ArrowMark Financial Corp. (BANX)
StoneCastle Financial Corp., a closed-end mutual fund managed by StoneCastle Asset Management LLC, implements a diversified investment approach. Its equity holdings are primarily concentrated in publicly traded companies within the U.S. banking industry, specifically including dividend-paying growth and value stocks. As for its fixed-income allocation, the fund invests in subordinated debt securities that maintain a Kroll Ratings assessment of BBB- or higher. The fund builds its portfolio through a meticulous bottom-up, fundamental analysis strategy. This process involves a comprehensive review of past and future financial data, direct interviews with the management and essential personnel of potential banking investments, and the development of detailed financial models and projections. Furthermore, the fund carefully monitors broader economic indicators, such as changes in interest rates, unemployment rates, home prices, and overall economic activity. Proprietary research also plays a crucial role in shaping its investment choices. StoneCastle Financial Corp. was established on February 7, 2013, and is domiciled in the United States.
Industry: Asset Management
ArrowMark Financial Corp.
NASDAQ:BANXFinancial Services · Asset Management
-0.38%$19.68
Mkt Cap$190.57M
Float8.78M
O/S9.69M
Inst Own18.5%
SI0.3%
Div Yield12.45%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$17.37M
Net Income$17.89M
Total Assets$203.75M
Free Cash Flow$10.87M
Debt & Equity
Debt 13%
Equity 87%
Total Debt$25.2M
Total Equity$171.54M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in BANX's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$203.75M
Liabilities$32.21M
Accounts Receivable$4.28M
Accounts Payable$3.51M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 |
| Revenue | $17.37M | $29.47M | $28.68M | $21.53M | $17.36M | $16.65M | $16.35M | $17.73M | $17.37M | $17.03M | $15.77M | $8.63M |
| YoY Growth | -41.1% | 2.7% | 33.2% | 24.0% | 4.3% | 1.8% | -7.7% | 2.0% | 2.0% | 8.1% | 82.7% | - |
| Cost of Revenue | $4.09M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $13.28M | $29.47M | $28.68M | $21.53M | $17.36M | $16.65M | $16.35M | $17.73M | $17.37M | $17.03M | $15.77M | $8.63M |
| Gross Margin | 76.4% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $2.13M | $5.98M | $6.02M | $5.83M | $5.13M | $4.8M | $4.74M | $5.04M | $5.16M | $5.08M | $5.05M | $3.78M |
| Other | -$10.74M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Operating Expenses | -$8.61M | $5.98M | $6.02M | $5.83M | $5.13M | $4.8M | $4.74M | $5.04M | $5.16M | $5.08M | $5.05M | $3.78M |
| Operating Income (EBIT) | $21.89M | $23.49M | $22.66M | $15.71M | $12.24M | $11.85M | $11.61M | $12.68M | $12.21M | $11.95M | $10.72M | $4.85M |
| Operating Margin | 126.0% | 79.7% | 79.0% | 72.9% | 70.5% | 71.2% | 71.0% | 71.5% | 70.3% | 70.2% | 68.0% | 56.2% |
| Interest Expense | $3.85M | $4M | $3.55M | $2.33M | $1.3M | $766K | $1.41M | $1.9M | $1.77M | $1.78M | $1.37M | $489K |
| Interest Income | $26.53M | $29.22M | $28.2M | $20.53M | $14.7M | $12.3M | $11.96M | $12.84M | $13.12M | $10.9M | $8.16M | $2.63M |
| Other Income (Expense) | -$4M | -$6.24M | -$2.05M | -$10.1M | $397K | -$4.07M | $993K | -$2.65M | -$180K | -$4.94M | -$2.43M | -$74K |
| Income Before Tax (EBT) | $17.89M | $17.25M | $20.61M | $5.61M | $12.63M | $7.78M | $12.61M | $10.03M | $12.03M | $7.01M | $8.29M | $4.77M |
| Income Tax Expense | $0 | $500K | $360K | $247K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $241K |
| Net Income | $17.89M | $16.74M | $20.25M | $5.37M | $12.63M | $7.78M | $12.61M | $10.03M | $12.03M | $7.01M | $8.29M | $4.53M |
| Net Income Margin | 103.0% | 56.8% | 70.6% | 24.9% | 72.8% | 46.7% | 77.1% | 56.6% | 69.2% | 41.2% | 52.6% | 52.5% |
| Supplementary Data | ||||||||||||
| EPS | 2.29 | 2.35 | 2.84 | 0.75 | 1.88 | 1.18 | 1.92 | 1.53 | 1.84 | 1.06 | 1.27 | 0.79 |
| Diluted EPS | 2.29 | 2.35 | 2.84 | 0.75 | 1.88 | 1.18 | 1.92 | 1.53 | 1.84 | 1.06 | 1.27 | 0.79 |
