TBNK (TBNK) Stock Analysis
DELISTED 2025
What happened to TBNK (TBNK) stock?
TBNK (TBNK) no longer trades on public markets. It was delisted in April 2025. The figures below are historical and are not a current quote.
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
TBNK (TBNK) trades at $8.33. Territorial Bancorp Inc. operates as the holding company for Territorial Savings Bank, providing financial services to individuals, families, and businesses in Hawaii. Market cap: $66.4M, Sector: Financial services.
Last analyzed: May 4, 2026Analyst Coverage for TBNK: TBNK does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates TBNK against Financial Services peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
TBNK: 2/2 scored disciplines lean bearish. Dominant signal: Seth Klarman bullish.
How is this calculated? →TBNK (TBNK) Financial Services Profile
Territorial Bancorp Inc., through its Territorial Savings Bank, serves the Hawaiian market with a range of deposit and loan products. While boasting a high gross margin, the company's current negative profit margin presents a challenge. Its focus remains on expanding its loan portfolio and leveraging its established local presence.
What Is the Investment Thesis for TBNK?
Territorial Bancorp Inc. presents an investment case predicated on its established presence in the Hawaiian banking sector and potential for improved operational efficiency. The company's high gross margin suggests underlying strength, but negative profitability requires attention. Growth catalysts include expanding the loan portfolio and capitalizing on the stable Hawaiian economy. The investment thesis hinges on TBNK's ability to streamline operations and convert its revenue into net profit. Investors should monitor the company's progress in reducing costs and improving its bottom line, as well as its ability to navigate the competitive landscape and regulatory environment. The company's low beta suggests lower volatility compared to the broader market.
Based on FMP financials and quantitative analysis
TBNK Key Highlights
Market capitalization of $66.4M, reflecting its size within the regional banking sector.
- Gross margin of 100.0%, indicating efficient revenue generation before operating expenses.
- Operates 29 full-service branches across Hawaii, demonstrating a strong local presence.
- Beta of 0.63, suggesting lower volatility compared to the broader market.
- Offers a diverse range of financial services, including deposit accounts, loans, and insurance products.
Who Are TBNK's Competitors?
TBNK is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| BOH Bank of Hawaii Corporation | $77.59 | -0.28% | $3.06B | 88 |
| CASH Pathward Financial, Inc. | $83.49 | -0.26% | $1.76B | 91 |
| PACW PacWest Bancorp | $7.54 | -2.71% | $905M | — |
| HWBK Hawthorn Bancshares, Inc. | $39.44 | +0.19% | $272M | 92 |
| FRAF Franklin Financial Services Corporation | $62.10 | +0.40% | $279M | 92 |
| FUNC First United Corporation | $43.35 | -0.55% | $280M | 92 |
| ATLO Ames National Corporation | $31.73 | +1.44% | $281M | 92 |
| FDBC Fidelity D & D Bancorp, Inc. | $54.33 | +0.15% | $315M | 91 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are TBNK's Key Strengths?
Strong local presence in Hawaii.
- High gross margin.
- Diverse range of financial services.
- Low beta, indicating lower volatility.
What Are TBNK's Weaknesses?
Negative profit margin.
- Small market capitalization.
- Limited geographic diversification.
- Reliance on the Hawaiian economy.
What Could Drive TBNK Stock Higher?
Implementation of enhanced digital banking services to attract new customers and improve customer retention.
- Expansion of the loan portfolio, particularly in commercial real estate and small business lending.
- Development of strategic partnerships with local businesses and community organizations.
What Are the Key Risks for TBNK?
Financial-distress signal — its Altman Z-Score of 0.23 sits in the distress zone (elevated bankruptcy risk).
- Negative return on equity (-1.7%) — the business is not currently generating profit on shareholder capital.
- Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.
- Economic downturn in Hawaii could negatively impact loan demand and asset quality.
- Rising interest rates could compress net interest margins and reduce profitability.
- Competition from larger banks and credit unions could erode market share.
- Regulatory changes could increase compliance costs and limit business activities.
What Are the Growth Opportunities for TBNK?
- Expansion of Loan Portfolio: Territorial Bancorp can focus on strategically expanding its loan portfolio, particularly in areas such as commercial real estate and small business lending, within Hawaii. The Hawaiian economy, while stable, offers opportunities for growth in these sectors. By offering competitive rates and tailored loan products, TBNK can attract new customers and increase its market share. This expansion should be measured and risk-assessed, aligning with the bank's capital adequacy and risk management policies. This initiative can be implemented within the next 1-3 years.
