SHBISHORE BANCSHARES INC
National Commercial Banks
- Revenue
- $21M
- 0.3% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $748M
- Employees
- 602
- $35K revenue each
- Net debt / EBITDA
- —
- −$366M net debt
- AI in 10-K
- 0.1
- mentions per 10K words
Takeover score 3 of 13
Fixable underperformance 1 of 7
- TSR below peersYes4 of 4 years3+ of last 5 years
- High CEO pay despite TSRNo$2M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo105% of net incomeCash flow under 80% of net income
- Dilutive SBCNo9% of revenueOver 10% of revenue
- Payouts exceed cash flowNo26% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo1% of assetsOver 40% of assets
- Shareholder dissentNo98% lowest supportAny vote under 80% support
Buyer economics 2 of 4
- Low revenue per employeeNo$35K · 35th pctBottom quartile of its SIC industry
- Quiet on AIYes0.1 per 10K words · 10th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$748M market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo$207K netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $11M | $15M | $18M | $21M | $21M | 0.3% |
| Net income | $15M | $31M | $11M | $44M | $60M | 36% |
| Operating cash flow | −$8M | $53M | $23M | $47M | $62M | 33% |
| Capex | $3M | $2M | $6M | $5M | $3M | 39% |
| Stock-based comp | $378K | $636K | $1M | $2M | $2M | 9.2% |
| Dividends | $7M | $10M | $13M | $16M | $16M | 0.5% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $241K · 8
- Open-market sells, 12 mo
- $34K · 1
- Net
- $207K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $2M | $2M | 97 | 98 |
| FY2024 | — | — | 84 | 95 |
| FY2023 | — | — | 73 | 87 |
| FY2022 | — | — | 86 | 91 |