First Niles Financial Inc
First Niles Financial, Inc. operates as a holding company for the Home Federal Savings and Loan Association of Niles that provides various banking products and services in Ohio. The company operates in two segments, Community Banking and Mortgage Banking. The company offers personal and business checking and savings accounts, IRAs, money market and direct deposits, certificates of deposit, and Ch… Read more
First Niles Financial Inc (FNFI) - Net Assets
Latest net assets as of March 2025: $14.46 Million USD
Based on the latest financial reports, First Niles Financial Inc (FNFI) has net assets worth $14.46 Million USD as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($160.16 Million) and total liabilities ($145.70 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 | $14.46 Million |
| % of Total Assets | 9.03% |
| Annual Growth Rate | -2.83% |
| 5-Year Change | 9.68% |
| 10-Year Change | 17.01% |
| Growth Volatility | 97.29 |
First Niles Financial Inc - Net Assets Trend (1998–2024)
This chart illustrates how First Niles 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 First Niles Financial Inc (1998–2024)
The table below shows the annual net assets of First Niles Financial Inc from 1998 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $14.17 Million | +3.70% |
| 2023-12-31 | $13.66 Million | +3.93% |
| 2022-12-31 | $13.14 Million | -14.12% |
| 2021-12-31 | $15.30 Million | +18.49% |
| 2020-12-31 | $12.92 Million | +0.93% |
| 2019-12-31 | $12.80 Million | +8.60% |
| 2018-12-31 | $11.78 Million | -83.51% |
| 2017-12-31 | $71.45 Million | -0.07% |
| 2016-12-31 | $71.50 Million | +490.56% |
| 2015-12-31 | $12.11 Million | +1.31% |
| 2014-12-31 | $11.95 Million | +15.07% |
| 2013-12-31 | $10.39 Million | -20.86% |
| 2012-12-31 | $13.12 Million | -3.53% |
| 2011-12-31 | $13.60 Million | +10.64% |
| 2010-12-31 | $12.29 Million | -4.17% |
| 2009-12-31 | $12.83 Million | -15.48% |
| 2008-12-31 | $15.18 Million | -4.41% |
| 2007-12-31 | $15.88 Million | -1.70% |
| 2006-12-31 | $16.15 Million | -1.48% |
| 2005-12-31 | $16.40 Million | -0.10% |
| 2004-12-31 | $16.41 Million | -1.30% |
| 2003-12-31 | $16.63 Million | -9.29% |
| 2002-12-31 | $18.33 Million | +2.04% |
| 2001-12-31 | $17.97 Million | -4.22% |
| 2000-12-31 | $18.76 Million | +1.39% |
| 1999-12-31 | $18.50 Million | -38.13% |
| 1998-12-31 | $29.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Niles 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 11.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $14.14 Million | 99.78% |
| Common Stock | $18.00K | 0.13% |
| Other Comprehensive Income | $-1.88 Million | -13.25% |
| Other Components | $1.89 Million | 13.34% |
| Total Equity | $14.17 Million | 100.00% |
First Niles Financial Inc Competitors by Market Cap
The table below lists competitors of First Niles Financial Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NGX Ltd
AU:NGX
|
$5.48 Million |
|
AI Artificial Intelligence Ventures Inc.
V:AIVC
|
$5.48 Million |
|
SKAGEN Vekst A
CO:SKIVEK
|
$5.48 Million |
|
Focus Graphite Inc
OTCQB:FCSMF
|
$5.48 Million |
|
Asian Battery Metals Plc
AU:AZ9
|
$5.46 Million |
|
Portage Fintech Acquisition Corp
NASDAQ:PFTA
|
$5.46 Million |
|
ALSAF
PINK:ALSAF
|
$5.46 Million |
|
Cassius Mining Ltd
AU:CMD
|
$5.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Niles Financial Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 13,661,000 to 14,167,000, a change of 506,000 (3.7%).
- Net income of 863,000 contributed positively to equity growth.
- Dividend payments of 326,000 reduced retained earnings.
