$586.5 M

OLBK Mkt cap, 22-Jun-2018

$23.1 M

Old Line Bancshares Revenue Q1, 2018
Old Line Bancshares Gross profit (Q1, 2018)19.5 M
Old Line Bancshares Gross profit margin (Q1, 2018), %84.2%
Old Line Bancshares EBIT (Q1, 2018)17.3 M
Old Line Bancshares Cash, 31-Mar-201888.5 M

Old Line Bancshares Financials

Old Line Bancshares Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

44.3 m45.6 m51.5 m68.7 m

Revenue growth, %

3%13%34%

Cost of goods sold

4.9 m7.5 m11.5 m

Gross profit

46.6 m61.2 m

Gross profit Margin, %

91%89%

Sales and marketing expense

20.6 m

R&D expense

1.7 m

General and administrative expense

7.1 m

Operating expense total

44.8 m

EBIT

45.3 m51.4 m61.2 m

EBIT margin, %

88%75%

Pre tax profit

15.8 m20 m24.1 m

Income tax expense

5.4 m6.8 m8.2 m

Net Income

7.7 m7.1 m10.5 m13.2 m16 m

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

13.9 m14.9 m16.1 m17.2 m17.5 m18.5 m19 m23.1 m

Cost of goods sold

1.2 m1.3 m1.5 m1.6 m2 m2.5 m2.8 m3.6 m

Gross profit

12.7 m13.6 m14.6 m15.5 m15.5 m16 m16.2 m19.5 m

Gross profit Margin, %

91%92%90%90%89%87%85%84%

Sales and marketing expense

4.3 m4.4 m5.4 m5.5 m4.9 m4.9 m5.1 m5.5 m

R&D expense

367.2 k350.9 k397.8 k383.7 k384.4 k356.6 k361.5 k609.6 k

General and administrative expense

1.3 m1.5 m1.7 m1.6 m1.9 m1.7 m1.7 m2 m

Operating expense total

8.8 m8.6 m10.6 m10.6 m9.8 m9.5 m9.9 m11 m

EBIT

11.1 m11.5 m11.8 m12.7 m13 m13.7 m14 m17.3 m

EBIT margin, %

80%77%73%74%75%74%73%75%

Pre tax profit

3.8 m4.7 m3.2 m4.7 m5.4 m6 m6 m8.1 m

Income tax expense

1.2 m1.6 m1 m1.6 m1.8 m2.1 m2.1 m2 m

Net Income

1.8 m1.8 m1.7 m2.7 m2.6 m3.1 m2.1 m3.1 m3.5 m4 m4 m

Old Line Bancshares Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

29.1 m25.4 m43.7 m23.5 m35.2 m

Accounts Receivable

3.4 m3.2 m3.8 m4.3 m

Inventories

PP&E

35.2 m34.3 m36.2 m36.7 m41.2 m

Goodwill

7.8 m7.8 m9.8 m9.8 m25.1 m

Total Assets

1.2 b1.2 b1.5 b1.7 b2.1 b

Accounts Payable

1.3 b1.7 b

Short-term debt

Long-term debt

Total Liabilities

1.6 b1.9 b

Additional Paid-in Capital

104.6 m105.2 m105.3 m106.7 m148.9 m

Retained Earnings

24.9 m30.1 m38.3 m48.8 m61.1 m

Total Equity

126.5 m135.5 m144 m150.7 m

Financial Leverage

9.2 x9.1 x10.5 x11.3 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

51 m54.4 m30.2 m42.8 m38.8 m41.9 m30.6 m35.6 m33.6 m30.2 m28.5 m26.5 m88.5 m

PP&E

35.5 m34.7 m34.6 m34.4 m33.9 m33.8 m33.9 m36 m36.6 m36.2 m36.9 m37 m41 m

Goodwill

7.8 m7.8 m7.8 m7.8 m7.8 m7.8 m7.8 m9.8 m9.8 m9.8 m9.8 m9.8 m25.1 m

Total Assets

1.2 b1.2 b1.2 b1.2 b1.3 b1.3 b1.3 b1.5 b1.6 b1.7 b1.8 b1.8 b2.2 b

Accounts Payable

985.4 m1 b1 b1 b1.1 b1.1 b1.1 b1.2 b1.3 b1.3 b1.4 b1.4 b1.8 b

Total Liabilities

1.1 b1.1 b1.1 b1.1 b1.1 b1.2 b1.2 b1.4 b1.4 b1.5 b1.6 b1.6 b2 b

Additional Paid-in Capital

104.4 m104.7 m104.8 m104.9 m104.3 m101.5 m100.6 m105.4 m105.6 m106 m107 m107.3 m149.7 m

