Fentura Financial Inc
Fentura Financial, Inc. operates as the bank holding company for The State Bank that provides banking products and services to individuals, small businesses, and government entities in Michigan. The company offers deposit products, such as checking, savings, term certificate, individual retirement, and health savings accounts, as well as certificates of deposit; and lending products that includes… Read more
Fentura Financial Inc (FETM) - Net Assets
Latest net assets as of September 2024: $146.40 Million USD
Based on the latest financial reports, Fentura Financial Inc (FETM) has net assets worth $146.40 Million USD as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.81 Billion) and total liabilities ($1.66 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 | $146.40 Million |
| % of Total Assets | 8.1% |
| Annual Growth Rate | 19.39% |
| 5-Year Change | 36.73% |
| 10-Year Change | N/A |
| Growth Volatility | 18.08 |
Fentura Financial Inc - Net Assets Trend (2014–2023)
This chart illustrates how Fentura Financial 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 Fentura Financial Inc (2014–2023)
The table below shows the annual net assets of Fentura Financial Inc from 2014 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $138.70 Million | +10.00% |
| 2022-12-31 | $126.09 Million | +1.31% |
| 2021-12-31 | $124.45 Million | +7.41% |
| 2020-12-31 | $115.87 Million | +14.22% |
| 2019-12-31 | $101.44 Million | +13.32% |
| 2018-12-31 | $89.52 Million | +50.58% |
| 2017-12-31 | $59.45 Million | +17.35% |
| 2016-12-31 | $50.66 Million | +56.00% |
| 2015-12-31 | $32.47 Million | +15.39% |
| 2014-12-31 | $28.14 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fentura Financial 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 8997700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $74.31 Million | 53.57% |
| Other Components | $64.39 Million | 46.43% |
| Total Equity | $138.70 Million | 100.00% |
Fentura Financial Inc Competitors by Market Cap
The table below lists competitors of Fentura Financial Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aarti Drugs Limited
NSE:AARTIDRUGS
|
$149.72 Million |
|
QST International
TWO:8349
|
$149.74 Million |
|
Shandong Huifa Foodstuff Co
SHG:603536
|
$149.80 Million |
|
Israir Group Ltd
TA:ISRG
|
$149.84 Million |
|
Focus Lightings Tech Co Ltd
SHE:300708
|
$149.67 Million |
|
Risuntek Inc
SHE:002981
|
$149.63 Million |
|
Heliostar Metals Ltd
OTCQX:HSTXF
|
$149.62 Million |
|
Digital Asset Acquisition Corp. Units
NASDAQ:DAAQU
|
$149.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fentura Financial Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 126,087,000 to 138,702,000, a change of 12,615,000 (10.0%).
- Net income of 14,629,000 contributed positively to equity growth.
- Dividend payments of 1,784,000 reduced retained earnings.
- New share issuances of 498,000 increased equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $14.63 Million | +10.55% |
| Dividends Paid | $1.78 Million | -1.29% |
| Share Issuances | $498.00K | +0.36% |
| Other Changes | $-728.00K | -0.52% |
| Total Change | $- | 10.00% |
Book Value vs Market Value Analysis
This analysis compares Fentura Financial 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: 1.47x
- 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 2.78x to 1.47x 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 | $16.37 | $45.50 | x |
| 2018-12-31 | $19.31 | $45.50 | x |
| 2019-12-31 | $21.75 | $45.50 | x |
| 2020-12-31 | $24.68 | $45.50 | x |
| 2021-12-31 | $27.68 | $45.50 | x |
| 2022-12-31 | $28.40 | $45.50 | x |
| 2023-12-31 | $31.02 | $45.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fentura Financial 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): 10.55%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 24.30%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 12.54x
- Recent ROE (10.55%) is below the historical average (12.15%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 11.94% | 16.49% | 0.05x | 13.99x | $545.80K |
| 2015 | 14.45% | 21.25% | 0.05x | 13.75x | $1.44 Million |
| 2016 | 8.77% | 19.37% | 0.03x | 13.88x | $-625.00K |
| 2017 | 14.59% | 24.40% | 0.05x | 13.15x | $2.73 Million |
| 2018 | 11.30% | 26.07% | 0.04x | 10.35x | $1.16 Million |
| 2019 | 11.41% | 27.13% | 0.04x | 10.20x | $1.43 Million |
| 2020 | 13.35% | 26.09% | 0.05x | 10.80x | $3.88 Million |
| 2021 | 13.32% | 28.73% | 0.04x | 11.39x | $4.13 Million |
| 2022 | 11.84% | 24.87% | 0.04x | 13.39x | $2.32 Million |
| 2023 | 10.55% | 24.30% | 0.03x | 12.54x | $758.80K |
Industry Comparison
This section compares Fentura Financial 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 |
|---|---|---|---|---|
| Fentura Financial Inc (FETM) | $146.40 Million | 11.94% | 11.35x | $149.71 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 |