Thomasville Bancshares Inc
Thomasville Bancshares, Inc. operates as the bank holding company for Thomasville National Bank that provides a range of banking services to individual and corporate customers primarily in Thomas and Glynn counties, Georgia, Leon County, Florida, and the surrounding counties. The company offers checking and savings accounts; money market accounts; and certificates of deposits. It also provides co… Read more
Thomasville Bancshares Inc (THVB) - Net Assets
Latest net assets as of September 2008: $32.00 Million USD
Based on the latest financial reports, Thomasville Bancshares Inc (THVB) has net assets worth $32.00 Million USD as of September 2008.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($323.66 Million) and total liabilities ($291.66 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 | $32.00 Million |
| % of Total Assets | 9.89% |
| Annual Growth Rate | 11.41% |
| 5-Year Change | 70.41% |
| 10-Year Change | 198.16% |
| Growth Volatility | 8.34 |
Thomasville Bancshares Inc - Net Assets Trend (2005–2024)
This chart illustrates how Thomasville Bancshares 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 Thomasville Bancshares Inc (2005–2024)
The table below shows the annual net assets of Thomasville Bancshares Inc from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $175.12 Million | +15.61% |
| 2023-12-31 | $151.48 Million | +15.71% |
| 2022-12-31 | $130.92 Million | +12.89% |
| 2021-12-31 | $115.97 Million | +12.84% |
| 2020-12-31 | $102.77 Million | +11.73% |
| 2019-12-31 | $91.98 Million | +13.57% |
| 2018-12-31 | $80.99 Million | +13.10% |
| 2017-12-31 | $71.61 Million | +8.73% |
| 2016-12-31 | $65.86 Million | +12.13% |
| 2015-12-31 | $58.73 Million | +10.66% |
| 2014-12-31 | $53.08 Million | +11.99% |
| 2013-12-31 | $47.39 Million | +9.18% |
| 2012-12-31 | $43.41 Million | +45.11% |
| 2007-12-31 | $29.91 Million | +14.57% |
| 2006-12-31 | $26.11 Million | +16.16% |
| 2005-12-31 | $22.48 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thomasville Bancshares 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 1243.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $155.18 Million | 88.61% |
| Common Stock | $6.31 Million | 3.60% |
| Other Comprehensive Income | $-36.36K | -0.02% |
| Other Components | $13.67 Million | 7.80% |
| Total Equity | $175.12 Million | 100.00% |
Thomasville Bancshares Inc Competitors by Market Cap
The table below lists competitors of Thomasville Bancshares Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PRESS KOGYO CO. LTD
F:2YO
|
$337.38 Million |
|
uPI Semiconductor Corp
TW:6719
|
$337.40 Million |
|
IND.LOG.PROP.TR. DL -01
F:1QY
|
$337.40 Million |
|
Anyang Iron & Steel Inc
SHG:600569
|
$337.44 Million |
|
Granite Ridge Resources Inc
NYSE:GRNT
|
$337.28 Million |
|
Eton Pharmaceuticals Inc
NASDAQ:ETON
|
$337.18 Million |
|
Solvac S.A.
BR:SOLV
|
$337.10 Million |
|
Hoang Huy Investment Financial
VN:TCH
|
$337.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thomasville Bancshares Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 151,480,507 to 175,120,415, a change of 23,639,908 (15.6%).
- Net income of 39,270,457 contributed positively to equity growth.
- Dividend payments of 15,284,162 reduced retained earnings.
- Share repurchases of 1,605,878 reduced equity.
- New share issuances of 1,280,853 increased equity.
- Other comprehensive income decreased equity by 21,362.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $39.27 Million | +22.42% |
| Dividends Paid | $15.28 Million | -8.73% |
| Share Repurchases | $1.61 Million | -0.92% |
| Share Issuances | $1.28 Million | +0.73% |
| Other Comprehensive Income | $-21.36K | -0.01% |
| Total Change | $- | 15.61% |
Book Value vs Market Value Analysis
This analysis compares Thomasville Bancshares 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: 2.84x
- 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 20.36x to 2.84x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | $3.68 | $75.00 | x |
| 2006-12-31 | $4.29 | $75.00 | x |
| 2007-12-31 | $4.87 | $75.00 | x |
| 2012-12-31 | $6.92 | $75.00 | x |
| 2013-12-31 | $8.36 | $75.00 | x |
| 2014-12-31 | $8.20 | $75.00 | x |
| 2015-12-31 | $8.98 | $75.00 | x |
| 2016-12-31 | $10.04 | $75.00 | x |
| 2017-12-31 | $10.89 | $75.00 | x |
| 2018-12-31 | $12.29 | $75.00 | x |
| 2019-12-31 | $13.91 | $75.00 | x |
| 2020-12-31 | $15.48 | $75.00 | x |
| 2021-12-31 | $17.43 | $75.00 | x |
| 2022-12-31 | $19.63 | $75.00 | x |
| 2023-12-31 | $23.18 | $75.00 | x |
| 2024-12-31 | $26.38 | $75.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thomasville Bancshares 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): 22.42%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 43.59%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 10.80x
- Recent ROE (22.42%) is above the historical average (17.94%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 15.79% | 27.89% | 0.05x | 12.29x | $1.30 Million |
| 2006 | 16.55% | 30.21% | 0.05x | 11.46x | $1.71 Million |
| 2007 | 14.88% | 29.25% | 0.05x | 10.47x | $1.46 Million |
| 2012 | 13.16% | 25.75% | 0.04x | 11.96x | $1.37 Million |
| 2013 | 15.23% | 28.99% | 0.04x | 12.51x | $2.48 Million |
| 2014 | 15.86% | 30.07% | 0.04x | 12.25x | $3.11 Million |
| 2015 | 16.49% | 30.58% | 0.04x | 12.83x | $3.81 Million |
| 2016 | 18.03% | 32.74% | 0.05x | 11.85x | $5.29 Million |
| 2017 | 16.80% | 29.91% | 0.05x | 11.26x | $4.87 Million |
| 2018 | 20.84% | 39.12% | 0.05x | 10.87x | $8.78 Million |
| 2019 | 20.42% | 39.79% | 0.05x | 10.40x | $9.58 Million |
| 2020 | 18.87% | 39.21% | 0.04x | 11.94x | $9.11 Million |
| 2021 | 19.91% | 35.45% | 0.04x | 12.62x | $11.50 Million |
| 2022 | 19.70% | 33.80% | 0.05x | 11.75x | $12.70 Million |
| 2023 | 22.15% | 30.79% | 0.07x | 10.87x | $18.40 Million |
| 2024 | 22.42% | 43.59% | 0.05x | 10.80x | $21.76 Million |
Industry Comparison
This section compares Thomasville Bancshares 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 |
|---|---|---|---|---|
| Thomasville Bancshares Inc (THVB) | $32.00 Million | 15.79% | 9.11x | $337.36 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 |