OTCPK:IOFB

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Iowa First Bancshares

Executive Summary

Iowa First Bancshares Corp. operates as the bank holding company for First National Bank of Muscatine and First National Bank in Fairfield that provide various banking products and services for individuals, businesses, and governmental organizations in Iowa.


Snowflake Analysis

Adequate balance sheet with proven track record and pays a dividend.

Share Price & News

How has Iowa First Bancshares's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

0%

IOFB

-0.7%

US Banks

1.3%

US Market


1 Year Return

-34.6%

IOFB

-23.5%

US Banks

14.9%

US Market

Return vs Industry: IOFB underperformed the US Banks industry which returned -25.2% over the past year.

Return vs Market: IOFB underperformed the US Market which returned 12.5% over the past year.


Shareholder returns

IOFBIndustryMarket
7 Day0%-0.7%1.3%
30 Day-8.5%2.6%4.7%
90 Day-15.0%4.8%17.1%
1 Year-32.5%-34.6%-20.8%-23.5%17.3%14.9%
3 Year-29.9%-35.8%-15.5%-22.2%38.9%29.9%
5 Year-5.4%-18.8%8.5%-4.7%71.3%52.8%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

Is Iowa First Bancshares undervalued compared to its fair value and its price relative to the market?

9.49x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: IOFB ($27) is trading above our estimate of fair value ($26.64)

Significantly Below Fair Value: IOFB is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: IOFB's PE Ratio (9.5x) is in line with the US Banks industry average.

PE vs Market: IOFB is good value based on its PE Ratio (9.5x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: IOFB is good value based on its PB Ratio (0.6x) compared to the US Banks industry average (0.8x).


Next Steps

Future Growth

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

26.6%

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 Iowa First Bancshares 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

Past Performance

How has Iowa First Bancshares performed over the past 5 years?

-7.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: IOFB has high quality earnings.

Growing Profit Margin: IOFB's current net profit margins (19.3%) are higher than last year (15.4%).


Past Earnings Growth Analysis

Earnings Trend: IOFB's earnings have declined by 7% per year over the past 5 years.

Accelerating Growth: IOFB's earnings growth over the past year (37%) exceeds its 5-year average (-7% per year).

Earnings vs Industry: IOFB earnings growth over the past year (37%) exceeded the Banks industry -2.9%.


Return on Equity

High ROE: IOFB's Return on Equity (6.5%) is considered low.


Next Steps

Financial Health

How is Iowa First Bancshares'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


Financial Institutions Analysis

Asset Level: IOFB's Assets to Equity ratio (9.5x) is low.

Allowance for Bad Loans: IOFB has a low allowance for bad loans (44%).

Low Risk Liabilities: 96% of IOFB's liabilities are made up of primarily low risk sources of funding.

Loan Level: IOFB has an appropriate level of Loans to Assets ratio (74%).

Low Risk Deposits: IOFB's Loans to Deposits ratio (86%) is appropriate.

Level of Bad Loans: IOFB has a high level of bad loans (3.9%).


Next Steps

Dividend

What is Iowa First Bancshares's current dividend yield, its reliability and sustainability?

4.30%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: IOFB's dividend (4.3%) is higher than the bottom 25% of dividend payers in the US market (1.66%).

High Dividend: IOFB's dividend (4.3%) is low compared to the top 25% of dividend payers in the US market (4.51%).


Stability and Growth of Payments

Stable Dividend: IOFB's dividends per share have been stable in the past 10 years.

Growing Dividend: IOFB's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonably low payout ratio (40.8%), IOFB'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?

17.3yrs

Average board tenure


CEO

D. Ingstad (69 yo)

19.58yrs

Tenure

US$233,956

Compensation

Mr. D. Scott Ingstad has been the President of Iowa First Bancshares Corp. since December 1996 and Chief Executive Officer since January 2001. Mr. Ingstad has been First National Bank of Muscatine's Presid ...


Board Members

NamePositionTenureCompensationOwnership
D. Ingstad
Chairman19.58yrsUS$233.96k1.27%
$ 386.5k
Richard Shepley
Independent Director17.58yrsno data2.98%
$ 907.0k
Craig Foss
Director26.58yrsno datano data
David Housley
Independent Director21.33yrsno datano data
John McKee
Independent Director21.33yrsno datano data
Katherine Vandygriff
Independent Director9.33yrsno datano data
James Wester
Independent Director9.33yrsno datano data
Brett Nelson
Independent Director6.58yrsno datano data
Andrew Carver
Director4.58yrsno datano data

17.3yrs

Average Tenure

68yo

Average Age

Experienced Board: IOFB's board of directors are seasoned and experienced ( 17.3 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

Iowa First Bancshares Corp.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Iowa First Bancshares Corp.
  • Ticker: IOFB
  • Exchange: OTCPK
  • Founded: 1870
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$30.409m
  • Shares outstanding: 1.13m
  • Website: https://www.fnbmusc.com

Location

  • Iowa First Bancshares Corp.
  • 300 East Second Street
  • Muscatine
  • Iowa
  • 52761
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
IOFBOTCPK (Pink Sheets LLC)YesCommon StockUSUSDDec 1990

Biography

Iowa First Bancshares Corp. operates as the bank holding company for First National Bank of Muscatine and First National Bank in Fairfield that provide various banking products and services for individuals ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/02 23:57
End of Day Share Price2020/07/29 00:00
Earnings2020/06/30
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.