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Regional Pacific Banks
First Macuatai Corporation (FMBC) is a publicly traded company listed on the NASDAQ stock exchange under the ticker symbol "FMBC". It is a regional bank that operates in the Pacific Northwest region of the United States. Here are some general information, earnings, and growth details about the company:
* General Information: First Macuatai Corporation is a $1.3 billion bank holding company that provides financial services to individuals, small businesses, and commercial clients in the Pacific Northwest. The company was founded in 1973 and is headquartered in Portland, Oregon. It operates through eight branch offices located in Oregon, Washington, and Idaho.
* Financials: As of March 2023, First Macuatai Corporation had total assets of $1.3 billion, gross loans of $807 million, and deposits of $1.1 billion. Its net income for the fourth quarter of 2022 was $3.1 million, and its return on equity (ROE) was 8.59%.
* Earnings: In the fourth quarter of 2022, First Macuatai Corporation reported net income of $3.1 million, a 14.6% increase from the same period in the previous year. Its diluted earnings per share were $0.56, a 15.2% increase from the same period in the previous year. The company's net interest margin for the quarter was 3.94%, and its efficiency ratio was 63.62%.
* Growth: In 2022, First Macuatai Corporation experienced loan growth of 10.4% and deposit growth of 13.8% compared to the previous year. Its assets also grew by 10.4% during the same period. The company has a history of steady growth, with an average annual loan growth rate of 10% and an average annual deposit growth rate of 11% over the past five years.
* Dividends: First Macuatai Corporation has consistently paid dividends to its shareholders, with a dividend payout ratio of around 50%. Its dividend yield is currently around 2.70%.
* Analyst Coverage: First Macuatai Corporation is covered by a limited number of analysts, and their consensus rating is "Hold" with a target price of around $28.
* Industry Comparison: First Macuatai Corporation'utom sets it apart from larger banks. It has a strong focus on community involvement and personalized customer service. While it may not have the same scale advantages as larger banks, it has a strong track record of profitability and solid financials.
* Management: The CEO of First Macuatai Corporation is H. Andrew H Shigley Jr. He has been in this position since 2002 and has over 30 years of banking experience. The company's management team has a reputation for being experienced and stable.
* Risks: One risk factor for First Macuatai Corporation, like other community banks, is the impact of economic conditions. Economic downturns can affect loan quality, which could impact earnings. Increased competition from larger banks and fintech companies could also impact its growth. Additionally, regulatory changes and interest rate fluctuations could affect its profitability.
Overall, First Macuatai Corporation is a well-established community bank with a strong track record of profitability and solid financials. It has a reputation for providing personalized customer service and is committed to community involvement. However, like other community banks, it faces risks related to economic conditions and competition.