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OTC MARKETS · Banking · CIK 0001668340
$16.15
+0.94% · live
Updated
$62.6M market value
From Bancorp 34, Inc.'s FY2024 10-K, filed Mar 6, 2025 · read the filing
Bancorp 34 takes deposits and lends money.
The financial picture is led by profitability, with debt worth watching.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Financial health
Strong finances across the board.
From Bancorp 34, Inc.'s FY2024 annual filing · share price scored separately
Largest year-over-year changes in FY2024
Profit
-$3.4M → $1.7M
Free cash flow
$684.0K → $2.5M
Long-term debt
$54.0M → $28.5M
Cash
$28.9M → $113.6M
Measured against FY2023, from the 10-K filed Mar 6, 2025
Improved: turned positive
-$3.4M to $1.7MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
How the latest move compares (quote live), and what was published around it
BCTF rose 0.94% on the latest quote. The average Financials company tracked here moved −1.33%, and the S&P 500 −0.47%. That is 2.3 points above its sector and 1.4 points above the market.
No filing from BCTF and no news item about it appeared in the last 3 days.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
Filter by minute, hour, day or week — or compare against peers
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Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 0.0% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It earned $1.7M last year.
Not enough history has been reported to judge growth.
For every $1 it owes, it owns $1.10 in assets. Banks and insurers always carry high debt — that is how lending works — so this is normal for the industry and not comparable with other sectors.
Core operating and valuation reference metrics
Income
This company pays no dividend. It keeps its profits and reinvests them in the business instead, so any return would have to come from the share price.
Figures from the FY2024 annual filing
Last year it earned $1.7M and generated $3.0M of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202410-K · Mar 6, 2025Filing for FY2024 | FY202310-K · Mar 8, 2024Filing for FY2023 | FY202210-K · Mar 6, 2025Filing for FY2022 | FY201910-K · Feb 18, 2020Filing for FY2019 | FY201810-K · Feb 18, 2020Filing for FY2018 | ChangeFY2024 vs FY2023 |
|---|---|---|---|---|---|---|
| Interest expense | $21.5M | $12.9M | $5.3M | $4.8M | $3.2M | +65.9% |
| Income before tax | $615.0K | -$3.9M | $1.4M | $2.6M | $2.5M | n/m |
| Net income | $1.7M | -$3.4M | $1.3M | $710.2K | $1.1M | n/m |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $0.436 | — | — | $0.2213 | $0.3181 | — |
† calculated from other reported figures, such as total liabilities as assets minus equity.
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Nothing recent
No insider trades, pending-sale notices or 5% stake filings from BCTF in the last few months. That is the ordinary case, not a gap.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Annual report for FY2024
Profit turned positive · Free cash flow +261.7% · Long-term debt -47.2% — against FY2023
Read the filingHeld a shareholder vote
Read the filingWrite down why you are following Bancorp 34, Inc., what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
Coverage from the last 30 days
Primary sources and further research
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from BCTF's 10-K for fiscal year 2024 (period ending 2024-12-31, filed Mar 6, 2025), reported under the US GAAP taxonomy. View the source filing.
2 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Growth and Accounting had too few reported figures and are left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 5 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2024 | 8.0 | 5/5 | 10-K, filed Mar 6, 2025 |
| FY2023 | 4.0 | 2/4 | 10-K, filed Mar 8, 2024 |
| FY2022 | 8.0 | 3/3 | 10-K, filed Mar 8, 2024 |
| FY2019 | 8.0 | 4/5 | 10-K, filed Feb 18, 2020 |
| FY2018 | 8.0 | 3/5 | 10-K, filed Feb 19, 2019 |
| FY2017 | 8.0 | 4/5 | 10-K, filed Mar 14, 2018 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
5 of 5 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's. 4 could not be evaluated and are excluded from the total rather than counted as failures.
not reported — Not meaningful for banks, insurers and other financial companies. Their balance sheets have no working capital and are leveraged by design, which this model misreads as distress.
Not meaningful for banks, insurers and other financial companies. Their balance sheets have no working capital and are leveraged by design, which this model misreads as distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — Not meaningful for banks, insurers and other financial companies. Their balance sheets have no working capital and are leveraged by design, which this model misreads as distress.
Not meaningful for banks, insurers and other financial companies. Their balance sheets have no working capital and are leveraged by design, which this model misreads as distress.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2024 filing as filed with the SEC.
Improved: +261.7%
$684.0K to $2.5MCritical
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Improved: -47.2%
$54.0M to $28.5MCritical
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Improved: +293.1%
$28.9M to $113.6MCritical
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Changed: +121.2%
$226.0K to $500.0KCritical
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
Trailing P/E is not meaningful because the latest trailing earnings are zero or negative. The price-to-book and price-to-sales figures below still provide reference points.
Not meaningful for banks, insurers and other financial companies. Their balance sheets have no working capital and are leveraged by design, which this model misreads as distress.
* Valuation inputs marked stale are based on an annual filing older than eighteen months. The market value is current, but the denominator is not.
Quarterly report for Q3 FY2024
Profit turned positive · Earnings per share turned positive · Cash +779.1% — against Q3 FY2023
Read the filingQuarterly report for Q2 FY2024
Profit +1347.1% · Cash +596.4% — against Q2 FY2024
Read the filingAttached financial statements or exhibits
Read the filingQuarterly report for Q1 FY2024
Profit turned negative · Free cash flow turned negative · Cash +644.3% — against Q1 FY2024
Read the filingHad a director or senior officer leave or join
Read the filingHad a director or senior officer leave or join
Read the filingCompleted an acquisition or disposal · Had a director or senior officer leave or join · Held a shareholder vote · Made a Regulation FD disclosure
Read the filingPublished results
Read the filingAnnual report for FY2023
Profit turned negative · Free cash flow -92.5% · Cash +70.5% — against FY2022
Read the filingQuarterly report for Q3 FY2023
Profit turned negative · Cash +27.1% — against Q3 FY2023
Read the filingSigned a material agreement · Published results
Read the filingHad a director or senior officer leave or join
Read the filingReported another event
Read the filingReceived a delisting or listing-standard notice
Read the filingHad a director or senior officer leave or join
Read the filingHeld a shareholder vote
Read the filingQuarterly report on Form 10-Q
Read the filingHad a director or senior officer leave or join
Read the filing