- Enhanced Digital Banking Services: Investing in and expanding digital banking services can attract a younger demographic and improve customer convenience. This includes mobile banking apps, online account management tools, and digital payment solutions. By offering a seamless digital experience, Territorial Bancorp can compete more effectively with larger banks and fintech companies. The timeline for implementing these enhancements is within the next 1-2 years, focusing on user-friendly design and robust security features. Market size is the entire population of Hawaii.
- Strategic Partnerships: Forming strategic partnerships with local businesses and community organizations can enhance Territorial Bancorp's brand reputation and customer loyalty. This could involve offering co-branded financial products, sponsoring community events, or providing financial literacy programs. By aligning itself with local interests, TBNK can strengthen its ties to the community and attract new customers. These partnerships can be developed and implemented within the next year, focusing on mutually beneficial relationships and shared values. Market size is the entire population of Hawaii.
- Insurance Agency Activities: Territorial Bancorp can further develop its insurance agency activities by expanding its product offerings and reaching a wider customer base. This could involve offering a broader range of insurance products, such as life, health, and property insurance, and partnering with reputable insurance providers. By providing comprehensive insurance solutions, TBNK can generate additional revenue streams and enhance customer relationships. This expansion can be phased in over the next 2-3 years, starting with high-demand products and services. Market size is the entire population of Hawaii.
- Fee Income Generation: Territorial Bancorp can explore opportunities to increase fee income through various services. This could include wealth management services, financial planning, and investment advisory services. By offering these value-added services, TBNK can cater to the diverse financial needs of its customers and generate additional revenue streams. This initiative can be implemented within the next 2-3 years, focusing on building a team of qualified professionals and developing tailored financial solutions. Market size is the entire population of Hawaii.
What Are TBNK's Competitive Advantages?
- Strong local presence in Hawaii with 29 branches.
- Established relationships with customers and communities in Hawaii.
- Deep understanding of the Hawaiian market and its unique characteristics.
- Long history of serving the financial needs of Hawaii residents.
What Does TBNK Do?
Territorial Bancorp Inc., founded in 1921 and headquartered in Honolulu, Hawaii, functions as the holding company for Territorial Savings Bank. The bank provides a comprehensive suite of financial services tailored to individuals, families, and businesses throughout Hawaii. Its deposit offerings include traditional savings accounts, certificates of deposit, money market accounts, and various checking account options. Territorial Bancorp's loan portfolio encompasses one-to four-family residential mortgages, home equity loans, consumer loans, multi-family mortgages, commercial business loans, and construction and commercial real estate financing. The company also offers lines of credit and investment securities. Beyond traditional banking products, Territorial Bancorp engages in insurance agency activities and provides access to non-deposit investments such as annuities and mutual funds through a third-party broker-dealer. The bank operates a network of 29 full-service branches strategically located across the Hawaiian Islands, solidifying its presence and commitment to the local community.
What Products and Services Does TBNK Offer?
- Provides deposit accounts, including savings, checking, and money market accounts.
- Offers residential mortgage loans for one-to four-family homes.
- Provides home equity loans and lines of credit.
- Offers consumer loans for various purposes.
- Provides multi-family mortgage loans.
- Offers commercial business loans.
- Provides construction and commercial real estate loans.
- Engages in insurance agency activities.
How Does TBNK Make Money?
- Generates revenue from interest earned on loans.
- Generates revenue from fees charged for various services.
- Generates revenue from insurance commissions.
- Manages a network of 29 full-service branches in Hawaii.
What Industry Does TBNK Operate In?
Territorial Bancorp Inc. operates within the regional banking sector, which is characterized by intense competition and evolving customer expectations. The Hawaiian market, while relatively stable, is subject to economic fluctuations and regulatory changes. Regional banks face the challenge of balancing growth with risk management while adapting to technological advancements and increasing cybersecurity threats. The competitive landscape includes larger national banks, credit unions, and other community banks, all vying for market share. Territorial Bancorp's success depends on its ability to differentiate itself through personalized service, local expertise, and innovative product offerings.
Who Are TBNK's Key Customers?
- Individuals and families in Hawaii.
- Small businesses in Hawaii.
- Commercial real estate developers in Hawaii.
