First Seacoast Bancorp, Inc.
Description
First Seacoast Bancorp, Inc. operates as the holding company for First Seacoast Bank that provides commercial and consumer banking services for individuals and businesses. The company offers interest-bearing and non-interest-bearing checking, savings, and money market accounts, as well as time deposits. It also provides various lending products comprising one- to four-family residential real estate loans; commercial real estate and multi-family real estate loans; acquisition, development, and land loans; commercial and industrial loans; and home equity loans and lines of credit, as well as 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. The company was founded in 1890 and is headquartered in Dover, New Hampshire. First Seacoast Bancorp, Inc. is a subsidiary of First Seacoast Bancorp, MHC.
About
CEO
Mr. James R. Brannen
Employees
76
Instrument type
Common Stock
Sector
Financial Services
Industry
Banks - Regional
MIC code
XNCM
Address
633 Central Avenue, Dover, NH 03820, United States
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Oscillators
No data available
Summary
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Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 6, 2025 | — | — | — | — |
| Aug 7, 2025 | — | — | — | — |
| May 8, 2025 | — | — | — | — |
| Mar 27, 2025 | — | — | — | — |
| May 12, 2023 | — | 0.10 | — | — |
Earnings estimate
| Number of analysts | — | — | — | — |
|---|---|---|---|---|
| Average estimate | — | — | — | — |
| Low estimate | — | — | — | — |
| High estimate | — | — | — | — |
| Last year EPS | — | — | — | — |
[stock_revenue_estimate]
Growth estimates
Current qtr
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Next qtr.
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Current year
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Next year
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Next 5 years (per annum)
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Past 5 years (per annum)
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Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 9.31M | 15.57M | 16.31M | 14.50M | 12.98M |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 10.79M | 11.75M | 8.58M | 8.82M | 8.73M |
| Other operating expenses | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | — | — | — |
| Other income expense | — | — | — | — | — |
| Pretax income | -6.71M | -1.02M | 3.22M | 1.06M | -268,000 |
| Tax provision | 3.94M | -451,000 | 601,000 | -24,000 | -189,000 |
| Net income | -10.66M | -565,000 | 2.62M | 1.08M | -79,000 |
| Basic EPS | -2.29 | -0.12 | 0.45 | 0.18 | -0.03 |
| Diluted EPS | -2.29 | -0.12 | 0.45 | 0.18 | -0.03 |
| Basic average shares | 4.65M | 4.82M | 5.82M | 5.87M | 2.69M |
| Diluted average shares | 4.65M | 4.82M | 5.82M | 5.87M | 2.69M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | -10.66M | -565,000 | 2.62M | 1.08M | -79,000 |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | 6.07M | 8.25M | 6.64M | 6.00M | 4.01M |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 6.07M | 9.00M | 7.88M | 8.48M | 6.74M |
| Other short term investments | 121.85M | 106.10M | 91.37M | 55.47M | 44.79M |
| Accounts receivable | 2.29M | 1.99M | 1.50M | 1.41M | 1.24M |
| Other receivables | — | — | — | — | — |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | — | — | — | — | — |
| Land and improvements | 995,000 | 995,000 | 995,000 | 995,000 | 995,000 |
| Machinery furniture equipment | 4.36M | 4.53M | 4.44M | 4.40M | 4.09M |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | 3.81M |
| Accumulated depreciation | -8.28M | -8.34M | -7.85M | -7.31M | -6.73M |
| Goodwill | — | — | — | — | — |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | 121.85M | 106.10M | 91.37M | 55.47M | 44.79M |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | — | — | — | — | — |
| Accrued expenses | — | — | — | — | — |
| Short term debt | — | — | — | — | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | 640,000 | 938,000 | 652,000 | 1.42M | 586,000 |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 73.01M | 99.40M | 29.46M | 34.13M | 66.22M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 52,000 | 62,000 | 62,000 | 61,000 | 61,000 |
| Retained earnings | 25.60M | 36.25M | 36.81M | 34.19M | — |
| Other shareholders equity | -5.94M | -9.73M | 721,000 | 1.38M | 521,000 |
| Total shareholders equity | 66.62M | 49.34M | 60.47M | 58.86M | 57.07M |
| Additional paid in capital | 52.64M | 26.77M | 26.78M | 25.61M | 25.64M |
