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First Seacoast Bancorp (FSEA) 10-Year Financial Performance & Capital Metrics

FSEA • • Banking & Credit
Financial ServicesRegional BanksCommunity & Regional Retail BankingNortheast Community Banks
AboutFirst Seacoast Bancorp operates as a holding company for First Seacoast Bank that provides various banking products and services for individuals and businesses. The company offers interest-bearing and non-interest-bearing checking, savings, and money market accounts; and time deposits. It also provides various lending products comprising one- to four-family residential real estate loans; commercial real estate and multi-family loans; acquisition, development, and land loans; commercial and industrial loans; home equity loans and lines of credit; and consumer loans. In addition, the company offers wealth management services, such as retirement planning, portfolio management, investment and insurance strategies, business retirement plans, and college planning services. It operates through its wealth management office located in Dover, New Hampshire; four full-service banking offices in Strafford County, New Hampshire; and one full-service banking office in Rockingham County, New Hampshire. The company was founded in 1890 and is headquartered in Dover, New Hampshire. First Seacoast Bancorp is a subsidiary of First Seacoast Bancorp, MHC.Show more
  • Net Interest Income $12M +3.5%
  • Total Revenue $27M +45.1%
  • Net Income -$513K +95.2%
  • Return on Equity -0.8% +95.7%
  • Net Interest Margin 2.01% +1.8%
  • Efficiency Ratio 49.5% -42.5%
  • ROA -0.09% +95.4%
  • Equity / Assets 10.68% -8.4%
  • Book Value per Share 14.31
  • Tangible BV/Share 14.31
  • Debt/Equity 0.84 -23.1%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Efficient operations: 49.5% efficiency ratio
  • ✓Well capitalized: 10.7% equity/assets
  • ✓Share count reduced 6.8% through buybacks
  • ✓Trading at only 0.9x book value

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y9.66%
3Y15%
TTM-

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM75.31%

EPS CAGR

10Y-
5Y-
3Y-
TTM73.01%

ROCE

10Y Avg0.19%
5Y Avg-0.21%
3Y Avg-1.66%
Latest0.01%

Peer Comparison

Northeast Community Banks
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
DCOMDime Community Bancshares, Inc.1.37B31.1356.600.1%4.5%4.02%6.79%0.70
EBCEastern Bankshares, Inc.4.4B19.5629.6491.64%11.17%1.3%6.14%0.01
LYGLloyds Banking Group plc80.5B5.4821.9210.79%11.75%9.93%1.76
CFGCitizens Financial Group, Inc.26.03B60.6120.001.31%12.22%6.6%7.22%0.51
PFSProvident Financial Services, Inc.2.65B20.2919.3263.91%10.13%7.51%16.04%0.93
CBUCommunity Bank System, Inc.3.3B62.7318.2424.44%19.4%10.34%6.71%0.57
VLYValley National Bancorp6.7B12.0217.426.51%10.65%6.53%8.18%0.50
INDBIndependent Bank Corp.3.8B76.6216.956.89%19.72%7.76%5.51%0.23

