Nexity Financial Corporation
Nexity Financial Corporation, a bank holding company, provides commercial banking services. The company was founded in 1999 and is headquartered in Birmingham, Alabama. On July 21, 2011, the voluntary petition of Nexity Financial Corporation for reorganization under Chapter 11 was converted to liquidation under Chapter 7. It had filed for Chapter 11 bankruptcy on July 22, 2010.
Nexity Financial Corporation (NXTYQ) - Net Assets
Latest net assets as of December 2008: $58.27 Million USD
Based on the latest financial reports, Nexity Financial Corporation (NXTYQ) has net assets worth $58.27 Million USD as of December 2008.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.06 Billion) and total liabilities ($1.00 Billion). 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 | $58.27 Million |
| % of Total Assets | 5.49% |
| Annual Growth Rate | 13.76% |
| 5-Year Change | -88.42% |
| 10-Year Change | N/A |
| Growth Volatility | 625.45 |
Nexity Financial Corporation - Net Assets Trend (2003–2008)
This chart illustrates how Nexity 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 Nexity Financial Corporation (2003–2008)
The table below shows the annual net assets of Nexity Financial Corporation from 2003 to 2008.
| Year | Net Assets | Change |
|---|---|---|
| 2008-12-31 | $58.27 Million | -12.41% |
| 2007-12-31 | $66.53 Million | -91.34% |
| 2006-12-31 | $768.65 Million | +15.21% |
| 2005-12-31 | $667.15 Million | +32.53% |
| 2004-12-31 | $503.39 Million | +1546.01% |
| 2003-12-31 | $30.58 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nexity 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 173500000.0% over the analyzed period, indicating profitable operations and earnings retention.
- The company has 23.6% of equity in treasury stock, representing shares repurchased from the open market.
Current Equity Component Breakdown (December 2008)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.74 Million | 2.98% |
| Common Stock | $87.00K | 0.15% |
| Treasury Stock | $13.74 Million | 23.58% |
| Other Components | $70.19 Million | 120.45% |
| Total Equity | $58.27 Million | 100.00% |
Nexity Financial Corporation Competitors by Market Cap
The table below lists competitors of Nexity Financial Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Canopus BioPharma Incorporated
PINK:CBIA
|
$0.96 |
|
Snoogoo Corp
PINK:SGOO
|
$0.96 |
|
Medican Enterprises
PINK:MDCN
|
$0.96 |
|
SFLMaven Corp
PINK:SFLM
|
$0.96 |
|
Greyson International Inc
PINK:GYSN
|
$0.96 |
|
Newron Sport
PINK:NSPT
|
$0.96 |
|
Outback Oil & Mineral Exploration Corp
PINK:OUTB
|
$0.96 |
|
Prologic Management Systems Inc
PINK:PRLO
|
$0.96 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nexity Financial Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2007 to 2008, total equity changed from 66,531,519 to 58,272,000, a change of -8,259,519 (-12.4%).
- Net loss of 13,021,544 reduced equity.
- Other comprehensive income increased equity by 839,029.
- Other factors increased equity by 3,922,996.
Equity Change Factors (2007 to 2008)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-13.02 Million | -22.35% |
| Other Comprehensive Income | $839.03K | +1.44% |
| Other Changes | $3.92 Million | +6.73% |
| Total Change | $- | -12.41% |
Book Value vs Market Value Analysis
This analysis compares Nexity 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: 0.00x
- 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 |
|---|---|---|---|
| 2000-12-31 | $3.93 | $0.00 | x |
| 2001-12-31 | $3.57 | $0.00 | x |
| 2002-12-31 | $3.53 | $0.00 | x |
| 2003-12-31 | $4.08 | $0.00 | x |
| 2004-12-31 | $4.74 | $0.00 | x |
| 2005-12-31 | $7.89 | $0.00 | x |
| 2006-12-31 | $7.20 | $0.00 | x |
| 2007-12-31 | $7.70 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nexity 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): -22.35%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -299.65%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 18.22x
- Recent ROE (-22.35%) is below the historical average (1.16%), 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 | -21.23% | -247.79% | 0.01x | 9.30x | $-8.04 Million |
| 2001 | -5.44% | -33.54% | 0.01x | 14.32x | $-3.78 Million |
| 2002 | 4.56% | 51.44% | 0.01x | 17.35x | $-1.44 Million |
| 2003 | 15.29% | 209.11% | 0.00x | 17.09x | $1.62 Million |
| 2004 | 15.12% | 29.61% | 0.03x | 17.18x | $1.82 Million |
| 2005 | 7.18% | 19.94% | 0.03x | 12.40x | $-1.79 Million |
| 2006 | 9.35% | 22.56% | 0.03x | 13.67x | $-422.48K |
| 2007 | 7.99% | 18.77% | 0.03x | 14.24x | $-1.34 Million |
| 2008 | -22.35% | -299.65% | 0.00x | 18.22x | $-18.85 Million |
Industry Comparison
This section compares Nexity Financial Corporation'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 |
|---|---|---|---|---|
| Nexity Financial Corporation (NXTYQ) | $58.27 Million | -21.23% | 17.22x | $0.96 |
| 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 |