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Regional Pacific Banks

Folsom Lake Bank (NASDAQ: FOLB) is a community bank based in Folsom, California. The bank offers a range of banking services to individuals, professionals, and businesses in the Sacramento region.

As of their most recent earnings report, Folsom Lake Bank reported total assets of $839.6 million and net income of $3.7 million for the quarter ended December 31, 2021. This represents a year-over-year increase in net income of 21.4% compared to the same quarter in 2020.

For the full year 2021, the bank reported net income of $13.4 million, an increase of 32.4% compared to 2020. The bank's return on average assets (ROAA) for the year was 1.18%, and return on average equity (ROAE) was 10.62%.

Folsom Lake Bank's earnings have been growing steadily over the past few years, driven by loan growth and a focus on core banking operations. The bank has also been actively expanding its footprint in the Sacramento region through de novo branch openings and the acquisition of other community banks.

In terms of valuation, Folsom Lake Bank's stock currently trades at a price-to-earnings (P/E) ratio of around 14.7, which is in line with the average for regional banks. However, it's worth noting that the bank's P/E ratio has trended upward over the past year, reflecting investor optimism about its growth prospects.

Overall, Folsom Lake Bank appears to be a well-run community bank with a strong track record of earnings growth and a solid position in its core market. However, as with any investment, potential investors should carefully consider their own risk tolerance and investment goals before making a decision.