Detailed financial statements for LINKBANCORP, Inc. (LNKB): income statement, balance sheet and cash-flow summary. Track margins, debt, liquidity and profitability trends year over year with up to 20 years of history.
LINKBANCORP, Inc. serves as the parent company for The Gratz Bank, a full-service commercial bank operating under a state charter in Pennsylvania. The institution offers a variety of deposit accounts, including checking, savings, money market, and certificates of deposit (CDs).
Analysis Summary
LINKBANCORP, Inc. reported revenue of $175.4M in the most recent fiscal year, growing at a 5-year CAGR of 61.3%. Net income reached $33.5M, with a 51.5% 5-year CAGR.
Trailing-twelve-month margins: gross margin 61.0%, operating margin 24.3%, net margin 19.1%. Free cash flow grew at 51.1% CAGR over 5 years.
At the current price of $8.69, LNKB trades at a P/E of 9.67 and an ROE of 11.13%. Market capitalisation stands at $326M.
Balance sheet quality for LNKB: current ratio of 0.1, net cash position of $147.5M. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Cash flow quality is decent: free cash flow of $23.8M represents 71% conversion of reported net income. High conversion (above 90%) suggests earnings translate cleanly into cash; lower conversion may indicate working capital tightness or accounting timing differences.
Income Statement (10y)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue | $16.0M | $20.6M | $43.2M | $66.3M | $167.6M | $175.4M |
| Cost of Revenue | $2.9M | $3.0M | $8.6M | $35.8M | $59.1M | $68.5M |
| Gross Profit | $13.1M | $17.6M | $34.7M | $30.5M | $108.5M | $106.9M |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $4.6M | $7.2M | $16.9M | $21.8M | $44.1M | $45.4M |
| Operating Expenses | $8.3M | $17.5M | $27.8M | $45.8M | $74.9M | $64.3M |
| Operating Income | $4.8M | $100000 | $6.8M | -$15.3M | $33.6M | $42.6M |
| EBITDA | $5.1M | $580000 | $7.9M | -$13.5M | $40.3M | $44.3M |
| Interest Expense | $2.7M | $2.4M | $7.3M | $26.5M | $58.8M | $60.3M |
| Pre-tax Income | $4.8M | $100000 | $6.8M | -$15.3M | $33.6M | $42.6M |
| Income Tax | $645000 | -$189000 | $1.2M | -$3.4M | $7.4M | $9.1M |
| Net Income | $4.2M | $289000 | $5.6M | -$12.0M | $26.2M | $33.5M |
| EPS | $0.74 | $0.04 | $0.49 | $-0.67 | $0.71 | $0.90 |
| EPS (Diluted) | $0.74 | $0.04 | $0.49 | $-0.67 | $0.71 | $0.90 |
| Shares Outstanding (Diluted) | $5.7M | $7.3M | $11.3M | $17.8M | $37.1M | $37.4M |
Balance Sheet (10y)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $50.2M | $35.4M | $35.6M | $80.2M | $166.1M | $15.5M |
| Short-term Investments | $125.4M | $103.8M | $78.8M | $115.5M | $655000 | $262.6M |
| Receivables | $1.6M | $5.4M | $12.1M | 0 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | $177.2M | $144.6M | $126.5M | $195.7M | $166.8M | $278.1M |
| Property, Plant & Equipment | $3.8M | $10.0M | $17.0M | $35.6M | $32.9M | $31.2M |
| Goodwill | $2.3M | $35.8M | $35.8M | $57.0M | $58.8M | $74.2M |
| Intangible Assets | $177000 | $1.3M | $1.1M | $25.7M | $21.0M | 0 |
| Total Assets | $429.5M | $932.8M | $1.16B | $2.67B | $2.88B | $3.07B |
| Accounts Payable | $2.2M | $6.3M | $6.7M | 0 | 0 | 0 |
| Short-term Debt | 0 | 0 | $20.9M | $10.0M | $10.0M | 0 |
| Total Current Liabilities | $377.7M | $782.6M | $984.6M | $2.21B | $2.37B | $2.55B |
| Long-term Debt | $1.1M | $20.7M | $40.5M | $62.0M | $102.5M | $115.0M |
| Total Liabilities | $378.9M | $823.1M | $1.03B | $2.40B | $2.60B | $2.76B |
| Retained Earnings | $26.0M | $24.8M | $27.1M | $4.8M | $19.9M | $42.3M |
| Total Equity | $50.7M | $109.6M | $138.6M | $265.3M | $280.2M | $306.4M |
