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FSEA

First Seacoast Bancorp

FSEA

First Seacoast Bancorp • NASDAQ
$11.82 ▼ -6.26% (-0.79)
Market Cap $55.58 M
52w High $13.00
52w Low $9.07
Dividend Yield 0%
P/E -23.64
Volume 1.66K
Outstanding Shares 4.70M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $7.392M ▲ $4.148M ▼ $390K ▲ 5.276% ▲ $0.09 ▲ $-127K ▲
Q2-2025 $7.128M ▲ $4.319M ▲ $-545K ▲ -7.646% ▲ $-0.13 ▲ $-453K ▲
Q1-2025 $6.741M ▼ $4.12M ▲ $-603K ▲ -8.945% ▲ $-0.14 ▲ $-552K ▲
Q4-2024 $6.849M ▼ $4.074M ▲ $-1.408M ▼ -20.558% ▼ $-0.32 ▼ $-620K ▼
Q3-2024 $6.879M $3.891M $44K 0.64% $0.011 $-515K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $162.093M ▲ $609.627M ▲ $546.467M ▲ $63.16M ▲
Q2-2025 $150.994M ▲ $604.84M ▲ $544.039M ▲ $60.801M ▼
Q1-2025 $91.416M ▼ $592.643M ▲ $531.417M ▲ $61.226M ▼
Q4-2024 $127.317M ▼ $580.78M ▼ $518.73M ▼ $62.05M ▼
Q3-2024 $149.521M $601.779M $535.99M $65.789M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $390K ▲ $661K ▲ $10.272M ▲ $1.928M ▼ $12.861M ▲ $640K ▲
Q2-2025 $-545K ▲ $-151K ▼ $-11.391M ▲ $12.074M ▲ $532K ▲ $-154K ▼
Q1-2025 $-603K ▲ $573K ▲ $-13.276M ▼ $11.783M ▲ $-920K ▲ $542K ▲
Q4-2024 $-1.408M ▼ $-1.766M ▼ $7.599M ▲ $-15.25M ▼ $-9.417M ▼ $-1.93M ▼
Q3-2024 $44K $289K $-5.336M $-3.81M $-8.857M $264K

Five-Year Company Overview

Income Statement

Income Statement Earnings have been choppy. Revenue has edged up over the past few years, but profits have not followed the same smooth path. The bank moved from modest profitability earlier in the period to a meaningful loss in one year, and more recently is hovering around break-even with only a slight loss. That suggests margin pressure, likely from funding costs, loan pricing, or higher operating expenses. Overall, the trend looks more like a reset and stabilization than clear growth in earnings so far.

Balance Sheet

Balance Sheet The balance sheet looks steady and conservative. Total assets have grown gradually, showing slow, measured expansion rather than aggressive growth. Equity has stayed relatively stable, which supports the picture of a well-capitalized community bank. Debt moved up and then eased back, indicating some use of borrowing but not an overly stretched position. Combined with management’s emphasis on low problem loans and strong capital, the balance sheet appears to be a relative strength.

Cash Flow

Cash Flow The reported cash-flow detail is very limited, which is common for summary data on banks and makes it hard to judge cash generation in the usual corporate way. For banks, changes in the balance sheet and loan/deposit mix often matter more than classic free cash flow measures. Given the small, volatile earnings profile, the key questions are whether the bank can sustain its dividend and growth plans from ongoing operations and deposits, rather than relying heavily on outside funding. On the surface, the steady asset and equity base suggests no obvious cash stress, but the lack of detail adds uncertainty.

Competitive Edge

Competitive Edge First Seacoast operates as a traditional community bank with deep local roots in a defined region. Its main advantages are long-standing relationships, local decision-making, and a reputation for conservative lending and strong asset quality. These help it attract and keep core deposits at relatively low cost. It does not compete on cutting-edge technology or national scale, so it faces ongoing pressure from large banks, online banks, and fintechs. Its niche is being the trusted local player that knows its customers well and can offer more personalized service than larger rivals.

Innovation and R&D

Innovation and R&D Innovation here is practical and partnership-driven rather than based on in‑house research. The bank offers modern digital banking, mobile features, and card controls that meet current customer expectations. It leans on partners for advanced solutions: point‑of‑sale and business tools via Clover, and wealth management capabilities through a specialist provider. These partnerships let it punch above its weight technologically without huge internal R&D spending. Future innovation is likely to be incremental—better digital experiences, stronger security, and expanded business services—rather than disruptive new products.

Summary

First Seacoast Bancorp is a small, community-focused bank with a cautious balance sheet and a mixed earnings history. Its core strengths are local brand, customer relationships, conservative credit culture, and adequate capitalization. Earnings volatility and a recent loss year highlight sensitivity to interest rates, costs, and scale, and they underline that profit growth is not yet on a clear upward path. The bank is keeping up with technology mainly through partners, which helps it remain competitive without large R&D budgets. Overall, this looks like a steady, locally anchored institution where the story is about gradual, community-based growth and disciplined risk management, rather than rapid expansion or major technological disruption.