation: Dividend yield for the last twelve months 0.0%.

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 6.4% higher than minimum and 23.2% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, Net Income margin, industries and geography on average are valued 3.4x by P / Sales multiple , the company can be 3.8% overvalued

Key Financials (Download financials)

Ticker: CNNB
Share price, USD:  (0.0%)13.1925
year average price 13.54  


year start price 13.80 2023-04-28

max close price 15.00 2023-07-25

min close price 12.40 2023-10-25

current price 13.19 2024-04-26
Common stocks: 2 967 880

Dividend Yield:  0.0%
P / E LTM: 19.6x
Last revenue growth (y/y):  0.0%
Last growth of Net Income (y/y):  ---
Historical revenue growth:  28.6%
Historical growth of Net Income:  20.8%
P / Sales: 3.6x
Margin (Net Income LTM / Revenue): 18.2%
Fundamental value created in LTM:
Market Cap ($m): 39
Price to Book: 1.0x

Revenue and Net Income

Quarterly values ($m)

Change (y/y)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2
date 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30
symbol CNNB CNNB CNNB CNNB CNNB
reportedCurrency USD USD USD USD USD
cik 2M 2M 2M 2M 2M
fillingDate 2023-06-30 2023-03-31 2022-12-31 2022-11-14 2022-08-12
acceptedDate 2023-06-30 00:00:00 2023-03-31 00:00:00 2022-12-31 00:00:00 2022-11-14 17:08:31 2022-08-12 16:32:14
calendarYear 2023.000 2023.000 2022.000 2022.000 2022.000
period Q2 Q1 Q4 Q3 Q2
revenue 2M 3M 3M 4M 3M
costOfRevenue 0 0 0 0 0
grossProfit 2M 3M 3M 4M 3M
grossProfitRatio 1.000 1.000 1.000 1.000 1.000
researchAndDevelopmentExpenses 0 0 0 0 0
generalAndAdministrativeExpenses 2M 2M 799 775 2M 2M
sellingAndMarketingExpenses 75 640 116 010 123 229 52 932 129 923
sellingGeneralAndAdministrativeExpenses 2M 2M 923 004 2M 2M
otherExpenses -5M -3M -3M 0 -2M
operatingExpenses -3M -1M -2M 194M 227 484
costAndExpenses -3M -1M -2M 194M 0
interestIncome 3M 3M 3M 3M 2M
interestExpense 2M 1M 828 254 551 196 263 200
depreciationAndAmortization 0 0 47 190 50 154 54 762
ebitda -544 034 2M 1M 2M 408 251
ebitdaratio -0.230 0.553 0.395 0.430 0.141
operatingIncome -544 034 2M 1M 2M 0
operatingIncomeRatio -0.230 0.553 0.377 0.417 0
totalOtherIncomeExpensesNet 0 -1M -828 254 -551 196 0
incomeBeforeTax -544 034 369 022 179 151 1M 90 289
incomeBeforeTaxRatio -0.230 0.126 0.067 0.278 0.031
incomeTaxExpense -109 246 81 412 44 964 239 138 24 034
netIncome -434 788 287 610 134 187 867 557 66 255
netIncomeRatio -0.184 0.098 0.050 0.218 0.023
eps -0.150 0.110 0.050 0.310 0.020
epsdiluted -0.150 0.100 0.048 0.300 0.020
weightedAverageShsOut 3M 3M 3M 3M 3M
weightedAverageShsOutDil 3M 3M 3M 3M 3M
link Link Link
finalLink Link Link

