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First State Ret. on assets

What is the Ret. on assets of First State?

The Ret. on assets of First State Financial Corporation is -7.99%

What is the definition of Ret. on assets?



Return on assets indicates how profitable a company’s assets are in generating revenue. It is computed by dividing net income by average total assets.

ttm (trailing twelve months)

The return on assets (ROA) tells you what the company can do with what it has, i.e. how many dollars of earnings they derive from each dollar of assets they control. It's a useful number for comparing competing companies in the same industry. The number will vary widely across different industries. Return on assets gives an indication of the capital intensity of the company, which will depend on the industry; companies that require large initial investments will generally have lower return on assets. ROAs over 5% are generally considered good.

Ret. on assets of companies in the Finance sector on OTC compared to First State

What does First State do?

First State Financial Corporation operates as the bank holding company for First State Bank, which provides retail and commercial banking services to individuals, and small and medium-sized businesses in the west central region of Florida. The company primarily engages in generating deposits and originating loans. Its deposit products consist of certificates of deposit, checking and other demand deposits, NOW accounts, savings accounts, and money market accounts. The company's lending portfolio comprises commercial, consumer, and real estate loans, including commercial loans collateralized by real estate. It also provides safe deposit boxes, wire transfers, direct deposit of payroll and social security payments, night depository, and travelers' checks, as well as offers banking by mail and Internet, and automated teller machine services. The company was founded in 1988 and is headquartered in Sarasota, Florida.

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