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SOUB (Southpoint Bancshares) Total Assets : $1,659.00 Mil (As of Dec. 2023)


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What is Southpoint Bancshares Total Assets?

Southpoint Bancshares's Total Assets for the quarter that ended in Dec. 2023 was $1,659.00 Mil.

Warning Sign:

If a company builds assets at 37% a year, faster than its revenue growth rate of 19.2% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Southpoint Bancshares's average Total Assets Growth Rate was 26.40% per year. During the past 3 years, the average Total Assets Growth Rate was 41.20% per year. During the past 5 years, the average Total Assets Growth Rate was 37.00% per year.

During the past 7 years, Southpoint Bancshares's highest 3-Year average Total Assets Growth Rate was 46.20%. The lowest was 22.20%. And the median was 32.40%.

Total Assets is connected with ROA %. Southpoint Bancshares's annualized ROA % for the quarter that ended in Dec. 2023 was 1.03%. Total Assets is also linked to Revenue through Asset Turnover. Southpoint Bancshares's Asset Turnover for the quarter that ended in Dec. 2023 was 0.04.

Southpoint Bancshares Total Assets Historical Data

The historical data trend for Southpoint Bancshares's Total Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Southpoint Bancshares Total Assets Chart

Southpoint Bancshares Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets
Get a 7-Day Free Trial 410.14 573.98 713.74 1,366.69 1,659.00

Southpoint Bancshares Semi-Annual Data
Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Assets Get a 7-Day Free Trial 410.14 573.98 713.74 1,366.69 1,659.00

Southpoint Bancshares Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Southpoint Bancshares's Total Assets for the fiscal year that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (A: Dec. 2023 )+Total Liabilities (A: Dec. 2023 )
=103.202+1555.795
=1,659.00

Southpoint Bancshares's Total Assets for the quarter that ended in Dec. 2023 is calculated as

Total Assets=Total Equity (Q: Dec. 2023 )+Total Liabilities (Q: Dec. 2023 )
=103.202+1555.795
=1,659.00

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Southpoint Bancshares  (OTCPK:SOUB) Total Assets Explanation

Total Assets is connected with ROA %.

Southpoint Bancshares's annualized ROA % for the quarter that ended in Dec. 2023 is

ROA %=Net Income (Q: Dec. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Dec. 2023 ))/ count )
=15.589/( (1366.691+1658.997)/ 2 )
=15.589/1512.844
=1.03 %

Note: The Net Income data used here is one times the annual (Dec. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Southpoint Bancshares's Asset Turnover for the quarter that ended in Dec. 2023 is

Asset Turnover
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Dec. 2022 )+Total Assets (Q: Dec. 2023 ))/ count )
=59.132/( (1366.691+1658.997)/ 2 )
=59.132/1512.844
=0.04

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Southpoint Bancshares Total Assets Related Terms

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Southpoint Bancshares Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Southpoint Bancshares Inc (OTCPK:SOUB) » Definitions » Total Assets
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Traded in Other Exchanges
N/A
Address
3501 Grandview Parkway, Birmingham, AL, USA, 35243
Website
https://www.southpoint.bank
Southpoint Bancshares Inc operates in the domestic commercial banking industry. The Bank provides full-service banking to customers located in central Alabama. The Bank operates from its ten branch locations in central Alabama, and five loan production offices located throughout the State of Alabama. SPB Properties, LLC holds certain assets of the Bank and is a wholly owned subsidiary of the Bank.

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