Balance Sheet Statement

Property 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2
date 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30
symbol CNNB CNNB CNNB CNNB CNNB
reportedCurrency USD USD USD USD USD
cik 2M 2M 2M 2M 2M
fillingDate 2023-06-30 2023-03-31 2022-12-31 2022-11-14 2022-08-12
acceptedDate 2023-06-30 00:00:00 2023-03-31 00:00:00 2022-12-31 00:00:00 2022-11-14 17:08:31 2022-08-12 16:32:14
calendarYear 2023.000 2023.000 2022.000 2022.000 2022.000
period Q2 Q1 Q4 Q3 Q2
cashAndCashEquivalents 11M 14M 15M 16M 14M
shortTermInvestments 6M 6M 6M 7M 7M
cashAndShortTermInvestments 18M 20M 21M 22M 21M
netReceivables 3M 3M 3M 3M 3M
inventory 0 0 0 0 0
otherCurrentAssets 0 0 0 0 -2M
totalCurrentAssets 21M 23M 25M 2 162M 22M
propertyPlantEquipmentNet 3M 3M 3M 3M 3M
goodwill 0 0 0 0 0
intangibleAssets 3M 4M 3M 3M 3M
goodwillAndIntangibleAssets 3M 4M 3M 3M 3M
longTermInvestments 6M 6M 6M 7M 7M
taxAssets 0 0 0 0 0
otherNonCurrentAssets -12M -13M -12M 2 661M 0
totalNonCurrentAssets 12M 13M 12M 2 674M 12M
otherAssets 273M 269M 266M -4 544M 248M
totalAssets 306M 305M 303M 292M 282M
accountPayables 222 621 184 396 79 550 41 863 10 583
shortTermDebt 0 0 0 0 0
taxPayables 0 0 0 0 0
deferredRevenue 0 0 0 0 0
otherCurrentLiabilities -222 621 -184 396 -79 550 -41 863 0
totalCurrentLiabilities 222 621 184 396 79 550 41 863 0
longTermDebt 56M 37M 29M 20M 16M
deferredRevenueNonCurrent 0 0 0 0 0
deferredTaxLiabilitiesNonCurrent 1M 1M 1M 1M 1M
otherNonCurrentLiabilities -57M -38M -30M 1 264M 0
totalNonCurrentLiabilities 57M 184 396 79 550 1 264M 17M
otherLiabilities 209M 264M 263M -1 011M 225M
capitalLeaseObligations 0 0 0 0 0
totalLiabilities 266M 264M 263M 253M 242M
preferredStock 0 0 0 0 0
commonStock 28 812 28 812 28 812 28 812 29 616
retainedEarnings 20M 21M 20M 20M 19M
accumulatedOtherComprehensiveIncomeLoss -801 585 -712 364 -763 684 -684 696 -608 261
othertotalStockholdersEquity 21M 20M 20M 20M 21M
totalStockholdersEquity 40M 40M 40M 40M 40M
totalEquity 40M 40M 40M 40M 40M
totalLiabilitiesAndStockholdersEquity 306M 305M 303M 292M 282M
minorityInterest 0 0 0 0 0
totalLiabilitiesAndTotalEquity 306M 305M 303M 292M 282M
totalInvestments 12M 13M 13M 14M 14M
totalDebt 56M 37M 29M 20M 16M
netDebt 45M 23M 14M 4M 2M
link Link Link
finalLink Link Link

Cash Flow Statement

Property 2022 q4 2022 q3 2022 q2
date 2022-12-31 2022-09-30 2022-06-30
symbol CNNB CNNB CNNB
reportedCurrency USD USD USD
cik 2M 2M 2M
fillingDate 2022-12-31 2022-11-14 2022-08-12
acceptedDate 2022-12-31 00:00:00 2022-11-14 17:08:31 2022-08-12 16:32:14
calendarYear 2022.000 2022.000 2022.000
period Q4 Q3 Q2
netIncome 134 187 867 557 66 255
depreciationAndAmortization 47 190 50 154 54 762
deferredIncomeTax -337 359 169 365 -5560.000
stockBasedCompensation 85 339 85 344 149 212
changeInWorkingCapital 389 515 -650 959 -147 618
accountsReceivables -191 194 -72 086 -74 997
inventory 0 0 0
accountsPayables 37 687 31 280 8807.000
otherWorkingCapital 543 022 -610 153 160 258
otherNonCashItems 2M -2M 2M
netCashProvidedByOperatingActivities 2M -1M 2M
investmentsInPropertyPlantAndEquipment -18 430 -31 457 0
acquisitionsNet 0 0 0
purchasesOfInvestments 0 0 0
salesMaturitiesOfInvestments 111 934 114 073 246 953
otherInvestingActivites -12M -7M -31M
netCashUsedForInvestingActivites -12M -7M -31M
debtRepayment -181M -150M -22M
commonStockIssued 0 0 0
commonStockRepurchased -1.000 -1M -446 366
dividendsPaid 0 0 -3M
otherFinancingActivites 192M 160M 52M
netCashUsedProvidedByFinancingActivities 11M 9M 27M
effectOfForexChangesOnCash 1.000 0 0
netChangeInCash 1M 837 746 -3M
cashAtEndOfPeriod 18M 17M 16M
cashAtBeginningOfPeriod 17M 16M 19M
operatingCashFlow 2M -1M 2M
capitalExpenditure -18 430 -31 457 0
freeCashFlow 2M -1M 2M
link Link Link
finalLink Link Link

