Stock fact sheet · data as of
First Commerce Bank (CMRB): fair value, margin of safety and Wheel Score
Financial Services · Banks - Regional · United States · Defensive
Is CMRB undervalued?
CMRB closed at 7.37 on 16 Oct 2026, 12% below the GLS average fair value of 8.39 from 9 models (5 of them above the price). That is a moderate margin of safety: the stock passes the "below fair value" rule of the Sunday Scan, and the Wheel Score gives it 18 of the 25 Value points.
The 9 models disagree widely: DDM gives 2.21 while DCF gives 17.20. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files CMRB under Defensive: a low beta, a dividend and positive earnings.
Nine valuation models for CMRB
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | 17.20 | +133% | Present value of the projected free cash flows, discounted at the cost of capital |
| Graham Number | 13.21 | +79% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 12.54 | +70% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 3.11 | -58% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 2.28 | -69% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 11.21 | +52% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 5.13 | -30% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 2.21 | -70% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 8.64 | +17% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -71.34 | -1068% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is weak: CMRB passes 4 of the nine Piotroski tests. Our screens drop the stock at the health rule; a low score is often the reason a stock looks cheap on the valuation models. The GLS Moat score is low at 4.1 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are thin or negative - ROIC 1.7%, ROE 4.7%, ROA 0.5% - with debt at 1.77 times equity and negative free cash flow.
The dividend yield is 2.04% at a payout ratio of 0%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold.
Institutional ownership scores 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 4 / 9 | ROIC | 1.7% |
|---|---|---|---|
| GLS Moat | 4.1 / 10 | ROE | 4.7% |
| Debt / equity | 1.77 | ROA | 0.5% |
| Free-cash-flow yield | 0.0% | Payout ratio | 0% |
| Institutions | 5 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 39: No options
CMRB has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business; the Wheel Score is capped at 39 and shown as "No options" (39 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 4k shares a day on a market cap of $153M, with a beta of 0.06 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 6 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 18 / 25 | 12% margin of safety | |
| Health | 9 / 20 | Piotroski 4/9 | |
| Moat | 6 / 15 | moat 4.1/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 6 / 20 | 4k shares/day, $153M cap, beta 0.06 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for CMRB in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Banks - Regional
The 12 companies below are the closest to First Commerce Bank by market cap within the Banks - Regional industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| AMBK American Bank Incorporated | 24.23 | 26.35 | +8% | 38No options | $154M |
| BEOB BEO Bancorp | 62.26 | 174.17 | +64% | 39No options | $151M |
| FINW FinWise Bancorp | 10.75 | 23.10 | +53% | 39No options | $149M |
| FSRL First Reliance Bancshares, Inc. | 18.85 | 26.77 | +30% | 39No options | $149M |
| EMYB Embassy Bancorp, Inc. | 21.34 | 38.11 | +44% | 39No options | $158M |
| TYCB Calvin B. Taylor Bankshares, Inc. | 60.00 | 139.25 | +57% | 39No options | $158M |
| STLE Steele Bancorp Inc. | 46.66 | 205.00 | +77% | 39No options | $159M |
| WRIV White River Bancshares Co. | 32.65 | 31.33 | -4% | 39No options | $159M |
| JDVB JD Bancshares, Inc. | 42.91 | 39.25 | -9% | 33No options | $147M |
| FMBM F & M Bank Corp. | 40.85 | 62.17 | +34% | 39No options | $147M |
| CNBW CNB Corp. | 97.00 | 50.41 | -92% | 24No options | $161M |
| BCBP BCB Bancorp, Inc. | 8.31 | 18.20 | +54% | 45Weak | $144M |
⚖ Compare CMRB with 7 of them All Financial Services stocks →
Screen the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the same eight-rule screen, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about CMRB
Is CMRB undervalued right now?
By the GLS models, moderately: at 7.37 the stock trades 12% below the average fair value of 8.39 (data as of 16 Oct 2026).
What is the Wheel Score of CMRB and what does it mean?
CMRB has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for CMRB?
8.39 per share as of 16 Oct 2026 - the simple average of the 9 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does First Commerce Bank report earnings next?
No upcoming earnings date is recorded for CMRB in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does CMRB have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on CMRB, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.