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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


  • Bad financial results growth rate -16.7% (average between last period year over year growth for revenue and Net Income), there is slowdown compared to average historical growth rates (60.8%)
  • Dividend yield for the last twelve months 0.0%
  • Share price is 6.4% higher than minimum and 23.2% lower than maximum for the last 3 years
  • The company is overvalued by P/E LTM multiple compared to target level (6.5x vs 4.5x)
  • Fundamental value created in LTM (estimate)

Key Financials (Download financials)

Ticker: CNNB
Share price, USD:  (0.0%)13.1925
year average price 13.19  


year start price 13.19 2025-02-14

max close price 13.19 2025-02-14

min close price 13.19 2025-02-14

current price 13.19 2026-02-13
Common stocks: 2 967 880

Dividend Yield:  0.0%
P / E LTM: 6.5x
P / E annualized: 9.8x
EV / Sales: 3.3x
Margin (Net Income LTM / Revenue): 50.0%

Target P/E (hist percentile): 4.5x
Fundamental value created in LTM:
P/E mutiple calculation
Market Cap ($m): 39
Net Profit ($m): 6
P / E LTM: 6.5x
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

P / E

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 2021 q4 2020 q4 2019 q4 2018 q4
date 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2021-12-31 2020-12-31 2019-12-31 2018-12-31
symbol CNNB CNNB CNNB CNNB CNNB CNNB CNNB CNNB CNNB
reportedCurrency USD USD USD USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M 2M 2M 2M
fillingDate 2023-06-30 2023-03-31 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 2022-03-31 16:33:26 2021-03-31 12:01:08 2020-03-30 11:48:50 2018-12-30 19:00:00
calendarYear 2023 2023 2022 2022
period Q2 Q1 FY Q3 Q2 FY FY FY FY
revenue 2M 3M 13M 4M 3M 15M 15M 8M 7M
costOfRevenue 0 0 0 0 0 0 0 0 0
grossProfit 2M 3M 13M 4M 3M 15M 15M 8M 7M
grossProfitRatio 1 1 1 1
researchAndDevelopmentExpenses 0 0 0 0 0 0 0 0 0
generalAndAdministrativeExpenses 2M 2M 7M 2M 2M 10M 9M 5M 5M
sellingAndMarketingExpenses 75 640 116 010 393 782 52 932 129 923 328 089 275 156 95 920 174 574
sellingGeneralAndAdministrativeExpenses 2M 2M 8M 2M 2M 10M 9M 5M 5M
otherExpenses 0 -3M 0 0 -2M -23M -20M -13M -7M
operatingExpenses -3M -1M -9M 194M 227 484 -13M -11M -7M -3M
costAndExpenses -3M -1M -9M 194M 0 -13M -11M -7M -3M
interestIncome 3M 3M 10M 3M 2M 8M 8M 8M 7M
interestExpense 2M 1M 2M 551 196 263 200 2M 3M 3M 2M
depreciationAndAmortization 122 085 41 584 210 616 50 154 54 762 234 201 220 756 195 327 146 190
ebitda 1M 2M 4M 2M 408 251 2M 4M 1M 5M
ebitdaratio 0.471 0.553 0.43 0.141
operatingIncome 5M 2M 22M 2M 0 2M 4M 886 168 5M
operatingIncomeRatio 2.23 0.553 0.417 0
totalOtherIncomeExpensesNet -6M -1M -20M -551 196 0 0 0 0 -7M
incomeBeforeTax -544 034 369 022 2M 1M 90 289 2M 4M 886 168 2M
incomeBeforeTaxRatio -0.23 0.126 0.278 0.031
incomeTaxExpense -109 246 81 412 406 325 239 138 24 034 448 181 819 966 87 694 191 278
netIncome -434 788 287 610 1M 867 557 66 255 2M 3M 798 474 2M
netIncomeRatio -0.184 0.098 0.218 0.023
eps -0.15 0.11 0.52 0.31 0.02 0.59 1.14 0.28 1.36
epsdiluted -0.15 0.1 0.3 0.02
weightedAverageShsOut 3M 3M 3M 3M 3M 3M 3M 3M 2M
weightedAverageShsOutDil 3M 3M 3M 3M 3M 3M 3M 3M 2M
link Link Link
finalLink Link Link
filingDate 2022-12-31 2022-03-31 2021-03-31 2020-03-30 2018-12-31
fiscalYear 2022 2021 2020 2019 2018
netInterestIncome 8M 7M 5M 5M 5M
ebit 4M 2M 4M 886 168 5M
nonOperatingIncomeExcludingInterest 18M 0 0 0 0
netIncomeFromContinuingOperations 1M 2M 3M 798 474 2M
netIncomeFromDiscontinuedOperations 0 0 0 0 0
otherAdjustmentsToNetIncome 0 0 0 0 0
netIncomeDeductions 0 0 0 0 0
bottomLineNetIncome 1M 2M 3M 798 474 2M
epsDiluted 0.51 0.58 1.12 0.27 1.36

