Reliant Bank

Financial Services commercial banks lending mortgages

Commerce Union Bancshares, Inc. (NASDAQ: CUBN) is a Brentwood, Tennessee-based bank holding company which operates banking centers in Davidson, Robertson, Rutherford, Sumner and Williamson Counties, Tennessee through its wholly-owned subsidiary Reliant Bank. Reliant Bank is a full-service commercial bank that offers a variety of deposit, lending and mortgage products and services to business and consumer customers.

Revenue(FY, 2016)

$44.8 M

Market capitalization(2017-12-22)

$209.7 M

Total Loans(Q2, 2017)

$710.4 M

Type

Public

Franklin, US

Founded

2006

Size (employees)

143 (est)

Website

reliantbank.com

Reliant Bank was founded in 2006 and is headquartered in Franklin, US

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Reliant Bank Office Locations

Reliant Bank has an office in Franklin

Franklin, US (HQ)

1736 Carothers Pkwy

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Reliant Bank Financials and Metrics

Reliant Bank Financials

Reliant Bank's revenue was reported to be $44.82 m in FY, 2016 which is a 6% increase from the previous period.

Summary

USD
Revenue (Q1, 2017)	10.1 m
Gross profit (Q1, 2017)	9.1 m
Gross profit margin (Q1, 2017), %	90.1%
Net income (Q1, 2017)	1.6 m
EBIT (Q1, 2017)	7.6 m
Market capitalization (22-Dec-2017)	209.7 m
Cash (31-Mar-2017)	18.3 m

Reliant Bank's current market capitalization is $209.7 m.

Source: SEC Filings

Income Statement

Annual

USD	FY, 2014	FY, 2015	FY, 2016
Revenue	21.8 m	42.3 m	44.8 m
Revenue growth, %		94%	6%
Cost of goods sold			3.4 m
Gross profit			41.5 m

Quarterly

USD	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Revenue	11.4 m	12.5 m	12.8 m	12 m	10.2 m	10.1 m
Cost of goods sold	743 k	764 k	832 k	805 k	821 k	1 m
Gross profit	10.7 m	11.7 m	11.9 m	11.2 m	9.4 m	9.1 m
Gross profit Margin, %	93%	94%	93%	93%	92%	90%

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Source: SEC Filings

Balance Sheet

Annual

USD	FY, 2016
Cash	24.2 m
PP&E	9.1 m
Goodwill	11.4 m
Total Assets	912 m

Quarterly

USD	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Cash	22 m	33.4 m	26.5 m	16.6 m	35 m	18.3 m
PP&E			9.2 m	9.1 m	9 m	9.7 m
Goodwill	11.4 m	11.4 m	11.4 m	11.4 m	11.4 m	11.4 m
Total Assets	798.9 m	852.7 m	868.5 m	883.2 m	920 m	962.5 m

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Cash Flow

Annual

USD	FY, 2016
Net Income	7.9 m
Accounts Payable	52 k
Cash From Operating Activities	48.8 m
Cash From Investing Activities	(72.7 m)

Quarterly

USD	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Net Income	417 k	2.1 m	4.5 m	2.6 m	4.7 m	6.5 m	1.6 m
Depreciation and Amortization	94 k
Accounts Payable	(1 k)			84 k	72 k	79 k	51 k
Cash From Operating Activities	958 k	(13 m)	(14 m)	33.6 m	45.5 m	50.3 m	8.9 m

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Ratios

USD	Y, 2017
Revenue/Employee	54.8 k
Financial Leverage	8.8 x

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Reliant Bank Operating Metrics

Reliant Bank's Total Loans was reported to be $710.4m in Q2, 2017.

	FY, 2014	Q1, 2015	Q2, 2015	Q3, 2015	FY, 2015	Q1, 2016	Q2, 2016	Q3, 2016	FY, 2016	Q1, 2017	Q2, 2017
Bank Branches	4				9				7
Non-accrual Loans	$2.63 m		$4.10 m	$4.27 m	$5 m	$4.34 m	$3.88 m	$6.12 m	$5.63 m	$5.50 m	$5.86 m
Non-performing Loans	$8.82 m		$4.28 m	$4.27 m	$6.71 m	$7.39 m	$7.61 m	$9.77 m	$8.59 m	$9.17 m	$9.76 m
Total Loans	$309.50 m	$252.92 m	$566.62 m	$586.31 m	$608.75 m	$614.64 m	$640.59 m	$652.45 m	$657.70 m	$688.54 m	$710.45 m