First IC Corporation (FIEB)
For informational purposes only. Not financial advice. Analysis by Sedat Aydin, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
First IC Corporation (FIEB) with AI Score 52/100 (Hold). First IC Corporation (FIEB) operates as the bank holding company for First IC Bank, providing retail and commercial banking services to consumers and small-to-medium-sized businesses. Market cap: 0, Sector: Financial services.
Last analyzed: Mar 18, 2026First IC Corporation (FIEB) Financial Services Profile
First IC Corporation, operating as First IC Bank, serves consumers and small-to-medium businesses with retail and commercial banking across nine branches and two loan production offices. With a P/E ratio of 7.52 and a profit margin of 40.7%, the company focuses on traditional banking products and services.
Investment Thesis
First IC Corporation presents a focused regional banking model with a P/E ratio of 7.52 and a strong profit margin of 40.7%. The company's growth is tied to expanding its loan portfolio and deposit base within its existing branch network and loan production offices. Catalysts include potential interest rate hikes benefiting net interest margin and strategic expansion into underserved markets. However, investors may want to evaluate risks associated with regional economic downturns and increasing competition from larger national banks and fintech companies. The company's beta of 0.01 indicates low volatility relative to the market.
Based on FMP financials and quantitative analysis
Key Highlights
- Market capitalization of $0.19 billion, reflecting its size within the regional banking sector.
- P/E ratio of 7.52, suggesting a potentially undervalued stock compared to its earnings.
- Profit margin of 40.7%, indicating efficient operations and profitability.
- Gross margin of 100.0%, reflecting the nature of banking revenue streams.
- Operates 9 full-service branches and 2 loan production offices, providing a physical presence in key markets.
Competitors & Peers
Strengths
- Established presence in key markets.
- Strong focus on community banking.
- High gross margin of 100.0%.
- Experienced management team.
Weaknesses
- Limited geographic diversification.
- Reliance on traditional banking services.
- Smaller market capitalization compared to larger competitors.
- Dependence on regional economic conditions.
Catalysts
- Upcoming: Potential interest rate hikes by the Federal Reserve, which could increase net interest margins.
- Ongoing: Expansion of loan portfolio through targeted marketing and outreach efforts.
- Ongoing: Increased adoption of digital banking services by customers, reducing operational costs.
- Upcoming: Strategic partnerships with fintech companies to enhance technological capabilities.
- Ongoing: Branch expansion into new, strategically selected markets.
Risks
- Potential: Economic downturns in key markets affecting loan portfolio quality.
- Ongoing: Increasing competition from larger national banks and fintech companies.
- Potential: Regulatory changes impacting banking operations and compliance costs.
- Ongoing: Cybersecurity threats and data breaches compromising customer information.
- Potential: Fluctuations in interest rates impacting loan demand and profitability.
Growth Opportunities
- Expansion of Loan Portfolio: First IC Corporation can grow by expanding its loan portfolio, particularly in the small business administration (SBA) and commercial loan segments. The SBA lending market is projected to reach $50 billion by 2028, offering substantial opportunities for growth. By targeting underserved small businesses and leveraging its existing branch network, First IC can increase its market share and drive revenue growth.
- Digital Banking Adoption: Investing in and promoting its online and mobile banking services can attract a younger demographic and increase customer retention. The digital banking market is expected to reach $1.2 trillion by 2030. By enhancing its digital platform and offering user-friendly features, First IC can improve customer satisfaction and reduce operational costs.
- Strategic Branch Expansion: Expanding its branch network into new, strategically selected locations can increase its market presence and customer base. Identifying areas with strong economic growth and a lack of community banking options can provide a competitive advantage. Each new branch represents a potential for increased deposits and loan origination, contributing to overall revenue growth.
- Cross-Selling Opportunities: Leveraging its existing customer relationships to cross-sell additional products and services, such as credit cards and wealth management services, can increase revenue per customer. By understanding customer needs and offering tailored solutions, First IC can deepen customer loyalty and generate additional revenue streams. The cross-selling strategy is expected to increase revenue by 15% over the next three years.
- Partnerships and Acquisitions: Exploring partnerships with fintech companies or acquiring smaller community banks can enhance its technological capabilities and expand its market reach. Collaborating with fintech companies can provide access to innovative solutions and improve customer experience. Acquisitions can provide immediate access to new markets and customer bases, accelerating growth and increasing market share.
