1. United States of America Stocks

  2. •

    Financial Services

  3. •

    Banks - Regional
Grand River Commerce, Inc.

Grand River Commerce, Inc.

GNRV
Grand River Commerce, Inc.US flagOther OTC
4.25
USD
-0.01
- -
29.92MMarket Cap
2009 Y
2010 Y
2011 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.1
0.75
1.33
1.9
1.23
1.29
1.59
2.31
2.48
2.28
1.88
1.88
1.88
1.87
Basic EPS, GAAP
-0.95
-0.8
-0.45
0.63
0.06
0.18
0.23
0.45
0.49
-0.31
-1.04
-0.07
0.09
0.01
Free Cash Flow per Basic Share
-1.24
-0.37
-0.19
0.62
0.42
0.17
-0.11
0.07
1.33
-0.29
-1.55
0.33
0.16
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-1.82
-2.62
-3.07
-0.85
-0.47
-0.27
-0.04
0.41
0.9
0.56
-0.48
-0.56
-0.47
-0.54
Tangible Book Value per Share
7.26
6.48
6.1
5.43
5.57
5.56
5.81
6.27
6.73
6.15
5.06
4.97
5.16
5.05
Basic Weighted Avg Shares
2
2
2
4
6
7
7
7
7
7
7
7
7
7
Sales/Revenue/Turnover
- -
1
2
8
8
9
11
16
17
16
13
13
13
13
Operating Margin (%)
-967.69
-107.35
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
- -
- -
- -
- -
Net Income, GAAP
-2
-1
-1
3
- -
1
2
3
3
-2
-7
-1
1
- -
Effective Tax Rate (%)
- -
- -
- -
- -
69.87
21.45
21.58
21.74
21.82
18.56
- -
- -
21.15
21.01
Profit Margin (%)
-967.69
-107.33
-33.92
33.1
5.03
13.66
14.43
19.5
19.82
-13.67
-55.28
-3.96
4.81
0.55
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
- -
- -
- -
- -
8
- -
10
12
13
23
50
51
33
44
Total Equity
12
11
10
22
36
37
39
42
45
43
36
35
36
36
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
- -
- -
75.3
-43.67
- -
- -
- -
- -

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
- -
- -
- -
LT Borrowings
51
43
44
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
7
7
7
Market Capitalization
20
28
26

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
36
43
47
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
17.97%
-2.6%
3.77%
Free Cash Flow
70.96%
397.92%
-52.05%
Net Income, GAAP
-43.1%
-46.95%
-221.61%
Sales/Revenue/Turnover
30.88%
-2.83%
0.11%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3
3
3
3
13
2025
3
3
3
- -
13
2026
3
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.04
- -
- -
- -
-0.07
2025
0.01
- -
- -
- -
0.09
2026
0.05
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Robert Bilotti
Full Time Employees
20
Sector
Financial Services
Industry
Banks - Regional
Address
4471 Wilson Avenue SW Grandville MI United States of America 49418
IPO Date
May 3, 2010
CIK
0001418489
Website
grandriverbank.com
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Business
Grand River Commerce, Inc. (GNRV) operates as the bank holding company for Grand River Bank, a full-service commercial bank serving businesses, professionals, nonprofits, municipalities, and individuals in the Grand Rapids metropolitan area and broader West Michigan market, primarily in Kent and Ottawa counties, Michigan. Grand River Bank offers a comprehensive array of commercial and consumer banking products and services, including interest- and noninterest-bearing checking accounts, savings accounts, money market accounts, time deposits, and individual retirement accounts; commercial real estate loans, commercial and industrial loans, residential lot, land, and construction financing, residential mortgages, equity lines, and consumer loans; treasury management, business online banking with bill payment capabilities, mobile banking, courier services, credit and debit cards, night depository, remote capture, wire transfers, and cashier's checks. The bank provides mortgage products such as conventional fixed-rate and adjustable-rate mortgages, government loans including VA, FHA, and RD programs, HARP relief refinances, non-conforming, and jumbo loans, alongside personalized services for professionals and business owners. Founded in 2006 and headquartered at 4471 Wilson Avenue SW, Grandville, Michigan, the company operates through segments encompassing commercial and industrial lending, commercial real estate, and consumer banking, with total assets of approximately $551 million as of June 30, 2024. Recent major changes include the closure of its national mortgage lending subsidiary, Grand River Mortgage Company, LLC, approved by the Board in late October 2023, with the loans-in-process pipeline cleared earlier in 2024 and wind-up operations nearing completion, enabling improved bank-level profitability; a $3.0 million capital injection into the bank during the first quarter of 2024 to maintain well-capitalized regulatory ratios; issuance of additional subordinated debt in fall 2023 to support operations amid margin pressures from elevated interest rates; and softer commercial loan demand due to borrowers awaiting rate reductions, offset by strong asset quality with non-performing loans at 0.3% of the portfolio and an allowance for credit losses at 1.07%.