First Resource Bank (FRSB) AI Stock Analysis

• Market Cap: $45.74M
• Dividend Yield: N/A
• Average Volume (3M): 821.00
• Price to Earnings (P/E): 7.9
• Beta (1Y): 0.24
• Revenue Growth: 20.10%
• EPS Growth: -3.38%
• Country: US
• Employees: 15
• Sector: Financial
• Sector Strength: 85
• Industry: Banks - Regional
• EPS (TTM): 1.87
• Shares Outstanding: 3,085,612
• 10 Day Avg. Volume: 1,661
• 30 Day Avg. Volume: 821
• PEG Ratio: 6.98
• Price to Book (P/B): 0.88
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0

First Resource Bank demonstrates strong financial performance with consistent revenue growth and effective leverage management, though profitability margins have declined. The stock's technical indicators suggest it may be overbought, but the low P/E ratio points to undervaluation, presenting a potential opportunity. Overall, the bank's stable financial position and attractive valuation are offset by technical concerns and margin pressures.

First Resource Bank Business Overview & Revenue Model

Company Description

First Resources Bancorp, Inc. operates as the bank holding for First Resource Bank that provides personal and business banking products and services to businesses and personal primarily in the southeastern area of Pennsylvania. The company's deposit products include checking, money market, and escrow accounts, as well as certificate deposit account registry services, insured cash sweeps, certificates of deposit, and IRAs. Its loan products include commercial mortgages, construction loans, working capital credit lines, small business administration loans, commercial term loans, home equity lines of credit, fixed payment home equity loans, residential construction loans, land loans, overdraft protection, vehicle loans, unsecured installment loans, certificate of deposit secured installment loans, and swing loans. The company also provides credit and debit cards; and cash management, positive pay, ACH origination, sweep/transfer, ATM, over the counter checks, bill payment, wire transfer, guarantee/notary, safe deposit box, drive-up banking, night depository, foreign currency exchange, cashier's check, and stop payments, as well as telephone, text, online, and mobile banking services. It operates three full-service branches serving the banking needs of businesses, professionals, and individuals in the Delaware Valley. The company was founded in 2005 and is based in Exton, Pennsylvania.

How the Company Makes Money

First Resource Bank makes money through a variety of revenue streams, primarily through interest income generated from loans and credit products it issues to customers. The bank earns interest on mortgage loans, personal loans, and commercial loans. Additionally, FRSB generates non-interest income from fees associated with account maintenance, transaction processing, and other banking services. The bank may also earn revenue through investments in securities and other financial instruments. Significant partnerships with local businesses and community organizations can enhance the bank's earnings by expanding its customer base and increasing transaction volumes.

First Resource Bank Financial Statement Overview

Summary

First Resource Bank exhibits strong revenue growth and profitability, supported by effective cost management and operational efficiency. The debt-to-equity ratio is balanced, though the equity ratio suggests room for strengthening capital cushion. Cash flows are robust, with efficient cash earnings conversion and improved free cash flow.

Income Statement

First Resource Bank has demonstrated robust revenue growth with a 64.97% increase from the previous year. The gross profit margin is strong at 135.58%, indicating effective cost management. The net profit margin is 19.50%, reflecting healthy profitability. EBIT and EBITDA margins are also solid at 66.29% and 98.62%, respectively, underscoring operational efficiency.

Balance Sheet

The bank maintains a stable financial position with a debt-to-equity ratio of 1.09, showing a balanced approach to leveraging. Return on equity stands at 12.85%, indicating decent returns for shareholders. The equity ratio is 7.66%, reflecting a conservative capital structure typical of the banking industry, although lower than ideal for capital cushion.

Cash Flow

Operating cash flow to net income ratio is 0.95, indicating efficient conversion of earnings to cash flow. Free cash flow growth rate is slightly positive at 15.72%, showing improved cash generation capabilities. The free cash flow to net income ratio of 0.92 suggests good cash earnings alignment.

Breakdown
TTM	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
Income Statement		Total Revenue
31.58M	30.38M	18.42M	16.34M	13.75M	11.98M
	Gross Profit
31.58M	41.20M	18.42M	16.34M	13.75M	11.98M
	EBIT
18.90M	20.14M	10.43M	5.21M	4.05M	2.87M
	EBITDA
4.72M	29.97M	7.48M	5.66M	4.49M	3.25M
	Net Income Common Stockholders
5.89M	5.93M	5.63M	4.17M	3.25M	2.32M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
2.62M	23.82M	31.47M	54.50M	60.89M	33.28M
	Total Assets
149.72M	602.62M	516.72M	469.06M	424.43M	336.42M
	Total Debt
5.32M	50.51M	42.69M	30.23M	32.15M	35.94M
	Net Debt
2.70M	26.59M	36.99M	19.59M	5.54M	32.82M
	Total Liabilities
5.32M	556.48M	476.63M	433.51M	392.98M	308.44M
	Stockholders Equity
16.28M	46.14M	40.10M	35.55M	31.46M	27.98M
Cash Flow		Free Cash Flow
0.00	5.45M	4.71M	3.86M	1.94M	1.11M
	Operating Cash Flow
0.00	5.62M	5.02M	4.00M	2.09M	3.51M
	Investing Cash Flow
0.00	-63.65M	-53.49M	-59.58M	-63.11M	-36.84M
	Financing Cash Flow
0.00	76.25M	43.52M	40.12M	84.51M	30.11M

First Resource Bank Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 14.82
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FRSB, the sentiment is Positive. The current price of 14.82 is above the 20-day moving average (MA) of 14.59, above the 50-day MA of 14.33, and above the 200-day MA of 14.60, indicating a bullish trend. The MACD of 0.15 indicates Negative momentum. The RSI at 67.17 is Neutral, neither overbought nor oversold. The STOCH value of 42.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FRSB.

First Resource Bank Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OPHC	77 Outperform	$54.41M	3.48	15.30%	―	43.98%	37.57%
HFBL	76 Outperform	$40.63M	11.95	6.24%	4.00%	-2.69%	-21.26%
FRSB	70 Outperform	$45.74M	7.89	11.39%	―	20.10%	-3.38%
Sector *	64 Neutral	$12.74B	9.83	7.63%	17000.35%	12.34%	-5.32%
CLST	57 Neutral	$49.07M	21.42	2.70%	―	152.27%	―
TCBS	48 Neutral	$47.77M	23.44	3.88%	1.02%	19.16%	―