FineMark Holdings, Inc. Reports Full Year and Fourth Quarter 2022 Earnings
FineMark Holdings, Inc. Reports Full Year and Fourth Quarter 2022 Earnings
FORT MYERS, FL / ACCESSWIRE / January 18, 2023 / FineMark Holdings, Inc. (the "Holding Company"; OTCQX:FNBT) company of FineMark National Bank & Trust (the "Bank"; collectively, "FineMark"), today reported net revenues of $102.6 million for the year ended December 31, 2022, compared to $94.6 million in 2021. Net income for 2022 was $22.4 million, or $1.89 per diluted share, compared to $25 million, or $2.39 per diluted share, reported for 2021. For the fourth quarter of 2022 net revenues were $23.1 million, compared to $25.8 million in the fourth quarter of 2021. Net income was $3.1 million, or $.26 per diluted shares, compared with net income of $7 million, or $.59 per diluted share, for the same period a year ago.
佛羅裏達州邁爾斯堡/ACCESSWIRE/2023年1月18日/FineMark National Bank&Trust(以下簡稱“銀行”；統稱為“FineMark”)旗下的FineMark控股公司(“控股公司”；OTCQX：FNBT)今天公佈，截至2022年12月31日的一年的淨收入為1.026億美元，而2021年為9460萬美元。2022年的淨收入為2240萬美元，或每股稀釋後收益1.89美元，而2021年報告的淨收益為2500萬美元，或每股稀釋後收益2.39美元。2022年第四季度的淨收入為2310萬美元，而2021年第四季度為2580萬美元。淨收益為310萬美元，或每股稀釋後收益0.26美元，而去年同期的淨收益為700萬美元，或每股稀釋後收益0.59美元。
Joseph R. Catti, Chairman & Chief Executive Officer:
董事長兼首席執行官約瑟夫·R·卡蒂：
"The most significant drivers of FineMark's success are the extraordinary talents of our associates, the strength of our balance sheet, and an unwavering commitment to our culture of service. In 2022, our associates exceeded expectations, overcoming difficult market conditions and a massive hurricane, on the heels of the COVID pandemic.
FineMark成功的最重要驅動力是我們員工的非凡才華、我們資產負債表的實力以及對我們服務文化的堅定不移的承諾。2022年，我們的員工克服了困難的市場條件和緊隨COVID疫情之後的大規模颶風，超出了預期。
Hurricane Ian caused unimaginable damage and inflicted hardships, particularly on the communities and people in Southwest Florida, where FineMark has a significant presence. I have been deeply inspired by the work of our associates in helping each other and the broader community in the aftermath of the storm.
颶風伊恩造成了難以想象的破壞和困難，特別是對FineMark在佛羅裏達州西南部的社區和人民造成的影響。我被我們的同事在風暴過後相互幫助和更廣泛的社區所做的工作深深地鼓舞了。
On the financial front, the twin shocks of inflation and rising interest rates have rocked the equity and bond markets, resulting in the worst annual performance of bonds since inception of the Bloomberg Bond index in 1976 and U.S. stock markets since 2008.
在金融方面，通脹和利率上升的雙重衝擊撼動了股票和債券市場，導致債券的年度表現創下自1976年彭博債券指數(Bloomberg Bond Index)成立以來的最差水平，以及自2008年以來美國股市的最差表現。
After a period of difficulties such as this, we assess our performance based on how well we have risen to the challenges, and I am proud of what was accomplished in 2022."
在經歷了這樣一段時間的困難之後，我們根據我們應對挑戰的能力來評估我們的表現，我為2022年所取得的成就感到自豪。
Financial highlights for full-year and fourth quarter 2022 on a year-over-year basis include:
與去年同期相比，2022年全年和第四季度的財務重點包括：
- Net interest income increased to $69.9 in 2022 from $64.7 million for 2021. For the fourth quarter of 2022, net interest income totaled $15.9 million compared to $17.2 for the fourth quarter of 2021, due in part to the significant rise in interest rates.
- Despite rising interest rates, loan production totaled $754 million for the year and $236 million for the fourth quarter, compared to $934 million in 2021 and $205 million in the fourth quarter of 2021.
- Net loans grew 12% year-over-year, increasing from just under $2 billion in 2021 to $2.23 billion in 2022.
- Deposits increased 3% to $2.8 billion, despite moving approximately $370 million from deposit accounts into Treasuries.
- Trust fees remained flat year-over-year at $26.6 million despite double digit declines in the S&P, Nasdaq and bond market. For the fourth quarter 2022, trust fees were $6.4 million compared to $7 million in the fourth quarter of 2021.
- Net asset inflows from new and existing trust clients reached $705 million during 2022, a 21% increase compared to $583 million in 2021. The fourth quarter of 2022 represented a 31% increase with net asset inflows of $237 million compared to $181 million in the fourth quarter of 2021.
- Asset quality remains pristine, with non-performing loans to total loans at .03%, down from an already low .04%. Additionally, the Bank's criticized assets decreased to $2.8 million at the end of 2022, from $15.4 million in 2021, which is a testament to the relationships we build with clients and the Bank's conservative credit culture.
- The Bank added 1,247 new client households in 2022 (including 263 new investment relationships), compared to 1,186 new client households in 2021.
- FineMark's Sports Management division welcomed 20 new professional athletes in 2022, bringing the total to 228.
- 淨利息收入從2021年的6470萬美元增加到2022年的69.9美元。2022年第四季度，淨利息收入總計1590萬美元，而2021年第四季度為1720萬美元，部分原因是利率大幅上升。
- 儘管利率上升，今年的貸款總額為7.54億美元，第四季度為2.36億美元，而2021年為9.34億美元，2021年第四季度為2.05億美元。
- 淨貸款同比增長12%，從2021年的略低於20億美元增加到2022年的22.3億美元。
- 存款增加3%，至28億美元，儘管約有3.7億美元從存款賬户轉移到美國國債。
- 信託費用同比持平，為2,660萬美元，儘管標準普爾、納斯達克和債券市場的信託費用出現了兩位數的下降。2022年第四季度，信託費用為640萬美元，而2021年第四季度為700萬美元。
- 2022年，新的和現有信託客户的淨資產流入達到7.05億美元，與2021年的5.83億美元相比增長了21%。與2021年第四季度的1.81億美元相比，2022年第四季度的淨資產流入為2.37億美元，增長了31%。
- 資產質量保持不變，不良貸款佔總貸款的比例為0.03%，低於已經很低的0.04%。此外，銀行受到批評的資產從2021年的1540萬美元減少到2022年底的280萬美元，這證明瞭我們與客户建立的關係和銀行保守的信貸文化。
- 世行在2022年增加了1247個新的客户家庭(包括263個新的投資關係)，而2021年新增了1186個客户家庭。
- FineMark的體育管理部門在2022年迎來了20名新的職業運動員，使總數達到228名。
The dramatic rate increases in 2022, as the Fed continued attempts to stem inflation, created unanticipated challenges for the year. The federal funds rate increased much more rapidly than in past cycles of monetary tightening and took a toll on earnings, as the cost of funding rose dramatically.
隨着美聯儲繼續努力遏制通脹，2022年大幅加息為今年帶來了意想不到的挑戰。隨着融資成本的大幅上升，聯邦基金利率的增長速度比以往的貨幣緊縮週期快得多，並對收益造成了影響。
This rapid rise in interest rates adversely impacted FineMark through the Bank's sweep accounts. Each night, investment clients' cash is automatically transferred into a higher yielding bank money market account. The interest rate for sweep accounts rose from 0.10% in January to 4.14% in December. In addition to the higher costs on these accounts, approximately $370 million was moved from deposits held at the Bank to Treasuries in the Bank's investment area, providing a higher yield to clients. The deposits were replaced, in part, by overnight borrowings from the Federal Reserve at the Fed Funds rate, which rose from 0.07% at the start of 2022 to 4.3% in December. These two sources contributed to reduced earnings in 2022.
利率的快速上升通過銀行的清掃賬户對FineMark產生了不利影響。每天晚上，投資客户的現金都會自動轉入收益率更高的銀行貨幣市場賬户。掃碼户口利率由1月的0.10%升至12月的4.14%。除了這些賬户的成本較高外，大約3.7億美元從銀行的存款轉移到銀行投資領域的國債，為客户提供了更高的收益。部分存款被美聯儲以聯邦基金利率的隔夜借款取代，聯邦基金利率從2022年初的0.07%上升到12月的4.3%。這兩個來源導致了2022年收入的減少。
The overall decline in value of both stocks and bonds, has also reduced asset-based fee income. Having these two asset classes fall so much over the same period is highly unusual. Looking at calendar year returns for the S&P 500 and 10-year Treasury bonds over the last 95 years, 2022 is an outlier in terms of such negative returns for both stocks and bonds.
股票和債券的整體價值下降，也減少了基於資產的費用收入。這兩個資產類別在同一時期出現如此大的跌幅是極不尋常的。看看過去95年標準普爾500指數和10年期美國國債的歷年回報，從股票和債券的負回報來看，2022年是一個異常值。
Net Interest Income & Margin
淨利息收入和利潤率
For the year ended December 31, 2022, net interest income totaled $69.9 million, 8% higher than 2021. For the fourth quarter of 2022, FineMark's net interest income totaled $15.9 million, down 7% from fourth quarter 2021. Between March and October 2022, rates increased five times totaling 300 basis points. As a result, the fourth quarter bore the weight of those increases, plus two additional rate hikes to end the year.
截至2022年12月31日的一年，淨利息收入總計6,990萬美元，比2021年高出8%。2022年第四季度，FineMark的淨利息收入總計1590萬美元，比2021年第四季度下降了7%。在2022年3月至10月期間，利率五次上調，總計300個基點。因此，第四季度承受了這些增長的壓力，外加年底的兩次額外加息。
The rising rates in the fourth quarter increased interest expense and, to a lesser degree, higher loan yields offset the rising cost of deposits and overnight borrowings. The Bank's net interest margin decreased to 2.11% in 2022, down from 2.24% in 2021. The net interest margin also decreased for the fourth quarter of 2022, coming in at 1.90% compared to 2.24% in the fourth quarter of 2021. Approximately 25% of total loans float with changes in interest rates. Most of the remaining loans reset on 5 and 7-year intervals and would not keep pace with the speed of the Federal Reserve rate hikes.