Earning call transcript

Press-releases

Show financial reports only

2023-05-18 12:50 ET
LCNB Corp. Agrees to Acquire Cincinnati Bancorp, Inc.
2023-01-26 21:30 ET
Cincinnati Bancorp, Inc. Announces Voluntary SEC Deregistration and Nasdaq Delisting
2021-02-27 00:08 ET
Cincinnati Bancorp, Inc. Reports Financial Results For The Year Ended December 31, 2020 (CORRECTED)
2021-02-10 20:17 ET
Cincinnati Bancorp, Inc. Reports Financial Results For The Year Ended December 31, 2020
2020-01-22 22:15 ET
Cincinnati Bancorp, Inc. Announces Closing of Conversion Transaction

SEC forms

Show financial reports only

SEC form 6
2023-01-26 16:32 ET
Cincinnati Bancorp published news for 2022 q4
SEC form 6
2022-12-22 11:55 ET
Cincinnati Bancorp published news for 2022 q3
SEC form 10
2022-11-14 17:08 ET
Cincinnati Bancorp reported for 2022 q3
SEC form 10
2022-11-14 00:00 ET
Cincinnati Bancorp reported for 2022 q3
SEC form 6
2022-09-19 14:00 ET
Cincinnati Bancorp published news for 2022 q2
SEC form 10
2022-08-12 16:32 ET
Cincinnati Bancorp reported for 2022 q2
SEC form 10
2022-08-12 00:00 ET
Cincinnati Bancorp reported for 2022 q2
SEC form 6
2022-06-13 14:58 ET
Cincinnati Bancorp published news for 2022 q1
SEC form 6
2022-05-19 20:41 ET
Cincinnati Bancorp published news for 2022 q1
SEC form 10
2022-05-16 17:02 ET
Cincinnati Bancorp reported for 2022 q1
SEC form 10
2022-05-16 00:00 ET
Cincinnati Bancorp reported for 2022 q1
SEC form 6
2022-04-21 16:45 ET
Cincinnati Bancorp published news for 2022 q1
SEC form 6
2022-04-14 16:02 ET
Cincinnati Bancorp published news for 2022 q1
SEC form 10
2022-03-31 16:33 ET
Cincinnati Bancorp published news for 2021 q4
SEC form 10
2022-03-31 00:00 ET
Cincinnati Bancorp published news for 2021 q4
SEC form 6
2022-02-17 16:01 ET
Cincinnati Bancorp published news for 2021 q4
SEC form 6
2021-12-23 16:17 ET
Cincinnati Bancorp published news for 2021 q3
SEC form 10
2021-11-12 17:10 ET
Cincinnati Bancorp published news for 2021 q3
SEC form 10
2021-11-12 00:00 ET
Cincinnati Bancorp published news for 2021 q3
SEC form 10
2021-08-13 17:03 ET
Cincinnati Bancorp published news for 2021 q2
SEC form 10
2021-08-13 00:00 ET
Cincinnati Bancorp published news for 2021 q2
SEC form 6
2021-06-16 17:05 ET
Cincinnati Bancorp published news for 2021 q1
SEC form 6
2021-05-21 15:12 ET
Cincinnati Bancorp published news for 2021 q1
SEC form 10
2021-05-14 16:34 ET
Cincinnati Bancorp published news for 2021 q1
SEC form 10
2021-05-14 00:00 ET
Cincinnati Bancorp published news for 2021 q1
SEC form 6
2021-04-12 13:00 ET
Cincinnati Bancorp published news for 2021 q1
SEC form 10
2021-03-31 12:01 ET
Cincinnati Bancorp published news for 2020 q4
SEC form 6
2021-03-01 16:53 ET
Cincinnati Bancorp published news for 2020 q4
SEC form 6
2021-02-22 16:12 ET
Cincinnati Bancorp published news for 2020 q4
SEC form 6
2021-02-16 16:48 ET
Cincinnati Bancorp published news for 2020 q4
SEC form 6
2021-02-10 11:15 ET
Cincinnati Bancorp published news for 2020 q4
SEC form 10
2020-11-13 15:21 ET
Cincinnati Bancorp published news for 2020 q3