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General information

Country: UNITED STATES

Sector: Banks — Regional

First Seacoast Bancorp is a holding company, which operates as a federally chartered subsidiary savings and loan mutual holding company of Federal Savings Bank. The company is headquartered in Dover, New Hampshire and currently employs 73 full-time employees. The Bank provides its banking services its customers in the Seacoast communities of New Hampshire. The Bank operates from its main office located in Dover, New Hampshire and four branch offices located in Barrington, Durham, Portsmouth and Rochester of New Hampshire. The Bank grants commercial real estate loans, multifamily five dwelling unit loans, commercial and industrial loans, acquisition, development and land loans, one to four family residential loans, home equity line of credit loans and consumer loans. The Bank invests in United States Government-sponsored entities bonds and mortgage-backed securities. The Bank’s primary sources of funds are deposits, principal and interest payments on loans and securities, proceeds from the sale of loans, and proceeds from maturities of securities.
Website: firstseacoastbank.com



Growth: Bad revenue growth rate 0.0%, there is slowdown compared to average historical growth rates 7.4%. The revenue growth dynamics is unstable

Profitability: LTM net profit margin is positive, +26.7%. On average the margin is decreasing unsteadily. Gross margin is low, 0.0%.

Cash Flow Generation: Dividend yield for the last twelve months 0.0%.

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 39.8% higher than minimum and 34.2% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, Net Income margin, industries and geography on average are valued 3.1x by P / Sales multiple , the company can be 13.6% overvalued

Key Financials (Download financials)

Ticker: FSEA
Share price, USD:  (0.0%)8.75
year average price 7.81  


year start price 8.77 2023-04-21

min close price 6.26 2023-11-20

max close price 9.13 2024-01-29

current price 8.75 2024-04-19
Common stocks: 6 066 000

Dividend Yield:  0.0%
P / E LTM: 13.3x
P / E annualized: 13.3x
Last revenue growth (y/y):  0.0%
Last growth of Net Income (y/y):  ---
Historical revenue growth:  7.4%
Historical growth of Net Income:  ---
P / Sales: 3.5x
Margin (Net Income LTM / Revenue): 26.7%
Fundamental value created in LTM:
Market Cap ($m): 53
Price to Book: 0.8x

Revenue and Net Income

Quarterly values ($m)

Change (y/y)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2023-12-12Seeking Alpha

