Washington Business Bank
Washington Business Bank, a state-chartered bank, provides various banking products and services to small and midsized businesses, and middle-income individuals primarily in western Washington. The company offers ATM/debit cards, online banking, monthly statements, merchant services, Internet bill pay services, cash and coin ordering services, drive-thru banking services, and safety deposit boxes… Read more
Washington Business Bank (WBZB) - Net Assets
Latest net assets as of June 2024: $16.62 Million USD
Based on the latest financial reports, Washington Business Bank (WBZB) has net assets worth $16.62 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 ($101.58 Million) and total liabilities ($84.96 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 | $16.62 Million |
| % of Total Assets | 16.36% |
| Annual Growth Rate | 8.09% |
| 5-Year Change | 51.27% |
| 10-Year Change | N/A |
| Growth Volatility | 3.82 |
Washington Business Bank - Net Assets Trend (2015–2023)
This chart illustrates how Washington Business Bank's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Washington Business Bank (2015–2023)
The table below shows the annual net assets of Washington Business Bank from 2015 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | $15.66 Million | +10.44% |
| 2022-12-31 | $14.18 Million | +10.41% |
| 2021-12-31 | $12.84 Million | +12.53% |
| 2020-12-31 | $11.41 Million | +10.24% |
| 2019-12-31 | $10.35 Million | +9.99% |
| 2018-12-31 | $9.41 Million | +7.99% |
| 2017-12-31 | $8.72 Million | +1.72% |
| 2016-12-31 | $8.57 Million | +1.96% |
| 2015-12-31 | $8.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Washington Business Bank'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 825900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $8.04 Million | 51.33% |
| Common Stock | $721.00K | 4.60% |
| Other Comprehensive Income | $7.62 Million | 48.67% |
| Total Equity | $15.66 Million | 100.00% |
Washington Business Bank Competitors by Market Cap
The table below lists competitors of Washington Business Bank ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TKNO4F
SA:TKNO4F
|
$345.14K |
|
Bkm Industries Limited
NSE:BKMINDST
|
$345.15K |
|
Quality Distribution Inc
NASDAQ:QLTY
|
$345.25K |
|
Maximus Resources Ltd
AU:MXR
|
$345.41K |
|
NORW ENERGY COMP
BE:CJ1
|
$345.00K |
|
Wealth Invest Metropolis GloAk
CO:WEIMGA
|
$344.97K |
|
Nordea Invest Nordic Small Cap KL 1
CO:NDINSCKL1
|
$344.80K |
|
WEIR GROUP - Dusseldorf Stock Exchang
DU:42W
|
$344.80K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Washington Business Bank's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 14,179,000 to 15,659,000, a change of 1,480,000 (10.4%).
- Net income of 1,572,000 contributed positively to equity growth.
- Share repurchases of 308,000 reduced equity.
- New share issuances of 166,000 increased equity.
- Other comprehensive income decreased equity by 92,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.57 Million | +10.04% |
| Share Repurchases | $308.00K | -1.97% |
| Share Issuances | $166.00K | +1.06% |
| Other Comprehensive Income | $-92.00K | -0.59% |
| Other Changes | $142.00K | +0.91% |
| Total Change | $- | 10.44% |
Book Value vs Market Value Analysis
This analysis compares Washington Business Bank'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: 1.71x
- 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 2.60x to 1.71x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $13.84 | $36.00 | x |
| 2020-12-31 | $15.71 | $36.00 | x |
| 2021-12-31 | $17.43 | $36.00 | x |
| 2022-12-31 | $19.10 | $36.00 | x |
| 2023-12-31 | $21.02 | $36.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Washington Business Bank 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): 10.04%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 32.17%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 6.69x
- Recent ROE (10.04%) is above the historical average (8.49%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 6.25% | 15.91% | 0.05x | 8.19x | $-315.40K |
| 2016 | 5.29% | 14.97% | 0.04x | 7.90x | $-403.90K |
| 2017 | 5.13% | 13.79% | 0.04x | 8.97x | $-424.60K |
| 2018 | 8.26% | 22.61% | 0.04x | 9.25x | $-164.20K |
| 2019 | 10.34% | 22.26% | 0.05x | 8.80x | $34.80K |
| 2020 | 11.85% | 28.24% | 0.04x | 9.49x | $210.80K |
| 2021 | 11.03% | 30.30% | 0.04x | 8.45x | $132.80K |
| 2022 | 8.26% | 25.19% | 0.05x | 6.70x | $-246.90K |
| 2023 | 10.04% | 32.17% | 0.05x | 6.69x | $6.10K |
Industry Comparison
This section compares Washington Business Bank'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 |
|---|---|---|---|---|
| Washington Business Bank (WBZB) | $16.62 Million | 6.25% | 5.11x | $345.06K |
| 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 |