Republic Bank of Arizona
RBAZ Bancorp, Inc. operates as the bank holding company for Republic Bank of Arizona that provides various community banking products and services for individuals, businesses, and professionals in Arizona. The company offers various business and personal checking and savings accounts. It also provides business term, equipment, commercial real estate, and small business administration loans; accou… Read more
Republic Bank of Arizona (RBAZ) - Net Assets
Latest net assets as of June 2024: $22.62 Million USD
Based on the latest financial reports, Republic Bank of Arizona (RBAZ) has net assets worth $22.62 Million USD as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($283.06 Million) and total liabilities ($260.44 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 | $22.62 Million |
| % of Total Assets | 7.99% |
| Annual Growth Rate | 5.18% |
| 5-Year Change | 34.18% |
| 10-Year Change | N/A |
| Growth Volatility | 367.43 |
Republic Bank of Arizona - Net Assets Trend (2014–2023)
This chart illustrates how Republic Bank of Arizona's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Republic Bank of Arizona (2014–2023)
The table below shows the annual net assets of Republic Bank of Arizona from 2014 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $21.13 Million | +14.86% |
| 2022-12-31 | $18.39 Million | -1.49% |
| 2021-12-31 | $18.67 Million | -89.92% |
| 2020-12-31 | $185.31 Million | +1076.87% |
| 2019-12-31 | $15.75 Million | +3.63% |
| 2018-12-31 | $15.19 Million | +8.41% |
| 2017-12-31 | $14.02 Million | -83.46% |
| 2016-12-31 | $84.72 Million | +1.13% |
| 2015-12-31 | $83.77 Million | +524.47% |
| 2014-12-31 | $13.42 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Republic Bank of Arizona'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 889437100.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $8.89 Million | 42.10% |
| Common Stock | $21.13 Million | 100.00% |
| Other Comprehensive Income | $-1.71 Million | -8.08% |
| Total Equity | $21.13 Million | 100.00% |
Republic Bank of Arizona Competitors by Market Cap
The table below lists competitors of Republic Bank of Arizona ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Song Hong Garment JSC
VN:MSH
|
$27.24 Million |
|
Technos S.A
SA:TECN3
|
$27.25 Million |
|
Kayee International Group Co Ltd
TW:2939
|
$27.25 Million |
|
Gladiator Metals Corp
PINK:GDTRF
|
$27.26 Million |
|
SCHMID Group N.V. Warrants
NASDAQ:SHMDW
|
$27.23 Million |
|
M2i Global Inc.
OTCQB:MTWO
|
$27.22 Million |
|
352090
KQ:352090
|
$27.22 Million |
|
Installux
PA:ALLUX
|
$27.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Republic Bank of Arizona's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 18,394,188 to 21,128,000, a change of 2,733,812 (14.9%).
- Net income of 2,460,000 contributed positively to equity growth.
- Share repurchases of 435,555 reduced equity.
- New share issuances of 251,910 increased equity.
- Other comprehensive income increased equity by 369,762.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.46 Million | +11.64% |
| Share Repurchases | $435.56K | -2.06% |
| Share Issuances | $251.91K | +1.19% |
| Other Comprehensive Income | $369.76K | +1.75% |
| Other Changes | $87.69K | +0.42% |
| Total Change | $- | 14.86% |
Book Value vs Market Value Analysis
This analysis compares Republic Bank of Arizona'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: 1.87x
- 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 2.70x to 1.87x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | $7.92 | $21.35 | x |
| 2014-12-31 | $7.74 | $21.35 | x |
| 2015-12-31 | $7.59 | $21.35 | x |
| 2016-12-31 | $7.73 | $21.35 | x |
| 2017-12-31 | $8.23 | $21.35 | x |
| 2018-12-31 | $8.71 | $21.35 | x |
| 2019-12-31 | $8.72 | $21.35 | x |
| 2020-12-31 | $9.40 | $21.35 | x |
| 2021-12-31 | $9.95 | $21.35 | x |
| 2022-12-31 | $9.77 | $21.35 | x |
| 2023-12-31 | $11.42 | $21.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Republic Bank of Arizona 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): 11.64%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.92%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 12.88x
- Recent ROE (11.64%) is above the historical average (5.71%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -3.79% | -9.68% | 0.00x | 0.00x | $-1.43 Million |
| 2014 | 4.65% | 15.96% | 0.03x | 9.52x | $-592.90K |
| 2015 | 4.85% | 14.02% | 0.05x | 6.64x | $-665.90K |
| 2016 | 5.14% | 14.24% | 0.05x | 6.59x | $-639.00K |
| 2017 | 4.45% | 13.00% | 0.04x | 8.77x | $-777.50K |
| 2018 | 7.29% | 20.75% | 0.05x | 6.85x | $-412.40K |
| 2019 | 2.85% | 8.52% | 0.05x | 6.85x | $-1.13 Million |
| 2020 | 5.03% | 13.58% | 0.03x | 11.21x | $-844.20K |
| 2021 | 10.27% | 24.18% | 0.03x | 12.39x | $50.38K |
| 2022 | 10.40% | 19.67% | 0.04x | 12.94x | $73.91K |
| 2023 | 11.64% | 23.92% | 0.04x | 12.88x | $347.20K |
Industry Comparison
This section compares Republic Bank of Arizona'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 |
|---|---|---|---|---|
| Republic Bank of Arizona (RBAZ) | $22.62 Million | -3.79% | 11.52x | $27.24 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 |