First Bancshares Inc. (Bellevue OH)
First Bancshares, Inc. operates as the bank holding company for First National Bank that provides financial services to individuals and corporate customers in the United States. The company accepts checking, savings, and individual retirement accounts, as well as certificates of deposit. It also provides personal loans, such as mortgage, home equity, auto, and boat loans; and commercial loans, in… Read more
First Bancshares Inc. (Bellevue OH) (FIBH) - Net Assets
Latest net assets as of December 2024: $17.15 Million USD
Based on the latest financial reports, First Bancshares Inc. (Bellevue OH) (FIBH) has net assets worth $17.15 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 ($294.06 Million) and total liabilities ($276.91 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 | $17.15 Million |
| % of Total Assets | 5.83% |
| Annual Growth Rate | 1.11% |
| 5-Year Change | -27.44% |
| 10-Year Change | N/A |
| Growth Volatility | 14.08 |
First Bancshares Inc. (Bellevue OH) - Net Assets Trend (2015–2024)
This chart illustrates how First Bancshares Inc. (Bellevue OH)'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for First Bancshares Inc. (Bellevue OH) (2015–2024)
The table below shows the annual net assets of First Bancshares Inc. (Bellevue OH) from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $17.15 Million | +2.18% |
| 2023-12-31 | $16.78 Million | +6.96% |
| 2022-12-31 | $15.69 Million | -36.44% |
| 2021-12-31 | $24.69 Million | +4.46% |
| 2020-12-31 | $23.63 Million | +14.18% |
| 2019-12-31 | $20.70 Million | +5.83% |
| 2018-12-31 | $19.56 Million | +9.93% |
| 2017-12-31 | $17.79 Million | +6.61% |
| 2016-12-31 | $16.69 Million | +7.51% |
| 2015-12-31 | $15.52 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Bancshares Inc. (Bellevue OH)'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 97.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $28.39 Million | 165.54% |
| Common Stock | $1.10 Million | 6.42% |
| Other Comprehensive Income | $-11.01 Million | -64.18% |
| Total Equity | $17.15 Million | 100.00% |
First Bancshares Inc. (Bellevue OH) Competitors by Market Cap
The table below lists competitors of First Bancshares Inc. (Bellevue OH) ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Arogo Capital Acquisition Corp
NASDAQ:AOGO
|
$22.32 Million |
|
Tien Liang BioTech Co., Ltd.
TWO:4127
|
$22.32 Million |
|
First Nordic Metals Corp
OTCQB:FNMCF
|
$22.33 Million |
|
Y-S Electronic Co Ltd
TWO:6418
|
$22.34 Million |
|
Groupe CRIT SA
PA:CEN
|
$22.30 Million |
|
Medipharm Labs Corp
OTCQX:MEDIF
|
$22.30 Million |
|
Xander International
TWO:6118
|
$22.30 Million |
|
Eclipse Metals Ltd
AU:EPM
|
$22.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Bancshares Inc. (Bellevue OH)'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 16,783,542 to 17,148,805, a change of 365,263 (2.2%).
- Net income of 1,315,620 contributed positively to equity growth.
- Dividend payments of 714,012 reduced retained earnings.
- Other comprehensive income decreased equity by 394,744.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.32 Million | +7.67% |
| Dividends Paid | $714.01K | -4.16% |
| Other Comprehensive Income | $-394.74K | -2.3% |
| Other Changes | $158.40K | +0.92% |
| Total Change | $- | 2.18% |
Book Value vs Market Value Analysis
This analysis compares First Bancshares Inc. (Bellevue OH)'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: 1.48x
- 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 1.72x to 1.48x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | $27.25 | $46.77 | x |
| 2016-12-31 | $29.30 | $46.77 | x |
| 2017-12-31 | $31.25 | $46.77 | x |
| 2018-12-31 | $34.35 | $46.77 | x |
| 2019-12-31 | $38.50 | $46.77 | x |
| 2020-12-31 | $43.96 | $46.77 | x |
| 2021-12-31 | $45.92 | $46.77 | x |
| 2022-12-31 | $29.19 | $46.77 | x |
| 2023-12-31 | $31.26 | $46.77 | x |
| 2024-12-31 | $31.51 | $46.77 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Bancshares Inc. (Bellevue OH) 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): 7.67%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.52%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 17.15x
- Recent ROE (7.67%) is below the historical average (10.87%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 7.72% | 14.56% | 0.05x | 11.77x | $-353.79K |
| 2016 | 11.10% | 19.32% | 0.05x | 12.14x | $182.95K |
| 2017 | 9.08% | 15.36% | 0.05x | 11.81x | $-163.63K |
| 2018 | 13.10% | 22.14% | 0.05x | 11.40x | $606.92K |
| 2019 | 11.33% | 18.74% | 0.05x | 11.00x | $274.80K |
| 2020 | 12.37% | 22.53% | 0.05x | 12.12x | $560.36K |
| 2021 | 11.82% | 23.67% | 0.04x | 12.43x | $450.36K |
| 2022 | 16.57% | 20.65% | 0.04x | 18.93x | $1.03 Million |
| 2023 | 7.93% | 13.87% | 0.03x | 17.84x | $-346.64K |
| 2024 | 7.67% | 8.52% | 0.05x | 17.15x | $-399.26K |
Industry Comparison
This section compares First Bancshares Inc. (Bellevue OH)'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 |
|---|---|---|---|---|
| First Bancshares Inc. (Bellevue OH) (FIBH) | $17.15 Million | 7.72% | 16.15x | $22.31 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 |