第四季利率上升增加了利息開支，而貸款收益率上升在較小程度上抵銷了存款和隔夜借貸成本上升的影響。該行的淨息差在2022年降至2.11%，低於2021年的2.24%。2022年第四季度的淨息差也有所下降，為1.90%，而2021年第四季度為2.24%。大約25%的貸款隨着利率的變化而浮動。剩餘的大部分貸款每隔5年和7年重置一次，無法跟上美聯儲加息的速度。
Non-Interest Income
非利息收入
As of December 31, 2022, assets under management and administration totaled $5.9 billion, down slightly from $6.2 billion at year-end 2021. On average, the Bank's assets under administration consist of 60% equities, 23% bonds, 12% Cash and 5% other. The Bank's trust and estate settlement fees were flat for the year, in spite of the decline in the U.S. equity ( S&P down 19.4%, Nasdaq down 33% for the year) and bond markets (Bloomberg U.S. Aggregate Bond index down 13% for the year+).
截至2022年12月31日，管理和管理的資產總額為59億美元，略低於2021年底的62億美元。平均而言，世行管理的資產包括60%的股票、23%的債券、12%的現金和5%的其他。儘管美國股市(標準普爾下跌19.4%，納斯達克全年下跌33%)和債券市場(彭博美國綜合債券指數全年下跌13%)，渣打銀行的信託和遺產和解費用與去年持平。
The Bank continued to add assets from new and existing clients totaling $705 million for the year and $237 million in the fourth quarter, representing a 21% increase compared to full year 2021 and a 31% increase over fourth quarter 2021, respectively. This is a testament to the exceptional level of expertise and service provided by our associates.
該行繼續從新客户和現有客户那裏增加資產，年內總額為7.05億美元，第四季度為2.37億美元，分別比2021年全年增長21%和2021年第四季度增長31%。這證明瞭我們的同事所提供的非凡的專業知識和服務水平。
Non-Interest Expense
非利息支出
Non-interest expense increased to $71.4 million for the year ended December 31, 2022, up 15% from $62.2 million in 2021. For the fourth quarter of 2022, non-interest expense totaled $18 million, a 5% increase over the fourth quarter of 2021. Several factors contributed to the increase including two new locations opened in 2022, 28 new associates were hired bank wide, and FineMark proactively increased the salaries of a number of existing associates to remain competitive in a tight labor market. In order to preserve our high service levels as we grow, the hiring of additional associates and investments in technology (information systems) is expected.
截至2022年12月31日的財年，非利息支出增至7140萬美元，較2021年的6220萬美元增長15%。2022年第四季度，非利息支出總額為1800萬美元，比2021年第四季度增長5%。增長的原因有幾個，包括2022年新開了兩個分店，在全銀行範圍內招聘了28名新員工，以及FineMark主動提高了一些現有員工的工資，以在緊張的勞動力市場保持競爭力。隨着我們的發展，為了保持我們的高服務水平，預計將僱用更多的員工並在技術(信息系統)方面進行投資。
Credit Quality
信用質量
Asset quality remained pristine in 2022 and the same is expected for 2023. The Bank's criticized assets were reduced to 1% of total capital reserves or $2.8 million in 2022, compared to 5% or $15.4 million at the end of 2021. FineMark remains committed to maintaining high credit standards through a relationship-centered approach to lending. Loan decisions are based on an in-depth understanding of each borrower's needs and unique financial situation.
資產質量在2022年保持原始，預計2023年也是如此。世行受到批評的資產在2022年降至總資本儲備的1%或280萬美元，而2021年底為5%或1540萬美元。FineMark仍然致力於通過以關係為中心的貸款方式保持較高的信用標準。貸款決策是基於對每個借款人的需求和獨特財務狀況的深入瞭解。
As of December 31, 2022, non-performing loans totaled $730 thousand, or 0.03% of total loans, nearly flat compared to $729 thousand or 0.04% in the fourth quarter of 2021. The current allowance for loan losses is $23.2 million (or 1.03% of gross loans). Management believes the Bank's reserves continue to be sufficient to support risks in the loan portfolio.
截至2022年12月31日，不良貸款總額為73萬美元，佔總貸款的0.03%，與2021年第四季度的72.9萬美元或0.04%幾乎持平。目前的貸款損失撥備為2,320萬元(或貸款總額的1.03%)。管理層相信，世行的準備金繼續足以支持貸款組合中的風險。
Capital
資本
All capital ratios continue to exceed regulatory requirements for "well-capitalized" banks. On December 31, 2022, FineMark's Tier 1 leverage ratio on a consolidated basis was 9.36%, and the total risk-based capital ratio was 19.86%.
所有資本充足率都繼續超過監管機構對“資本充足”銀行的要求。2022年12月31日，FineMark合併後的一級槓桿率為9.36%，總風險資本比率為19.86%。
Rising interest rates throughout the past few quarters resulted in a $78 million net unrealized loss on the Bank's investment portfolio. This unrealized loss does not reflect bond credit quality; rather, it shows how rapidly interest rates have increased.
