CIWV
CITZNS FINCL CORP W VA
stock OTC

I’ll kick off:
Banks I follow:
1. ⁠FFBB: 10 yr EPS CAGR \~25%, fwd p/e \~10 & buybacks! Community bank expanding across California, still from a single branch! Highly digitalised bank. Stock price is currently depressed due to KYC/AML remediation and trading on OTC markets, while the bank continues to build across California. Video discussing FFBB from 34:00
[https://youtu.be/pslDkQS57yg?si=Hm2V\_YZwJupcD-bm](https://youtu.be/pslDkQS57yg?si=Hm2V_YZwJupcD-bm)
2. ⁠MSBC: Community bank from Bakerfield California. 10 year EPS CAGR \~19%, fwd p/e \~8. MSBC offers 5% stock div so correcting for this we arrive at 25% EPS CAGR. Reason for the attractive valuation may be the OTC listing.
3. ⁠NBN 10 year EPS CAGR \~30%, p/e \~ 12 (bit more expensive). NBN buys loans from banks that need to divest them due to regulations (for example in case of M&A banks may be required to sell certain loans for regulatory approval). Seems a good business run by competent management. Stock has had a great run, but so has the EPS.
Videos discussing NBN:
[https://youtu.be/KjreFjA9Muc?si=mdaIMtY\_VMcFn5pg](https://youtu.be/KjreFjA9Muc?si=mdaIMtY_VMcFn5pg)
From 40:12: https://youtu.be/OhKceD3IAb8?is=dtBaz-mhTyn6WcXJ
Other interesting bank tickers
FMCB: OTC US Bank, UBAB, NRIM, DENI, FFH, EWBC, CIWV,
Bank stocks mentioned in this sub earlier:
4. Slovenian bank NLB. [https://substack.com/@illiquidalpha/p-200128457](https://substack.com/@illiquidalpha/p-200128457)
5 CZBS (USA)
6 SGX: D05
Not a bank but an interesting fintech pick:
1 Flow traders: NL niche market maker traded in AMS, p/e is \~8 and ROE is \~20%. Trading near cash, stock could double in the near term. Business benefits from volatility since trading volumes and spreads rise. Not a volume business like Jane Street, but more niche (focusing on securities like Emerging Markets ETFs).
CMD: [https://youtu.be/E\_T3mor5GmM?is=u5Oc-L5t9WRPN32b](https://youtu.be/E_T3mor5GmM?is=u5Oc-L5t9WRPN32b)
2 Chubb: WB pick, so like to mention this in this sub :-)
3 138040: Korean investment bank likely to profit from the Chaebol restructuring. P/e is 8 while EPS has a lot of room to compound over the next decade

I’ll kick off:
Banks I follow:
1. ⁠FFBB: 10 yr EPS CAGR \~25%, fwd p/e \~10 & buybacks! Community bank expanding across California, still from a single branch! Highly digitalised bank. Stock price is currently depressed due to KYC/AML remediation and trading on OTC markets, while the bank continues to build across California. Video discussing FFBB from 34:00
[https://youtu.be/pslDkQS57yg?si=Hm2V\_YZwJupcD-bm](https://youtu.be/pslDkQS57yg?si=Hm2V_YZwJupcD-bm)
2. ⁠MSBC: Community bank from Bakerfield California. 10 year EPS CAGR \~19%, fwd p/e \~8. MSBC offers 5% stock div so correcting for this we arrive at 25% EPS CAGR. Reason for the attractive valuation may be the OTC listing.
3. ⁠NBN 10 year EPS CAGR \~30%, p/e \~ 12 (bit more expensive). NBN buys loans from banks that need to divest them due to regulations (for example in case of M&A banks may be required to sell certain loans for regulatory approval). Seems a good business run by competent management. Stock has had a great run, but so has the EPS.
Videos discussing NBN:
[https://youtu.be/KjreFjA9Muc?si=mdaIMtY\_VMcFn5pg](https://youtu.be/KjreFjA9Muc?si=mdaIMtY_VMcFn5pg)
From 40:12: https://youtu.be/OhKceD3IAb8?is=dtBaz-mhTyn6WcXJ
Other interesting bank tickers
FMCB: OTC US Bank, UBAB, NRIM, DENI, FFH, EWBC, CIWV,
Bank stocks mentioned in this sub earlier:
4. Slovenian bank NLB. [https://substack.com/@illiquidalpha/p-200128457](https://substack.com/@illiquidalpha/p-200128457)
5 CZBS (USA)
6 SGX: D05
Not a bank but an interesting fintech pick:
1 Flow traders: NL niche market maker traded in AMS, p/e is \~8 and ROE is \~20%. Trading near cash, stock could double in the near term. Business benefits from volatility since trading volumes and spreads rise. Not a volume business like Jane Street, but more niche (focusing on securities like Emerging Markets ETFs).
CMD: [https://youtu.be/E\_T3mor5GmM?is=u5Oc-L5t9WRPN32b](https://youtu.be/E_T3mor5GmM?is=u5Oc-L5t9WRPN32b)
2 Chubb: WB pick, so like to mention this in this sub :-)
3 138040: Korean investment bank likely to profit from the Chaebol restructuring. P/e is 8 while EPS has a lot of room to compound over the next decade