Login

Randolph Bancorp, Inc.

randolphbancorp.com

No Longer Reporting

The company has not filed an annual or quarterly report since its Q2 FY2022 10-Q, filed Aug 4, 2022. Its latest SEC filing is a SC 13G/A from Feb 14, 2023.

The sections below describe the company as of the FY2021 annual report.

What Did They Do?

Provides deposit accounts and residential and commercial loans to individuals and businesses.

How Did They Make Money?

Earns interest on loans and investments, gains by originating and selling residential mortgages, and fees for servicing mortgages sold to third parties.

FY2021 revenue

Who Were Their Customers?

Customers use Envision Bank's branches, lending offices, and digital channels to hold accounts and borrow; the bank also originates mortgages for sale and services loans for investors.

Did Revenues Turn Into Profits?

Yes. It kept 40 cents of every revenue dollar as net income in FY2021 and turned 504 cents into free cash flow.

Net income, FY2021
40% of revenue
▼ −52% vs FY2020 ($19.9M, 85%)
Free cash flow, FY2021
504% of revenue
▲ Now profitable vs FY2020 (−$43.9M, −186%)

How Were They Changing?

Since the FY2021 annual report
Latest quarter: Q2 FY2022, the three months to Jun 30, 2022
Revenue
▲ +12%
vs $5.7M in Q2 FY2021
Net income
▼ −84%
vs $1.6M in Q2 FY2021
  • Oct 7, 2022 Randolph completed its merger with Hometown Financial Group Envision Bank merged into Abington Bank, and Randolph shareholders received $27.00 cash per share.

Grew. Revenue grew 42% in 4 years, from $16.9M in FY2017 to $24.1M in FY2021, about 9% a year.

Larger commercial real estate relationships The bank shifted its commercial real estate focus from small- and mid-size owner occupants and investors to larger borrower relationships.

Who Did They Compete With?

Competes with Quicken Loans

Create Account

Sign up for free to unlock this feature.

Already have an account? Sign in

Premium Feature

This feature requires a premium subscription to unlock unlimited historical data and advanced analysis tools.

Premium includes:

  • Unlimited historical financial data
  • Advanced analytics and insights
  • Priority support