First Bank Net Assets
First Bank net assets. Based on the latest financial reports, First Bank (FRBA) has net assets worth $453.22 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.09 Billion) and total liabilities ($3.63 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. Also explore First Bank annual equity growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $453.22 Million |
| % of Total Assets | 11.09% |
| Annual Growth Rate | 23.17% |
| 5-Year Change | 66.31% |
| 10-Year Change | 399.41% |
| Growth Volatility | 22.76 |
Net Assets of First Bank (2011–2025)
Net assets of First Bank from 2011 to 2025. This chart illustrates how First Bank's net assets have evolved over time, based on quarterly financial data. See First Bank net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for First Bank (2011–2025)
The table below shows the annual net assets of First Bank from 2011 to 2025. For live market cap and overall valuation, see First Bank stock valuation.
| 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.
First Bank Net Assets Breakdown (December 2025)
First Bank net assets breakdown by equity component as of 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 |
|---|---|
|
Shanghai Dragon Corp
SHG:600630
|
$438.30 Million |
|
Ningxia Younglight Chemicals Co Ltd
SHE:000635
|
$438.32 Million |
|
Beijing StarNeto Technology Co Ltd
SHE:002829
|
$438.50 Million |
|
Latent View Analytics Limited
NSE:LATENTVIEW
|
$438.50 Million |
|
Solaer Israel Ltd
TA:SOLR
|
$438.14 Million |
|
Mahindra Logistics Limited
NSE:MAHLOG
|
$438.07 Million |
|
Hanjia Design Croup Co Ltd Class A
SHE:300746
|
$438.01 Million |
|
Heren Health Co Ltd
SHE:300550
|
$438.00 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.
- Dividend payments of 5,980,000 reduced retained earnings.
- Share repurchases of 8,486,000 reduced equity.
- Other comprehensive income increased equity by 2,050,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $43.66 Million | +9.84% |
| Dividends Paid | $5.98 Million | -1.35% |
| Share Repurchases | $8.49 Million | -1.91% |
| Other Comprehensive Income | $2.05 Million | +0.46% |
| Other Changes | $3.10 Million | +0.7% |
| 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: 1.14x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.64x to 1.14x 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 | $20.08 | x |
| 2013-12-31 | $10.15 | $20.08 | x |
| 2014-12-31 | $6.96 | $20.08 | x |
| 2015-12-31 | $7.24 | $20.08 | x |
| 2016-12-31 | $8.39 | $20.08 | x |
| 2017-12-31 | $11.20 | $20.08 | x |
| 2018-12-31 | $10.49 | $20.08 | x |
| 2019-12-31 | $11.67 | $20.08 | x |
| 2020-12-31 | $11.90 | $20.08 | x |
| 2021-12-31 | $13.46 | $20.08 | x |
| 2022-12-31 | $14.69 | $20.08 | x |
| 2023-12-31 | $16.80 | $20.08 | x |
| 2024-12-31 | $16.18 | $20.08 | x |
| 2025-12-31 | $17.67 | $20.08 | 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 | 11.32x | $-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: $308,911,800
- Average return on equity (ROE) among peers: 0.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Bank (FRBA) | $453.22 Million | 8.77% | 8.02x | $438.15 Million |
| Ameris Bancorp (ABCB) | $71.80 Million | 9.61% | 9.10x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $30.50 Million | 10.16% | 8.60x | $5.57 Billion |
| ACNB Corporation (ACNB) | $62.69 Million | 13.30% | 9.05x | $645.30 Million |
| Affinity Bancshares Inc (AFBI) | $76.38 Million | 0.59% | 3.01x | $140.18 Million |
| Alerus Financial Corp (ALRS) | $196.95 Million | 13.13% | 10.06x | $829.34 Million |
| Amalgamated Bank (AMAL) | $794.46 Million | 13.15% | 10.16x | $1.27 Billion |
| Amerant Bancorp Inc. (AMTB) | $901.22 Million | 12.53% | 7.48x | $979.96 Million |
| Arrow Financial Corporation (AROW) | $34.90 Million | -95.70% | 21.06x | $715.76 Million |
| Associated Banc-Corp (ASB) | $803.60 Million | 13.32% | 11.60x | $5.84 Billion |
| AmeriServ Financial Inc (ASRV) | $116.60 Million | 10.72% | 9.65x | $77.09 Million |
About 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