過去幾個季度不斷上升的利率導致世行投資組合出現7800萬美元的未實現淨虧損。這一未實現虧損並不反映債券的信用質量；相反，它顯示了利率上升的速度有多快。
On a yearly basis, return on average equity (ROAE) decreased to 8.17% in 2022, compared to 9.66% in 2021. ROAE was 4.92% for the fourth quarter of 2022, compared to 9.22% for the fourth quarter of 2021.
按年計算，平均股本回報率(ROAE)在2022年降至8.17%，而2021年為9.66%。2022年第四季度的淨資產收益率為4.92%，而2021年第四季度的淨資產收益率為9.22%。
Closing Remarks from Chairman & Chief Executive Officer, Joseph R. Catti
董事長兼首席執行官約瑟夫·R·卡蒂致閉幕詞
"As we look to 2023, elevated interest rates will likely remain a significant headwind, however I am confident our associates will continue to excel and provide the highest levels of service and stewardship, just as they have while navigating the past year and since FineMark's inception. In addition, the Bank has made a multimillion-dollar commitment to technology enhancements to include a new application that offers clients a holistic view of their banking and investment accounts, as well as tools to enhance our investment management processes.
展望2023年，利率上升可能仍將是一個重要的不利因素，但我相信我們的員工將繼續出類拔萃，提供最高水平的服務和管理，就像他們在過去一年和FineMark成立以來所做的那樣。此外，銀行已承諾投入數百萬美元用於技術改進，包括一個新的應用程序，為客户提供其銀行和投資賬户的整體視圖，以及增強我們投資管理流程的工具。
The people who come to work here each day have a commitment to the long-term success of this company and I firmly believe we will continue to create shareholder value in all types of environments in the coming year and beyond."
每天來這裏工作的人都致力於公司的長期成功，我堅信我們將在未來一年和以後繼續在所有類型的環境中創造股東價值。“
FineMark will host a conference call to discuss the results at 9am Eastern Time, January 19, 2023. Individuals interested in joining the call should register at Please join the call approximately 15 minutes prior to the start to allow time for login.
FineMark將在美國東部時間2023年1月19日上午9點主持一次電話會議，討論結果。有興趣參加電話會議的個人應在電話會議開始前大約15分鐘在請參加電話會議上註冊，以便有時間登錄。
FineMark Holdings, Inc., the parent company of FineMark National Bank & Trust is a nationally chartered bank, with $3.6 billion in total assets and $6 billion in assets under management and Administration. Through its offices located in Florida, Arizona and South Carolina, FineMark offers a full range of financial services, including personal and business banking, lending services, trust, and investment services. The Corporation's common stock trades on the OTCQX under the symbol FNBT.
FineMark控股公司是FineMark National Bank&Trust的母公司，是一家全國性特許銀行，總資產為36億美元，管理和管理的資產為60億美元。通過其在佛羅裏達州、亞利桑那州和南卡羅來納州的辦事處，FineMark提供全方位的金融服務，包括個人和商業銀行、貸款服務、信託和投資服務。該公司的普通股在OTCQX市場交易，代碼為FNBT。
For more information contact:
如需更多信息，請聯繫：
Ryan Roberts, Investor Relations
239.461.3850
investorrelations@finemarkbank.com
Website address:
瑞安·羅伯茨，投資者關係部
239.461.3850
郵箱：InvestorRelationship@finemarkbank.com
網址：
FineMark Holdings, Inc.
Consolidated Financial Highlights
Fourth Quarter 2022
Unaudited
FineMark控股公司
綜合財務亮點
2022年第四季度
未經審計
| YTD | ||||||||||||||||||||||||||||
$ in thousands except for share data |
4th Qtr 2022 | 3rd Qtr 2022 | 2nd Qtr 2022 | 1st Qtr 2022 | 4th Qtr 2021 | 2022 | 2021 | |||||||||||||||||||||
$ Earnings |
||||||||||||||||||||||||||||
Net Interest Income |
$ | 15,889 | $ | 18,079 | 18,386 | 17,539 | 17,155 | $ | 69,893 | $ | 64,689 | |||||||||||||||||
Provision (credit) for loan loss |
$ | 1,039 | $ | 121 | 836 | 449 | 18 | $ | 2,445 | $ | 31 | |||||||||||||||||