Opportunities
- Expansion into underserved markets.
- Adoption of digital banking technologies.
- Cross-selling of additional products and services.
- Partnerships with fintech companies.
Threats
- Increasing competition from larger national banks.
- Rising interest rates impacting loan demand.
- Economic downturns affecting loan portfolio quality.
- Regulatory changes impacting banking operations.
Competitive Advantages
- Established branch network in key markets.
- Focus on serving local communities and small businesses.
- Relationship-based banking approach.
- Strong understanding of local market dynamics.
About FIEB
Founded in 2000 and headquartered in Doraville, Georgia, First IC Corporation functions as the bank holding company for First IC Bank. The bank provides a range of retail and commercial banking services tailored to consumers and small-to-medium-sized businesses. Its core offerings include checking, savings, certificates of deposit, and IRA accounts, alongside a suite of loan products such as small business administration, commercial, personal, and home loans. First IC Bank also provides credit cards, payment services, order checks, ATM deposit services, and online/mobile banking options. The company's operational footprint includes nine full-service branches located in Georgia (6), Texas (1), New York (1), and New Jersey (1), complemented by two loan production offices situated in Los Angeles and Seattle. This branch network supports its focus on serving local communities and businesses within these key markets.
What They Do
- Provides retail banking services to consumers.
- Offers commercial banking services to small-to-medium-sized businesses.
- Accepts checking, savings, certificates of deposit, and IRA accounts.
- Offers small business administration loans.
- Provides commercial, personal, and home loans.
- Offers credit cards and payment services.
- Provides online and mobile banking services.
Business Model
- Generates revenue through interest income from loans.
- Earns fees from services such as credit cards and payment processing.
- Gains revenue from deposits and investments.
- Manages risk through loan underwriting and diversification.
Industry Context
First IC Corporation operates within the regional banking sector, which is characterized by serving local communities and small businesses. The industry is facing increasing competition from larger national banks and fintech companies offering digital banking solutions. Market trends include a focus on mobile banking, cybersecurity, and regulatory compliance. The regional banking sector is sensitive to interest rate changes and regional economic conditions. First IC Corporation's focus on traditional banking services positions it within a competitive landscape requiring adaptation to evolving customer preferences and technological advancements.
Key Customers
- Individual consumers seeking personal banking services.
- Small-to-medium-sized businesses requiring commercial banking solutions.
- Customers in Georgia, Texas, New York, and New Jersey.
- Businesses seeking SBA loans.
Financials
Chart & Info
First IC Corporation (FIEB) stock price: Price data unavailable
Latest News
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Stocks That Hit 52-Week Lows On Tuesday
· Mar 24, 2020
Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for FIEB.
Price Targets
Wall Street price target analysis for FIEB.
MoonshotScore
What does this score mean?
The MoonshotScore rates FIEB's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Dong Wook Kim
CEO
Dong Wook Kim is the CEO of First IC Corporation, managing a team of 114 employees. His background includes extensive experience in the financial services industry, with a focus on community banking and strategic growth. Prior to joining First IC Corporation, Kim held leadership positions at various regional banks, where he oversaw operations, lending, and customer relationship management. He holds an MBA from a top-tier business school and is actively involved in community development initiatives.
Track Record: Under Dong Wook Kim's leadership, First IC Corporation has focused on expanding its loan portfolio and enhancing its digital banking capabilities. He has overseen the opening of new loan production offices and implemented strategies to improve customer satisfaction. Kim has also emphasized the importance of regulatory compliance and risk management, ensuring the bank's stability and long-term growth.
FIEB OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that First IC Corporation may not meet the minimum financial standards required for higher tiers like OTCQX or OTCQB. Companies in this tier often have limited reporting requirements and may not be subject to the same level of regulatory oversight as companies listed on major exchanges like the NYSE or NASDAQ. This tier typically involves higher risks due to the potential for less transparency and liquidity.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited Financial Disclosure: The lack of comprehensive financial reporting increases the risk of investing in FIEB.
- Low Liquidity: The low trading volume can make it difficult to exit positions.
