Endeavor Bancorp (EDVR)
Endeavor Bancorp functions as the parent entity for Endeavor Bank, delivering a comprehensive array of financial products and services. Its client base primarily consists of small and mid-sized businesses, their owners, professionals, and individuals involved in real estate investment and ownership. The bank offers core deposit solutions, including checking, money market, and savings accounts, along with certificates of deposit, all supported by tailored consultative banking assistance. For financing requirements, Endeavor Bank provides a variety of loan options. These include term loans for equipment and fixed assets, capital for recapitalization and business acquisitions, conventional and SBA 504 real estate financing, loans for commercial/industrial real estate investors, and construction loans, as well as revolving lines of credit for working capital. Furthermore, the company facilitates modern digital services such as online banking, bill payment, and remote deposit capture. Its physical presence includes a full-service branch in San Diego, California, an administrative and loan production facility located in Carlsbad, California, and another loan production office in East County. Endeavor Bank was established in 2018 and maintains its corporate headquarters in San Diego, California.
Industry: Banks - Regional
Endeavor Bancorp
OTC:EDVRFinancial Services · Banks - Regional
+0.76%$19.85
Mkt Cap$86.44M
Float3.51M
O/S4.35M
Inst Own-
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$48.35M
Net Income$5.62M
Total Assets$771.17M
Free Cash Flow$10.59M
Debt & Equity
Debt 35%
Equity 65%
Total Debt$28.13M
Total Equity$53.12M
Shares Outstanding
Short Interest
Split History3 splits
- 1.0:1Forward splitApr 30, 20261 share → 1.0
- 1.0:1Forward splitMay 9, 20251 share → 1.0
- 1.0:1Forward splitMay 9, 20241 share → 1.0
Balance Sheet Details
Assets$771.17M
Liabilities$718.06M
Accounts Receivable$2.36M
Accounts Payable$0
Inventory$0
PP&E (Net)$1.44M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Revenue | $48.35M | $39.58M | $31.27M | $19.47M | $17.75M | $8.61M | $4.74M | $1.64M |
| YoY Growth | 22.2% | 26.5% | 60.6% | 9.7% | 106.2% | 81.7% | 189.6% | - |
| Cost of Revenue | $19.07M | $22.18M | $11.84M | $4.02M | $1.64M | $0 | $2M | $0 |
| Gross Profit | $29.28M | $17.4M | $19.43M | $15.45M | $16.12M | $8.61M | $2.74M | $1.64M |
| Gross Margin | 60.6% | 44.0% | 62.1% | 79.3% | 90.8% | 100.0% | 57.8% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $14.83M | $12.84M | $9.68M | $7.66M | $6.06M | $5.22M | $4.34M | $4.78M |
| Other | $6.1M | $5.03M | $4.2M | $3.4M | $2.98M | $0 | $1.74M | -$1.82M |
| Total Operating Expenses | $20.94M | $12.84M | $13.88M | $11.06M | $9.05M | $5.22M | $6.08M | $1.82M |
| Operating Income (EBIT) | $8.34M | $9.03M | $5.55M | $4.39M | $7.07M | $1.58M | -$3.34M | -$5.29M |
| Operating Margin | 17.2% | 22.8% | 17.7% | 22.5% | 39.8% | 18.3% | -70.4% | -323.1% |
| Interest Expense | $12.81M | $15.83M | $10.8M | $2.32M | $647K | $315K | $935K | $0 |
| Interest Income | $35.96M | $38.01M | $30.53M | $18.94M | $17.36M | $0 | $4.71M | $0 |
| Other Income (Expense) | $0 | -$4.46M | $0 | $0 | $0 | $116K | $0 | -$773K |
| Income Before Tax (EBT) | $8.34M | $4.56M | $5.55M | $4.39M | $7.07M | $1.69M | -$3.34M | -$4.85M |