Retained Earnings

20.9 m26.3 m27.6 m28.8 m32.3 m34.4 m36.9 m39.8 m42.3 m45.2 m51.9 m55 m66.6 m

Total Equity

123.1 m129.5 m132.2 m133.5 m137.6 m136 m138.3 m146.3 m149.2 m151.9 m155.1 m210.4 m

Financial Leverage

9.6 x9.2 x9 x9 x9.3 x9.7 x9.6 x10.4 x10.7 x10.9 x11.4 x10.5 x

Old Line Bancshares Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

7.7 m7.1 m10.5 m13.2 m16 m

Depreciation and Amortization

1.9 m2.3 m2.3 m2.6 m2.5 m

Accounts Receivable

93 k214.5 k(342.3 k)(463.7 k)(612.8 k)

Inventories

Accounts Payable

1.2 k128.4 k852.7 k155.4 k

Cash From Operating Activities

15.6 m10.2 m14 m20.4 m24.2 m

Purchases of PP&E

(54 m)(156.4 m)

Cash From Investing Activities

16.3 m(64.9 m)(135.5 m)(232.7 m)(63.2 m)

Cash From Financing Activities

(31.5 m)51.1 m139.8 m192.1 m50.8 m

Interest Paid

(4.5 m)(3.9 m)(4.7 m)6.4 m11.3 m

Income Taxes Paid

(714.8 k)(1.2 m)415.2 k2.7 m4.9 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Net Income

3.4 m1.8 m3.6 m5.3 m2.7 m5.3 m8.5 m2.1 m5.3 m8.8 m4 m7.9 m6.1 m

Depreciation and Amortization

1.3 m591.5 k1.1 m1.7 m572 k1.1 m1.7 m654.9 k1.3 m2 m589 k1.2 m725.2 k

Accounts Receivable

269.6 k301.9 k454.5 k430.5 k45.8 k(123.1 k)(5.3 k)159.1 k110.3 k128.4 k234 k133.4 k166.1 k

Accounts Payable

(308 k)(22.8 k)(34.9 k)(23.1 k)18.4 k56.9 k91.7 k32 k31.7 k295.4 k(487.1 k)71.2 k(366.1 k)

Cash From Operating Activities

11.4 m1.4 m3 m6.9 m(1.1 m)6.2 m13.9 m9.7 m12.6 m7.7 m

Purchases of PP&E

(1.4 m)(14.1 m)(27.9 m)(1.6 m)(14.3 m)(6.7 m)(12 m)(90.6 m)(138.2 m)(8.8 m)(23.7 m)(3.4 m)

Cash From Investing Activities

24.4 m1.9 m(22.2 m)(23 m)(29.9 m)(69 m)(101.5 m)(25.8 m)(92.7 m)(153.8 m)(57.3 m)(82.3 m)(55.6 m)

Cash From Financing Activities

(13.5 m)22 m20.4 m29.8 m44.4 m79.3 m92.9 m8 m71.9 m125.9 m50.3 m72.7 m101.2 m

Interest Paid

(3.5 m)(1 m)(2.1 m)(3 m)(1 m)(2.2 m)(3.4 m)(1.5 m)2.7 m4.7 m3 m4.7 m4 m

Income Taxes Paid

(539.6 k)(60 k)(1.4 m)(1 m)(60 k)(1.1 m)(1.2 m)612.1 k885 k1.4 m2.7 m

Old Line Bancshares Ratios

USDY, 2018

Financial Leverage

10.5 x
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Old Line Bancshares Operating Metrics

Old Line Bancshares's Total Loans was reported to be $1.4b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

19 23 21

Non-accrual Loans

$5.97 m$3.76 m$3.47 m$1.84 m$5.98 m$8.18 m$8.45 m$7.70 m$6.73 m$1.42 m$2.32 m

Non-accrual Loans, units

17 15 18 8 37 40 41 37 36 10 13

Total Loans

$926.57 m$963.71 m$1.01 b$1.04 b$1.15 b$1.18 b$1.24 b$1.29 b$1.36 b$1.42 b$1.45 b
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