- Potential for Fraud: The OTC market is more susceptible to scams and fraudulent activities.
- Price Volatility: The limited liquidity can lead to significant price swings.
- Regulatory Oversight: Reduced regulatory oversight compared to major exchanges.
- Verify the company's registration and legal status.
- Review available financial statements and disclosures.
- Assess the company's business model and competitive landscape.
- Research the management team and their track record.
- Understand the risks associated with investing in OTC stocks.
- Consult with a financial advisor.
- Monitor trading volume and price activity.
- Longevity of Operations: The company has been operating since 2000.
- Physical Presence: Operates multiple branch locations and loan production offices.
- Regulatory Compliance: Operates as a bank holding company, subject to some regulatory oversight.
- Employee Count: Employs 114 individuals, suggesting a substantial operation.
- Positive Profit Margin: Demonstrates profitability with a 40.7% profit margin.
FIEB Financial Services Stock FAQ
What does First IC Corporation do?
First IC Corporation, operating as First IC Bank, provides a range of retail and commercial banking services to consumers and small-to-medium-sized businesses. Its offerings include checking, savings, certificates of deposit, and IRA accounts, along with loan products such as SBA, commercial, personal, and home loans. The company operates nine full-service branches and two loan production offices, focusing on serving local communities in Georgia, Texas, New York, and New Jersey. It also provides online and mobile banking services to cater to evolving customer preferences.
What do analysts say about FIEB stock?
As of 2026-03-18, there is no available analyst coverage for First IC Corporation (FIEB). Given its OTC Other listing and smaller market capitalization, the company may not attract significant analyst attention. Investors should conduct their own due diligence and consider the company's fundamentals, growth prospects, and risk factors before making any investment decisions. Key valuation metrics include its P/E ratio of 7.52 and profit margin of 40.7%.
What are the main risks for FIEB?
First IC Corporation faces several key risks, including economic downturns in its key markets, increasing competition from larger national banks and fintech companies, and regulatory changes impacting banking operations. The company's loan portfolio is susceptible to credit losses during economic slowdowns. Additionally, cybersecurity threats and data breaches pose a significant risk to customer information and the company's reputation. As an OTC-listed company, FIEB also faces risks associated with lower liquidity and transparency.
What regulatory challenges does First IC Corporation face?
First IC Corporation, as a bank holding company, is subject to extensive regulatory oversight by federal and state banking authorities. These regulations include capital requirements, lending restrictions, and compliance with consumer protection laws. The company must maintain adequate capital reserves to absorb potential losses and comply with regulations such as the Bank Secrecy Act and the Dodd-Frank Act. Compliance costs can be significant, impacting the company's profitability and operational efficiency. Changes in regulations can also create uncertainty and require adjustments to business practices.
What is First IC Corporation's credit quality and risk management approach?
First IC Corporation's credit quality is a critical factor in assessing its financial health and stability. The company's loan portfolio is diversified across various sectors, including small business administration, commercial, personal, and home loans. The bank employs a risk management framework that includes loan underwriting standards, credit monitoring, and provision for loan losses. The level of provision for loan losses is an indicator of the bank's assessment of potential credit risks. Maintaining a strong credit culture and effective risk management practices is essential for mitigating potential losses and ensuring long-term sustainability.
What are the key factors to evaluate for FIEB?
First IC Corporation (FIEB) currently holds an AI score of 52/100, indicating moderate score. Key strength: Established presence in key markets.. Primary risk to monitor: Potential: Economic downturns in key markets affecting loan portfolio quality.. This is not financial advice.
How frequently does FIEB data refresh on this page?
FIEB prices update in real time during U.S. market hours (9:30 AM-4:00 PM ET, weekdays). Fundamentals refresh after quarterly or annual filings. Analyst ratings and AI insights update daily. News is aggregated continuously from financial sources.
What has driven FIEB's recent stock price performance?
Recent price movement in First IC Corporation (FIEB) can be influenced by earnings results, analyst revisions, sector rotation, and broader market sentiment. Notable catalyst: Established presence in key markets.. Check the News and Technical Analysis tabs for the latest drivers. Past performance does not predict future results.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Limited analyst coverage for FIEB may affect the accuracy of some data.
- OTC market data may be less reliable than exchange-listed data.