Bank Buzz: 2 Value Plays With Near-Term Catalysts
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30
symbol FSEA FSEA FSEA FSEA FSEA FSEA FSEA
reportedCurrency USD USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M 2M
fillingDate 2024-03-29 2023-11-09 2023-08-11 2023-03-31 2023-03-24 2022-11-14 2022-08-12
acceptedDate 2024-03-29 09:47:22 2023-11-09 08:31:04 2023-08-11 08:31:06 2023-03-31 00:00:00 2023-03-24 08:43:40 2022-11-14 17:15:55 2022-08-12 08:31:01
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3 Q2
revenue -1M 5M 3M 4M 3M 4M 4M
costOfRevenue 0 0 0 0 0 0 0
grossProfit -1M 5M 3M 4M 3M 4M 0
grossProfitRatio 1.000 1.000 1.000 1.000 1.000 1.000 0
researchAndDevelopmentExpenses 0 0 0 0 0 0 0
generalAndAdministrativeExpenses 3M 196 000 3M 3M 4M 2M 3M
sellingAndMarketingExpenses 152 000 174 000 115 000 89 000 312 000 137 000 100 000
sellingGeneralAndAdministrativeExpenses 3M 370 000 3M 3M 4M 2M 3M
otherExpenses -7M -1M -1M -5M 8M 0 0
operatingExpenses -4M 370 000 433 000 -2M 2M 402 000 0
costAndExpenses -4M 370 000 433 000 -2M 2M 402 000 0
interestIncome 6M 314 000 5M 5M 4M 4M 4M
interestExpense 3M 3M 2M 1M 929 000 427 000 212 000
depreciationAndAmortization 122 000 122 000 124 000 118 000 121 000 130 000 135 000
ebitda -5M -1M -820 000 2M -2M 1M 593 000
ebitdaratio 4.500 -0.259 -0.250 0.479 -0.532 0.259 0.143
operatingIncome -5M -1M -820 000 2M -2M 934 000 0
operatingIncomeRatio 4.611 -0.259 -0.250 0.451 -0.570 0.228 0
totalOtherIncomeExpensesNet 0 -1M -820 000 -1M -407 000 -427 000 0
incomeBeforeTax -5M -1M -820 000 504 000 -2M 507 000 246 000
incomeBeforeTaxRatio 4.611 -0.259 -0.250 0.117 -0.698 0.124 0.059
incomeTaxExpense 5M -427 000 -280 000 40 000 -614 000 39 000 66 000
netIncome -10M -911 000 -540 000 464 000 -2M 468 000 180 000
netIncomeRatio 8.814 -0.176 -0.165 0.108 -0.505 0.114 0.043
eps 0 -0.200 -0.120 0.100 -0.280 0.080 0.030
epsdiluted 0 -0.200 -0.120 0.100 -0.280 0.080 0.030
weightedAverageShsOut 0 5M 5M 5M 6M 6M 6M
weightedAverageShsOutDil 0 5M 5M 5M 6M 6M 6M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Balance Sheet Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30
symbol FSEA FSEA FSEA FSEA FSEA FSEA FSEA
reportedCurrency USD USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M 2M
fillingDate 2024-03-29 2023-11-09 2023-08-11 2023-03-31 2023-03-24 2022-11-14 2022-08-12
acceptedDate 2024-03-29 09:47:22 2023-11-09 08:31:04 2023-08-11 08:31:06 2023-03-31 00:00:00 2023-03-24 08:43:40 2022-11-14 17:15:55 2022-08-12 08:31:01
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3 Q2
cashAndCashEquivalents 6M 7M 7M 17M 9M 8M 5M
shortTermInvestments 122M 103M 110M 108M 106M 101M 103M
cashAndShortTermInvestments 128M 110M 117M 125M 8M 108M 108M
netReceivables 2M 2M 2M 2M 2M 2M 2M
inventory 0 -9M -9M 0 0 0 0
otherCurrentAssets 0 9M 9M 0 0 0 0
totalCurrentAssets 130M 112M 119M 127M 8M 7M 0
propertyPlantEquipmentNet 4M 4M 4M 4M 4M 4M 4M
goodwill 0 0 0 0 0 0 0
intangibleAssets 0 0 350 000 0 0 0 0
goodwillAndIntangibleAssets 0 0 350 000 0 0 0 0
longTermInvestments 122M 103M 110M 108M 106M 101M 103M
taxAssets 0 0 114M 0 0 0 0
otherNonCurrentAssets -126M -107M -114M -112M 419M -105M 0
totalNonCurrentAssets 126M 107M 114M 112M 529M 105M 0
otherAssets 315M 339M 320M 309M 0 412M 510M
totalAssets 571M 557M 553M 548M 537M 524M 510M
accountPayables 0 0 0 0 0 0 0
shortTermDebt 0 42M 83M 0 0 0 0
taxPayables 640 000 2M 864 000 2M 938 000 2M 725 000
deferredRevenue 0 0 0 0 0 0 0