| Income Tax Expense | $2.48M | $1.39M | $1.68M | -$1.19M | $2.04M | $277K | $800 | $800 |
| Net Income | $5.62M | $3.11M | $3.85M | $5.57M | $5.01M | $1.42M | -$3.34M | -$4.85M |
| Net Income Margin | 11.6% | 7.8% | 12.3% | 28.6% | 28.2% | 16.4% | -70.5% | -296.3% |
| Supplementary Data | ||||||||
| EPS | 1.65 | 0.92 | 1.10 | 1.59 | 1.43 | 0.43 | -1.25 | -1.78 |
| Diluted EPS | 1.67 | 0.91 | 1.08 | 1.56 | 1.43 | 0.43 | -1.25 | -1.78 |
| Weighted Average OS | 3.49M | 3.39M | 3.44M | 3.38M | 3.36M | 3.30M | 2.67M | 2.72M |
| EBITDA | $8.89M | $4.56M | $6.05M | $4.77M | $7.47M | $2M | -$2.89M | -$5.27M |
| EBITDA Margin | 18.4% | 11.5% | 19.3% | 24.5% | 42.1% | 23.3% | -61.1% | -322.1% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Assets | ||||||||
| Current Assets | ||||||||
| Cash and Cash Equivalents | $5.87M | $77.74M | $124.27M | $91.89M | $91.74M | $103.36M | $23.5M | $42.85M |
| Short-Term Investments | $0 | $0 | $5.06M | $5.19M | $4.99M | $0 | $0 | $0 |
| Cash and Short-Term Investments | $5.87M | $102.46M | $129.34M | $97.09M | $96.73M | $103.36M | $23.5M | $42.85M |
| Accounts Receivable | $2.36M | $3.24M | $3.03M | $1.87M | $1.66M | $0 | $762K | $512K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $82.49M | $0 | $0 | $0 | $5.66M | $0 | $0 |
| Total Current Assets | $8.23M | $82.49M | $132.37M | $98.95M | $98.39M | $109.02M | $24.26M | $43.36M |
| Long-Term Assets | ||||||||
| Property, Plant & Equipment Net | $1.44M | $1.3M | $1.78M | $1.41M | $1.75M | $1.45M | $1.82M | $1.04M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $749.69M | $565.7M | $431.26M | $375.68M | $328.03M | $106.48M | $99.14M | $42.77M |
| Deferred Tax Assets | $4.69M | $3.57M | $2.92M | $2.91M | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $7.12M | $673.46M | $1.82M | $1.49M | $1.1M | $173.07M | $201K | $75K |
| Total Long-Term Assets | $762.94M | $678.33M | $437.79M | $381.48M | $330.88M | $281.01M | $101.16M | $43.88M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $771.17M | $678.33M | $570.15M | $480.43M | $429.27M | $390.03M | $125.42M | $87.24M |
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $473K | $522K | $0 | $0 | $0 | $355K | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | -$522K | $507.56M | $422.92M | $339.35M | -$1.55M | $100.75M | $65.78M |
| Total Current Liabilities | $473K | $601.22M | $507.56M | $424.48M | $341.34M | $0 | $101.32M | $66.02M |
| Long-Term Liabilities | ||||||||
| Long-Term Debt | $26.79M | $26.7M | $14.6M | $14.55M | $39.59M | $114.17M | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $669K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $689.26M | $605.62M | $3.87M | $1.77M | $53.5M | $248.03M | $5M | $0 |
| Total Long-Term Liabilities | $717.58M | $632.32M | $20.07M | $17.75M | $55.22M | $363.19M | $6.53M | $672K |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $718.06M | $632.32M | $527.62M | $442.23M | $396.57M | $363.19M | $107.85M | $66.69M |
| Stockholders' Equity | ||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $36.81M | $35.05M | $34.2M | $34.14M | $34.06M | $34.04M | $26.4M | $26.4M |
| Retained Earnings | $13M | $8.13M | $5.65M | $1.78M | -$3.8M | -$8.82M | -$10.24M | -$6.9M |
