Comparing the current results to its competitors, Community First Inc reported Revenue decrease in the 3 quarter 2017 year on year by -4.04 %, despite the revenue increase by the most of its competitors of 4.02 %, recorded in the same quarter.
Community First IncNet Income in the 3 quarter 2017 grew year on year by 38.55%, faster than the Community First Inc's competitors average income growth of 7.88 %
Community First Inc's Comment on Competitors and Industry Peers
The banking business is highly competitive. Our primary market area consists of
Maury, Williamson, and Hickman Counties in Tennessee. We compete with numerous
commercial banks and savings institutions with offices in these market areas.
In addition to these competitors, we compete for loans with insurance companies,
regulated small loan companies, credit unions, and certain government agencies.
We also compete with numerous companies and financial institutions engaged in
similar lines of business, such as mortgage banking companies, brokerage companies
and lending companies. Some of our competitors have significantly greater financial
resources and offer a greater number of branch locations. To offset this advantage
of our larger competitors, the Company focuses on providing superior customer
service and tailors our products and services to the specific market segments
that we serve.