Profit & Loss

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Net Interest Income+10.66M10.9M11.41M12.56M14.24M14.74M11.27M11.67M
NII Growth %-0.02%0.05%0.1%0.13%0.04%-0.24%0.03%
Net Interest Margin %--------
Interest Income12.48M14.05M15.26M15.73M15.47M16.49M20.35M25.2M
Interest Expense1.82M3.15M3.84M3.17M1.24M1.75M9.08M13.53M
Loan Loss Provision160K0100K480K205K0188K-72K
Non-Interest Income+1.79M1.6M1.57M1.95M2.08M822K-1.96M1.49M
Non-Interest Income %--------
Total Revenue+14.26M15.65M16.82M17.68M17.55M17.31M18.39M26.68M
Revenue Growth %-0.1%0.08%0.05%-0.01%-0.01%0.06%0.45%
Non-Interest Expense10.67M11.19M13.15M12.97M12.89M16.58M15.84M13.21M
Efficiency Ratio--------
Operating Income+1.61M1.31M-268K1.05M3.22M-1.02M-6.71M14K
Operating Margin %--------
Operating Income Growth %--0.19%-1.2%4.94%2.05%-1.32%-5.61%1%
Pretax Income+1.61M1.31M-268K1.05M3.22M-1.02M-6.71M14K
Pretax Margin %--------
Income Tax+701K232.26K-189K-24K601K-451K3.94M527K
Effective Tax Rate %--------
Net Income+912K1.08M-79K1.08M2.62M-565K-10.66M-513K
Net Margin %--------
Net Income Growth %-0.18%-1.07%14.66%1.43%-1.22%-17.86%0.95%
Net Income (Continuing)912K1.08M-79K1.08M2.62M-565K-10.66M-513K
EPS (Diluted)+0.340.40-0.030.180.45-0.12-2.29-0.12
EPS Growth %-0.18%-1.07%7%1.5%-1.27%-18.08%0.95%
EPS (Basic)0.340.40-0.030.180.45-0.12-2.29-0.12
Diluted Shares Outstanding2.68M2.68M2.69M5.87M5.82M4.82M4.65M4.34M

Balance Sheet

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash & Short Term Investments+1000K1000K1000K1000K1000K1000K1000K1000K
Cash & Due from Banks10.62M12.35M6.74M8.48M7.88M9M6.07M7.1M
Short Term Investments1000K1000K1000K1000K1000K1000K1000K1000K
Total Investments+333.38M358.06M386.76M420.27M464.42M505.02M548.5M555.7M
Investments Growth %-0.07%0.08%0.09%0.11%0.09%0.09%0.01%
Long-Term Investments304.49M318.62M341.98M364.8M373.05M398.92M426.64M435.48M
Accounts Receivables1000K1000K1000K1000K1000K1000K1000K1000K
Goodwill & Intangibles+--------
Goodwill00000000
Intangible Assets00000000
PP&E (Net)5.94M5.58M5.34M5.08M4.57M4.18M4.07M754K
Other Assets8.72M9.96M9.41M7.82M8.71M17.23M10.11M15.13M
Total Current Assets40.59M52.96M52.76M65.37M100.75M117.08M130.22M129.42M
Total Non-Current Assets319.16M334.16M356.73M377.7M386.33M420.34M440.82M451.36M
Total Assets+359.75M387.11M409.49M443.06M487.07M537.42M571.03M580.78M
Asset Growth %-0.08%0.06%0.08%0.1%0.1%0.06%0.02%
Return on Assets (ROA)0%0%-0%0%0.01%-0%-0.02%-0%
Accounts Payable00000000
Total Debt+72.22M75.74M66.22M34.13M29.46M99.4M73.01M52.27M
Net Debt61.61M63.39M59.48M25.64M21.58M90.4M66.94M45.17M
Long-Term Debt65.76M75.74M66.22M34.13M29.46M99.4M73.01M52.27M
Short-Term Debt6.46M0000000
Other Liabilities6.06M4.2M4.59M22.69M3.9M6.33M26.61M12.25M
Total Current Liabilities256.02M274.45M281.62M327.38M393.24M382.36M404.8M454.21M
Total Non-Current Liabilities71.83M79.94M70.81M56.82M33.36M105.72M99.62M64.52M
Total Liabilities327.85M354.39M352.43M384.2M426.61M488.09M504.42M518.73M
Total Equity+31.9M32.73M57.07M58.86M60.47M49.34M66.62M62.05M
Equity Growth %-0.03%0.74%0.03%0.03%-0.18%0.35%-0.07%
Equity / Assets (Capital Ratio)--------
Return on Equity (ROE)0.03%0.03%-0%0.02%0.04%-0.01%-0.18%-0.01%
Book Value per Share11.9212.2321.1810.0410.3910.2414.3214.31
Tangible BV per Share--------
Common Stock32.11M33.19M61K61K62K62K52K53K
Additional Paid-in Capital0025.64M25.61M26.78M26.77M52.64M53.9M
Retained Earnings00034.19M36.81M36.25M25.6M25.08M
Accumulated OCI-214K-465K521K1.38M721K-9.73M-5.94M-7.04M
Treasury Stock000-233K-748K-1.38M-1.38M-5.08M
Preferred Stock00000000

