How does FIEB's PE Ratio compare to its peers?

FIEB is good value based on its Price-To-Earnings Ratio (3.4x) compared to the peer average (8.8x).

How does FIEB's PE Ratio compare vs other companies in the US Banks Industry?

FIEB is good value based on its Price-To-Earnings Ratio (3.4x) compared to the US Banks industry average (12.5x).

What is FIEB's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate FIEB's Price-To-Earnings Fair Ratio for valuation analysis.

What is the Fair Price of FIEB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

FIEB ($9.3) is trading below our estimate of [[fair value]] ($41.66)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

FIEB Stock Overview

Operates as the bank holding company for First IC Bank that provides retail and commercial banking products and services in the United States. More details

FIEB fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	4/6
Financial Health	4/6
Dividends	2/6

Rewards

Trading at 77.7% below our estimate of its fair value

Earnings grew by 14.8% over the past year

Risk Analysis

Shares are highly illiquid

Does not have a meaningful market cap ($84M)

My Notes

Capture your thoughts, links and company narrative

First IC Corporation Competitors

Oxford Bank

OTCPK:OXBC

US$83.8m

BEO Bancorp

OTCPK:BEOB

US$93.9m

InBankshares

OTCPK:INBC

US$100.3m

Southeastern Banking

OTCPK:SEBC

US$81.8m

Price History & Performance

Summary of share price highs, lows and changes for First IC
Historical stock prices
Current Share Price	US$9.30
52 Week High	US$9.30
52 Week Low	US$6.89
Beta	0
1 Month Change	4.49%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	41.10%
5 Year Change	40.66%
Change since IPO	51.14%

Recent News & Updates

No updates

Recent updates

No updates

Shareholder Returns

	FIEB	US Banks	US Market
7D	0%	-6.3%	-4.0%
1Y	n/a	28.2%	24.0%

Return vs Industry: Insufficient data to determine how FIEB performed against the US Banks industry.

Return vs Market: Insufficient data to determine how FIEB performed against the US Market.

Price Volatility

Is FIEB's price volatile compared to industry and market?
FIEB volatility
FIEB Average Weekly Movement	n/a
Banks Industry Average Movement	5.3%
Market Average Movement	6.4%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	3.2%

Stable Share Price: FIEB's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: Insufficient data to determine FIEB's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2000	114	Dong Kim	www.firsticbank.com

First IC Corporation operates as the bank holding company for First IC Bank that provides retail and commercial banking products and services in the United States. The company provides personal and business checking and saving account, certificates of deposit, and IRA accounts. Its loan products include small business administration; commercial loans comprising real estate, construction, and business loans; personal, including installment loans; and home loans.

First IC Corporation Fundamentals Summary

How do First IC's earnings and revenue compare to its market cap?
FIEB fundamental statistics
Market cap	US$84.32m
Earnings (TTM)	US$24.57m
Revenue (TTM)	US$59.71m

3.4x

P/E Ratio

0.7x

P/B Ratio

Is FIEB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FIEB income statement (TTM)
Revenue	US$59.71m
Cost of Revenue	US$0
Gross Profit	US$59.71m
Other Expenses	US$35.15m
Earnings	US$24.57m

Last Reported Earnings

Dec 31, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	2.71
Gross Margin	100.00%
Net Profit Margin	41.14%
Debt/Equity Ratio	38.6%

How did FIEB perform over the long term?

See historical performance and comparison

Dividends

10.8%

Current Dividend Yield

n/a

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/20 02:38
End of Day Share Price	2024/12/18 00:00
Earnings	2023/12/31
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

First IC Corporation is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution