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

FSWA is expensive based on its Price-To-Earnings Ratio (51x) compared to the peer average (6.8x).

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

FSWA is expensive based on its Price-To-Earnings Ratio (51x) compared to the US Banks industry average (9.9x).

What is FSWA'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 FSWA's Price-To-Earnings Fair Ratio for valuation analysis.

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

FSWA ($6.7) is trading above our estimate of [[fair value]] ($1.73)

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.

FSWA Stock Overview

Engages in the provision of banking services for individuals, small and medium-sized businesses, not-for-profit organizations, entrepreneurs, and professional service firms in Western Washington. More details

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

Risk Analysis

Shares are highly illiquid

Does not have a meaningful market cap ($22M)

Profit margins (7.8%) are lower than last year (38.6%)

My Notes

Capture your thoughts, links and company narrative

First Sound Bank Competitors

JSB Financial

OTCPK:JFWV

US$23.2m

CNB

OTCPK:CNBZ

US$21.2m

Community Bancorp of Santa Maria

OTCPK:CYSM

US$23.7m

Security Bancorp

OTCPK:SCYT

US$25.8m

Price History & Performance

Summary of share price highs, lows and changes for First Sound Bank
Historical stock prices
Current Share Price	US$6.70
52 Week High	US$6.85
52 Week Low	US$3.66
Beta	0.22
1 Month Change	0%
3 Month Change	0%
1 Year Change	83.56%
3 Year Change	37.01%
5 Year Change	-1.33%
Change since IPO	-99.22%

Recent updates

Shareholder Returns

	FSWA	US Banks	US Market
7D	0%	-1.1%	-0.4%
1Y	83.6%	29.5%	24.8%

Return vs Industry: FSWA exceeded the US Banks industry which returned 38.7% over the past year.

Return vs Market: FSWA exceeded the US Market which returned 26.1% over the past year.

Price Volatility

Is FSWA's price volatile compared to industry and market?
FSWA volatility
FSWA Average Weekly Movement	n/a
Banks Industry Average Movement	5.2%
Market Average Movement	6.3%
10% most volatile stocks in US Market	17.0%
10% least volatile stocks in US Market	3.1%

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

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

About the Company

Founded	Employees	CEO	Website
2004	n/a	Marty Steele	www.firstsoundbank.com

First Sound Bank engages in the provision of banking services for individuals, small and medium-sized businesses, not-for-profit organizations, entrepreneurs, and professional service firms in Western Washington. It offers checking, savings, money market, and sweep accounts; and various loans comprising business loans, and commercial loans including line of credit, commercial real estate, and SBA loans, as well as export activity and foreign receivables, and investment property services; and consumer loans comprising personal loans, and ready cash and home equity line of credit. The company also provides cash management services, which includes account analysis, sweep services, zero balance accounts, remote deposit capture and sound eCapture, online information reporting, ACH transactions, wire transfers, electronic and CD statements, notices, positive pay and merchant services, ATM and courier services, debit and credit cards, armored courier, lockbox services, account alerts, stop payments, and online bill payment services.

First Sound Bank Fundamentals Summary

How do First Sound Bank's earnings and revenue compare to its market cap?
FSWA fundamental statistics
Market cap	US$21.50m
Earnings (TTM)	US$422.00k
Revenue (TTM)	US$5.40m

51.0x

P/E Ratio

1.4x

P/B Ratio

Is FSWA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FSWA income statement (TTM)
Revenue	US$5.40m
Cost of Revenue	US$0
Gross Profit	US$5.40m
Other Expenses	US$4.98m
Earnings	US$422.00k

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	0.13
Gross Margin	100.00%
Net Profit Margin	7.81%
Debt/Equity Ratio	158.5%

How did FSWA perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/05/20 06:45
End of Day Share Price	2024/05/17 00:00
Earnings	2023/09/30
Annual Earnings	2022/12/31

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 Sound Bank 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

First Sound Bank OTCPK:FSWA Stock Report