Sussex Bancorp

At Sussex Bank, we go the distance to be closer to our customers! Sussex Bancorp is the holding company for Sussex Bank, which operates through its Regional Offices and Corporate Centers in Rockaway and Wantage, NJ. Established in 1975 by several local businessmen, our company serves a wide range of commercial and residential customers across the Northern New Jersey market areas. We have experienced considerable growth over recent years and believe in building strong, long lasting relationships while delivering the ultimate customer experience all the time; because that is what our customers deserve! Sussex Bank is a diversified financial services corporation along with our subsidiary, Tri-State Insurance Agency, Inc. In addition, the Bank operates eleven branch offices in Andover, Augusta, Franklin, Hackettstown, Montague, Newton, Oradell, Sparta, Vernon and Wantage, NJ, and has branch offices in Astoria, NY. Furthermore, we are an active community lender providing commercial loans and lines of credit to businesses throughout the Northern Region with our Regional Offices located in Rockaway, Oradell and Wantage, NJ. To meet the needs of our population, Sussex Bank offers a diverse selection of affordable home financing solutions. We also provide a full range of personal loans and lines of credit, as well as brokerage, investment and other traditional banking services. Tri-State Insurance Agency is one of the oldest, most respected independent insurance agencies in the region. The firm represents more than 20 of the country's most highly rated regional and national insurance agencies.
Type
Public
HQ
Dover, US
Founded
1975
Size (employees)
119 (est)
Sussex Bancorp was founded in 1975 and is headquartered in Dover, US

Sussex Bancorp Office Locations

Sussex Bancorp has an office in Dover
Dover, US (HQ)
700 100 Enterprise Dr

Sussex Bancorp Data and Metrics

Sussex Bancorp Financial Metrics

Sussex Bancorp's revenue was reported to be $37 m in 2016
Numbers are in $, USD

Revenue (Y, 2016)

37 m

Revenue growth (Y, 2015 - Y, 2016), %

56%

Gross profit (Y, 2016)

32.2 m

Gross profit margin (Y, 2016), %

87%

Net income (Y, 2016)

5.5 m

EBIT (Y, 2016)

23.1 m

Market capitalization (26-May-2017)

121.2 m

Closing share price (26-May-2017)

25.8

Cash (31-Dec-2016)

14.6 m

EV

200.4 m
Sussex Bancorp's current market capitalization is $121.2 m.
Numbers are in $, USDFY, 2013FY, 2014FY, 2015Y, 2016

Revenue

19.6 m21.3 m23.6 m37 m

Revenue growth, %

8%11%56%

Cost of goods sold

3.6 m4.8 m

Gross profit

20.1 m32.2 m

Gross profit Margin, %

85%87%

EBIT

19.4 m23.1 m

EBIT margin, %

82%62%

Pre tax profit

5.3 m8.4 m

Net Income

1.4 m2.6 m3.7 m5.5 m
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

13.2 m5.9 m6.1 m14.6 m

Accounts Receivable

1.6 m1.8 m1.8 m2.1 m

Inventories

PP&E

6.9 m8.7 m8.9 m8.7 m

Goodwill

2.8 m2.8 m2.8 m2.8 m

Total Assets

533.9 m595.9 m684.5 m848.7 m

Accounts Payable

Total Debt

69.5 m95.7 m93.8 m

Retained Earnings

13.4 m15.6 m18.5 m23.3 m

Total Equity

46.4 m51.2 m53.9 m60.1 m

Debt to Equity Ratio

1.4 x1.8 x1.6 x

Debt to Assets Ratio

0.1 x0.1 x0.1 x

Financial Leverage

11.5 x11.6 x12.7 x14.1 x
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

1.4 m2.6 m3.7 m5.5 m

Depreciation and Amortization

669 k797 k998 k1.1 m

Accounts Receivable

99 k(154 k)32 k(294 k)

Inventories

Accounts Payable

Cash From Operating Activities

9.1 m7.7 m8 m9.1 m

Cash From Investing Activities

(27.3 m)(71.2 m)(92.2 m)(158 m)

Dividends Paid

(746 k)(752 k)

Cash From Financing Activities

19.8 m56.1 m84.5 m157.4 m

Interest Paid

3.2 m3.3 m3.5 m4.7 m

Income Taxes Paid

46 k1.1 m1.1 m2.8 m
Numbers are in $, USDY, 2016

EV/EBIT

8.7 x

EV/CFO

21.9 x

Revenue/Employee

310.8 k

Debt/Equity

1.6 x

Debt/Assets

0.1 x

Financial Leverage

14.1 x

Sussex Bancorp Market Value History

Sussex Bancorp Online and Social Media Presence

Sussex Bancorp Company Life and Culture

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