Summary - Funding Rounds

Founding Date

2010
Florida Community Bank is a subsidiary of Synovus Financial

Florida Community Bank Income Statement

Annual

USDFY, 2014FY, 2016FY, 2017

Revenue

17.0m349.0m409.1m

Revenue growth, %

17%

Cost of goods sold

51.6m78.6m

Gross profit

297.4m330.5m

Gross profit Margin, %

85%81%

R&D expense

10.7m

Operating expense total

28.3m134.0m141.7m

Depreciation and amortization

1.7m1.2m1.0m

EBIT

260.1m286.0m

EBIT margin, %

75%70%

Interest expense

28.3m

Interest income

211.0k

Pre tax profit

36.3m155.8m179.4m

Income tax expense

14.0m55.9m54.2m

Net Income

22.4m99.9m125.2m

Florida Community Bank Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

107.1m102.5m52.9m115.9m

Accounts Receivable

104.6m7.9b

Inventories

6.6b

PP&E

39.0m37.0m36.7m36.1m

Goodwill

88.6m81.2m81.2m81.2m

Total Assets

6.0b7.3b9.1b10.7b

Accounts Payable

7.3b

Long-term debt

1.1b983.2m749.1m

Total Debt

1.1b983.2m749.1m

Total Liabilities

5.1b6.5b8.1b9.5b

Common Stock

44.0k

Additional Paid-in Capital

834.5m850.6m875.3m934.0m

Retained Earnings

35.1m88.5m188.5m313.6m

Total Equity

851.7m876.1m982.4m1.2b

Debt to Equity Ratio

1.3 x1.1 x0.6 x

Debt to Assets Ratio

0.2 x0.1 x0.1 x

Financial Leverage

7 x8.4 x9.3 x9.1 x

Florida Community Bank Cash Flow

Florida Community Bank Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

52 49 46

Non-performing Loans

$116 k$14 k$469 k$1.45 m$815 k$289 k$761 k$2.65 m$1.32 m$1.63 m

Total Loans

$3.93 b$4.12 b$4.53 b$4.81 b$5.19 b$5.64 b$6 b$6.27 b$6.63 b$6.92 b$7.25 b

Florida Community Bank Employee Rating

3.172 votes
Culture & Values
3.0
Work/Life Balance
3.3
Senior Management
2.8
Salary & Benefits
3.6
Career Opportunities
2.8
Source