Non-interest Income (excl. gains and losses) |
$ | 7,224 | $ | 7,342 | 7,648 | 8,191 | 7,712 | $ | 30,405 | $ | 29,024 | |||||||||||||||||
Gain on sale of debt securities available for sale |
$ | - | $ | - | - | - | - | $ | - | $ | 902 | |||||||||||||||||
Gains and losses on debt extinguishment |
$ | - | $ | 505 | 1,226 | 618 | (244 | ) | $ | 2,349 | $ | (1,199 | ) | |||||||||||||||
Gain on termination of swap |
$ | - | $ | - | - | - | 1,212 | $ | - | $ | 1,212 | |||||||||||||||||
Non-interest Expense |
$ | 18,011 | $ | 18,660 | 17,700 | 17,000 | 17,161 | $ | 71,371 | $ | 62,208 | |||||||||||||||||
Earnings before income taxes |
$ | 4,063 | $ | 7,145 | 8,724 | 8,899 | 8,656 | $ | 28,831 | $ | 32,389 | |||||||||||||||||
Income Taxes |
$ | 933 | $ | 1,757 | 1,747 | 2,027 | 1,653 | $ | 6,464 | $ | 7,362 | |||||||||||||||||
Net Earnings |
$ | 3,130 | $ | 5,388 | 6,977 | 6,872 | 7,003 | $ | 22,367 | $ | 25,027 | |||||||||||||||||
Basic earnings per share |
$ | 0.27 | $ | 0.46 | 0.60 | 0.59 | 0.60 | $ | 1.91 | $ | 2.43 | |||||||||||||||||
Diluted earnings per share |
$ | 0.26 | $ | 0.45 | 0.59 | 0.58 | 0.59 | $ | 1.89 | $ | 2.39 | |||||||||||||||||
Performance Ratios |
||||||||||||||||||||||||||||
Return on average assets* |
0.36 | % | 0.62 | % | 0.80 | % | 0.80 | % | 0.88 | % | 0.64 | % | 0.83 | % | ||||||||||||||
Return on risk weighted assets* |
0.63 | % | 1.12 | % | 1.43 | % | 1.46 | % | 1.55 | % | 1.12 | % | 1.39 | % | ||||||||||||||
Return on average equity* |
4.92 | % | 7.97 | % | 10.28 | % | 9.17 | % | 9.22 | % | 8.17 | % | 9.66 | % | ||||||||||||||
Yield on earning assets* |
3.17 | % | 2.92 | % | 2.66 | % | 2.52 | % | 2.67 | % | 2.82 | % | 2.74 | % | ||||||||||||||
Cost of funds* |
1.27 | % | 0.76 | % | 0.46 | % | 0.41 | % | 0.46 | % | 0.73 | % | 0.53 | % | ||||||||||||||
Net Interest Margin* |
1.90 | % | 2.16 | % | 2.22 | % | 2.14 | % | 2.24 | % | 2.11 | % | 2.24 | % | ||||||||||||||
Efficiency ratio |
77.93 | % | 71.98 | % | 64.93 | % | 64.52 | % | 69.70 | % | 71.16 | % | 66.59 | % | ||||||||||||||
Capital |
||||||||||||||||||||||||||||
Tier 1 leverage capital ratio |
9.36 | % | 9.35 | % | 9.16 | % | 9.22 | % | 9.73 | % | 9.36 | % | 9.73 | % | ||||||||||||||
Common equity risk-based capital ratio |
17.01 | % | 17.41 | % | 16.81 | % | 16.96 | % | 17.24 | % | 17.01 | % | 17.24 | % | ||||||||||||||
Tier 1 risk-based capital ratio |
17.01 | % | 17.41 | % | 16.81 | % | 16.96 | % | 17.24 | % | 17.01 | % | 17.24 | % | ||||||||||||||
Total risk-based capital ratio |
19.86 | % | 20.30 | % | 20.03 | % | 20.25 | % | 20.64 | % | 19.86 | % | 20.64 | % | ||||||||||||||
Book value per share |
$ | 22.11 | $ | 21.81 | $ | 22.73 | $ | 23.82 | $ | 26.29 | $ | 22.11 | $ | 26.29 | ||||||||||||||
Tangible book value per share |
$ | 22.11 | $ | 21.81 | $ | 22.73 | $ | 23.82 | $ | 26.29 | $ | 22.11 | $ | 26.29 | ||||||||||||||
Asset Quality |
||||||||||||||||||||||||||||
Net charge-offs (recoveries) |
$ | (227 | ) | $ | (176 | ) | (24 | ) | (13 | ) | 541 | $ | (440 | ) | $ | 530 | ||||||||||||
Net charge-offs (recoveries) to average total loans |
-0.01 | % | -0.01 | % | -0.00 | % | -0.00 | % | 0.03 | % | -0.02 | % | 0.03 | % | ||||||||||||||
Allowance for loan losses |
