OTCPK:FIBH

Stock Analysis Report

First Bancshares (Bellevue OH)

Executive Summary

First Bancshares Inc. (Bellevue, OH) operates as operates as the bank holding company for First National Bank that provides financial services to individuals and corporate customers in the United States.


Snowflake Analysis

Flawless balance sheet and good value.

Share Price & News

How has First Bancshares (Bellevue OH)'s share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FIBH has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.1%

FIBH

2.9%

US Banks

5.3%

US Market


1 Year Return

-4.9%

FIBH

-27.8%

US Banks

-10.7%

US Market

Return vs Industry: FIBH exceeded the US Banks industry which returned -26.4% over the past year.

Return vs Market: FIBH exceeded the US Market which returned -10.4% over the past year.


Shareholder returns

FIBHIndustryMarket
7 Day0.1%2.9%5.3%
30 Day-28.2%-26.3%-13.6%
90 Dayn/a-39.3%-19.8%
1 Year-1.9%-4.9%-25.6%-27.8%-8.9%-10.7%
3 Year21.3%11.9%-17.1%-23.1%15.5%8.0%
5 Year53.2%35.9%10.9%-1.7%35.2%20.4%

Price Volatility Vs. Market

How volatile is First Bancshares (Bellevue OH)'s share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is First Bancshares (Bellevue OH) undervalued compared to its fair value and its price relative to the market?

46.9%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FIBH ($38) is trading below our estimate of fair value ($71.52)

Significantly Below Fair Value: FIBH is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: FIBH is good value based on its PE Ratio (8.7x) compared to the Banks industry average (8.9x).

PE vs Market: FIBH is good value based on its PE Ratio (8.7x) compared to the US market (13.1x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FIBH's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FIBH is overvalued based on its PB Ratio (1.1x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

How is First Bancshares (Bellevue OH) forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-1.2%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as First Bancshares (Bellevue OH) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

  • Examine whether First Bancshares (Bellevue OH) is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access First Bancshares (Bellevue OH)'s filings and announcements here.
  • Explore growth companies in the Banks industry.

Past Performance

How has First Bancshares (Bellevue OH) performed over the past 5 years?

14.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FIBH has high quality earnings.

Growing Profit Margin: FIBH's current net profit margins (23.7%) are lower than last year (26.3%).


Past Earnings Growth Analysis

Earnings Trend: FIBH's earnings have grown by 14.7% per year over the past 5 years.

Accelerating Growth: FIBH's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: FIBH had negative earnings growth (-8.3%) over the past year, making it difficult to compare to the Banks industry average (10.9%).


Return on Equity

High ROE: FIBH's Return on Equity (12%) is considered low.


Next Steps

Financial Health

How is First Bancshares (Bellevue OH)'s financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: FIBH has a low level of unsold assets or inventory.

Debt Coverage by Assets: FIBH's debt is not covered by short term assets (assets are 0.5x debt).


Financial Institutions Analysis

Asset Level: FIBH's level of assets compared to its equity is moderate.

Allowance for Bad Loans: FIBH has a sufficient allowance for bad loans.

Low Risk Liabilities: FIBH's liabilities are made up of primarily low risk sources of funding.

Loan Level: FIBH has an acceptable proportion of non-loan assets held.

Low Risk Deposits: FIBH's loans are broadly funded by customer deposits.

Level of Bad Loans: FIBH has an appropriate level of bad loans (0.23%)


Next Steps

Dividend

What is First Bancshares (Bellevue OH)'s current dividend yield, its reliability and sustainability?

3.07%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FIBH's dividend (3.08%) is higher than the bottom 25% of dividend payers in the US market (1.95%).

High Dividend: FIBH's dividend (3.08%) is low compared to the top 25% of dividend payers in the US market (5.4%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, FIBH has been paying a dividend for less than 10 years.

Growing Dividend: FIBH's dividend payments have increased, but the company has only paid a dividend for 4 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (26.8%), FIBH's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

8.3yrs

Average board tenure


CEO

Dean Miller

14.17s

Tenure

Mr. Dean J. Miller has been the Chief Executive Officer and President at First Bancshares Inc. (Bellevue, OH) since 2006 and also serves at First National Bank of Bellevue. Mr. Miller has over 30 years of  ...


Board Members

NamePositionTenureCompensationOwnership
Dean Miller
President14.17yrsno datano data
Michael Winthrop
Directorno datano datano data
Duffield Milkie
Director6.25yrsno datano data
James Stouffer
Director7.25yrsno datano data
Sharon Barnes
Director12.25yrsno datano data
John Coppeler
Vice Chairman of the Boardno datano datano data
Gordon Gibbs
Director Emeritusno datano datano data
Steven Mays
Chairman of the Boardno datano datano data
Melvin Miller
Director9.25yrsno datano data
Adam Crockett
Director5.25yrsno datano data

8.3yrs

Average Tenure

Experienced Board: FIBH's board of directors are considered experienced (8.2 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

First Bancshares Inc. (Bellevue, OH)'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: First Bancshares Inc. (Bellevue, OH)
  • Ticker: FIBH
  • Exchange: OTCPK
  • Founded: 1875
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$20.456m
  • Shares outstanding: 537.62k
  • Website: https://www.fnblifetime.com

Location

  • First Bancshares Inc. (Bellevue, OH)
  • 120 North Street
  • Bellevue
  • Ohio
  • 44811
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FIBHOTCPK (Pink Sheets LLC)YesCommon StockUSUSDAug 2003

Biography

First Bancshares Inc. (Bellevue, OH) operates as operates as the bank holding company for First National Bank that provides financial services to individuals and corporate customers in the United States. It offers checking, savings, and individual retirement accounts, as well as certificates of deposit. The company also provides personal loans, such as mortgage, home equity, auto, and boat loans; and commercial loans, including commercial real estate, farm line of credit, farm real estate, farm term, line of credit, and term loans, as well as credit cards. In addition, it offers treasury management, online banking, mobile banking, and merchant services. The company operates through offices in Bellevue, Catawba, Clyde, Fremont, Port Clinton, Put-in-Bay, and Sandusky, Ohio. First Bancshares Inc. (Bellevue, OH) was founded in 1875 and is based in Bellevue, Ohio. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/01 07:51
End of Day Share Price2020/03/31 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.