First IC Corporation
As of December 1, 2025, First IC Corporation was acquired by MetroCity Bankshares, Inc. First IC Corporation operates as the bank holding company for First IC Bank that provides retail and commercial banking products and services in the United States. The company provides personal and business checking and saving account, certificates of deposit, and IRA accounts. Its loan products include small … Read more
First IC Corporation (FIEB) - Total Assets
Latest total assets as of March 2025: $1.23 Billion USD
Based on the latest financial reports, First IC Corporation (FIEB) holds total assets worth $1.23 Billion USD as of March 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
First IC Corporation - Total Assets Trend (2016–2024)
This chart illustrates how First IC Corporation’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
First IC Corporation - Asset Composition Analysis
Current Asset Composition (December 2024)
First IC Corporation's total assets of $1.23 Billion consist of 11.9% current assets and 88.1% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 11.9% |
| Accounts Receivable | $0.00 | 0.0% |
| Inventory | $0.00 | 0.0% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2016–2024)
This chart illustrates how First IC Corporation's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: First IC Corporation's current assets represent 11.9% of total assets in 2024, an increase from 9.8% in 2016.
- Cash Position: Cash and equivalents constituted 11.9% of total assets in 2024, up from 9.7% in 2016.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 0.0% of total assets, unchanged from 0.0% in 2016.
- Asset Diversification: The largest asset category is goodwill at 0.0% of total assets.
First IC Corporation Competitors by Total Assets
Key competitors of First IC Corporation based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Ping An Bank Co Ltd
SHE:000001
|
China | CN¥5.77 Trillion |
|
Bank of Ningbo Co Ltd
SHE:002142
|
China | CN¥3.58 Trillion |
|
Bank of Zhengzhou Co Ltd Class A
SHE:002936
|
China | CN¥743.55 Billion |
|
Qingdao Rural Commercial Bank Corp Class A
SHE:002958
|
China | CN¥509.92 Billion |
|
Bank of Suzhou
SHE:002966
|
China | CN¥776.04 Billion |
|
Jeju Bank
KO:006220
|
Korea | ₩7.72 Trillion |
|
Industrial Bank Of Korea
KO:024110
|
Korea | ₩490.11 Trillion |
|
Hana Financial
KO:086790
|
Korea | ₩659.08 Trillion |
First IC Corporation - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - First IC Corporation generates 0.05x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, First IC Corporation generates $ 2.07 in net profit.
First IC Corporation - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | - | - | |
| Quick Ratio | - | - | |
| Cash Ratio | - | - | |
| Working Capital | $- | - | - |
First IC Corporation - Advanced Valuation Insights
This section examines the relationship between First IC Corporation's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 1.43 |
| Latest Market Cap to Assets Ratio | 0.08 |
| Asset Growth Rate (YoY) | 3.2% |
| Total Assets | $1.19 Billion |
| Market Capitalization | $94.15 Million USD |
Valuation Analysis
Below Book Valuation: The market values First IC Corporation's assets below their book value (0.08 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: First IC Corporation's assets grew by 3.2% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for First IC Corporation (2016–2024)
The table below shows the annual total assets of First IC Corporation from 2016 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | $1.19 Billion | +3.17% |
| 2023-12-31 | $1.16 Billion | +12.38% |
| 2022-12-31 | $1.03 Billion | +9.20% |
| 2021-12-31 | $941.65 Million | +23.02% |
| 2020-12-31 | $765.44 Million | +8.56% |
| 2019-12-31 | $705.06 Million | +40.80% |
| 2018-12-31 | $500.75 Million | +23.99% |
| 2017-12-31 | $403.87 Million | +24.17% |
| 2016-12-31 | $325.27 Million | -- |