Balance Sheet Statement

Property 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2 2021 q4 2020 q4 2019 q4 2018 q4
date 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2021-12-31 2020-12-31 2019-12-31 2018-12-31
symbol CNNB CNNB CNNB CNNB CNNB CNNB CNNB CNNB CNNB
reportedCurrency USD USD USD USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M 2M 2M 2M
fillingDate 2023-06-30 2023-03-31 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 2022-03-31 16:33:26 2021-03-31 12:01:08 2020-03-30 11:48:50 2018-12-30 19:00:00
calendarYear 2023 2023 2022 2022
period Q2 Q1 FY Q3 Q2 FY FY FY FY
cashAndCashEquivalents 11M 14M 15M 16M 14M 15M 30M 34M 7M
shortTermInvestments 6M 6M 6M 7M 7M 8M 5M 7M 630 361
cashAndShortTermInvestments 18M 20M 21M 22M 21M 23M 35M 41M 8M
netReceivables 3M 3M 3M 3M 3M 3M 2M 2M 2M
inventory 0 0 0 0 0 0 0 0 0
otherCurrentAssets 0 0 0 0 -2M 0 0 0 183M
totalCurrentAssets 21M 23M 25M 2 162M 22M 26M 37M 43M 192M
propertyPlantEquipmentNet 3M 3M 3M 3M 3M 3M 3M 3M 3M
goodwill 0 0 0 0 0 0 0 0 0
intangibleAssets 3M 4M 3M 3M 3M 2M 2M 1M 1M
goodwillAndIntangibleAssets 3M 4M 3M 3M 3M 2M 2M 1M 1M
longTermInvestments 6M 6M 6M 7M 7M 8M 5M 7M 630 361
taxAssets 0 0 0 0 0 0 0 0 0
otherNonCurrentAssets 0 -13M 0 2 661M 0 -14M -11M -11M 0
totalNonCurrentAssets 12M 13M 12M 2 674M 12M 14M 11M 11M 5M
otherAssets 273M 269M 266M -4 544M 248M 212M 189M 187M 0
totalAssets 306M 305M 303M 292M 282M 251M 237M 242M 198M
accountPayables 222 621 184 396 79 550 41 863 10 583 24 73 585 91 636 53 945
shortTermDebt 0 0 0 0 0 0 0 0 0
taxPayables 0 0 0 0 0 0 0 0 0
deferredRevenue 0 0 0 0 0 0 0 0 0
otherCurrentLiabilities 0 -184 396 0 -41 863 0 -24 -73 585 -91 636 -53 945
totalCurrentLiabilities 222 621 184 396 79 550 41 863 0 24 73 585 91 636 53 945
longTermDebt 56M 37M 29M 20M 16M 0 38M 47M 29M
deferredRevenueNonCurrent 0 0 0 0 0 0 0 0 571 186
deferredTaxLiabilitiesNonCurrent 1M 1M 1M 1M 1M 1M 905 975 0 0
otherNonCurrentLiabilities 0 -38M -30M 1 264M 0 -1M -39M -47M 0
totalNonCurrentLiabilities 57M 184 396 79 550 1 264M 17M 1M 39M 47M 29M
otherLiabilities 209M 264M 263M -1 011M 225M 207M 156M 170M 145M
capitalLeaseObligations 0 0 0 0 0 0 0 0 0
totalLiabilities 266M 264M 263M 253M 242M 209M 196M 218M 175M
preferredStock 0 0 0 0 0 0 0 0 0
commonStock 28 812 28 812 28 812 28 812 29 616 29 275 29 756 29 607 29 593
retainedEarnings 20M 21M 20M 20M 19M 22M 20M 17M 16M
accumulatedOtherComprehensiveIncomeLoss -801 585 -712 364 -763 684 -684 696 -608 261 -334 303 -292 014 -290 989 -252 442
othertotalStockholdersEquity 21M 20M 20M 21M
totalStockholdersEquity 40M 40M 40M 40M 40M 43M 42M 24M 23M
totalEquity 40M 40M 40M 40M 40M 43M 42M 24M 23M
totalLiabilitiesAndStockholdersEquity 306M 305M 292M 282M
minorityInterest 0 0 0 0 0 0 0 0 0
totalLiabilitiesAndTotalEquity 306M 305M 303M 292M 282M 251M 237M 242M 198M
totalInvestments 12M 13M 13M 14M 14M 16M 10M 13M 1M
totalDebt 56M 37M 29M 20M 16M 0 38M 47M 29M
netDebt 45M 23M 14M 4M 2M -15M 9M 13M 22M
link Link Link
finalLink Link Link
filingDate 2022-12-31 2022-03-31 2021-03-31 2020-03-30 2018-12-31
fiscalYear 2022 2021 2020 2019 2018
accountsReceivables 0 0 0 0 0
otherReceivables 3M 3M 2M 2M 2M
prepaids 0 0 0 0 0
totalPayables 79 550 24 73 585 91 636 53 945
otherPayables 0 0 0 0 0
accruedExpenses 0 0 0 0 0
capitalLeaseObligationsCurrent 0 0 0 0 0
capitalLeaseObligationsNonCurrent 0 0 0 0 0
treasuryStock 0 0 0 0 0
additionalPaidInCapital 0 0 0 0 0
otherTotalStockholdersEquity 20M 21M 22M 7M 7M