otherCurrentLiabilities 0 112M 114M 0 0 0 0
totalCurrentLiabilities 0 154M 197M 0 0 0 0
longTermDebt 73M 45M 86M 53M 99M 83M 64M
deferredRevenueNonCurrent 0 0 0 0 0 0 0
deferredTaxLiabilitiesNonCurrent 0 0 0 0 0 0 0
otherNonCurrentLiabilities -73M -45M -86M -53M -99M 0 0
totalNonCurrentLiabilities 73M 45M 86M 53M 99M 0 0
otherLiabilities 0 -154M -197M 0 0 476M 458M
capitalLeaseObligations 0 580 000 153 000 0 0 0 0
totalLiabilities 73M 45M 86M 53M 99M 476M 458M
preferredStock 0 0 0 0 0 0 0
commonStock 52 000 52 000 52 000 52 000 62 000 62 000 62 000
retainedEarnings 26M 35M 36M 37M 36M 38M 37M
accumulatedOtherComprehensiveIncomeLoss -6M -15M -10M -9M -10M -13M -8M
othertotalStockholdersEquity 47M 47M 47M 46M 23M 23M 23M
totalStockholdersEquity 67M 67M 73M 74M 49M 48M 52M
totalEquity 67M 67M 73M 74M 49M 48M 52M
totalLiabilitiesAndStockholdersEquity 571M 557M 553M 548M 537M 524M 510M
minorityInterest 0 0 0 0 0 0 0
totalLiabilitiesAndTotalEquity 571M 557M 553M 548M 537M 524M 510M
totalInvestments 244M 103M 110M 216M 212M 202M 207M
totalDebt 73M 45M 86M 53M 99M 83M 64M
netDebt 67M 38M 79M 36M 90M 75M 59M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Cash Flow Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30
symbol FSEA FSEA FSEA FSEA FSEA FSEA FSEA
reportedCurrency USD USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M 2M
fillingDate 2024-03-29 2023-11-09 2023-08-11 2023-03-31 2023-03-24 2022-11-14 2022-08-12
acceptedDate 2024-03-29 09:47:22 2023-11-09 08:31:04 2023-08-11 08:31:06 2023-03-31 00:00:00 2023-03-24 08:43:40 2022-11-14 17:15:55 2022-08-12 08:31:01
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3 Q2
netIncome -10M -911 000 -540 000 464 000 -2M 468 000 180 000
depreciationAndAmortization 122 000 122 000 124 000 118 000 121 000 130 000 135 000
deferredIncomeTax 5M -451 000 -287 000 18 000 -401 000 -25 000 103 000
stockBasedCompensation 190 000 198 000 152 000 135 000 122 000 130 000 129 000
changeInWorkingCapital -1M 1M -83 000 -521 000 -170 000 -2M 2M
accountsReceivables -164 000 -129 000 -99 000 86 000 -201 000 -141 000 -78 000
inventory 0 0 0 0 0 0 0
accountsPayables 0 0 0 0 0 0 0
otherWorkingCapital -941 000 1M 16 000 -607 000 31 000 -2M -21 000
otherNonCashItems 4M 344 000 271 000 -575 000 1M 204 000 250 000
netCashProvidedByOperatingActivities -1M 307 000 -363 000 -361 000 -876 000 -1M 3M
investmentsInPropertyPlantAndEquipment -26 000 -74 000 -174 000 -75 000 0 -14 000 -38 000
acquisitionsNet -2M -10M -10M 0 0 0 0
purchasesOfInvestments -49M -980 000 -5M -1M -8M -6M -12M
salesMaturitiesOfInvestments 37M 1M 1M 2M 6M 2M 746 000
otherInvestingActivites -1M 2M -1M -3M -7M -10M -5M
netCashUsedForInvestingActivites -14M -8M -15M -2M -9M -15M -16M
debtRepayment -25M -16M -32M -47M -2M 0 70M
commonStockIssued 0 0 0 26M 0 0 0
commonStockRepurchased -4000.000 0 0 0 -6000.000 0 -375 000
dividendsPaid 0 0 0 0 0 0 0
otherFinancingActivites -2M 24M 37M 32M 13M 19M -58M
netCashUsedProvidedByFinancingActivities 14M 9M 5M 11M 11M 19M 12M
effectOfForexChangesOnCash 0 0 0 0 0 0 0
netChangeInCash -1M 525 000 -10M 8M 1M 3M -1M
cashAtEndOfPeriod 6M 7M 7M 17M 8M 7M 4M
cashAtBeginningOfPeriod 7M 7M 17M 8M 7M 4M 5M
operatingCashFlow -1M 307 000 -363 000 -361 000 -876 000 -1M 3M
capitalExpenditure -26 000 -74 000 -174 000 -75 000 0 -14 000 -38 000
freeCashFlow -2M 233 000 -537 000 -436 000 -876 000 -1M 3M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Earning call transcript

