Comparing the current results to its competitors, Cortland Bancorp Inc reported Revenue increase in the 2 quarter 2021 by 11.59 % year on year. The revenue growth was below Cortland Bancorp Inc's competitors' average revenue growth of 35.75 %, achieved in the same quarter.
Cortland Bancorp Inc's Comment on Competition and Industry Peers
The Bank actively competes with state and national banks located in Northeastern
Ohio and Western Pennsylvania. It also competes for deposits, loans and other
service business with a large number of other financial institutions, such as
savings and loan associations, credit unions, insurance companies, consumer finance
companies and commercial finance companies. Also, money market mutual funds, brokerage
houses and similar institutions provide in a relatively unregulated environment
many of the financial services offered by banks. In the opinion of management,
the principal methods of competition are the rates of interest charged on loans,
the rates of interest paid on deposit funds, the fees charged for services, and
the convenience, availability, timeliness and quality of the customer services
offered.
Overall company revenue, increased less, than total company revenues, at 11.59 % and lost market share, to approximately 0 %. << More on CLDB Market Share.
*Market share is calculated based on total revenue.
Pnc Financial Services Group Inc Share Performance
+15.97%
This Year
Pnc Financial Services Group Inc
Profile
PNC Financial Services Group Inc operates as a diversified financial services company, offering an array of banking, investment, and asset management services to both individuals and businesses. The companys business model emphasizes a combination of physical branch locations and advanced digital banking platforms to provide tailored financial solutions that address the specific needs of their customers. By integrating technology with traditional banking services, PNC seeks to enhance customer experience and drive growth across its various financial service offerings.
Oak Valley Bancorp operates as a holding company for Oak Valley Community Bank, providing a range of financial services to individuals and businesses. It generates revenue primarily through interest income from loans and investments, as well as from fees and service charges.
Ohio Valley Banc Corp operates as the bank holding company for Ohio Valley Bank, providing a range of financial services to individuals, businesses, and government entities. Their business model focuses on offering personalized banking solutions, cultivating strong customer relationships, and utilizing their local market expertise to drive growth and profitability.
Old Second Bancorp Inc operates as a bank holding company that provides various banking products and services for individuals and businesses. They offer services such as commercial banking, retail banking, wealth management, and treasury management. Their business model revolves around delivering financial solutions to their customers while striving to generate sustainable growth and profitability within their market.
Orrstown Financial Services Inc operates as a holding company for Orrstown Bank, providing various financial services including commercial banking, consumer banking, and mortgage banking. The company primarily generates revenue through interest income obtained from loans and investments, as well as fees from its banking services.
Sources:
Cortland Bancorp Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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