- Other comprehensive income decreased equity by 31,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $863.00K | +6.09% |
| Dividends Paid | $326.00K | -2.3% |
| Other Comprehensive Income | $-31.00K | -0.22% |
| Total Change | $- | 3.70% |
Book Value vs Market Value Analysis
This analysis compares First Niles 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: 0.78x
- 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 increased from 0.49x to 0.78x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | $17.05 | $8.30 | x |
| 1999-12-31 | $11.65 | $8.30 | x |
| 2000-12-31 | $12.35 | $8.30 | x |
| 2001-12-31 | $12.41 | $8.30 | x |
| 2002-12-31 | $13.17 | $8.30 | x |
| 2003-12-31 | $12.42 | $8.30 | x |
| 2004-12-31 | $12.41 | $8.30 | x |
| 2005-12-31 | $12.38 | $8.30 | x |
| 2012-12-31 | $11.43 | $8.30 | x |
| 2013-12-31 | $9.28 | $8.30 | x |
| 2014-12-31 | $10.74 | $8.30 | x |
| 2015-12-31 | $10.88 | $8.30 | x |
| 2016-12-31 | $10.61 | $8.30 | x |
| 2017-12-31 | $10.94 | $8.30 | x |
| 2018-12-31 | $10.59 | $8.30 | x |
| 2019-12-31 | $11.50 | $8.30 | x |
| 2020-12-31 | $11.60 | $8.30 | x |
| 2021-12-31 | $12.70 | $8.30 | x |
| 2022-12-31 | $9.86 | $8.30 | x |
| 2023-12-31 | $10.25 | $8.30 | x |
| 2024-12-31 | $10.63 | $8.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Niles 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): 6.09%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.79%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 11.04x
- Recent ROE (6.09%) is above the historical average (3.85%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 2.68% | 24.24% | 0.04x | 2.90x | $-2.19 Million |
| 1999 | 5.41% | 28.57% | 0.04x | 4.35x | $-850.00K |
| 2000 | 4.30% | 14.87% | 0.07x | 4.13x | $-1.07 Million |
| 2001 | 4.57% | 13.18% | 0.06x | 5.35x | $-975.60K |
| 2002 | 5.36% | 16.45% | 0.06x | 5.49x | $-851.30K |
| 2003 | 6.36% | 19.44% | 0.05x | 6.02x | $-605.00K |
| 2004 | 6.29% | 19.84% | 0.05x | 6.05x | $-609.30K |
| 2005 | 6.38% | 19.08% | 0.06x | 6.01x | $-593.60K |
| 2006 | 4.12% | 11.47% | 0.06x | 5.99x | $-950.30K |
| 2007 | 4.99% | 12.91% | 0.06x | 6.36x | $-794.90K |
| 2008 | 4.57% | 11.94% | 0.06x | 6.65x | $-824.90K |
| 2011 | 9.79% | 32.30% | 0.04x | 7.63x | $-28.30K |
| 2012 | 1.84% | 7.02% | 0.03x | 7.78x | $-1.07 Million |
| 2013 | -2.73% | -10.81% | 0.03x | 9.32x | $-1.32 Million |
| 2014 | 1.88% | 7.39% | 0.03x | 8.07x | $-970.10K |
| 2015 | 1.75% | 7.18% | 0.03x | 8.13x | $-998.70K |
| 2016 | 0.20% | 0.89% | 0.03x | 8.25x | $-1.16 Million |
| 2017 | 3.11% | 13.06% | 0.03x | 8.20x | $-838.30K |
| 2018 | 1.86% | 6.85% | 0.03x | 8.41x | $-959.40K |
| 2019 | 3.32% | 11.83% | 0.04x | 7.82x | $-854.80K |
| 2020 | 2.34% | 8.21% | 0.03x | 8.49x | $-989.70K |
| 2021 | 3.83% | 8.68% | 0.05x | 8.13x | $-944.50K |
| 2022 | 1.92% | 3.03% | 0.06x | 10.19x | $-1.06 Million |
| 2023 | 5.91% | 8.08% | 0.06x | 11.49x | $-558.10K |
| 2024 | 6.09% | 10.79% | 0.05x | 11.04x | $-553.70K |
Industry Comparison
This section compares First Niles 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 |
|---|---|---|---|---|
| First Niles Financial Inc (FNFI) | $14.46 Million | 2.68% | 10.07x | $5.47 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 |