Press-releases

Show financial reports only

2024-04-11 20:30 ET
First Seacoast Bancorp, Inc. Authorizes Stock Repurchase Program
2023-11-28 21:30 ET
First Seacoast Bancorp, Inc. Announces Balance Sheet Repositioning
2023-01-19 21:30 ET
First Seacoast Bancorp, Inc. Announces Closing of Conversion Transaction
2023-01-13 21:15 ET
First Seacoast Bancorp Announces Expected Closing Date of Conversion Transaction
2023-01-10 21:15 ET
First Seacoast Bancorp Announces Completion of Syndicated Community Offering
2022-12-29 21:15 ET
First Seacoast Bancorp Announces Stockholder and Member Approvals for Pending Conversion Transaction
2022-12-21 21:30 ET
First Seacoast Bancorp Increases Maximum Purchase Limits, and First Seacoast Bancorp, Inc. Commences Syndicated Community Offering
2022-11-21 13:30 ET
First Seacoast Bancorp Announces Commencement of Stock Offering in Connection with Second Step Conversion Transaction
2022-08-12 20:30 ET
First Seacoast Bancorp Announces Adoption of Plan of Conversion and Reorganization to Undertake Second Step Conversion

SEC forms

Show financial reports only

SEC form 10
2023-03-24 08:43 ET
First Seacoast Bancorp reported for 2022 q4
SEC form 10
2023-03-24 00:00 ET
First Seacoast Bancorp reported for 2022 q4
SEC form 6
2023-01-13 16:48 ET
First Seacoast Bancorp published news for 2022 q4
SEC form 6
2023-01-10 17:00 ET
First Seacoast Bancorp published news for 2022 q4
SEC form 6
2022-12-30 12:27 ET
First Seacoast Bancorp published news for 2022 q3
SEC form 6
2022-12-22 12:43 ET
First Seacoast Bancorp published news for 2022 q3
SEC form 6
2022-11-21 16:44 ET
First Seacoast Bancorp published news for 2022 q3
SEC form 6
2022-11-18 16:19 ET
First Seacoast Bancorp published news for 2022 q3
SEC form 10
2022-11-14 17:15 ET
First Seacoast Bancorp published news for 2022 q3
SEC form 10
2022-11-14 00:00 ET
First Seacoast Bancorp published news for 2022 q3
SEC form 6
2022-08-16 10:52 ET
First Seacoast Bancorp published news for 2022 q2
SEC form 10
2022-08-12 08:31 ET
First Seacoast Bancorp reported for 2022 q2
SEC form 10
2022-08-12 00:00 ET
First Seacoast Bancorp reported for 2022 q2
SEC form 6
2022-06-15 15:31 ET
First Seacoast Bancorp published news for 2022 q1
SEC form 6
2022-06-01 16:01 ET
First Seacoast Bancorp published news for 2022 q1
SEC form 10
2022-05-13 08:30 ET
First Seacoast Bancorp reported for 2022 q1
SEC form 10
2022-05-13 00:00 ET
First Seacoast Bancorp reported for 2022 q1
SEC form 6
2022-04-14 15:00 ET
First Seacoast Bancorp published news for 2022 q1
SEC form 10
2022-03-25 08:31 ET
First Seacoast Bancorp published news for 2021 q4
SEC form 10
2022-03-25 00:00 ET
First Seacoast Bancorp published news for 2021 q4
SEC form 6
2022-02-15 16:30 ET
First Seacoast Bancorp published news for 2021 q4
SEC form 10
2021-11-12 08:31 ET
First Seacoast Bancorp published news for 2021 q3
SEC form 10
2021-11-12 00:00 ET
First Seacoast Bancorp published news for 2021 q3
SEC form 6
2021-08-17 16:00 ET
First Seacoast Bancorp published news for 2021 q2
SEC form 10
2021-08-13 08:31 ET
First Seacoast Bancorp published news for 2021 q2
SEC form 10
2021-08-13 00:00 ET
First Seacoast Bancorp published news for 2021 q2
SEC form 6
2021-06-11 15:05 ET
First Seacoast Bancorp published news for 2021 q1
SEC form 6
2021-06-01 08:30 ET
First Seacoast Bancorp published news for 2021 q1
SEC form 10
2021-05-14 08:30 ET
First Seacoast Bancorp published news for 2021 q1
SEC form 10
2021-05-14 00:00 ET
First Seacoast Bancorp published news for 2021 q1
SEC form 6
2021-04-14 06:03 ET
First Seacoast Bancorp published news for 2021 q1
SEC form 10
2021-03-26 08:31 ET
First Seacoast Bancorp published news for 2020 q4
SEC form 6
2021-01-04 15:04 ET
First Seacoast Bancorp published news for 2020 q4
SEC form 10
2020-11-13 08:30 ET
First Seacoast Bancorp published news for 2020 q3