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1. Company Snapshot

1.a. Company Description

NSTS Bancorp, Inc.operates as a savings and loan holding company for North Shore Trust and Savings that provides banking products and services in Illinois.The company offers checking, money market, savings, and time deposit accounts; and one- to four-family residential mortgage, multi-family and commercial real estate, construction, home equity, and consumer loans.


It operates through a main banking office in Waukegan, Illinois; and two full-service branch offices located in Waukegan and Lindenhurst, Illinois, as well as a loan production office in Chicago, Illinois.The company was founded in 1921 and is headquartered in Waukegan, Illinois.

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1.b. Last Insights on NSTS

NSTS Bancorp, Inc.'s recent performance was bolstered by the appointment of John S. Pucin to its Board of Directors, effective June 18, 2025. This strategic addition brings valuable expertise and enhances the company's governance structure. Additionally, the company's recent financials demonstrate a stable and growing business, with a strong foundation in its core banking operations. The appointment of a seasoned director is expected to contribute to the company's continued success and growth trajectory.

1.c. Company Highlights

2. Transcript Summary

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3. NewsRoom

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John Pucin Appointed to Board of Directors of NSTS Bancorp, Inc. and North Shore Trust and Savings

Jun -18

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Emily Ansani Appointed to Board of Directors of NSTS Bancorp, Inc. and North Shore Trust and Savings

Apr -22

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NSTS Bancorp Announces Balance Sheet Repositioning

Dec -22

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NSTS Bancorp Announces Authorization of Stock Repurchase Program

Dec -21

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North Shore Trust and Savings Announces Expansion of Mortgage Lending Department

Oct -23

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NSTS Bancorp Announces Extension of Stock Repurchase Program

Oct -06

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Further weakness as Mister Spex (ETR:MRX) drops 11% this week, taking one-year losses to 25%

Aug -16

4. Business Breakdown

4.a. Revenues by Country

4.b. Revenues by Segment

5. Expected revenues mid-term growth (4.50%)

6. Segments

Banking and Related Activities

Expected Growth: 4.5%

NSTS Bancorp's Banking and Related Activities segment is poised for growth driven by increasing demand for commercial and consumer banking services, expansion of wealth management offerings, and a rebound in mortgage banking activities.

7. Detailed Products

Commercial Banking

NSTS Bancorp, Inc. offers a range of commercial banking services, including cash management, treasury management, and lending solutions to businesses of all sizes.

Consumer Banking

NSTS Bancorp, Inc. provides consumer banking services, including checking and savings accounts, credit cards, and personal loans, to individuals and families.

Wealth Management

NSTS Bancorp, Inc. offers wealth management services, including investment management, trust services, and financial planning, to individuals, families, and institutions.

Mortgage Banking

NSTS Bancorp, Inc. provides mortgage banking services, including residential and commercial mortgage lending, to individuals and businesses.

Treasury Services

NSTS Bancorp, Inc. offers treasury services, including cash management, foreign exchange, and trade finance, to corporations and institutions.

8. NSTS Bancorp, Inc.'s Porter Forces

Forces Ranking

Threat Of Substitutes

NSTS Bancorp, Inc. operates in a highly regulated industry, which limits the threat of substitutes. However, the rise of fintech companies and digital banking platforms poses a moderate threat to the company's traditional banking services.

Bargaining Power Of Customers

NSTS Bancorp, Inc. has a diverse customer base, which reduces the bargaining power of individual customers. Additionally, the company's strong brand reputation and customer loyalty programs further reduce the bargaining power of customers.

Bargaining Power Of Suppliers

NSTS Bancorp, Inc. has a strong negotiating position with its suppliers, given its large scale of operations and diversified supplier base. This reduces the bargaining power of suppliers.

Threat Of New Entrants

The banking industry is highly regulated, and the barriers to entry are high. Additionally, NSTS Bancorp, Inc.'s strong brand reputation and established customer base make it difficult for new entrants to gain traction.

Intensity Of Rivalry

The banking industry is highly competitive, with many established players competing for market share. NSTS Bancorp, Inc. faces intense competition from traditional banks, fintech companies, and digital banking platforms.

9. SWOT Analysis

10. Capital Structure

10.a. Balance Sheet

10.b. Weighted Average Cost of capital

Value
Debt Weight 6.06%
Debt Cost 4.32%
Equity Weight 93.94%
Equity Cost 4.32%
WACC 4.32%
Leverage 6.45%

11. Quality Control: NSTS Bancorp, Inc. passed 3 out of 9 key points

12.a Historical Valuation

12.b Price/Earnings Ratio

12.c Margin Valuation

12.d Peers Valuation

Peers Group Analysis

Stock-Card
First Bank

A-Score: 5.9/10

Value: 4.8

Growth: 4.9

Quality: 6.8

Yield: 4.0

Momentum: 8.0

Volatility: 7.0

1-Year Total Return ->

Stock-Card
NSTS Bancorp

A-Score: 5.8/10

Value: 7.7

Growth: 5.7

Quality: 4.1

Yield: 0.0

Momentum: 7.5

Volatility: 9.7

1-Year Total Return ->

Stock-Card
TC Bancshares

A-Score: 5.7/10

Value: 5.5

Growth: 6.3

Quality: 5.6

Yield: 0.0

Momentum: 9.0

Volatility: 8.0

1-Year Total Return ->

Stock-Card
Equity Bancshares

A-Score: 5.5/10

Value: 6.1

Growth: 6.6

Quality: 5.8

Yield: 3.0

Momentum: 4.0

Volatility: 7.3

1-Year Total Return ->

Stock-Card
MidWestOne Financial Group

A-Score: 5.1/10

Value: 6.0

Growth: 2.1

Quality: 7.0

Yield: 7.0

Momentum: 5.0

Volatility: 3.7

1-Year Total Return ->

Stock-Card
Live Oak Bancshares

A-Score: 4.6/10

Value: 6.0

Growth: 8.3

Quality: 6.2

Yield: 0.0

Momentum: 2.0

Volatility: 5.0

1-Year Total Return ->

Peers Metrics

12.e Scoring Insights

12.f DCF BETA

Parameters

Short Term Growth

Short term Time

Long-Term Growth

WACC

Target Price

11.65$

Current Price

11.65$

Potential

-0.00%

Expected Cash-Flows