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  3. •

    Banks - Regional
Cornerstone Financial Corporation

Cornerstone Financial Corporation

CFIC
Cornerstone Financial CorporationUS flagOther OTC
8.32
USD
+1.49
- -
18.24MMarket Cap
2003 Y
2004 Y
2005 Y
2006 Y
2007 Y
2008 Y
2009 Y
2010 Y
2011 Y
2019 Y
2020 Y
2021 Y
2022 Y
TTM
Revenue per Share
27.29
24.31
26.38
30.14
29.91
40.87
51.65
65.6
74.1
9.32
10.98
6.39
4.64
73.64
Basic EPS, GAAP
2.39
3.31
2.91
2.17
-0.49
-0.49
-3.05
9.14
-6.68
6.05
0.23
0.03
-0.1
-9.27
Free Cash Flow per Basic Share
14
4.3
- -
2.8
-7.25
-10.34
5.81
6.97
0.42
-0.04
-3.91
2.41
0.22
-10.36
Dividend per Share
- -
- -
- -
- -
- -
0.02
- -
0.68
0.68
- -
- -
- -
- -
0.7
Book Value per Share
60.79
43.73
- -
51.25
45.53
45.48
-3.83
5.68
-5.45
-14.89
-14.66
-8.49
-5.42
-7.66
Tangible Book Value per Share
118.33
81.81
84.3
91.18
86.46
85.98
85.81
81.11
86.83
16.4
17.94
19.53
11.4
82.05
Basic Weighted Avg Shares
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
1
1
2
- -
Sales/Revenue/Turnover
3
4
5
5
5
7
10
13
14
7
9
9
10
14
Operating Margin (%)
14.62
23.31
18.57
10.32
-4.17
-3.43
-10.71
24.49
- -
- -
- -
- -
- -
4.47
Depreciation Expense
- -
- -
- -
- -
- -
- -
1
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
- -
1
1
- -
- -
- -
-1
2
-1
5
- -
- -
- -
-2
Effective Tax Rate (%)
40.09
41.53
40.51
30.3
- -
- -
- -
38.87
- -
- -
34.17
- -
- -
77.1
Profit Margin (%)
8.76
13.63
11.05
7.19
-1.64
-1.19
-5.9
14.97
-8.09
64.86
2.09
0.54
-2.25
-11.65
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
2
5
13
8
12
29
33
28
28
9
8
2
2
13
Total Equity
14
15
15
15
15
15
18
18
19
17
18
30
28
18
Return on Invested Capital (%)
- -
3.34
2.2
1.43
- -
- -
- -
3.62
- -
- -
- -
- -
- -
5.26
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
7.88
13.34
8.46
-1.04
-1.07
- -
- -
- -
- -
- -
- -
- -
420.98

Capital Structure

FRC

•

in mil. unless spec.
Sep'11
Dec'11
Mar'19
ST Debt
5
5
5
LT Borrowings
28
28
13
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
2
2
2
Shares Outstanding
- -
- -
- -
Market Capitalization
6
7
6

Working Capital

FRC

•

in mil. unless spec.
Sep'11
Dec'11
Mar'19
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
6
5
6
Accounts Receivable, Net
2
2
2
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
5
- -
4
ST Debt
5
5
5
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.32%
12.97%
-6.07%
Free Cash Flow
- -
1,763.9%
-85.66%
Net Income, GAAP
-147.45%
-286.09%
-587.23%
Sales/Revenue/Turnover
11.35%
-0.38%
15.8%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2020
- -
- -
- -
- -
9
2021
- -
- -
- -
- -
9
2022
- -
- -
- -
- -
10

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2020
- -
- -
- -
- -
0.23
2021
- -
- -
- -
- -
0.03
2022
- -
- -
- -
- -
-0.1

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2020
- -
- -
- -
- -
- -
2021
- -
- -
- -
- -
- -
2022
- -
- -
- -
- -
- -

Company Description

APIChatGPT
CEO
Eugene D. D'Orazio
Full Time Employees
77
Sector
Financial Services
Industry
Banks - Regional
Address
6000 Midlantic Drive Mount Laurel NJ United States of America 08054
IPO Date
Nov 12, 2003
CIK
0001448324
Website
cornerstonebank.net
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Business
Cornerstone Financial Corporation (CFIC) operates as a bank holding company for Cornerstone Bank, a New Jersey state-chartered commercial bank that provides retail and commercial banking products and services to individuals, small businesses, and local organizations primarily in southern New Jersey. Cornerstone Bank offers deposit products including checking accounts, money market accounts, savings accounts, certificates of deposit, and individual retirement accounts; lending products such as commercial real estate loans, commercial and industrial loans, small business administration and government-backed loans, home equity lines of credit, business lines of credit, letters of credit, term loans, and commercial mortgages; and additional services encompassing online banking, remote deposit capture, check reordering, and overdraft protection. The bank maintains six branches in Moorestown, Medford, Burlington City, Cherry Hill, Voorhees, and Woodbury, New Jersey, with a focus on community-oriented banking in the regional market. Founded in 1999 and headquartered in Mount Laurel, New Jersey, the company reported approximately $321 million in assets, $276 million in loans, $290 million in deposits, and $23.8 million in common stockholders' equity as of late 2023. In August 2024, Princeton Bancorp, Inc. completed its acquisition of Cornerstone Financial Corporation in a $17.9 million all-stock transaction, after which Cornerstone Bank branches began operating as divisions of The Bank of Princeton, enhancing customer access to expanded products and a broader branch network across New Jersey, Pennsylvania, and the New York City area while maintaining local service continuity.