First Seacoast Bancorp Inc

First Seacoast Bancorp, Inc. is a holding company, which engages in the banking business. Its business consists of taking deposits from the general public and investing those deposits, together with funds generated from operations and borrowings from the Federal Home Loan Bank, in residential real estate loans, commercial real estate and multi-family real estate loans, acquisition, development and land loans, commercial and industrial loans, home equity loans, and lines of credit and consumer loans. The company was founded in 1890 and is headquartered in Dover, NH.

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DOVER, N.H.--(BUSINESS WIRE)--First Seacoast Bancorp, Inc. (the “Company”) (Nasdaq Capital Market: FSEA), the holding company for First Seacoast Bank, announced today it has authorized a stock repurchase program for up to 507,707 shares of common stock, representing approximately 10% of shares currently outstanding, to be effective as soon as practicable after the Company files its Quarterly Report on Form 10-Q for the period ending March 31, 2024, with the Securities and Exchange Commission (t.

First Seacoast Bancorp, Inc. Authorizes Stock Repurchase Program

William Penn Bancorp

Our strategy is to invest in banks trading below TBV with overcapitalized balance sheets, solid asset quality, and shareholder-friendly management teams. This combination typically leads to two catalysts, first accretive share repurchases and ultimately a sale to a larger institution. Trading at less than 60% of TBV, we theorize that FSEA will begin an accretive stock buyback program in 1Q24.

Bank Buzz: 2 Value Plays With Near-Term Catalysts

DOVER, N.H.--(BUSINESS WIRE)--First Seacoast Bancorp, Inc. (the "Company") (NASDAQ Capital Market: FSEA), the holding company for First Seacoast Bank, announced today the execution of a balance sheet repositioning strategy related to its available-for-sale investment securities portfolio. The Company sold $40.6 million in book value of its lower-yielding investment securities for an estimated after-tax realized loss of $3.1 million. The investment securities sold consisted of $27.3 million of m.

First Seacoast Bancorp, Inc. Announces Balance Sheet Repositioning

Despite a strong capital position and attractive credit metrics, FSEA trades at just 72% of tangible book value. The bank maintains a robust balance sheet, which can drive several catalysts, including share repurchases and the initiation of a dividend.

First Seacoast Bancorp: Attractive Valuation And Upside

DOVER, N.H.--( BUSINESS WIRE )--First Seacoast Bancorp, Inc. (Nasdaq: FSEA), the new holding company for First Seacoast Bank, announced that the conversion of First Seacoast Bancorp, MHC from mutual to stock form and the related stock offering by First Seacoast Bancorp, Inc. closed following the close of business today. First Seacoast Bancorp, Inc.'s common stock is expected to begin trading on the Nasdaq Capital Market under the trading symbol “FSEA” on January 20, 2023.

First Seacoast Bancorp, Inc. Announces Closing of Conversion Transaction

DOVER, N.H.--( BUSINESS WIRE )--First Seacoast Bancorp (Nasdaq: FSEA), the holding company for First Seacoast Bank, announced today that all regulatory approvals have been received to close the conversion of First Seacoast Bancorp, MHC from mutual to stock form and the related stock offering by First Seacoast Bancorp, Inc., the proposed new stock holding company for First Seacoast Bank.

First Seacoast Bancorp Announces Expected Closing Date of Conversion Transaction

DOVER, N.H.--( BUSINESS WIRE )--First Seacoast Bancorp (Nasdaq: “FSEA”), the holding company for First Seacoast Bank, announced today that the syndicated community offering by First Seacoast Bancorp, Inc., the proposed successor to First Seacoast Bancorp, in connection with the conversion of First Seacoast Bancorp, MHC from mutual to stock form was completed today in accordance with the terms of First Seacoast Bancorp, Inc.'s Prospectus dated November 14, 2022, as supplemented by the Prospectus Supplement dated December 21, 2022.

First Seacoast Bancorp Announces Completion of Syndicated Community Offering

DOVER, N.H.--( BUSINESS WIRE )--First Seacoast Bancorp (Nasdaq: FSEA), the holding company for First Seacoast Bank, announced today that the stockholders of First Seacoast Bancorp and the members of First Seacoast Bancorp, MHC both approved the pending conversion of First Seacoast Bancorp, MHC from mutual to stock form. The approvals were received at a Special Meeting of Stockholders and a Special Meeting of Members, both held earlier today.

First Seacoast Bancorp Announces Stockholder and Member Approvals for Pending Conversion Transaction

News for First Seacoast Bancorp Inc Stock (FSEA)