First Seacoast Bancorp (FSEA)

Name: First Seacoast Bancorp Financial Statements
Creator: Quarter Results

Financial Services | Banks Regional

Latest reporting period: 2025-03-31

Latest Quarter

2025-03-31

Revenue

$6.7M

Net Income

-$603K

Operating Margin

-9.4%

Free Cash Flow

-$3.3M

Debt / Assets

89.3%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for First Seacoast Bancorp (FSEA).
Income Statement (Quarterly)	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Revenue	6,741,000	6,849,000	6,879,000	6,620,000
Cost of Revenue	3,253,000	3,480,000	3,584,000	3,238,000
Gross Profit	3,488,000	3,369,000	3,295,000	3,382,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	2,701,000	2,615,000	2,616,000	2,612,000
Operating Expenses	4,120,000	4,074,000	3,891,000	1,277,000
Operating Income	-632,000	-705,000	-596,000	2,105,000
Interest Expense	3,253,000	3,532,000	3,568,000	3,254,000
Income Before Tax	-632,000	-705,000	-596,000	2,105,000
Income Tax Expense	-29,000	703,000	-640,000	102,000
Net Income	-603,000	-1,408,000	44,000	2,003,000
Per Share
EPS	-0.14	-0.32	0.01	0.44
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for First Seacoast Bancorp (FSEA).
Income Statement (Annual)	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Revenue	0	26,685,000	18,394,000	15,567,000	16,313,000
Cost of Revenue	0	13,461,000	9,268,000	0	0
Gross Profit	0	13,224,000	9,126,000	15,567,000	0
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	0	10,395,000	10,789,000	11,749,000	10,105,000
Operating Expenses	0	13,210,000	15,838,000	1,581,000	0
Operating Income	0	14,000	-6,712,000	731,000	0
Interest Expense	13,299,000	13,533,000	9,080,000	1,747,000	1,235,000
Income Before Tax	-1,483,000	14,000	-6,712,000	-1,016,000	3,222,000
Income Tax Expense	-638,000	527,000	3,944,000	-451,000	601,000
Net Income	-845,000	-513,000	-10,656,000	-565,000	2,621,000
Per Share
EPS	-0.23	-0.12	-2.29	-0.12	0.45
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for First Seacoast Bancorp (FSEA).
Balance Sheet (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	7,100,000	6,069,000	8,997,000	7,883,000
Short Term Investments	120,217,000	121,854,000	106,100,000	91,365,000
Net Receivables	2,103,000	0	1,988,000	1,499,000
Inventory	0	0	-12,973,000	0
Total Current Assets	129,420,000	20,396,000	8,250,000	0
Property Plant Equipment	754,000	4,072,000	4,181,000	4,566,000
Goodwill and Intangibles	629,000	663,000	704,000	0
Total Assets	580,780,000	571,035,000	537,424,000	487,074,000
Liabilities
Account Payables	0	0	0	0
Short Term Debt	1,174,000	0	96,781,000	0
Total Current Liabilities	454,208,000	322,342,000	194,736,000	0
Long Term Debt	52,268,000	73,007,000	99,397,000	29,462,000
Total Liabilities	518,730,000	504,417,000	99,397,000	426,606,000
Shareholders Equity
Retained Earnings	25,084,000	25,597,000	36,248,000	36,813,000
Total Shareholders Equity	62,050,000	66,618,000	49,337,000	60,468,000

Balance sheet annual history for First Seacoast Bancorp (FSEA).
Balance Sheet (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Assets
Cash and Cash Equivalents	7,100,000	6,069,000	8,997,000	7,883,000	8,484,000
Short Term Investments	120,217,000	121,854,000	106,100,000	91,365,000	55,470,000
Net Receivables	2,103,000	0	1,988,000	1,499,000	1,412,000
Inventory	0	0	-12,973,000	0	0
Total Current Assets	129,420,000	20,396,000	8,250,000	0	0
Property Plant Equipment	754,000	4,072,000	4,181,000	4,566,000	5,078,000
Goodwill and Intangibles	629,000	663,000	704,000	0	0
Total Assets	580,780,000	571,035,000	537,424,000	487,074,000	443,062,000
Liabilities
Account Payables	0	0	0	0	0
Short Term Debt	1,174,000	0	96,781,000	0	0
Total Current Liabilities	454,208,000	322,342,000	194,736,000	0	0
Long Term Debt	52,268,000	73,007,000	99,397,000	29,462,000	34,127,000
Total Liabilities	518,730,000	504,417,000	99,397,000	426,606,000	384,201,000
Shareholders Equity
Retained Earnings	25,084,000	25,597,000	36,248,000	36,813,000	0
Total Shareholders Equity	62,050,000	66,618,000	49,337,000	60,468,000	58,861,000

Cash flow quarterly history for First Seacoast Bancorp (FSEA).
Cash Flow Statement (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Operating Activities
Net Income	-513,000	-10,656,000	-565,000	2,621,000
Depreciation & Amortization	384,000	486,000	522,000	561,000
Stock Based Compensation	786,000	675,000	511,000	161,000
Change in Working Capital	-1,956,000	-704,000	-955,000	-1,600,000
Operating Cash Flow	-2,948,000	-1,915,000	973,000	2,421,000
Investing Activities
Capital Expenditure	-368,000	-349,000	-103,000	-36,000
Investments	-368,000	-349,000	-103,000	-36,000
Investing Cash Flow	-2,511,000	-39,487,000	-58,073,000	-43,498,000
Financing Activities
Debt Repayment	-39,230,000	-40,000,000	-2,262,000	-113,665,000
Common Stock Issued/Repurchased	-3,704,000	25,618,000	-629,000	-515,000
Dividends Paid	0	0	0	0
Financing Cash Flow	6,490,000	39,221,000	58,712,000	41,719,000
Summary
Free Cash Flow	-3,316,000	-2,264,000	870,000	2,385,000
Net Change in Cash	1,031,000	-2,181,000	1,612,000	642,000

Cash flow annual history for First Seacoast Bancorp (FSEA).
Cash Flow Statement (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Operating Activities
Net Income	-513,000	-10,656,000	-565,000	2,621,000	1,079,000
Depreciation & Amortization	384,000	486,000	522,000	561,000	576,000
Stock Based Compensation	786,000	675,000	511,000	161,000	89,000
Change in Working Capital	-1,956,000	-704,000	-955,000	-1,600,000	-455,000
Operating Cash Flow	-2,948,000	-1,915,000	973,000	2,421,000	1,421,000
Investing Activities
Capital Expenditure	-368,000	-349,000	-103,000	-36,000	-316,000
Investments	-368,000	-349,000	-103,000	-36,000	-316,000
Investing Cash Flow	-2,511,000	-39,487,000	-58,073,000	-43,498,000	-31,903,000
Financing Activities
Debt Repayment	-39,230,000	-40,000,000	-2,262,000	-113,665,000	-75,810,000
Common Stock Issued/Repurchased	-3,704,000	25,618,000	-629,000	-515,000	-233,000
Dividends Paid	0	0	0	0	0
Financing Cash Flow	6,490,000	39,221,000	58,712,000	41,719,000	32,469,000
Summary
Free Cash Flow	-3,316,000	-2,264,000	870,000	2,385,000	1,105,000
Net Change in Cash	1,031,000	-2,181,000	1,612,000	642,000	1,987,000