First Seacoast Bancorp, Inc. FSEA
First Seacoast Bancorp, Inc.
First Seacoast Bancorp, Inc. (together with its bank subsidiary, unless the context otherwise requires, the "Company") is the savings and loan holding company for First Seacoast Bank (the "Bank"). The Company conducts its operations primarily through its wholly-owned subsidiary, First Seacoast Bank.
The Company is the successor to First Seacoast Bancorp (a federal corporation). Effective January 19, 2023, the Company succeeded First Seacoast Bancorp (a federal corporation) as the holding company for First Seacoast Bank in connection with the conversion of First Seacoast Bancorp, MHC, the former federal mutual holding company for First Seacoast Bank, from mutual to stock form. At December 31, 2025, the Company had total consolidated assets of $599.3 million, loans of $419.5 million, deposits of $470.8 million and stockholders' equity of $63.5 million.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $27.0M | $25.4M | $20.6M | $16.6M | $15.5M | — |
| Interest expense | $13.7M | $11.9M | $11.5M | $1.7M | $1.2M | — |
| Pre-tax income | -$1.5M | $14.0K | -$6.7M | -$1.0M | $3.2M | — |
| Income tax | $638.0K | $527.0K | $3.9M | $451.0K | $601.0K | — |
| Net income | -$845.0K | -$513.0K | -$10.7M | -$565.0K | $2.6M | — |
| EPS, basic | -0.23 | -0.12 | -2.29 | -0.12 | 0.45 | — |
| EPS, diluted | -0.23 | -0.12 | -2.29 | -0.12 | 0.45 | — |
| Shares, diluted (wtd. avg.) | $3.7M | $4.3M | $4.7M | $4.8M | $5.8M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $13.4M | $7.1M | $6.1M | $8.2M | $6.6M | — |
| Property, plant and equipment | $589.0K | $754.0K | $4.1M | $4.2M | $4.6M | — |
| Total assets | $599.3M | $580.8M | $571.0M | $537.4M | $487.1M | — |
| Total liabilities | $535.7M | $518.7M | $504.4M | $488.1M | $426.6M | — |
| Retained earnings | $24.2M | $25.1M | $25.6M | $36.2M | $36.8M | — |
| Total equity | $63.5M | $62.0M | $66.6M | $49.3M | $60.5M | $58.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | $449.0K | -$2.9M | -$1.9M | $973.0K | $2.4M | — |
| Depreciation and amortisation | $317.0K | $384.0K | $486.0K | $522.0K | $561.0K | — |
| Stock-based compensation | — | — | $399.0K | $387.0K | — | — |
| Capital expenditure | $120.0K | $368.0K | $349.0K | $103.0K | $36.0K | — |
| Investing cash flow | -$9.9M | -$2.5M | -$39.5M | -$58.1M | -$43.5M | — |
| Financing cash flow | $15.7M | $6.5M | $39.2M | $58.7M | $41.7M | — |
| Buybacks | $981.0K | $3.7M | $4.0K | $629.0K | $515.0K | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-196077.
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