First Bank (FRBA) - Net Assets
Based on the latest financial reports, First Bank (FRBA) has net assets worth $449.38 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($3.97 Billion) and total liabilities ($3.52 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 how large is First Bank's balance sheet for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $449.38 Million |
| % of Total Assets | 11.32% |
| 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. Check FRBA intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
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 valuation and market cap data, see FRBA stock market capitalisation.
| 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 |
|---|---|
|
Xiamen Comfort Science&Technology Group Co Ltd
SHE:002614
|
$432.63 Million |
|
Shanghai Kinlita Chemical Co
SHE:300225
|
$432.73 Million |
|
BEH Property Co Ltd
SHG:600791
|
$432.75 Million |
|
Xilinmen Furniture Co Ltd
SHG:603008
|
$432.76 Million |
|
Guangzhou Lushan New Materials Co. Ltd.
SHG:603051
|
$432.59 Million |
|
Shenzhen Emperor Technology Co Ltd
SHE:300546
|
$432.59 Million |
|
Shandong Daye Co Ltd Class A
SHG:603278
|
$432.59 Million |
|
Shenzhen Huijie Group Co Ltd
SHE:002763
|
$432.49 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: 1.05x
- 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 2.44x to 1.05x 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 | $18.53 | x |
| 2013-12-31 | $10.15 | $18.53 | x |
| 2014-12-31 | $6.96 | $18.53 | x |
| 2015-12-31 | $7.24 | $18.53 | x |
| 2016-12-31 | $8.39 | $18.53 | x |
| 2017-12-31 | $11.20 | $18.53 | x |
| 2018-12-31 | $10.49 | $18.53 | x |
| 2019-12-31 | $11.67 | $18.53 | x |
| 2020-12-31 | $11.90 | $18.53 | x |
| 2021-12-31 | $13.46 | $18.53 | x |
| 2022-12-31 | $14.69 | $18.53 | x |
| 2023-12-31 | $16.80 | $18.53 | x |
| 2024-12-31 | $16.18 | $18.53 | x |
| 2025-12-31 | $17.67 | $18.53 | 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: $2,529,438,500
- Average return on equity (ROE) among peers: 7.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Bank (FRBA) | $449.38 Million | 8.77% | 7.84x | $432.61 Million |
| Ameris Bancorp (ABCB) | $279.02 Million | 5.17% | 9.82x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $19.89 Billion | 1.32% | 0.03x | $5.85 Billion |
| ACNB Corporation (ACNB) | $106.80 Million | 8.72% | 8.79x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $43.92 Million | 3.67% | 4.15x | $137.20 Million |
| Alerus Financial Corp (ALRS) | $141.28 Million | 11.51% | 8.36x | $775.72 Million |
| Amalgamated Bank (AMAL) | $707.65 Million | 15.04% | 10.67x | $1.27 Billion |
| Amerant Bancorp Inc. (AMTB) | $704.74 Million | 3.35% | 10.97x | $979.96 Million |
| Arrow Financial Corporation (AROW) | $213.97 Million | 11.53% | 10.43x | $658.52 Million |
| Associated Banc-Corp (ASB) | $3.09 Billion | 6.48% | 8.43x | $5.45 Billion |
| AmeriServ Financial Inc (ASRV) | $116.55 Million | 6.07% | 10.46x | $62.43 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