Cash Flow Statement

Property 2022 q4 2022 q3 2022 q2 2021 q4 2020 q4 2019 q4 2018 q4
date 2022-12-31 2022-09-30 2022-06-30 2021-12-31 2020-12-31 2019-12-31 2018-12-31
symbol CNNB CNNB CNNB CNNB CNNB CNNB CNNB
reportedCurrency USD USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M 2M
filingDate 2022-12-31 2022-03-31 2021-03-31 2020-03-30 2018-12-31
acceptedDate 2022-12-31 00:00:00 2022-11-14 17:08:31 2022-08-12 16:32:14 2022-03-31 16:33:26 2021-03-31 12:01:08 2020-03-30 11:48:50 2018-12-30 19:00:00
fiscalYear 2022 2021 2020 2019 2018
period FY Q3 Q2 FY FY FY FY
netIncome 1M 867 557 66 255 2M 3M 798 474 2M
depreciationAndAmortization 210 616 50 154 54 762 234 201 220 756 195 327 146 190
deferredIncomeTax 180 227 169 365 -5560 202 338 51 470 18 829 145 046
stockBasedCompensation 392 948 85 344 149 212 306 716 110 416 103 152 103 152
changeInWorkingCapital -934 326 -650 959 -147 618 -1M -270 852 -656 904 -590 756
accountsReceivables -322 412 -72 086 -74 997 -395 646 -130 473 -64 638 -20 505
inventory 0 0 0 -841 598 0 0 -193M
accountsPayables 79 526 31 280 8807 -73 561 -18 051 37 691 15 319
otherWorkingCapital -691 440 -610 153 160 258 233 412 -122 328 -629 957 192M
otherNonCashItems 5M -2M 2M 5M -10M -2M -1M
netCashProvidedByOperatingActivities 6M -1M 2M 7M -7M -1M 882 267
investmentsInPropertyPlantAndEquipment -58 488 -31 457 0 -235 197 -354 135 -142 589 -59 146
acquisitionsNet 0 0 0 -26M 0 -9M 2M
purchasesOfInvestments 0 0 0 -5M 0 -6M -4M
salesMaturitiesOfInvestments 698 309 114 073 246 953 2M 2M 278 470 5M
otherInvestingActivities -61M -1M 9M 180 739 12 648
netCashProvidedByInvestingActivities -60M -30M 10M -15M 4M
netDebtIssuance 0 0 0 0 0
longTermNetDebtIssuance 0 0 0 0 0
shortTermNetDebtIssuance 0 0 0 0 0
netStockIssuance 0 0 0 0 0
netCommonStockIssuance 0 0 0 0 0
commonStockIssuance 0 19 295 14M 23M 0
commonStockRepurchased -2M -1M -446 366 -678 092 0 0 0
netPreferredStockIssuance 0 0 0 0 0
netDividendsPaid -3M 0 0 0 0
commonDividendsPaid -3M 0 0 0 0
preferredDividendsPaid 0 0 0 0 0
otherFinancingActivities 53M 13M -9M 43M -4M
netCashProvidedByFinancingActivities 50M 13M -9M 43M -4M
effectOfForexChangesOnCash 0 0 0 0 0 0 0
netChangeInCash -3M 837 746 -3M -10M -5M 27M 822 365
cashAtEndOfPeriod 18M 17M 16M 22M 32M 38M 11M
cashAtBeginningOfPeriod 22M 16M 19M 32M 38M 11M 10M
operatingCashFlow 6M -1M 2M 7M -7M -1M 882 267
capitalExpenditure -58 488 -31 457 0 -235 197 -354 135 -142 589 -59 146
freeCashFlow 6M -1M 2M 6M -7M -2M 823 121
incomeTaxesPaid 0 0 0 0 0
interestPaid 0 0 0 0 0
fillingDate 2022-11-14 2022-08-12
calendarYear 2022 2022
otherInvestingActivites -7M -31M
netCashUsedForInvestingActivites -7M -31M
debtRepayment 0 -22M
commonStockIssued 0 0
dividendsPaid 0 -3M
otherFinancingActivites 9M 52M
netCashUsedProvidedByFinancingActivities 9M 27M
link Link Link
finalLink Link Link

Earning call transcript

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