FRSB Stock Overview

Operates as the bank holding for First Resource Bank that provides personal and business banking products and services to businesses and families primarily in the southeastern area of Pennsylvania. More details

FRSB fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	3/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 57% below our estimate of its fair value

Earnings grew by 5.2% over the past year

Risk Analysis

Does not have a meaningful market cap ($47M)

My Notes

Capture your thoughts, links and company narrative

First Resource Bancorp, Inc. Competitors

Eastern Michigan Financial

OTCPK:EFIN

US$45.9m

Commencement Bancorp

OTCPK:CBWA

US$48.6m

Partners Bank of California

OTCPK:PBKX

US$44.3m

Home Loan Financial

OTCPK:HLFN

US$45.4m

Price History & Performance

Summary of share price highs, lows and changes for First Resource Bancorp
Historical stock prices
Current Share Price	US$15.65
52 Week High	US$16.50
52 Week Low	US$11.90
Beta	0.41
1 Month Change	4.68%
3 Month Change	8.55%
1 Year Change	32.63%
3 Year Change	47.77%
5 Year Change	61.25%
Change since IPO	169.76%

Recent updates

Shareholder Returns

	FRSB	US Banks	US Market
7D	0.8%	-3.4%	-2.4%
1Y	32.6%	29.1%	23.3%

Return vs Industry: FRSB exceeded the US Banks industry which returned 29.1% over the past year.

Return vs Market: FRSB exceeded the US Market which returned 23.3% over the past year.

Price Volatility

Is FRSB's price volatile compared to industry and market?
FRSB volatility
FRSB Average Weekly Movement	4.6%
Banks Industry Average Movement	5.2%
Market Average Movement	6.3%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	3.1%

Stable Share Price: FRSB has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: FRSB's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2005	n/a	Lauren Ranalli	www.firstresourcebank.com

First Resource Bancorp, Inc. operates as the bank holding for First Resource Bank that provides personal and business banking products and services to businesses and families primarily in the southeastern area of Pennsylvania. The company’s offers savings, checking, and money market 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.

First Resource Bancorp, Inc. Fundamentals Summary

How do First Resource Bancorp's earnings and revenue compare to its market cap?
FRSB fundamental statistics
Market cap	US$47.04m
Earnings (TTM)	US$5.95m
Revenue (TTM)	US$20.63m

7.9x

P/E Ratio

1.0x

P/B Ratio

Is FRSB overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FRSB income statement (TTM)
Revenue	US$20.63m
Cost of Revenue	US$0
Gross Profit	US$20.63m
Other Expenses	US$14.68m
Earnings	US$5.95m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	1.98
Gross Margin	100.00%
Net Profit Margin	28.84%
Debt/Equity Ratio	98.6%

How did FRSB perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 02:41
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
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 Resource Bancorp, Inc. 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