First Bank
First Bank provides various banking products and services to small and mid-sized businesses and individuals. It accepts various deposits, including non-interest- and interest-bearing demand deposits, money market accounts, savings accounts, and certificates of deposit, as well as commercial checking and cash management accounts. The company also offers various loan products, such as commercial an… Read more
First Bank (FRBA) - Net Assets
Latest net assets as of December 2025: $443.50 Million USD
Based on the latest financial reports, First Bank (FRBA) has net assets worth $443.50 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.96 Billion) and total liabilities ($3.51 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $443.50 Million |
| % of Total Assets | 11.21% |
| Annual Growth Rate | 23.17% |
| 5-Year Change | 66.31% |
| 10-Year Change | 399.41% |
| Growth Volatility | 22.76 |
First Bank - Net Assets Trend (2011–2025)
This chart illustrates how First Bank's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for First Bank (2011–2025)
The table below shows the annual net assets of First Bank from 2011 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $443.50 Million | +8.39% |
| 2024-12-31 | $409.16 Million | +10.31% |
| 2023-12-31 | $370.90 Million | +28.09% |
| 2022-12-31 | $289.56 Million | +8.59% |
| 2021-12-31 | $266.67 Million | +11.99% |
| 2020-12-31 | $238.11 Million | +5.17% |
| 2019-12-31 | $226.39 Million | +16.20% |
| 2018-12-31 | $194.84 Million | +19.35% |
| 2017-12-31 | $163.25 Million | +83.83% |
| 2016-12-31 | $88.81 Million | +29.15% |
| 2015-12-31 | $68.76 Million | +6.18% |
| 2014-12-31 | $64.76 Million | +23.33% |
| 2013-12-31 | $52.51 Million | +69.24% |
| 2012-12-31 | $31.02 Million | +29.37% |
| 2011-12-31 | $23.98 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Bank's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 21445800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $214.46 Million | 48.36% |
| Common Stock | $136.79 Million | 30.84% |
| Other Comprehensive Income | $-2.88 Million | -0.65% |
| Other Components | $95.13 Million | 21.45% |
| Total Equity | $443.50 Million | 100.00% |
First Bank Competitors by Market Cap
The table below lists competitors of First Bank ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PERSONALIS INC. DL-001
F:04X
|
$311.89 Million |
|
Wereldhave Belgium
LSE:0N2C
|
$311.94 Million |
|
Zenitron Corp
TW:3028
|
$312.17 Million |
|
GUOMAI Culture & Media Co. Ltd.
SHE:301052
|
$312.18 Million |
|
Beijing Century Real Tech
SHE:300150
|
$311.76 Million |
|
Beijing Yuanlong Yato Culture Dissemination Co Ltd
SHE:002878
|
$311.73 Million |
|
Sirio Pharma
SHE:300791
|
$311.52 Million |
|
Luxfer Holdings PLC
NYSE:LXFR
|
$311.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Bank's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 409,156,000 to 443,502,000, a change of 34,346,000 (8.4%).
- Net income of 43,659,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 2,050,000.
- Other factors decreased equity by 11,363,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $43.66 Million | +9.84% |
| Other Comprehensive Income | $2.05 Million | +0.46% |
| Other Changes | $-11.36 Million | -2.56% |
| Total Change | $- | 8.39% |
Book Value vs Market Value Analysis
This analysis compares First Bank's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.86x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.99x to 0.86x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $7.60 | $15.15 | x |
| 2013-12-31 | $10.15 | $15.15 | x |
| 2014-12-31 | $6.96 | $15.15 | x |
| 2015-12-31 | $7.24 | $15.15 | x |
| 2016-12-31 | $8.39 | $15.15 | x |
| 2017-12-31 | $11.20 | $15.15 | x |
| 2018-12-31 | $10.49 | $15.15 | x |
| 2019-12-31 | $11.67 | $15.15 | x |
| 2020-12-31 | $11.90 | $15.15 | x |
| 2021-12-31 | $13.46 | $15.15 | x |
| 2022-12-31 | $14.69 | $15.15 | x |
| 2023-12-31 | $16.80 | $15.15 | x |
| 2024-12-31 | $16.18 | $15.15 | x |
| 2025-12-31 | $17.67 | $15.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Bank utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.84%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.69%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 8.92x
- Recent ROE (9.84%) is above the historical average (8.09%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 8.77% | 17.52% | 0.05x | 11.05x | $-295.20K |
| 2012 | 8.34% | 25.98% | 0.03x | 11.31x | $-514.50K |
| 2013 | 3.25% | 14.03% | 0.03x | 8.89x | $-3.54 Million |
| 2014 | 9.01% | 27.44% | 0.03x | 10.46x | $-639.90K |
| 2015 | 5.65% | 11.99% | 0.04x | 12.45x | $-2.99 Million |
| 2016 | 7.21% | 16.03% | 0.04x | 12.09x | $-2.47 Million |
| 2017 | 4.28% | 13.12% | 0.04x | 8.90x | $-9.33 Million |
| 2018 | 9.03% | 23.09% | 0.04x | 8.78x | $-1.89 Million |
| 2019 | 5.94% | 15.25% | 0.04x | 8.89x | $-9.19 Million |
| 2020 | 8.17% | 20.35% | 0.04x | 9.85x | $-4.36 Million |
| 2021 | 13.29% | 35.83% | 0.04x | 9.46x | $8.76 Million |
| 2022 | 12.53% | 32.29% | 0.04x | 9.44x | $7.33 Million |
| 2023 | 5.63% | 12.06% | 0.05x | 9.73x | $-16.19 Million |
| 2024 | 10.32% | 18.41% | 0.06x | 9.24x | $1.33 Million |
| 2025 | 9.84% | 17.69% | 0.06x | 8.92x | $-691.20K |
Industry Comparison
This section compares First Bank's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Bank (FRBA) | $443.50 Million | 8.77% | 7.92x | $311.87 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |