First Seacoast Bancorp (FSEA) - Net Assets
Based on the latest financial reports, First Seacoast Bancorp (FSEA) has net assets worth $63.16 Million USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($609.63 Million) and total liabilities ($546.47 Million). 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. Check First Seacoast Bancorp liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $63.16 Million |
| % of Total Assets | 10.36% |
| Annual Growth Rate | 9.97% |
| 5-Year Change | 5.42% |
| 10-Year Change | N/A |
| Growth Volatility | 29.14 |
First Seacoast Bancorp - Net Assets Trend (2017–2024)
This chart illustrates how First Seacoast Bancorp's net assets have evolved over time, based on quarterly financial data. Also explore First Seacoast Bancorp (FSEA) total assets for the complete picture of this company's asset base.
Annual Net Assets for First Seacoast Bancorp (2017–2024)
The table below shows the annual net assets of First Seacoast Bancorp from 2017 to 2024. For live valuation and market cap data, see FSEA market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $62.05 Million | -6.86% |
| 2023-12-31 | $66.62 Million | +35.03% |
| 2022-12-31 | $49.34 Million | -18.41% |
| 2021-12-31 | $60.47 Million | +2.73% |
| 2020-12-31 | $58.86 Million | +3.15% |
| 2019-12-31 | $57.07 Million | +74.37% |
| 2018-12-31 | $32.73 Million | +2.60% |
| 2017-12-31 | $31.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Seacoast Bancorp'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 2508400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $25.08 Million | 40.43% |
| Common Stock | $53.00K | 0.09% |
| Other Comprehensive Income | $-7.04 Million | -11.35% |
| Other Components | $43.96 Million | 70.84% |
| Total Equity | $62.05 Million | 100.00% |
First Seacoast Bancorp Competitors by Market Cap
The table below lists competitors of First Seacoast Bancorp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ZEN Graphene Solutions Ltd
V:ZEN
|
$53.43 Million |
|
Land Securities Group PLC
LSE:LAND
|
$53.43 Million |
|
Awanbiru Technology Bhd
KLSE:5204
|
$53.44 Million |
|
BE Group AB
ST:BEGR
|
$53.44 Million |
|
Kriti Nutrients Limited
NSE:KRITINUT
|
$53.38 Million |
|
Elinoil Hellenic Petroleum Company S.A
AT:ELIN
|
$53.35 Million |
|
Rent.com.Au Ltd
AU:RNT
|
$53.34 Million |
|
Ithaca Energy PLC
LSE:ITH
|
$53.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Seacoast Bancorp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 66,618,000 to 62,050,000, a change of -4,568,000 (-6.9%).
- Net loss of 513,000 reduced equity.
- Share repurchases of 3,704,000 reduced equity.
- Other comprehensive income decreased equity by 1,100,000.
- Other factors increased equity by 749,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-513.00K | -0.83% |
| Share Repurchases | $3.70 Million | -5.97% |
| Other Comprehensive Income | $-1.10 Million | -1.77% |
| Other Changes | $749.00K | +1.21% |
| Total Change | $- | -6.86% |
Book Value vs Market Value Analysis
This analysis compares First Seacoast Bancorp'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: 0.79x
- 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 0.95x to 0.79x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $11.92 | $11.37 | x |
| 2018-12-31 | $12.23 | $11.37 | x |
| 2019-12-31 | $21.18 | $11.37 | x |
| 2020-12-31 | $10.04 | $11.37 | x |
| 2021-12-31 | $10.39 | $11.37 | x |
| 2022-12-31 | $10.24 | $11.37 | x |
| 2023-12-31 | $14.32 | $11.37 | x |
| 2024-12-31 | $14.31 | $11.37 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Seacoast Bancorp 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): -0.83%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.92%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 9.36x
- Recent ROE (-0.83%) is below the historical average (-0.72%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 2.86% | 6.39% | 0.04x | 11.28x | $-2.28 Million |
| 2018 | 3.30% | 6.90% | 0.04x | 11.83x | $-2.19 Million |
| 2019 | -0.14% | -0.47% | 0.04x | 7.18x | $-5.79 Million |
| 2020 | 1.83% | 6.10% | 0.04x | 7.53x | $-4.81 Million |
| 2021 | 4.33% | 14.94% | 0.04x | 8.06x | $-3.43 Million |
| 2022 | -1.15% | -3.26% | 0.03x | 10.89x | $-5.50 Million |
| 2023 | -16.00% | -57.93% | 0.03x | 8.57x | $-17.32 Million |
| 2024 | -0.83% | -1.92% | 0.05x | 9.36x | $-6.72 Million |
Industry Comparison
This section compares First Seacoast Bancorp's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $552,557,300
- Average return on equity (ROE) among peers: 11.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Seacoast Bancorp (FSEA) | $63.16 Million | 2.86% | 8.65x | $53.40 Million |
| Ameris Bancorp (ABCB) | $1.46 Billion | 8.31% | 6.86x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $5.70 Billion |
| ACNB Corporation (ACNB) | $74.01 Million | 9.97% | 11.77x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $129.12 Million | 4.21% | 5.71x | $135.98 Million |
| Alerus Financial Corp (ALRS) | $153.31 Million | 13.22% | 8.01x | $647.19 Million |
| Amalgamated Bank (AMAL) | $535.82 Million | 8.62% | 10.16x | $1.14 Billion |
| Amerant Bancorp Inc. (AMTB) | $901.22 Million | 12.53% | 7.48x | $962.39 Million |
| Arrow Financial Corporation (AROW) | $72.29 Million | 17.85% | 12.85x | $601.02 Million |
| Associated Banc-Corp (ASB) | $2.02 Billion | 12.80% | 9.17x | $5.20 Billion |
| AmeriServ Financial Inc (ASRV) | $65.10 Million | 11.83% | 10.90x | $62.60 Million |
About First Seacoast Bancorp
First Seacoast Bancorp, Inc. operates as the holding company for First Seacoast Bank that provides banking and wealth management services for individuals and businesses. The company offers interest-bearing and non-interest-bearing checking, savings, and money market accounts, as well as time deposits. It also provides various lending products comprising one- to four-family residential real estate… Read more