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Community Bank Shares Of Indiana Inc
Community Bank Shares of Indiana, Inc. (CBSI) is a bank holding company for Community Bank, a commercial bank that provides a range of financial services to individuals and businesses in the United States. The company is based in Kokomo, Indiana.
As of market close on February 10, 2023, CBSI's stock price was $40.88, representing a market capitalization of approximately $265 million. The company's stock has traded in a range of $33.14 to $45.45 over the past 52 weeks.
In terms of financial performance, CBSI's earnings have been relatively stable in recent years. In its most recent fiscal year, which ended on December 31, 2021, the company reported net income of $18.1 million, or $2.08 per diluted share. This represents a decrease from the previous fiscal year, when CBSI reported net income of $19.3 million, or $2.25 per diluted share.
Despite the slight decline in earnings, CBSI has a strong track record of profitability and growth. Over the past three years, the company's earnings per share have grown at an annualized rate of 4.3%, and its return on average equity has averaged 10.3%.
In addition to its financial strength, CBSI has a strong balance sheet, with a loan-to-deposit ratio of 87.9% as of December 31, 2021. The company's capital ratios are also well above regulatory minimums, indicating a strong capital position.
Overall, CBSI appears to be a financially strong and stable company with a solid track record of profitability and growth. While the company's earnings have declined slightly in recent years, its strong balance sheet and stable financial performance make it a company to watch in the banking sector.