| Comprehensive Income & Other | -$40K | -$562K | -$397K | -$472K | -$118K | $0 | $0 | $0 |
| Other Stockholders' Equity | $3.3M | $2.82M | $2.67M | $2.29M | $2.44M | $1.62M | $1.41M | $1.05M |
| Total Equity | $53.12M | $46.01M | $42.53M | $38.2M | $32.71M | $26.84M | $17.57M | $20.55M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $771.17M | $678.33M | $570.15M | $480.43M | $429.27M | $390.03M | $125.42M | $87.24M |
| Supplementary Data | ||||||||
| Total Debt | $28.13M | $27.84M | $16.2M | $15.98M | $1.72M | $115.51M | $1.53M | $672K |
| Net Debt | $22.26M | -$51.04M | -$108.07M | -$75.91M | -$90.02M | $12.15M | -$21.96M | -$42.18M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | 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 |
| Operating Activities | ||||||||
| Net Income | $5.62M | $3.11M | $3.87M | $5.58M | $5.02M | $1.42M | -$3.34M | -$4.85M |
| Depreciation & Amortization | $549K | $0 | $498K | $378K | $402K | $425K | $445K | $143K |
| Deferred Income Tax | $0 | $0 | $46K | -$2.71M | $249K | $0 | $188K | $0 |
| Stock-Based Compensation | $0 | $0 | $424K | $274K | $957K | $213K | $355K | $1.15M |
| Changes in Working Capital: | ||||||||
| Accounts Receivable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $2.38M | $305K | -$872K | -$2.07M | -$249K | $1.51M | $0 | $0 |
| Total Working Capital Change | $2.38M | $305K | -$872K | -$2.07M | -$249K | $1.51M | -$188K | -$262K |
| Other Non-Cash Items | $2.08M | $2.38M | $1M | $1.7M | $741K | $1.23M | $877K | $2.01M |
| Net Cash from Operating | $10.63M | $5.79M | $4.97M | $3.15M | $7.12M | $4.79M | -$1.66M | -$3.25M |
| Investing Activities | ||||||||
| Capital Expenditures | -$6.04M | -$69K | -$291K | -$34K | -$41K | -$56K | -$100K | -$522K |
| Acquisitions | $0 | $0 | $0 | -$44.72M | -$49.68M | $0 | $0 | $0 |
| Purchases of Investments | -$9.79M | -$20.24M | $0 | -$2M | -$5.14M | $0 | $0 | $0 |
| Sales of Investments | $4.86M | $2.35M | $237K | $238K | $34K | $0 | $0 | $0 |
| Other Investing Activities | -$71.55M | -$135.04M | -$58.41M | -$389K | -$591K | -$185.48M | -$59.24M | -$47.74M |
| Net Cash from Investing | -$82.52M | -$153M | -$58.47M | -$46.9M | -$55.42M | -$185.53M | -$59.34M | -$44.28M |
| Financing Activities | ||||||||
| Debt Repaid | - | -$10.49M | $245K | $37.18M | $60.67M | -$109.17M | -$5M | - |
| Common Stock Issuance | $325K | $0 | $0 | $0 | $0 | $7.64M | $0 | $26.4M |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $81.5M | $93.66M | $84.64M | $83.57M | $92.87M | $145.73M | $34.97M | $63.73M |
| Net Cash from Financing | $81.82M | $104.15M | $84.39M | $46.39M | $32.2M | $262.54M | $39.97M | $90.13M |
| Forex Effect | -$9.93M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $0 | -$43.06M | $30.89M | $2.64M | -$16.09M | $81.79M | -$21.03M | $42.6M |
| Supplementary Data | ||||||||
| Operating Cash Flow | $10.63M | $5.79M | $4.97M | $3.15M | $7.12M | $4.79M | -$1.66M | -$3.25M |
| Capital Expenditure | -$38K | -$69K | -$291K | -$34K | -$41K | -$56K | -$100K | -$522K |
| Free Cash Flow | $10.59M | $5.72M | $4.68M | $3.11M | $7.08M | $4.73M | -$1.76M | -$3.77M |
| Cash at Beginning | $0 | $120.8M | $89.91M | $87.27M | $103.36M | $21.57M | $42.6M | $0 |
| Cash at End | $0 | $77.74M | $120.8M | $89.91M | $87.27M | $103.36M | $21.57M | $42.6M |