Equity Research Dedicated to Community Banks

Mistakes Were Made

The good news is that this one is short, specific, and—mercifully—limited in scope. While reviewing the BVR universe, we found a handful of idiosyncratic issues where odd quarterly results or data quirks quietly snuck into forward run‑rate estimates. Nothing dramatic, nothing systemic, and nothing that changes the

Earnings Revisions on 9 Southwest nano- and micro-cap banks.

We are always a little surprised there aren't more Southwest banks that hit the criterion for research coverage at BankVault Research, LLC--not followed elsewhere. The area has roughly 750 banking companies, 360 in Texas alone. But it really points to the ability of these communities to support very

Earnings Revisions on 6 Mountain-Plains nano- and micro-cap banks.

We are down to six banks in the Moutain-Plains coverage. An undisclosed buyer has agreed to acquire Solera National Bancorp, Inc. (SLRK:OTC) for $70 million or $17.99 per share. This is roughly 66% of tangible book and 3.1x earnings. These are outrageously low multiples, but good for

Earnings Revisions on 18 Northeast nano- and micro-cap banks.

After a generally strong 3Q25, we are raising our estimates for most of the banks we follow in the Northeast. Companies covered herein include: Community Bancorp (CMTV), Delhi Bank Corp. (DWNX), ECB Bancorp, Inc. (ECBK), ES Bancshares, Inc. (ESBS), The First Bancorp, Inc. (FNLC), First Seacoast Bancorp, Inc. (FSEA), Gouverneur

Earnings Revisions on 26 Southeast nano- and micro-cap banks.

One thing to say about the Southeast banks in this market cap range, they get their financials straight. After seeing a few banks in the Midwest and West have issues with this it was nice to see a region where the banks feel that shareholders deserve clean information. Companies covered

Earnings Revisions on 36 Mid-Atlantic nano- and micro-cap banks.

One thing we will say about the Mid-Atlantic banks in this market cap range, they get their financials straight. After seeing a few banks in the Midwest and West have issues with this, it was nice to see a region where the banks feel that shareholders deserve clean information. Companies

Earnings Revisions on 36 Banks Western nano- and micro-cap banks.

Things get messy at this end of the market cap range. We stopped writing on Broadway Financial Corp. (BYFC). They haven't been able to file a 10Q and have a notice of noncompliance from NASDAQ. Something to do with how they accounted for sold loan participations. This could

Earnings Revisions on 39 Midwest nano- and micro-cap banks.

Things get messy at this end of the market cap range. We stopped writing on CNBN and IROQ; each announced they are the target of a merger since we wrote on them in October. We passed on MSBB this quarter because they haven't put out holding company level

Step Right Up: 3Q25 Statistical Overviews Available for all Regions

BankVault Research, LLC did the scrubbing for you.  We cleaned the bank data so they reflect the highest level available for each organization (holding company filings, call report, GAAP filings, or a mix depending on the company.)  You get all that data, and we calculated averages and medians by state

Intrinsic Value Report on 7 Mountain-Plains nano- and micro-cap banks.

So, what's it worth to you? We'll tell you. This report represents the DCF valuation report for the BankVault Research LLC Midwest bank coverage universe (CO, KS, MO, MT, UT, and WY). Use it to see how your holdings' prices stack up to a rigorous

Intrinsic Value Report on 9 Southwest nano- and micro-cap banks.

So, what's it worth to you? We'll tell you. This report represents the DCF valuation report for the BankVault Research LLC Midwest bank coverage universe (AR, LA, NM, OK, and TX). Use it to see how your holdings' prices stack up to a rigorous academic

Intrinsic Value Report on 18 Northeast nano- and micro-cap banks.

So, what's it worth to you? We'll tell you. This report represents the DCF valuation report for the BankVault Research LLC Midwest bank coverage universe (CT, ME, MA, NH, NY, PR, RI, VT, and VI). Use it to see how your holdings' prices stack up