Absecon Bancorp
Absecon Bancorp operates as the bank holding company for The First National Bank of Absecon that provides various personal and business banking products and services primarily in Atlantic County, New Jersey. It offers checking, NOW, money market, and savings accounts; certificates of deposit; individual retirement accounts; and credit card merchant accounts. The company also provides consumer loa… Read more
Absecon Bancorp (ASCN) - Net Assets
Latest net assets as of March 2022: $14.50 Million USD
Based on the latest financial reports, Absecon Bancorp (ASCN) has net assets worth $14.50 Million USD as of March 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($182.39 Million) and total liabilities ($167.89 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $14.50 Million |
| % of Total Assets | 7.95% |
| Annual Growth Rate | -0.53% |
| 5-Year Change | -5.88% |
| 10-Year Change | N/A |
| Growth Volatility | 18.31 |
Absecon Bancorp - Net Assets Trend (2019–2024)
This chart illustrates how Absecon Bancorp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Absecon Bancorp (2019–2024)
The table below shows the annual net assets of Absecon Bancorp from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $16.18 Million | +10.63% |
| 2023-12-31 | $14.62 Million | +24.02% |
| 2022-12-31 | $11.79 Million | -31.36% |
| 2021-12-31 | $17.18 Million | -0.06% |
| 2020-12-31 | $17.19 Million | +3.47% |
| 2019-12-31 | $16.61 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Absecon 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 26.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $17.63 Million | 108.95% |
| Common Stock | $11.00K | 0.07% |
| Total Equity | $16.18 Million | 100.00% |
Absecon Bancorp Competitors by Market Cap
The table below lists competitors of Absecon Bancorp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
0NR0
LSE:0NR0
|
$908.58K |
|
Shonghoya Intl Group Inc
PINK:SNHO
|
$908.65K |
|
Transaction Capital
JSE:TCP
|
$908.67K |
|
KONECRANES (K34.SG)
STU:K34
|
$908.93K |
|
Goldcliff Resource Corporation
PINK:GCFFF
|
$907.96K |
|
STG International Ltd
TA:STG
|
$907.80K |
|
VGP SA
BE:4V1
|
$907.66K |
|
Onelife Capital Advisors Limited
NSE:ONELIFECAP
|
$906.78K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Absecon Bancorp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 14,624,000 to 16,179,000, a change of 1,555,000 (10.6%).
- Net income of 1,156,000 contributed positively to equity growth.
- Dividend payments of 680,000 reduced retained earnings.
- Other factors increased equity by 1,079,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.16 Million | +7.15% |
| Dividends Paid | $680.00K | -4.2% |
| Other Changes | $1.08 Million | +6.67% |
| Total Change | $- | 10.63% |
Book Value vs Market Value Analysis
This analysis compares Absecon 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: 0.66x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $140.14 | $96.25 | x |
| 2020-12-31 | $149.31 | $96.25 | x |
| 2021-12-31 | $141.37 | $96.25 | x |
| 2022-12-31 | $98.51 | $96.25 | x |
| 2023-12-31 | $132.47 | $96.25 | x |
| 2024-12-31 | $146.55 | $96.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Absecon 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): 7.15%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.33%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 12.03x
- Recent ROE (7.15%) is above the historical average (6.59%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 4.29% | 12.48% | 0.04x | 8.85x | $-948.30K |
| 2020 | 4.97% | 14.79% | 0.03x | 9.61x | $-863.90K |
| 2021 | 3.87% | 11.94% | 0.03x | 10.67x | $-1.05 Million |
| 2022 | 8.51% | 16.21% | 0.03x | 15.48x | $-176.20K |
| 2023 | 10.78% | 20.01% | 0.04x | 12.73x | $113.60K |
| 2024 | 7.15% | 13.33% | 0.04x | 12.03x | $-461.90K |
Industry Comparison
This section compares Absecon Bancorp'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 |
|---|---|---|---|---|
| Absecon Bancorp (ASCN) | $14.50 Million | 4.29% | 11.58x | $908.50K |
| 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 |