Cash Flow

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+3.36M-672K1.06M1.42M2.42M973K-1.92M-2.95M
Operating CF Growth %--1.2%2.58%0.34%0.7%-0.6%-2.97%-0.54%
Net Income912K1.08M-79K1.08M2.62M-565K-10.66M-513K
Depreciation & Amortization560K539.54K528K576K561K522K486K384K
Deferred Taxes326K-11K-315K-337K309K-296K3.86M403K
Other Non-Cash Items87K132K766K469K369K1.76M4.42M-2.05M
Working Capital Changes1.48M-2.41M50K-455K-1.6M-955K-704K-1.96M
Cash from Investing+-31.94M-27.28M-23.13M-31.9M-43.5M-58.07M-39.49M-2.51M
Purchase of Investments-24.19M-12.95M-23.41M-36.79M-57.34M-41.45M-55.4M-37.12M
Sale/Maturity of Investments1000K1000K1000K1000K1000K1000K1000K1000K
Net Investment Activity--------
Acquisitions00000000
Other Investing-34.06M-16.07M-18.8M-22.23M-6.16M-26.39M-25.45M-1.25M
Cash from Financing+26.46M28.19M20.19M32.47M41.72M58.71M39.22M6.49M
Dividends Paid00000000
Share Repurchases000-233K-515K-629K-4K-3.7M
Stock Issued0025.1M00025.62M0
Net Stock Activity--------
Debt Issuance (Net)1000K1000K-1000K-1000K-1000K1000K-1000K-1000K
Other Financing4.49M18.21M4.61M46.6M65.09M-10.59M19.99M49.42M
Net Change in Cash+-2.12M239K-1.88M1.99M642K1.61M-2.18M1.03M
Exchange Rate Effect00000000
Cash at Beginning7.77M5.65M5.89M4.01M6M6.64M8.25M6.07M
Cash at End5.65M5.89M4.01M6M6.64M8.25M6.07M7.1M
Interest Paid1.8M3.1M3.86M3.16M1.28M1.69M8.79M13.44M
Income Taxes Paid603K085K447K386K47K56K49K
Free Cash Flow+1.97M-849K771K1.1M2.38M870K-2.26M-3.32M
FCF Growth %--1.43%1.91%0.43%1.16%-0.64%-3.6%-0.46%

Banking Ratios

Metric20172018201920202021202220232024
Return on Equity (ROE)2.86%3.34%-0.18%1.86%4.39%-1.03%-18.38%-0.8%
Return on Assets (ROA)0.25%0.29%-0.02%0.25%0.56%-0.11%-1.92%-0.09%
Net Interest Margin2.96%2.82%2.79%2.83%2.92%2.74%1.97%2.01%
Efficiency Ratio74.81%71.52%78.16%73.36%73.43%95.78%86.1%49.5%
Equity / Assets8.87%8.45%13.94%13.29%12.41%9.18%11.67%10.68%
Book Value / Share11.9212.2321.1810.0410.3910.2414.3214.31
NII Growth-2.31%4.69%10.04%13.36%3.57%-23.55%3.5%

Frequently Asked Questions

Growth & Financials

First Seacoast Bancorp (FSEA) grew revenue by 45.1% over the past year. This is strong growth.

First Seacoast Bancorp (FSEA) reported a net loss of $2.2M for fiscal year 2024.

Dividend & Returns

First Seacoast Bancorp (FSEA) has a return on equity (ROE) of -0.8%. Negative ROE indicates the company is unprofitable.

Industry Metrics

First Seacoast Bancorp (FSEA) has a net interest margin (NIM) of 2.0%. NIM has been under pressure due to interest rate environment.

First Seacoast Bancorp (FSEA) has an efficiency ratio of 49.5%. This is excellent, indicating strong cost control.

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