$ | 23,168 | $ | 21,902 | 21,605 | 20,745 | 20,283 | $ | 23,168 | $ | 20,283 | |||||||||||||||||
Allowance to total loans |
1.03 | % | 1.02 | % | 1.01 | % | 1.01 | % | 1.01 | % | 1.03 | % | 1.01 | % | ||||||||||||||
Nonperforming loans |
$ | 730 | $ | 692 | 706 | 714 | 729 | $ | 730 | $ | 729 | |||||||||||||||||
Other real estate owned |
$ | - | $ | - | - | - | - | $ | - | $ | - | |||||||||||||||||
Nonperforming loans to total loans |
0.03 | % | 0.03 | % | 0.03 | % | 0.04 | % | 0.04 | % | 0.03 | % | 0.04 | % | ||||||||||||||
Nonperforming assets to total assets |
0.02 | % | 0.02 | % | 0.02 | % | 0.02 | % | 0.02 | % | 0.02 | % | 0.02 | % | ||||||||||||||
Loan Composition (% of Total Gross Loans) |
||||||||||||||||||||||||||||
1-4 Family |
49.0 | % | 50.2 | % | 49.5 | % | 50.7 | % | 51.8 | % | 49.0 | % | 51.8 | % | ||||||||||||||
Commercial Loans |
9.5 | % | 9.1 | % | 9.5 | % | 10.4 | % | 10.2 | % | 9.5 | % | 10.2 | % | ||||||||||||||
Commercial Real Estate |
24.4 | % | 24.1 | % | 24.3 | % | 23.2 | % | 21.7 | % | 24.4 | % | 21.7 | % | ||||||||||||||
Construction Loans |
9.0 | % | 8.3 | % | 8.5 | % | 7.8 | % | 8.3 | % | 9.0 | % | 8.3 | % | ||||||||||||||
Other Loans |
8.1 | % | 8.3 | % | 8.2 | % | 7.9 | % | 8.0 | % | 8.1 | % | 8.0 | % | ||||||||||||||
End of Period Balances |
||||||||||||||||||||||||||||
Assets |
$ | 3,554,370 | $ | 3,455,462 | 3,527,841 | 3,489,146 | 3,377,198 | $ | 3,554,370 | $ | 3,377,198 | |||||||||||||||||
Debt securities |
$ | 1,113,981 | $ | 1,129,272 | 1,164,449 | 1,209,357 | 978,228 | $ | 1,113,981 | $ | 978,228 | |||||||||||||||||
Loans, net of allowance |
$ | 2,228,236 | $ | 2,125,751 | 2,115,137 | 2,032,426 | 1,996,362 | $ | 2,228,236 | $ | 1,996,362 | |||||||||||||||||
Deposits |
$ | 2,818,491 | $ | 2,919,206 | 2,951,656 | 2,954,042 | 2,734,120 | $ | 2,818,491 | $ | 2,734,120 | |||||||||||||||||
Other borrowings |
$ | 118,444 | $ | 40,760 | 2,543 | 1,507 | 1,873 | $ | 118,444 | $ | 1,873 | |||||||||||||||||
Subordinated Debt |
$ | 33,545 | $ | 33,483 | 40,961 | 40,940 | 40,919 | $ | 33,545 | $ | 40,919 | |||||||||||||||||
FHLB Advances |
$ | 286,100 | $ | 175,000 | 240,000 | 192,951 | 264,016 | $ | 286,100 | $ | 264,016 | |||||||||||||||||
Shareholders' Equity |
$ | 260,307 | $ | 256,348 | 266,800 | 277,814 | 305,062 | $ | 260,307 | $ | 305,062 | |||||||||||||||||
Trust and Investment |
||||||||||||||||||||||||||||
Fee Income |
$ | 6,390 | $ | 6,477 | 6,752 | 6,998 | 7,030 | $ | 26,617 | $ | 26,638 | |||||||||||||||||
Assets Under Administration |
||||||||||||||||||||||||||||
Balance at beginning of period |
$ | 5,392,768 | $ | 5,464,847 | 6,009,657 | 6,200,407 | 5,739,551 | $ | 6,200,407 | $ | 5,091,408 | |||||||||||||||||
Net investment appreciation (depreciation) & income |
$ | 314,992 | $ | (204,456 | ) | (675,883 | ) | (395,125 | ) | 279,391 | $ | (960,472 | ) | $ | 526,048 | |||||||||||||
Net client asset flows |
$ | 237,012 | $ | 132,377 | 131,073 | 204,375 | 181,465 | $ | 704,837 | $ | 582,951 | |||||||||||||||||
Balance at end of period |
$ | 5,944,772 | $ | 5,392,768 | 5,464,847 | 6,009,657 | 6,200,407 | $ | 5,944,772 | $ | 6,200,407 | |||||||||||||||||
Percentage of AUA that are managed |
88 | % | 88 | % | 88 | % | 88 | % | 88 | % | 88 | % | 88 | % | ||||||||||||||
Stock Valuation |