| Total Debt | $1.5M | $25.4M | $81.9M | $88.4M | $128.2M | $130.6M |
| Net Debt | -$174.2M | -$113.8M | -$32.6M | -$107.3M | -$38.5M | -$147.5M |
| Working Capital | -$200.5M | -$638.0M | -$858.1M | -$2.01B | -$2.20B | -$2.28B |
Cash Flow (10y)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Net Income | $4.2M | $289000 | $5.6M | -$12.0M | $26.2M | $33.5M |
| Depreciation & Amortization | $309000 | $480000 | $1.1M | $1.8M | $6.7M | $5.9M |
| Stock-based Compensation | 0 | $292000 | $656000 | $1.0M | $1.9M | $2.3M |
| Change in Working Capital | -$926000 | $1.2M | -$3.8M | -$1.5M | $4.0M | -$816000 |
| Operating Cash Flow | $3.1M | $4.8M | $2.3M | -$10000 | $25.4M | $25.3M |
| Capital Expenditure | -$109000 | -$260000 | -$4.6M | -$1.4M | -$2.9M | -$1.5M |
| Acquisitions | 0 | $39.9M | 0 | $41.7M | -$483000 | $26.2M |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | -$1.4M | -$1.5M | -$3.3M | -$4.9M | -$11.1M | -$11.2M |
| Free Cash Flow | $3.0M | $4.5M | -$2.3M | -$1.4M | $22.6M | $23.8M |
Growth & Margins (10y)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Revenue Growth (YoY) | +28.6% | +109.5% | +53.4% | +152.8% | +4.7% | |
| Net Income Growth (YoY) | -93.1% | +1837.0% | -313.8% | +319.0% | +27.9% | |
| EPS Growth (YoY) | -94.3% | +1066.7% | -236.7% | +206.0% | +26.8% | |
| Shares Change (YoY) | +27.4% | +56.0% | +57.0% | +109.0% | +0.8% | |
| FCF Growth (YoY) | +49.5% | -149.9% | +38.6% | +1731.0% | +5.5% | |
| Gross Margin | 81.9% | 85.3% | 80.2% | 46.0% | 64.7% | 61.0% |
| Operating Margin | 30.2% | 0.5% | 15.8% | -23.1% | 20.0% | 24.3% |
| EBITDA Margin | 32.1% | 2.8% | 18.3% | -20.4% | 24.0% | 25.2% |
| Net Margin | 26.1% | 1.4% | 13.0% | -18.1% | 15.6% | 19.1% |
| FCF Margin | 18.8% | 21.9% | -5.2% | -2.1% | 13.5% | 13.6% |
| Effective Tax Rate | 13.3% | -189.0% | 17.9% | 21.9% | 22.0% | 21.3% |
Per-Share Data (10y)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| FCF Per Share | $0.53 | $0.62 | $-0.20 | $-0.08 | $0.61 | $0.64 |
| Dividends Per Share | $0.25 | $0.20 | $0.29 | $0.27 | $0.30 | $0.30 |
| Shares Outstanding (Basic) | $5.7M | $6.9M | $11.3M | $17.8M | $37.0M | $37.3M |
What to look at in Banking companies
- Efficiency Ratio (<=55%) — Operating expenses / revenue. Top banks below 55%.
- ROA (>=1%) — How much they earn per dollar of assets. ROE misleads in banks due to leverage.
- ROTCE (>=12%) — Return on Tangible Common Equity. Strips goodwill and intangibles.
- Equity / Assets (Tier 1 proxy) (>=8%) — Capital ratio proxy. FMP does not expose regulatory Tier 1 directly.
- P/B (1.0-1.5x) — Classic banking metric. <1x can be opportunity or distress.
- Sustainable dividend yield (>=2%, <8%) — EU banks pay 5-7% normally. >8% is distress signal.
Profitability
| Return on Equity | 11.13% |
| Return on Invested Capital | 6.50% |
| Return on Assets | 1.09% |
| Gross Margin | 60.97% |
| Operating Margin | 24.29% |
| Net Margin | 19.10% |
Financial Health
| Debt / Equity | 0.43 |
| Current Ratio | 0.11 |
| Piotroski F-Score | 5 |
| Altman Z-Score | -0.70 |
Key Ratios (10y)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| P/E | 15.20 | 290.48 | 19.08 | -11.90 | 10.54 | 9.18 |
| P/B | 1.26 | 0.77 | 0.76 | 0.53 | 0.99 | 1.00 |
| P/S | 3.99 | 4.07 | 2.45 | 2.13 | 1.65 | 1.75 |
| Gross Margin | 81.9% | 85.3% | 80.2% | 46.0% | 64.7% | 61.0% |
| Operating Margin | 30.2% | 0.5% | 15.8% | -23.1% | 20.0% | 24.3% |
| Net Margin | 26.1% | 1.4% | 13.0% | -18.1% | 15.6% | 19.1% |
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Explore sector: Financial Services · Banks - Regional
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