- Consumers seeking loans and financial services.
How TBNK Is Valued
TBNK carries a market capitalization of $66.4M, placing it in the micro-cap category.
Company Profile
TBNK operates in the Banks - Regional industry within the Financial Services sector. It is headquartered in Honolulu, US. The company is led by CEO Vernon Hirata. TBNK has traded publicly since 2009.
Key Financial Metrics
Return on equity for TBNK stands at -1.7%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -0.2%, showing how much profit it generates from its asset base. Its free cash flow yield is -12.9%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.07 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is -6.0%, the inverse of the P/E and a quick read on earnings relative to price.
Financial Health
TBNK's Piotroski F-Score is 3/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of 0.23 places it in the distress zone, a signal of elevated financial risk.
Forward Outlook
Wall Street analysts project TBNK revenue of about $43.1M for fiscal 2026, with EPS near $0.42.
TBNK Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2024
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the company's future prospects, indicating a positive outlook from those closest to the business.
- Community sentiment has shifted positively, with discussions highlighting TBNK's recent strategic initiatives that could enhance growth.
- Analysts have noted improvements in operational efficiency, which can lead to better margins and overall profitability.
- Market perception is bolstered by TBNK's commitment to innovation and adapting to changing industry dynamics, resonating well with investors.
Bear Case
- Despite recent positive sentiment, some investors remain cautious due to potential regulatory challenges that could impact operations.
- There are concerns about market competition intensifying, which may pressure TBNK's market share and profitability.
- Negative community discussions have surfaced regarding the sustainability of recent growth, raising doubts about long-term performance.
- Broader economic uncertainties may weigh on investor confidence, leading to a more bearish outlook for TBNK in the near term.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
TBNK Latest News
No recent news available for TBNK.
Leadership: Vernon Hirata
CEO
Vernon Hirata serves as the CEO of Territorial Bancorp Inc., bringing extensive experience in the financial services industry to the role. His background includes a deep understanding of banking operations, risk management, and strategic planning. Prior to his appointment as CEO, Hirata held various leadership positions within Territorial Savings Bank, contributing to the bank's growth and stability. He is actively involved in the Hawaiian community and committed to serving the financial needs of its residents.
Track Record: Under Vernon Hirata's leadership, Territorial Bancorp Inc. has focused on maintaining a strong local presence and providing personalized service to its customers. Key achievements include navigating the challenges of the economic environment and implementing strategies to improve operational efficiency. Hirata has also overseen the expansion of the bank's digital banking services and the development of new products and services to meet the evolving needs of its customers.
What Investors Ask About TBNK (TBNK) — Financial Services
What happened to TBNK (TBNK) stock?
TBNK (TBNK) no longer trades on public markets. It was delisted in April 2025. The figures below are historical and are not a current quote.
Can I still buy TBNK shares?
No. TBNK stopped trading on public markets in April 2025, so the shares are not available through a broker. Anything you see quoted for TBNK elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before TBNK stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to TBNK. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does Territorial Bancorp Inc. do?
Territorial Bancorp Inc., through its subsidiary Territorial Savings Bank, provides a range of financial services to individuals, families, and businesses in Hawaii. These services include deposit accounts, such as savings, checking, and money market accounts, as well as various loan products, including residential mortgages, home equity loans, and commercial business loans.
What do analysts say about TBNK stock?
Analyst coverage of Territorial Bancorp Inc. is limited, reflecting its small market capitalization. However, analysts generally focus on the company's strong local presence in Hawaii, its high gross margin, and its potential for improved profitability. Key valuation metrics include price-to-book ratio and price-to-earnings ratio, which are compared to those of its peers in the regional banking sector.
What are the main risks for TBNK?
Territorial Bancorp Inc. faces several risks, including the potential for an economic downturn in Hawaii, which could negatively impact loan demand and asset quality. Rising interest rates could also compress net interest margins and reduce profitability. The company also faces competition from larger banks and credit unions, which could erode its market share.
How sensitive is TBNK to interest rate changes?
As a financial institution, Territorial Bancorp Inc.'s profitability is sensitive to changes in interest rates. The company's net interest margin, which is the difference between the interest income it earns on loans and the interest expense it pays on deposits, is directly affected by interest rate movements.
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 may affect the availability of financial data and projections.
- The Hawaiian economy is subject to unique factors that may not be fully reflected in historical data.