||||||||||||||||||||||||||||
Closing Market Price (OTCQX) |
$ | 29.75 | $ | 29.25 | 29.05 | 33.25 | 33.60 | $ | 29.75 | $ | 33.60 | |||||||||||||||||
Multiple of Tangible Book Value |
1.35 | 1.34 | 1.28 | 1.40 | 1.28 | 1.35 | 1.28 | |||||||||||||||||||||
*annualized |
||||||||||||||||||||||||||||
| 黃大仙 | ||||||||||||||||||||||||||||
$(以千為單位)，共享數據除外 |
2022年第四季度 | 2022年第三季度 | 2022年第二季度 | 2022年第一季度 | 2021年第四季度 | 2022 | 2021 | |||||||||||||||||||||
$收入 |
||||||||||||||||||||||||||||
淨利息收入 |
$ | 15,889 | $ | 18,079 | 18,386 | 17,539 | 17,155 | $ | 69,893 | $ | 64,689 | |||||||||||||||||
貸款損失準備金(貸方) |
$ | 1,039 | $ | 121 | 836 | 449 | 18 | $ | 2,445 | $ | 31 | |||||||||||||||||
非利息收入(不包括得失) |
$ | 7,224 | $ | 7,342 | 7,648 | 8,191 | 7,712 | $ | 30,405 | $ | 29,024 | |||||||||||||||||
出售可供出售的債務證券的收益 |
$ | - | $ | - | - | - | - | $ | - | $ | 902 | |||||||||||||||||
清償債務的得失 |
$ | - | $ | 505 | 1,226 | 618 | (244 | ) | $ | 2,349 | $ | (1,199 | ) | |||||||||||||||
掉期終止時的收益 |
$ | - | $ | - | - | - | 1,212 | $ | - | $ | 1,212 | |||||||||||||||||
非利息支出 |
$ | 18,011 | $ | 18,660 | 17,700 | 17,000 | 17,161 | $ | 71,371 | $ | 62,208 | |||||||||||||||||
所得税前收益 |
$ | 4,063 | $ | 7,145 | 8,724 | 8,899 | 8,656 | $ | 28,831 | $ | 32,389 | |||||||||||||||||
所得税 |
$ | 933 | $ | 1,757 | 1,747 | 2,027 | 1,653 | $ | 6,464 | $ | 7,362 | |||||||||||||||||
淨收益 |
$ | 3,130 | $ | 5,388 | 6,977 | 6,872 | 7,003 | $ | 22,367 | $ | 25,027 | |||||||||||||||||
基本每股收益 |
$ | 0.27 | $ | 0.46 | 0.60 | 0.59 | 0.60 | $ | 1.91 | $ | 2.43 | |||||||||||||||||
稀釋後每股收益 |
$ | 0.26 | $ | 0.45 | 0.59 | 0.58 | 0.59 | $ | 1.89 | $ | 2.39 | |||||||||||||||||
績效比率 |
||||||||||||||||||||||||||||
平均資產回報率* |
0.36 | % | 0.62 | % | 0.80 | % | 0.80 | % | 0.88 | % | 0.64 | % | 0.83 | % | ||||||||||||||
風險加權資產回報率* |
0.63 | % | 1.12 | % | 1.43 | % | 1.46 | % | 1.55 | % | 1.12 | % | 1.39 | % | ||||||||||||||
平均股本回報率* |
4.92 | % | 7.97 | % | 10.28 | % | 9.17 | % | 9.22 | % | 8.17 | % | 9.66 | % | ||||||||||||||
盈利資產的收益率* |
3.17 | % | 2.92 | % | 2.66 | % | 2.52 | % | 2.67 | % | 2.82 | % | 2.74 | % | ||||||||||||||
資金成本* |
1.27 | % | 0.76 | % | 0.46 | % | 0.41 | % | 0.46 | % | 0.73 | % | 0.53 | % | ||||||||||||||
淨息差* |
1.90 | % | 2.16 | % | 2.22 | % | 2.14 | % | 2.24 | % | 2.11 | % | 2.24 | % | ||||||||||||||
效率比 |
77.93 | % | 71.98 | % | 64.93 | % | 64.52 | % | 69.70 | % | 71.16 | % | 66.59 | % | ||||||||||||||
資本 |
||||||||||||||||||||||||||||
一級槓桿資本比率 |
9.36 | % | 9.35 | % | 9.16 | % | 9.22 | % | 9.73 | % | 9.36 | % | 9.73 | % | ||||||||||||||
普通股風險資本比率 |
17.01 | % | 17.41 | % | 16.81 | % | 16.96 | % | 17.24 | % | 17.01 | % | 17.24 | % | ||||||||||||||
一級風險資本充足率 |
17.01 | % | 17.41 | % | 16.81 | % | 16.96 | % | 17.24 | % | 17.01 | % | 17.24 | % | ||||||||||||||
基於風險的總資本比率 |
19.86 | % | 20.30 | % | 20.03 | % | 20.25 | % | 20.64 | % | 19.86 | % | 20.64 | % | ||||||||||||||
每股賬面價值 |
$ | 22.11 | $ | 21.81 | $ | 22.73 | $ | 23.82 | $ | 26.29 | $ | 22.11 | $ | 26.29 | ||||||||||||||
每股有形賬面價值 |
$ | 22.11 | $ | 21.81 | $ | 22.73 | $ | 23.82 | $ | 26.29 | $ | 22.11 | $ | 26.29 | ||||||||||||||
資產質量 |
||||||||||||||||||||||||||||
淨沖銷(回收) |
$ | (227 | ) | $ | (176 | ) | (24 | ) | (13 | ) | 541 | $ | (440 | ) | $ | 530 | ||||||||||||
淨沖銷(收回)與平均貸款總額之比 |
