IBW Financial Corporation
IBW Financial Corporation operates as the bank holding company for Industrial Bank that provides various banking and financial products and services to individuals and small business in the District of Columbia. It offers checking, money market, individual retirement, and savings accounts; certificates of deposit; mortgages; and investments. The company also provides commercial term and real esta… Read more
IBW Financial Corporation (IBWC) - Net Assets
Latest net assets as of December 2017: $35.26 Million USD
Based on the latest financial reports, IBW Financial Corporation (IBWC) has net assets worth $35.26 Million USD as of December 2017.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($423.37 Million) and total liabilities ($388.11 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 | $35.26 Million |
| % of Total Assets | 8.33% |
| Annual Growth Rate | 7.64% |
| 5-Year Change | 170.17% |
| 10-Year Change | 230.55% |
| Growth Volatility | 24.81 |
IBW Financial Corporation - Net Assets Trend (2000–2024)
This chart illustrates how IBW Financial Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for IBW Financial Corporation (2000–2024)
The table below shows the annual net assets of IBW Financial Corporation from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $129.56 Million | +0.79% |
| 2023-12-31 | $128.54 Million | +4.77% |
| 2022-12-31 | $122.69 Million | +93.04% |
| 2021-12-31 | $63.56 Million | +32.53% |
| 2020-12-31 | $47.95 Million | +18.43% |
| 2019-12-31 | $40.49 Million | +14.85% |
| 2017-12-31 | $35.26 Million | +0.81% |
| 2016-12-31 | $34.97 Million | -12.30% |
| 2015-12-31 | $39.88 Million | +1.75% |
| 2014-12-31 | $39.20 Million | +9.48% |
| 2013-12-31 | $35.80 Million | +35.83% |
| 2003-12-31 | $26.36 Million | +0.45% |
| 2002-12-31 | $26.24 Million | +13.35% |
| 2001-12-31 | $23.15 Million | +4.59% |
| 2000-12-31 | $22.14 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to IBW Financial Corporation'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 221.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $47.45 Million | 36.63% |
| Common Stock | $646.00K | 0.50% |
| Other Comprehensive Income | $-18.45 Million | -14.24% |
| Other Components | $99.91 Million | 77.12% |
| Total Equity | $129.56 Million | 100.00% |
IBW Financial Corporation Competitors by Market Cap
The table below lists competitors of IBW Financial Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SECURE INC.
F:Q58
|
$17.71 Million |
|
Primo Chemicals Limited
NSE:PRIMO
|
$17.71 Million |
|
SciDev Limited
F:INFA
|
$17.71 Million |
|
Kapuas Prima Coal Tbk PT
JK:ZINC
|
$17.71 Million |
|
Investcorp India Acquisition Corp. Class A ordinary share
NASDAQ:IVCA
|
$17.70 Million |
|
Acanthe Développement
LSE:0DYL
|
$17.70 Million |
|
First Atlantic Nickel Corp.
OTCQB:FANCF
|
$17.70 Million |
|
Energía Innovación y Desarrollo Fotovoltaico S.A.
MC:EIDF
|
$17.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in IBW Financial Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 128,540,000 to 129,561,000, a change of 1,021,000 (0.8%).
- Net income of 1,813,000 contributed positively to equity growth.
- Dividend payments of 1,040,000 reduced retained earnings.
- Share repurchases of 316,000 reduced equity.
- Other comprehensive income increased equity by 564,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.81 Million | +1.4% |
| Dividends Paid | $1.04 Million | -0.8% |
| Share Repurchases | $316.00K | -0.24% |
| Other Comprehensive Income | $564.00K | +0.44% |
| Total Change | $- | 0.79% |
Book Value vs Market Value Analysis
This analysis compares IBW Financial Corporation'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: 0.22x
- 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 1.36x to 0.22x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | $33.12 | $44.99 | x |
| 2001-12-31 | $34.64 | $44.99 | x |
| 2002-12-31 | $39.26 | $44.99 | x |
| 2003-12-31 | $39.44 | $44.99 | x |
| 2014-12-31 | $0.00 | $44.99 | x |
| 2015-12-31 | $0.00 | $44.99 | x |
| 2016-12-31 | $0.00 | $44.99 | x |
| 2017-12-31 | $0.00 | $44.99 | x |
| 2019-12-31 | $67.73 | $44.99 | x |
| 2020-12-31 | $80.32 | $44.99 | x |
| 2021-12-31 | $102.75 | $44.99 | x |
| 2022-12-31 | $189.98 | $44.99 | x |
| 2023-12-31 | $199.04 | $44.99 | x |
| 2024-12-31 | $200.63 | $44.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently IBW Financial Corporation 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): 1.40%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.53%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 6.03x
- Recent ROE (1.40%) is below the historical average (6.05%), 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 | 9.77% | 9.39% | 0.09x | 12.08x | $-51.60K |
| 2001 | 12.19% | 11.53% | 0.08x | 12.76x | $506.90K |
| 2002 | 7.80% | 8.90% | 0.08x | 11.25x | $-577.10K |
| 2003 | 7.73% | 9.07% | 0.07x | 11.48x | $-598.80K |
| 2013 | 4.10% | 6.14% | 0.05x | 12.39x | $-1.73 Million |
| 2014 | 6.77% | 10.56% | 0.06x | 11.26x | $-1.06 Million |
| 2015 | 4.58% | 7.68% | 0.05x | 11.65x | $-1.81 Million |
| 2016 | 5.55% | 9.57% | 0.05x | 11.12x | $-1.53 Million |
| 2017 | 1.92% | 3.28% | 0.05x | 12.18x | $-2.81 Million |
| 2019 | 9.97% | 16.40% | 0.05x | 13.11x | $-13.10K |
| 2020 | 11.83% | 15.05% | 0.07x | 11.67x | $878.50K |
| 2021 | 3.97% | 8.22% | 0.05x | 9.84x | $-3.83 Million |
| 2022 | 1.13% | 4.73% | 0.04x | 6.05x | $-10.89 Million |
| 2023 | 2.11% | 8.19% | 0.04x | 5.81x | $-10.14 Million |
| 2024 | 1.40% | 5.53% | 0.04x | 6.03x | $-11.14 Million |
Industry Comparison
This section compares IBW Financial Corporation's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $22,823,266,317
- Average return on equity (ROE) among peers: 14.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| IBW Financial Corporation (IBWC) | $35.26 Million | 9.77% | 11.01x | $17.71 Million |
| Ameris Bancorp (ABCB) | $514.76 Million | 7.94% | 9.86x | $4.91 Billion |
| ACNB Corporation (ACNB) | $106.80 Million | 8.72% | 8.79x | $452.68 Million |
| Addiko Bank AG (ADBKF) | $6.08 Billion | 0.58% | 0.00x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $80.78 Million | 3.82% | 9.53x | $79.98 Million |
| Absa Group Limited (AGRPF) | $56.49 Billion | 12.11% | 11.71x | $6.72 Billion |
| AIB Group plc (AIBGY) | $2.74 Billion | 18.02% | 16.84x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $153.61 Billion | 39.08% | 6.47x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $8.37 Billion | 34.92% | 7.81x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $235.94 Million | 14.17% | 11.96x | $248.47 Million |