10-K · April 30, 2026
First Seacoast Bancorp is striving to enhance its position in the regional banking market by increasing its focus on higher-yield commercial real estate and commercial & industrial loans. While revenue has been stable…
Earnings analysis · 10-Q
FSEA earnings analysis
Filed May 15, 2026 · Our reading of the company's report
The latest report
First Seacoast Bancorp (FSEA) reported a net loss of $508,000 for Q1 2026, an improvement from a loss of $603,000 in Q1 2025. Revenues remained flat at $7 million, but the company reported improved net interest margins…
Read full summary
First Seacoast Bancorp (FSEA) reported a net loss of $508,000 for Q1 2026, an improvement from a loss of $603,000 in Q1 2025. Revenues remained flat at $7 million, but the company reported improved net interest margins and a release of credit losses, demonstrating operational stability despite a challenging environment.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.05
What stood out
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Net Loss Decreases Year-over-Year
Net loss improved to $508,000 in Q1 2026 from $603,000 in Q1 2025, a reduction of 15.8%.
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Interest Income Stability
Total interest and dividend income increased slightly by $35,000, or 0.5%, to $6.5 million compared to Q1 2025.
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Improved Net Interest Margin
Annualized net interest margin increased to 2.45% from 2.23% in Q1 2025.
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Decrease in Non-Interest Expense
Non-interest expense increased only marginally by $7,000, keeping operational costs stable.
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Core Deposits Increased
Core deposits rose by $10.3 million, or 3.2%, to $329.1 million compared to December 31, 2025.
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Non-Interest Income Surges
Non-interest income grew by $61,000, or 17.4%, reaching $412,000 in Q1 2026.
What to watch
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Decline in Deposits
Total deposits decreased by $11.8 million to $459 million compared to December 31, 2025.
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Increased Income Tax Expense
Income tax expense soared to $273,000 from a benefit of $(29,000) in Q1 2025.
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Non-Performing Loans Remain
Non-performing loans were $412,000, slightly down from $478,000 at December 31, 2025, indicating persistent credit risk.
Management's outlook
Outlook deferred to earnings press release / call.
Earlier filings 4
10-K · March 20, 2026
First Seacoast Bancorp (First Seacoast Bank) is a small regional bank focused on one- to four-family residential mortgages while shifting toward higher-yield commercial real estate and commercial & industrial lending to…
10-Q · November 14, 2025
First Seacoast reported operating revenue of $3,991,000 and returned to quarterly net income of $390,000 (diluted EPS $0.08) for Q3 2025, with income before tax narrowing to a loss of $206,000. Balance sheet liquidity…
10-Q · May 9, 2025
First Seacoast reported improvement in operating results for the quarter ended March 31, 2025: net interest and dividend income rose to $3,179,000 and non-interest income increased to $351,000, producing total operating…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.