| Treasury stock | 1.38M | 1.38M | 748,000 | 233,000 | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | -10.66M | -565,000 | 2.62M | 1.08M | -79,000 | 1.08M | 912,000 |
| Depreciation | 486,000 | 522,000 | 561,000 | 576,000 | 528,000 | 539,000 | 560,000 |
| Deferred Taxes | 3.86M | -296,000 | 309,000 | -337,000 | -315,000 | -11,000 | 326,000 |
| Stock-Based Compensation | 675,000 | 511,000 | 161,000 | 89,000 | 109,000 | — | — |
| Other Non-Cash Items | 7,000 | 2,000 | 130,000 | 323,000 | 697,000 | 32,000 | 82,000 |
| Accounts Receivable | -306,000 | -489,000 | -87,000 | -177,000 | -71,000 | -86,000 | -156,000 |
| Accounts Payable | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -456,000 | 232,000 | -630,000 | -689,000 | 251,000 | -2.01M | 1.43M |
| Operating Cash Flow | -6.39M | -83,000 | 3.07M | 864,000 | 1.12M | -452,000 | 3.15M |
| Investing Activities | |||||||
| Capital Expenditures | -349,000 | -103,000 | -36,000 | -316,000 | -288,000 | -177,000 | -1.40M |
| Net Intangibles | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — | — | — |
| Purchase of Investments | -55.40M | -41.45M | -57.34M | -36.79M | -23.41M | -12.95M | -24.19M |
| Sale of Investments | 41.71M | 9.87M | 20.04M | 27.43M | 19.36M | 1.93M | 27.71M |
| Investing Cash Flow | -13.52M | -33.50M | -37.23M | -8.50M | -3.58M | -11.74M | 1.28M |
| Financing Activities | |||||||
| Long-Term Debt Issuance | 95.00M | 468,000 | 15.43M | 21.11M | 19.05M | — | 10.26M |
| Long-Term Debt Payments | -40.00M | -2.26M | -38.29M | -75.81M | -245.32M | -75.50M | -39.80M |
| Other Financing Charges | -198,000 | 286,000 | -768,000 | 834,000 | -175,000 | -207,000 | 17,000 |
| Financing Cash Flow | 19.03M | 69.59M | -42.43M | -60.72M | -229.91M | -53.73M | -11.82M |
| Other Cash Details | |||||||
| End Cash Position | 6.07M | 8.25M | 6.64M | 6.00M | 4.01M | 5.89M | 5.65M |
| Income Tax Paid | 56,000 | 47,000 | 386,000 | 447,000 | 85,000 | — | 603,000 |
| Interest Paid | 8.79M | 1.69M | 1.28M | 3.16M | 3.86M | 3.10M | 1.80M |
| Free Cash Flow | -2.26M | 870,000 | 2.39M | 1.11M | 771,000 | -849,000 | 1.97M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 143,594 | 1.50M | 3.06% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 62,608 | 652,375 | 1.33% |
| Fidelity Extended Market Index Fund | Nov 30, 2024 | 19,609 | 204,325 | 0.42% |
| iShares Micro Cap ETF | Nov 30, 2024 | 10,053 | 104,752 | 0.21% |
| Fidelity Total Market Index Fund | Nov 30, 2024 | 7,736 | 80,609 | 0.16% |
| Fidelity Series Total Market Index Fund | Nov 30, 2024 | 4,810 | 50,120 | 0.10% |
| Schwab Capital Trust-Total Stock Market Index Fund | Oct 31, 2024 | 3,389 | 35,313 | 0.07% |
| John Hancock Var Ins Tr-Total Stock Market Index Tr | Sep 30, 2024 | 2,112 | 22,007 | 0.04% |
| DFA U.S. Vector Equity Portfolio | Oct 31, 2024 | 822 | 8,565 | 0.02% |
| EQ Advisors Trust-1290 VT Micro Cap Port | Sep 30, 2024 | 871 | 9,075 | 0.02% |
Article
First Seacoast Bancorp, Inc. Authorizes Additional Share Repurchases Under Ongoing Stock Repurchase Program
DOVER, N.H.--(BUSINESS WIRE)--First Seacoast Bancorp, Inc. (the “Company”) (Nasdaq Capital Market: FSEA), the holding company for First Seacoast Bank, announced today it has authorized additional share repurchases, up to an additional 228,858 shares of common stock, under its ongoing stock repurchase program. Previously announced in April 2024, the original repurchase authorization encompassed 507,707 shares of common stock, representing approximately 10% of the then outstanding shares. To date.
Dec 12, 2024
Article
First Seacoast Bank Completes Sale-Leaseback Transaction with MountainSeed Real Estate Services, LLC
DOVER, N.H. & ATLANTA--(BUSINESS WIRE)--Effective June 11, 2024, First Seacoast Bank, the wholly-owned subsidiary of First Seacoast Bancorp, Inc. (Nasdaq: "FSEA"), completed its previously announced sale-leaseback transaction with MountainSeed Real Estate Services, LLC, a Georgia limited liability company ("MountainSeed").
Jun 17, 2024
Article
First Seacoast Bancorp, Inc. Authorizes Stock Repurchase Program
DOVER, N.H.--(BUSINESS WIRE)--First Seacoast Bancorp, Inc. (the “Company”) (Nasdaq Capital Market: FSEA), the holding company for First Seacoast Bank, announced today it has authorized a stock repurchase program for up to 507,707 shares of common stock, representing approximately 10% of shares currently outstanding, to be effective as soon as practicable after the Company files its Quarterly Report on Form 10-Q for the period ending March 31, 2024, with the Securities and Exchange Commission (t.
Apr 11, 2024
