Morris State Bancshares Inc
Morris State Bancshares, Inc. operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia. The company provides checking, savings, negotiable order of withdrawal (NOW), and individual retirement accounts; demand, savings, and other time deposits; and CDARS and ICS. It also offers personal, home, home equity line of c… Read more
Morris State Bancshares Inc (MBLU) - Net Assets
Latest net assets as of June 2025: $202.92 Million USD
Based on the latest financial reports, Morris State Bancshares Inc (MBLU) has net assets worth $202.92 Million USD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.55 Billion) and total liabilities ($1.35 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 | $202.92 Million |
| % of Total Assets | 13.05% |
| Annual Growth Rate | 16.06% |
| 5-Year Change | 59.87% |
| 10-Year Change | N/A |
| Growth Volatility | 8.26 |
Morris State Bancshares Inc - Net Assets Trend (2016–2023)
This chart illustrates how Morris State Bancshares 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 Morris State Bancshares Inc (2016–2023)
The table below shows the annual net assets of Morris State Bancshares Inc from 2016 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $178.13 Million | +8.00% |
| 2022-12-31 | $164.94 Million | +11.25% |
| 2021-12-31 | $148.26 Million | +14.56% |
| 2020-12-31 | $129.42 Million | +16.15% |
| 2019-12-31 | $111.43 Million | +35.50% |
| 2018-12-31 | $82.23 Million | +15.78% |
| 2017-12-31 | $71.03 Million | +13.03% |
| 2016-12-31 | $62.84 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Morris State Bancshares 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 228.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $135.11 Million | 75.85% |
| Other Components | $43.03 Million | 24.15% |
| Total Equity | $178.13 Million | 100.00% |
Morris State Bancshares Inc Competitors by Market Cap
The table below lists competitors of Morris State Bancshares Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ADVANCEDADVT LTD. ORD NPV
F:06P0
|
$148.50 Million |
|
Pihlajalinna Oyj
PINK:PIHLF
|
$148.51 Million |
|
Zaggle Prepaid Ocean Services Limited
NSE:ZAGGLE
|
$148.58 Million |
|
Home Invest Belgium - Sifi
BR:HOMI
|
$148.59 Million |
|
Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A.S.
IS:AHGAZ
|
$148.40 Million |
|
Lanzhou Zhuangyuan Pasture Co Ltd
SHE:002910
|
$148.39 Million |
|
AudioCodes Ltd
NASDAQ:AUDC
|
$148.38 Million |
|
ARTRYA Ltd
AU:AYA
|
$148.36 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Morris State Bancshares Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 164,936,403 to 178,133,216, a change of 13,196,813 (8.0%).
- Net income of 19,332,189 contributed positively to equity growth.
- Dividend payments of 3,724,503 reduced retained earnings.
- Share repurchases of 560,869 reduced equity.
- New share issuances of 381,780 increased equity.
- Other factors decreased equity by 2,231,784.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $19.33 Million | +10.85% |
| Dividends Paid | $3.72 Million | -2.09% |
| Share Repurchases | $560.87K | -0.31% |
| Share Issuances | $381.78K | +0.21% |
| Other Changes | $-2.23 Million | -1.25% |
| Total Change | $- | 8.00% |
Book Value vs Market Value Analysis
This analysis compares Morris State Bancshares 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: 0.25x
- 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 0.54x to 0.25x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $39.19 | $21.00 | x |
| 2019-12-31 | $53.10 | $21.00 | x |
| 2020-12-31 | $61.81 | $21.00 | x |
| 2021-12-31 | $70.34 | $21.00 | x |
| 2022-12-31 | $78.07 | $21.00 | x |
| 2023-12-31 | $84.19 | $21.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Morris State Bancshares 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): 10.85%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 34.26%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 8.00x
- Recent ROE (10.85%) is below the historical average (15.06%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 17.64% | 40.25% | 0.05x | 9.72x | $4.80 Million |
| 2017 | 18.83% | 41.88% | 0.05x | 9.57x | $6.27 Million |
| 2018 | 18.53% | 43.20% | 0.05x | 9.12x | $7.01 Million |
| 2019 | 12.22% | 31.51% | 0.04x | 9.04x | $2.48 Million |
| 2020 | 13.45% | 32.89% | 0.04x | 9.66x | $4.47 Million |
| 2021 | 16.16% | 40.55% | 0.04x | 9.51x | $9.14 Million |
| 2022 | 12.80% | 34.92% | 0.04x | 8.64x | $4.61 Million |
| 2023 | 10.85% | 34.26% | 0.04x | 8.00x | $1.52 Million |
Industry Comparison
This section compares Morris State Bancshares 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 |
|---|---|---|---|---|
| Morris State Bancshares Inc (MBLU) | $202.92 Million | 17.64% | 6.66x | $148.42 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 |