-0.01 | % | -0.01 | % | -0.00 | % | -0.00 | % | 0.03 | % | -0.02 | % | 0.03 | % | ||||||||||||||
貸款損失準備 |
$ | 23,168 | $ | 21,902 | 21,605 | 20,745 | 20,283 | $ | 23,168 | $ | 20,283 | |||||||||||||||||
貸款總額的免税額 |
1.03 | % | 1.02 | % | 1.01 | % | 1.01 | % | 1.01 | % | 1.03 | % | 1.01 | % | ||||||||||||||
不良貸款 |
$ | 730 | $ | 692 | 706 | 714 | 729 | $ | 730 | $ | 729 | |||||||||||||||||
擁有的其他房地產 |
$ | - | $ | - | - | - | - | $ | - | $ | - | |||||||||||||||||
不良貸款佔總貸款的比例 |
0.03 | % | 0.03 | % | 0.03 | % | 0.04 | % | 0.04 | % | 0.03 | % | 0.04 | % | ||||||||||||||
不良資產佔總資產的比例 |
0.02 | % | 0.02 | % | 0.02 | % | 0.02 | % | 0.02 | % | 0.02 | % | 0.02 | % | ||||||||||||||
貸款構成(佔貸款總額的百分比) |
||||||||||||||||||||||||||||
1-4個家庭 |
49.0 | % | 50.2 | % | 49.5 | % | 50.7 | % | 51.8 | % | 49.0 | % | 51.8 | % | ||||||||||||||
商業貸款 |
9.5 | % | 9.1 | % | 9.5 | % | 10.4 | % | 10.2 | % | 9.5 | % | 10.2 | % | ||||||||||||||
商業地產 |
24.4 | % | 24.1 | % | 24.3 | % | 23.2 | % | 21.7 | % | 24.4 | % | 21.7 | % | ||||||||||||||
建築貸款 |
9.0 | % | 8.3 | % | 8.5 | % | 7.8 | % | 8.3 | % | 9.0 | % | 8.3 | % | ||||||||||||||
其他貸款 |
8.1 | % | 8.3 | % | 8.2 | % | 7.9 | % | 8.0 | % | 8.1 | % | 8.0 | % | ||||||||||||||
期末餘額 |
||||||||||||||||||||||||||||
資產 |
$ | 3,554,370 | $ | 3,455,462 | 3,527,841 | 3,489,146 | 3,377,198 | $ | 3,554,370 | $ | 3,377,198 | |||||||||||||||||
債務證券 |
$ | 1,113,981 | $ | 1,129,272 | 1,164,449 | 1,209,357 | 978,228 | $ | 1,113,981 | $ | 978,228 | |||||||||||||||||
扣除津貼後的貸款淨額 |
$ | 2,228,236 | $ | 2,125,751 | 2,115,137 | 2,032,426 | 1,996,362 | $ | 2,228,236 | $ | 1,996,362 | |||||||||||||||||
存款 |
$ | 2,818,491 | $ | 2,919,206 | 2,951,656 | 2,954,042 | 2,734,120 | $ | 2,818,491 | $ | 2,734,120 | |||||||||||||||||
其他借款 |
$ | 118,444 | $ | 40,760 | 2,543 | 1,507 | 1,873 | $ | 118,444 | $ | 1,873 | |||||||||||||||||
次級債務 |
$ | 33,545 | $ | 33,483 | 40,961 | 40,940 | 40,919 | $ | 33,545 | $ | 40,919 | |||||||||||||||||
聯邦住房金融局取得進展 |
$ | 286,100 | $ | 175,000 | 240,000 | 192,951 | 264,016 | $ | 286,100 | $ | 264,016 | |||||||||||||||||
股東權益 |
$ | 260,307 | $ | 256,348 | 266,800 | 277,814 | 305,062 | $ | 260,307 | $ | 305,062 | |||||||||||||||||
信託與投資 |
||||||||||||||||||||||||||||
費用收入 |
$ | 6,390 | $ | 6,477 | 6,752 | 6,998 | 7,030 | $ | 26,617 | $ | 26,638 | |||||||||||||||||
受管理的資產 |
||||||||||||||||||||||||||||
期初餘額 |
$ | 5,392,768 | $ | 5,464,847 | 6,009,657 | 6,200,407 | 5,739,551 | $ | 6,200,407 | $ | 5,091,408 | |||||||||||||||||
淨投資增值(折舊)和收益 |
$ | 314,992 | $ | (204,456 | ) | (675,883 | ) | (395,125 | ) | 279,391 | $ | (960,472 | ) | $ | 526,048 | |||||||||||||
淨客户資產流動 |
$ | 237,012 | $ | 132,377 | 131,073 | 204,375 | 181,465 | $ | 704,837 | $ | 582,951 | |||||||||||||||||
期末餘額 |
$ | 5,944,772 | $ | 5,392,768 | 5,464,847 | 6,009,657 | 6,200,407 | $ | 5,944,772 | $ | 6,200,407 | |||||||||||||||||
管理的AUA百分比 |
88 | % | 88 | % | 88 | % | 88 | % | 88 | % | 88 | % | 88 | % | ||||||||||||||
股票估值 |
||||||||||||||||||||||||||||
收市價(OTCQX) |
$ | 29.75 | $ | 29.25 | 29.05 | 33.25 | 33.60 | $ | 29.75 | $ | 33.60 | |||||||||||||||||
有形賬面價值的倍數 |
1.35 | 1.34 | 1.28 | 1.40 | 1.28 | 1.35 | 1.28 | |||||||||||||||||||||
*按年計算 |
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SOURCE: FineMark Holdings, Inc.
資料來源：FineMark控股公司