Territorial Bancorp Inc
Territorial Bancorp Inc. operates as the holding company for Territorial Savings Bank that engages in the provision of various financial services to individuals, families, and businesses in the State of Hawaii. The company offers a range of deposit accounts, including passbook and statement savings, money market, commercial and regular checking, and Super NOW accounts, as well as certificates of … Read more
Territorial Bancorp Inc (TBNK) - Net Assets
Latest net assets as of December 2024: $248.35 Million USD
Based on the latest financial reports, Territorial Bancorp Inc (TBNK) has net assets worth $248.35 Million USD as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($2.17 Billion) and total liabilities ($1.92 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 | $248.35 Million |
| % of Total Assets | 11.45% |
| Annual Growth Rate | -8.18% |
| 5-Year Change | -0.14% |
| 10-Year Change | 13.07% |
| Growth Volatility | 21.49 |
Territorial Bancorp Inc - Net Assets Trend (2007–2024)
This chart illustrates how Territorial Bancorp Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Territorial Bancorp Inc (2007–2024)
The table below shows the annual net assets of Territorial Bancorp Inc from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $248.35 Million | -1.09% |
| 2023-12-31 | $251.09 Million | -2.13% |
| 2022-12-31 | $256.55 Million | +0.09% |
| 2021-12-31 | $256.32 Million | +3.06% |
| 2020-12-31 | $248.71 Million | +1.98% |
| 2019-12-31 | $243.89 Million | +3.50% |
| 2018-12-31 | $235.65 Million | +0.34% |
| 2017-12-31 | $234.85 Million | +2.21% |
| 2016-12-31 | $229.79 Million | +4.62% |
| 2015-12-31 | $219.64 Million | +1.51% |
| 2014-12-31 | $216.38 Million | +2.00% |
| 2013-12-31 | $212.14 Million | -3.12% |
| 2012-12-31 | $218.97 Million | -85.57% |
| 2011-12-31 | $1.52 Billion | +5.87% |
| 2010-12-31 | $1.43 Billion | +3.35% |
| 2009-12-31 | $1.39 Billion | +19.76% |
| 2008-12-31 | $1.16 Billion | +9.38% |
| 2007-12-31 | $1.06 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Territorial Bancorp Inc'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 120.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $206.69 Million | 83.23% |
| Common Stock | $88.00K | 0.04% |
| Other Comprehensive Income | $-4.84 Million | -1.95% |
| Other Components | $46.41 Million | 18.69% |
| Total Equity | $248.35 Million | 100.00% |
Territorial Bancorp Inc Competitors by Market Cap
The table below lists competitors of Territorial Bancorp Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tunghsu Azure Renewable Energy Co Ltd
SHE:000040
|
$58.47 Million |
|
Zen Voce
TWO:3581
|
$58.49 Million |
|
Patriot One Technologies Inc
F:0PL
|
$58.49 Million |
|
Hoang Quan Consulting Trading Service Real Estate Corp
VN:HQC
|
$58.51 Million |
|
Panca Anugrah Wisesa Tbk PT
JK:MGLV
|
$58.44 Million |
|
OSE Pharma SA
PA:OSE
|
$58.44 Million |
|
Agrify Corp
NASDAQ:AGFY
|
$58.43 Million |
|
EMEK Elektrik Endustrisi AS
IS:EMKEL
|
$58.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Territorial Bancorp Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 251,086,000 to 248,351,000, a change of -2,735,000 (-1.1%).
- Net loss of 4,299,000 reduced equity.
- Dividend payments of 703,000 reduced retained earnings.
- Other comprehensive income increased equity by 1,381,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-4.30 Million | -1.73% |
| Dividends Paid | $703.00K | -0.28% |
| Other Comprehensive Income | $1.38 Million | +0.56% |
| Other Changes | $886.00K | +0.36% |
| Total Change | $- | -1.09% |
Book Value vs Market Value Analysis
This analysis compares Territorial Bancorp Inc'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: 0.29x
- 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 1.10x to 0.29x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | $7.56 | $8.33 | x |
| 2008-12-31 | $8.12 | $8.33 | x |
| 2009-12-31 | $19.47 | $8.33 | x |
| 2010-12-31 | $20.00 | $8.33 | x |
| 2011-12-31 | $19.56 | $8.33 | x |
| 2012-12-31 | $21.44 | $8.33 | x |
| 2013-12-31 | $21.55 | $8.33 | x |
| 2014-12-31 | $23.22 | $8.33 | x |
| 2015-12-31 | $23.71 | $8.33 | x |
| 2016-12-31 | $24.68 | $8.33 | x |
| 2017-12-31 | $24.64 | $8.33 | x |
| 2018-12-31 | $25.07 | $8.33 | x |
| 2019-12-31 | $26.15 | $8.33 | x |
| 2020-12-31 | $27.04 | $8.33 | x |
| 2021-12-31 | $28.14 | $8.33 | x |
| 2022-12-31 | $28.76 | $8.33 | x |
| 2023-12-31 | $28.91 | $8.33 | x |
| 2024-12-31 | $28.84 | $8.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Territorial Bancorp Inc 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): -1.73%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -11.81%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 8.74x
- Recent ROE (-1.73%) is below the historical average (5.93%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 6.24% | 17.77% | 0.03x | 12.57x | $-3.48 Million |
| 2008 | 7.24% | 17.72% | 0.03x | 12.32x | $-2.74 Million |
| 2009 | 3.94% | 18.23% | 0.03x | 6.33x | $-13.30 Million |
| 2010 | 4.85% | 21.70% | 0.04x | 6.35x | $-11.71 Million |
| 2011 | 5.98% | 22.61% | 0.04x | 7.19x | $-8.61 Million |
| 2012 | 6.78% | 25.59% | 0.04x | 7.19x | $-7.06 Million |
| 2013 | 6.90% | 24.99% | 0.04x | 7.62x | $-6.57 Million |
| 2014 | 6.51% | 24.03% | 0.03x | 7.82x | $-7.54 Million |
| 2015 | 6.71% | 23.99% | 0.03x | 8.29x | $-7.22 Million |
| 2016 | 7.11% | 26.23% | 0.03x | 8.17x | $-6.63 Million |
| 2017 | 6.37% | 23.90% | 0.03x | 8.53x | $-8.52 Million |
| 2018 | 8.15% | 30.53% | 0.03x | 8.78x | $-4.35 Million |
| 2019 | 9.02% | 33.14% | 0.03x | 8.55x | $-2.39 Million |
| 2020 | 7.48% | 28.90% | 0.03x | 8.49x | $-6.27 Million |
| 2021 | 6.80% | 28.81% | 0.03x | 8.31x | $-8.20 Million |
| 2022 | 6.30% | 27.06% | 0.03x | 8.46x | $-9.50 Million |
| 2023 | 2.00% | 11.15% | 0.02x | 8.91x | $-20.08 Million |
| 2024 | -1.73% | -11.81% | 0.02x | 8.74x | $-29.13 Million |
Industry Comparison
This section compares Territorial Bancorp Inc'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 |
|---|---|---|---|---|
| Territorial Bancorp Inc (TBNK) | $248.35 Million | 6.24% | 7.74x | $58.46 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 |