OTC · Banks - Regional

First Sound Bank (FSWA) Stock

$6.70 +0.45% OTC: FSWA Financial Services

First Sound Bank (FSWA) delivers a comprehensive suite of banking and financial services to a broad client base, ranging from individual consumers to small and mid-sized enterprises, non-profit entities, burgeoning entrepreneurs, and professional firms, primarily within the Western Washington region. Its deposit offerings encompass traditional transactional accounts like checking, savings, and money market accounts, alongside automated sweep accounts.

Valuation

MetricValue
Price$6.70
Market Cap$1.51M
P/E Ratio227.12
P/B Ratio1.40
P/S Ratio0.17
EPS (TTM)$0.03
52-Week High$6.85
52-Week Low$3.55
Dividend Yield0.00%

Financials & Margins

MetricValue
ROE0.62%
ROA0.06%
ROCE6.52%
Gross Margin100.00%
Operating Margin80.47%
Net Margin1.07%
Debt/Equity0.00
Current Ratio0.24

Annual Financials (USD)

Metric20192020202120222023
Revenue$5.0M$5.0M$6.0M$6.0M$9.0M
Operating Profit$0$0$1.0M$1.0M$7.0M
Net Profit$0$0$2.0M$1.0M$0
EPS$0.01$-0.07$0.74$0.19$0.03
Op Margin1.2%6.7%9.2%9.4%80.5%

Balance Sheet (USD)

Metric20192020202120222023
Total Assets$107.0M$150.0M$140.0M$172.0M$161.0M
Total Liabilities$93.0M$136.0M$125.0M$157.0M$146.0M
Cash$13.0M$15.0M$8.0M$15.0M$0
Borrowings$0$30.0M$15.0M$24.0M$0

Cash Flow (USD)

Metric20192020202120222023
Operating Cash Flow$0$0$0$0
Investing Cash Flow$11.0M$-41.0M$5.0M$-26.0M
Financing Cash Flow$-25.0M$42.0M$-11.0M$33.0M
Net Cash Flow$-14.0M$1.0M$-7.0M$6.0M
Free Cash Flow$0$0$0$0$0

Valuation & Return Ratios

MetricValue
PEG Ratio-2.72
EV / EBITDA
FCF Yield
Quick Ratio
Interest Coverage
Return 1Y
Return 3Y
Return 5Y

Peer Comparison

TickerPriceChangeP/EMarket CapDiv Yield
ABTOAB&T Financial Corp. $0.69 -0.01% 8.83 $1.84M 0.00%
ACBCQAlbina Community Bancorp $0.00 0.00 $1.79M 0.00%
CHWWFChesswood Group Limited $0.00 -0.55 $1.38M 0.00%
CNCPFConduit Capital Limited $0.00 -0.09 $1.60M 0.00%
CUROQCURO Group Holdings Corp. $0.04 -36.92% -0.01 $1.69M 0.00%

About First Sound Bank

First Sound Bank (FSWA) delivers a comprehensive suite of banking and financial services to a broad client base, ranging from individual consumers to small and mid-sized enterprises, non-profit entities, burgeoning entrepreneurs, and professional firms, primarily within the Western Washington region. Its deposit offerings encompass traditional transactional accounts like checking, savings, and money market accounts, alongside automated sweep accounts. For personal borrowing needs, they provide personal loans, accessible ready cash lines of credit, and home equity lines of credit. Business clients can access various commercial financing options, including operational lines of credit, commercial real estate financing, specialized loans for export activities and foreign receivables, investment property loans, Small Business Administration (SBA) loans, and bespoke cash flow solutions. Beyond lending, the bank facilitates robust cash management services and a full spectrum of international banking support, such as import/export letters of credit, standby letters of credit, documentary collections, foreign exchange services, and global remittances, drafts, and wires. A notable feature is its Sound eCapture service, enabling clients to digitally scan and transmit checks for convenient remote deposit and account posting. Additional conveniences include equipment financing, ATM, debit, and credit card services, merchant services, modern mobile and online banking platforms, and reliable courier services. The bank operates solely through its downtown Seattle, Washington, branch. Established in 2004, First Sound Bank's headquarters are also situated in Seattle, Washington.

First Sound Bank is headquartered in US.

First Sound Bank (FSWA) stock trades at $6.70 with a market capitalization of $1.51M. The stock is valued at a price-to-earnings (P/E) ratio of 227.12, price-to-book of 1.40, price-to-sales of 0.17. Over the past 52 weeks the stock has ranged between $3.55 and $6.85, and currently trades 2.2% below its 52-week high.

On profitability, First Sound Bank generates a return on equity (ROE) of 0.62%, return on capital employed of 6.52%, an operating margin of 80.47%, a net profit margin of 1.07%.

Official website: www.firstsoundbank.com

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