First Pacific Bancorp (FPBC) AI Stock Analysis

• Market Cap: $10.15M
• Dividend Yield: N/A
• Average Volume (3M): 280.00
• Price to Earnings (P/E): 11.4
• Beta (1Y): 0.10
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 44
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): N/A
• Shares Outstanding: 1,939,193
• 10 Day Avg. Volume: 272
• 30 Day Avg. Volume: 280
• PEG Ratio: -0.02
• Price to Book (P/B): 0.54
• Price to Sales (P/S): 0.90
• P/FCF Ratio: 13.61
• Enterprise Value/Market Cap: 5.56
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 50 Neutral
• Price Target: $5.00 ▼(-3.29% Downside)

The score is primarily driven by improving but still modest financial performance (rebound in 2024, yet low margins/ROE and somewhat volatile cash conversion). Technical indicators add pressure due to weaker longer-term trend and negative MACD, while valuation impact is neutral because P/E and dividend yield were not provided.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust demand for FPBC's offerings, suggesting a solid market position and potential for future profitability.

Cash Flow Improvement

Improving free cash flow enhances FPBC's ability to reinvest in growth opportunities and manage debt, supporting long-term financial health.

Positive Stockholders' Equity

Maintaining positive stockholders' equity indicates financial stability and the potential to withstand economic fluctuations.

Negative Factors

Net Losses

Ongoing net losses highlight challenges in cost management and operational efficiency, which could hinder long-term profitability.

Moderate Leverage

Moderate leverage poses a risk if not managed carefully, potentially impacting FPBC's financial flexibility and stability.

Operating Cash Flow Issues

Misalignment between operating cash flow and net income suggests liquidity management issues, potentially affecting operational sustainability.

First Pacific Bancorp Business Overview & Revenue Model

Company Description

First Pacific Bancorp operates as a bank holding company for First Pacific Bank that provides various financial and banking products and services. It offers deposit products, including checking, savings, money market, NOW, and individual retirement accounts, as well as certificate of deposit. The company also provides loan products, such as real estate construction, 1-4 family, commercial real estate, and commercial and industrial loans; small business administration; consumer and personal loans; home equity lines of credit; letters of credit; and business and personal credit cards. In addition, it offers cash management services and solutions, including insured cash sweep, remote deposit capture, automated clearing house, sweep accounts, wire transfers, Positive Pay, and online and mobile banking services. Further, the company provides specialty lending and financing solutions for construction and manufacturing equipment; healthcare equipment; computer hardware and software; network and phone communications systems; and office furniture, as well as bespoke solutions. The company serves small and middle-market businesses, and individuals in the Los Angeles, Orange, San Bernardino, and San Diego County areas of California. It operates branches in Whittier, Santa Fe Springs, Orange, Redlands, and San Diego, California. The company was formerly known as Friendly Hills Bancorp and changed its name to First Pacific Bancorp in September 2023. First Pacific Bancorp was founded in 2006 and is based in Whittier, California.

How the Company Makes Money

First Pacific Bancorp Financial Statement Overview

Summary

Financials show a 2024 rebound with strong revenue expansion and a return to profitability, but earnings power remains modest (net margin ~4.7%, operating margin ~6.6%) and still below prior peak levels. Leverage is moderate-to-elevated versus recent history and ROE is low (~2.8%), while cash flow is positive but has been uneven and declined in 2024.

Income Statement

Revenue has expanded strongly over time (notably from 2022–2024), and profitability recovered in 2024 after losses in 2022–2023. However, current profitability is still modest: 2024 net margin is ~4.7% and operating margin is ~6.6%, well below the stronger 2019–2020 levels, indicating earnings power is improving but not yet fully stabilized.

Balance Sheet

Leverage has increased versus earlier years: debt-to-equity moved from ~0.61 (2021) to ~1.02 (2024), though it improved from the higher ~1.96 level in 2022. Equity has grown, but returns remain low (2024 return on equity ~2.8%), suggesting the balance sheet is workable but not currently generating strong shareholder returns and is more sensitive to earnings volatility than in lower-leverage periods.

Cash Flow

Cash generation is positive and free cash flow covers net income in 2024 (free cash flow to net income ~0.93), which is supportive of earnings quality. Offsetting this, free cash flow declined in 2024 (down ~12.5%), and operating cash flow has been uneven historically (including negative operating cash flow in 2021), pointing to some volatility in underlying cash conversion.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	23.49M	20.78M	10.34M	6.35M	6.53M
Gross Profit	14.68M	13.60M	9.37M	5.79M	5.79M
EBITDA	1.93M	57.96K	-1.16M	350.12K	1.51M
Net Income	1.11M	-163.92K	-988.77K	188.53K	1.02M
Balance Sheet
Total Assets	432.97M	420.22M	366.71M	293.02M	204.21M
Cash, Cash Equivalents and Short-Term Investments	41.00M	4.31M	32.07M	65.03M	50.91M
Total Debt	40.00M	45.00M	65.00M	12.00M	20.50M
Total Liabilities	393.82M	382.84M	333.56M	273.29M	183.69M
Stockholders Equity	39.15M	37.38M	33.15M	19.73M	20.51M
Cash Flow
Free Cash Flow	1.56M	1.78M	-248.67K	-264.50K	1.37M
Operating Cash Flow	1.66M	2.34M	204.59K	-108.03K	1.43M
Investing Cash Flow	4.52M	-64.34M	-108.34M	9.08M	-18.17M
Financing Cash Flow	12.45M	52.29M	75.18M	5.15M	43.60M

First Pacific Bancorp Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 5.17
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FPBC, the sentiment is Negative. The current price of 5.17 is below the 20-day moving average (MA) of 5.18, below the 50-day MA of 5.17, and below the 200-day MA of 5.47, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 48.94 is Neutral, neither overbought nor oversold. The STOCH value of 41.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FPBC.

First Pacific Bancorp Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
KFFB	54 Neutral	$40.24M	47.71	1.11%	―	15.56%	―
FPBC	50 Neutral	$10.15M	11.36	-0.44%	―	―	―
GLBZ	44 Neutral	$13.14M	-451.49	0.09%	―	5.76%	-72.73%
SHFS	43 Neutral	$2.62M	-0.05	-229.75%	―	-42.15%	-1001.66%