| Weighted Average OS | 7.81M | 7.13M | 7.13M | 7.15M | 6.72M | 6.59M | 6.57M | 6.56M | 6.54M | 6.62M | 6.52M | 5.74M |
| EBITDA | $21.74M | $23.39M | $22.58M | $15.65M | $12.21M | $11.76M | $11.52M | $12.59M | $12.12M | $11.98M | $10.72M | $4.85M |
| EBITDA Margin | 125.2% | 79.4% | 78.7% | 72.7% | 70.3% | 70.6% | 70.5% | 71.0% | 69.8% | 70.3% | 68.0% | 56.2% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Assets | |||||||||||||
| Current Assets | |||||||||||||
| Cash and Cash Equivalents | $3.22M | $8.88M | $443K | $3.84M | $5.77M | $2.28M | $35K | $2.83M | $30K | $3.77M | $4.01M | $10.71M | $82.58M |
| Short-Term Investments | $0 | $0 | $364K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $3.22M | $2.66M | $807K | $3.84M | $84K | $2.28M | $35K | $2.83M | $30K | $3.77M | $4.01M | $10.71M | $82.58M |
| Accounts Receivable | $4.28M | $3.54M | $5.56M | $3.25M | $2.49M | $6.97M | $1.78M | $3.48M | $2.44M | $3.89M | $2.95M | $1.35M | $1.11M |
| Inventory | $0 | $0 | $0 | $7.09M | $8.26M | $17.93M | $4.77M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | -$3.89M | -$364K | -$10.55M | -$8.27M | -$17.32M | -$4.77M | $196.21M | $170.43M | $0 | $0 | $0 | $0 |
| Total Current Assets | $7.49M | $2.66M | $6M | $3.62M | $2.57M | $9.86M | $1.82M | $203.36M | $173.95M | $8.46M | $7.78M | $12.78M | $83.69M |
| Long-Term Assets | |||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $195.39M | $201.66M | $196.54M | $203.61M | $215.43M | $178.5M | $162.26M | $189.07M | $166.91M | $197.48M | $184.75M | $170.25M | $26.59M |
| Deferred Tax Assets | $0 | $0 | $203.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $868K | $0 | -$203.33M | $26K | $11K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $196.26M | $201.66M | $196.91M | $203.64M | $215.44M | $178.5M | $162.26M | $189.07M | $166.91M | $197.48M | $184.75M | $170.25M | $26.59M |
| Other Assets | $0 | $3.89M | $786K | $1.25M | $727K | $188.36M | $164.7M | -$196.21M | -$170.43M | $0 | $0 | $0 | $0 |
| Total Assets | $203.75M | $208.21M | $203.7M | $208.5M | $218.74M | $188.36M | $164.7M | $196.21M | $170.43M | $205.94M | $192.53M | $183.03M | $110.28M |
| Liabilities | |||||||||||||
| Current Liabilities | |||||||||||||
| Accounts Payable | $3.51M | $4.7M | $4.7M | $3.53M | $3.4M | $3.04M | $2.53M | $3.48M | $2.54M | $4.74M | $25.5M | $17.23M | $1.31M |
| Short-Term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $500K | $360K | $247K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | -$4.81M | -$1.42M | -$1.26M | -$1.16M | $0 | -$3.94M | $0 | $0 | -$13K | -$5.54M | -$26.36M | -$17.87M | -$1.67M |
| Total Current Liabilities | $0 | $4.7M | $4.7M | $3.53M | $4.36M | $0 | $3.28M | $4.37M | $3.29M | $0 | $0 | $0 | $0 |
| Long-Term Liabilities | |||||||||||||
| Long-Term Debt | $25.2M | $46.8M | $45M | $55.6M | $60M | $43M | $17.7M | $51M | $25.75M | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $7.01M | $1.61M | $1.57M | $1.71M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $32.21M | $48.41M | $46.57M | $57.31M | $60M | $43M | $17.7M | $51M | $25.75M | $0 | $26.35M | $22.5M | $0 |
| Other Liabilities | $0 | $53.11M | $51.26M | $60.84M | $870K | $47.57M | $21.5M | $55.83M | $29.38M | $67.38M | $0 | $0 | $1.94M |
| Total Liabilities | $32.21M | $53.11M | $51.26M | $60.84M | $65.24M | $47.57M | $21.5M | $55.83M | $29.38M | $67.38M | $51.76M | $40.89M | $1.94M |
| Stockholders' Equity | |||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $8K | $7K | $7K | $7K | $7K | $7K | $7K | $7K | $7K | $7K | $7K | $7K | $5K |
| Retained Earnings | $575K | -$847K | -$3.86M | -$8.83M | -$2.65M | -$4.21M | -$1.68M | -$3.31M | -$1.08M | -$1.63M | -$2.28M | -$3.25M | -$1.31M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $170.96M | $155.94M | $156.28M | $156.48M | $156.15M | $144.99M | $144.88M | $143.68M | $142.12M | $140.17M | $143.04M | $145.38M | $109.65M |
