Territorial Bancorp Inc (TBNK) - Net Assets
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. Check TBNK cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore TBNK total asset value for the complete picture of this company's asset base.
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. For live valuation and market cap data, see how much is Territorial Bancorp Inc worth.
| 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 |
|---|---|
|
Teuton Resources Corp.
V:TUO
|
$66.37 Million |
|
Velan Inc.
TO:VLN
|
$66.40 Million |
|
Adhi Commuter Properti Tbk PT
JK:ADCP
|
$66.41 Million |
|
RMS Mezzanine A.S.
PR:PVT
|
$66.41 Million |
|
TROPHY GAMES Development AS
CO:TGAMES
|
$66.37 Million |
|
Sunsuria Bhd
KLSE:3743
|
$66.36 Million |
|
Enzymatica publ AB
ST:ENZY
|
$66.35 Million |
|
International Development & Investment Corp
VN:IDI
|
$66.32 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: 1.64x
- 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 6.25x to 1.64x 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 | $47.23 | x |
| 2008-12-31 | $8.12 | $47.23 | x |
| 2009-12-31 | $19.47 | $47.23 | x |
| 2010-12-31 | $20.00 | $47.23 | x |
| 2011-12-31 | $19.56 | $47.23 | x |
| 2012-12-31 | $21.44 | $47.23 | x |
| 2013-12-31 | $21.55 | $47.23 | x |
| 2014-12-31 | $23.22 | $47.23 | x |
| 2015-12-31 | $23.71 | $47.23 | x |
| 2016-12-31 | $24.68 | $47.23 | x |
| 2017-12-31 | $24.64 | $47.23 | x |
| 2018-12-31 | $25.07 | $47.23 | x |
| 2019-12-31 | $26.15 | $47.23 | x |
| 2020-12-31 | $27.04 | $47.23 | x |
| 2021-12-31 | $28.14 | $47.23 | x |
| 2022-12-31 | $28.76 | $47.23 | x |
| 2023-12-31 | $28.91 | $47.23 | x |
| 2024-12-31 | $28.84 | $47.23 | 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: $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 |
|---|---|---|---|---|
| Territorial Bancorp Inc (TBNK) | $248.35 Million | 6.24% | 7.74x | $66.37 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 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