FNB Inc
FNB, Inc. operates as the bank holding company for The First National Bank of Dennison that provides personal and business banking products in Ohio. Its products and services include checking, savings, certificates of deposit, and individual retirement accounts; debit cards; and cash management, merchant card processing, night depository, overdraft protection, safe deposit boxes, and mobile and o… Read more
FNB Inc (FIDS) - Net Assets
Latest net assets as of December 2007: $166.82 Million USD
Based on the latest financial reports, FNB Inc (FIDS) has net assets worth $166.82 Million USD as of December 2007.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($167.09 Million) and total liabilities ($267.00K). 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 | $166.82 Million |
| % of Total Assets | 99.84% |
| Annual Growth Rate | 1.09% |
| 5-Year Change | -30.45% |
| 10-Year Change | 18.55% |
| Growth Volatility | 17.43 |
FNB Inc - Net Assets Trend (2000–2024)
This chart illustrates how FNB 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 FNB Inc (2000–2024)
The table below shows the annual net assets of FNB Inc from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $17.99 Million | +0.83% |
| 2023-12-31 | $17.84 Million | +19.31% |
| 2022-12-31 | $14.95 Million | -43.29% |
| 2021-12-31 | $26.37 Million | +1.94% |
| 2020-12-31 | $25.87 Million | +9.21% |
| 2019-12-31 | $23.69 Million | +40.85% |
| 2007-12-31 | $16.82 Million | +6.20% |
| 2006-12-31 | $15.83 Million | +1.01% |
| 2005-12-31 | $15.68 Million | +3.30% |
| 2004-12-31 | $15.17 Million | -1.32% |
| 2003-12-31 | $15.38 Million | +6.74% |
| 2002-12-31 | $14.41 Million | +5.11% |
| 2001-12-31 | $13.71 Million | -1.28% |
| 2000-12-31 | $13.88 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to FNB 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 176.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $30.34 Million | 168.64% |
| Common Stock | $2.12 Million | 11.80% |
| Total Equity | $17.99 Million | 100.00% |
FNB Inc Competitors by Market Cap
The table below lists competitors of FNB Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Blackrock Municipal Target Term Closed Fund
NYSE:BTT
|
$205.20K |
|
Fundo de Investimento Imobiliário EdifÃcio Ourinvest
SA:EDFO11
|
$205.26K |
|
Noctiluca S.A.
WAR:NCL
|
$205.57K |
|
Wealth Invest Strategi Alternativer
CO:WEISA
|
$205.91K |
|
DANA HLDG
BE:4DH
|
$205.11K |
|
Cengage Learning Holdings II Inc
OTCGREY:CNGO
|
$205.07K |
|
Jolimark Holdings Limited
PINK:JLMKF
|
$204.98K |
|
ULTRA CLEAN HLDGS
BE:UCE
|
$204.98K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FNB Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 17,841,808 to 17,990,337, a change of 148,529 (0.8%).
- Net income of 663,473 contributed positively to equity growth.
- Dividend payments of 1,209,408 reduced retained earnings.
- Other comprehensive income increased equity by 11,901,401.
- Other factors decreased equity by 11,206,937.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $663.47K | +3.69% |
| Dividends Paid | $1.21 Million | -6.72% |
| Other Comprehensive Income | $11.90 Million | +66.15% |
| Other Changes | $-11.21 Million | -62.29% |
| Total Change | $- | 0.83% |
Book Value vs Market Value Analysis
This analysis compares FNB 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: 0.79x
- 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 0.97x to 0.79x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | $21.89 | $21.30 | x |
| 2004-12-31 | $21.91 | $21.30 | x |
| 2005-12-31 | $22.62 | $21.30 | x |
| 2006-12-31 | $22.88 | $21.30 | x |
| 2007-12-31 | $24.64 | $21.30 | x |
| 2019-12-31 | $35.20 | $21.30 | x |
| 2020-12-31 | $38.44 | $21.30 | x |
| 2021-12-31 | $39.18 | $21.30 | x |
| 2022-12-31 | $22.39 | $21.30 | x |
| 2023-12-31 | $26.71 | $21.30 | x |
| 2024-12-31 | $26.93 | $21.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FNB 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): 3.69%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.06%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 15.17x
- Recent ROE (3.69%) is below the historical average (9.77%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 12.31% | 15.36% | 0.08x | 9.78x | $320.50K |
| 2001 | 12.78% | 15.95% | 0.08x | 10.10x | $381.30K |
| 2002 | 11.62% | 17.39% | 0.07x | 9.95x | $233.30K |
| 2003 | 10.35% | 16.62% | 0.06x | 9.96x | $53.82K |
| 2004 | 7.56% | 12.60% | 0.06x | 10.39x | $-369.79K |
| 2005 | 8.80% | 13.32% | 0.06x | 10.34x | $-188.50K |
| 2006 | 9.85% | 19.95% | 0.05x | 10.23x | $-24.40K |
| 2007 | 10.19% | 21.50% | 0.05x | 9.94x | $32.40K |
| 2019 | 9.54% | 18.83% | 0.05x | 9.83x | $-108.51K |
| 2020 | 8.09% | 18.35% | 0.04x | 10.73x | $-494.25K |
| 2021 | 6.70% | 15.75% | 0.04x | 10.97x | $-869.14K |
| 2022 | 11.77% | 15.12% | 0.04x | 19.36x | $264.98K |
| 2023 | 13.53% | 15.93% | 0.05x | 15.97x | $630.28K |
| 2024 | 3.69% | 5.06% | 0.05x | 15.17x | $-1.14 Million |
Industry Comparison
This section compares FNB 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 |
|---|---|---|---|---|
| FNB Inc (FIDS) | $166.82 Million | 12.31% | 0.00x | $205.18K |
| 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 |