| Total Equity | $171.54M | $155.1M | $152.44M | $147.66M | $153.5M | $140.79M | $143.2M | $140.38M | $141.05M | $138.56M | $140.77M | $142.13M | $108.34M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $47.16M | $22.49M | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $203.75M | $208.21M | $203.7M | $208.5M | $218.74M | $188.36M | $164.7M | $196.21M | $170.43M | $205.94M | $192.53M | $183.03M | $110.28M |
| Supplementary Data | |||||||||||||
| Total Debt | $25.2M | $46.8M | $45M | $55.6M | $60M | $43M | $17.7M | $51M | $25.75M | $0 | $0 | $0 | $0 |
| Net Debt | $21.98M | $37.92M | $44.56M | $51.76M | $54.23M | -$2.28M | -$35K | -$2.83M | -$30K | -$3.77M | -$4.01M | -$10.71M | -$82.58M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 |
| Operating Activities | |||||||||||||
| Net Income | $17.89M | $16.74M | $20.25M | $5.37M | $12.63M | $7.78M | $12.61M | $10.03M | $12.03M | $7.01M | $8.29M | $4.53M | $0 |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||
| Accounts Receivable | -$738K | $2.02M | -$2.31M | -$754K | $4.48M | -$5.19M | $1.7M | -$1.05M | $1.46M | -$942K | -$1.6M | -$242K | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$26K | -$461K | $460K | -$44K | $129K | $106K | -$145K | $120K | -$2.29M | $0 | $0 | $0 | $0 |
| Other Working Capital | -$449K | $260K | $957K | -$352K | -$682K | $265K | $238K | $389K | -$284K | -$21M | $9.23M | $13.81M | -$27.44M |
| Total Working Capital Change | -$1.21M | $1.82M | -$895K | -$1.15M | $3.92M | -$4.81M | $1.79M | -$540K | -$1.12M | -$21.94M | $7.63M | $13.56M | -$27.44M |
| Other Non-Cash Items | -$5.81M | $5.6M | -$4.25M | $11.62M | -$36.41M | -$16.16M | $26.81M | $615K | -$1.67M | -$12.73M | -$14.51M | -$143.66M | -$490K |
| Net Cash from Operating | $10.87M | $24.16M | $15.1M | $15.84M | -$19.85M | -$13.2M | $41.2M | $10.11M | $9.24M | -$27.65M | $1.42M | -$125.56M | -$27.93M |
| Investing Activities | |||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$47.74M | -$36.11M | -$31.57M | -$59.49M | -$78.4M | -$99.29M | -$21.59M | -$79.77M | -$29.52M | $0 | $0 | $0 | $0 |
| Sales of Investments | $55.38M | $32.81M | $39.08M | $56.69M | $37.36M | $88.92M | $53.28M | $54.78M | $62.33M | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $7.63M | -$3.3M | $7.51M | -$2.8M | -$41.04M | -$10.37M | $31.69M | -$24.99M | $32.81M | $0 | $0 | $0 | $0 |
| Financing Activities | |||||||||||||
| Debt Repaid | $21.6M | -$1.8M | $10.6M | $4.4M | -$17M | -$25.3M | $33.3M | -$25.25M | $35.75M | -$36.5M | -$2.5M | -$22.5M | - |
| Common Stock Issuance | $15.01M | $0 | $0 | $458K | $10.91M | $0 | $0 | $0 | $0 | $0 | $0 | $41.45M | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$17 | $117.3M |
| Dividends Paid | -$17.57M | -$13.36M | -$15.04M | -$11.58M | -$10.26M | -$9.86M | -$10.7M | -$9.78M | -$9.46M | -$9.09M | -$10.62M | -$8.29M | $0 |
| Other Financing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.96M | $110.41M |
| Net Cash from Financing | -$24.16M | -$11.56M | -$25.64M | -$15.53M | $17.65M | $15.44M | -$44M | $15.47M | -$45.21M | $27.41M | -$8.12M | $53.7M | $110.41M |
| Forex Effect | $0 | -$1.23M | $0 | $2.8M | $41.04M | $10.37M | -$31.69M | $0 | $6.42M | $0 | $0 | $0 | $0 |
| Net Change in Cash | -$5.66M | $8.07M | -$3.03M | $312K | -$2.2M | $2.24M | -$2.8M | $580K | -$3.74M | -$244K | -$6.7M | -$71.86M | $82.48M |
| Supplementary Data | |||||||||||||
| Operating Cash Flow | $10.87M | $13.78M | $15.1M | $15.84M | -$19.85M | -$13.2M | $41.2M | -$12.67M | $41.48M | -$27.65M | $1.42M | -$125.56M | -$27.93M |
| Capital Expenditure | $5 | $0 | $0 | $0 | $0 | $0 | -$4 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $10.87M | $13.78M | $15.1M | $15.84M | -$19.85M | -$13.2M | $41.2M | -$12.67M | $41.48M | -$27.65M | $1.42M | -$125.56M | -$27.93M |
| Cash at Beginning | $8.88M | $807K | $3.84M | $84K | $2.28M | $35K | $2.83M | $30K | $3.77M | $4.01M | $10.71M | $82.58M | $0 |
| Cash at End | $3.22M | $8.88M | $807K | $395K | $84K | $2.28M | $35K | $2.83M | $30K | $3.77M | $4.01M | $10.71M | $82.48M |