First Insurance an Affiliate of Firstbank Inc
How we got $131.3M
Based on 172 employees reported for PPP in 2021, grown at the industry's Oklahoma rate since.
What we know
Estimated value over time
▲ 25% since 2021Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| FIRST INSURANCE AN AFFILIATE OF FIRSTBANK INC this business | $75.1M | — |
| Al House - 112 W Main St Antlers | $806K | 0.1 mi |
| Farmers Insurance - Al House Antlers | $806K | 0.1 mi |
| Nikki Robinson Farmers Insurance & Financial Services Agent Antlers | $806K | 0.1 mi |
| CAMERON GOODWIN INSURANCE & FINANCIAL SERVICES INC Antlers · 4 employees | $977K | 0.4 mi |
| MILLER INSURANCE, LLC Antlers · 2 employees | $484K | 0.6 mi |
| A Plus Insurance Antlers | $806K | 1.8 mi |
The full calculation
| Employees reported to the SBA | 172 |
| Industry revenue per employee | $179K |
| Revenue = employees × revenue per employee | $75.1M |
| EBITDA margin (industry, adjusted for size) | 19% |
| EBITDA = revenue × margin | $14.6M |
| Cross-check: revenue implied by PPP payroll | $3.0M |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $131.3M |
| Multiple for this size and industry | 9× |
| Value range | $62.1M – $186.4M |
| Revenue range | $44.4M – $88.9M |
| EBITDA range | $8.6M – $17.3M |
| Industry (NAICS) | Insurance Agencies and Brokerages (524210) |
Low confidence: the employee-based and payroll-based estimates differ by more than 2×.
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
People & advisors
Advisors
- BankingFirst United Bank and Trust CompanyPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| First United Bank and Trust Company PPP 2021 | All 2,229 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 3/12/2021 | first | $120K | 172 |
About First Insurance an Affiliate of Firstbank Inc
First Insurance an Affiliate of Firstbank Inc is an insurance agencies company in Antlers, Oklahoma. Its estimated annual revenue is about $75.1M, with roughly $14.6M of EBITDA. It has about 172 employees. Its estimated business value is $131.3M (likely range $62.1M–$186.4M).
Common questions
- Who owns First Insurance an Affiliate of Firstbank Inc?
- The owner of First Insurance an Affiliate of Firstbank Inc isn't in public records we've found yet. If you own or run the business, you can add or correct its details on SeeBITDA.
- How much revenue does First Insurance an Affiliate of Firstbank Inc make?
- SeeBITDA estimates First Insurance an Affiliate of Firstbank Inc's annual revenue at about $75.1M (likely between $44.4M and $88.9M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is First Insurance an Affiliate of Firstbank Inc worth?
- About $131.3M, roughly 9× its estimated EBITDA of $14.6M, typical for a insurance agencies company its size. Likely range: $62.1M–$186.4M.
- How many employees does First Insurance an Affiliate of Firstbank Inc have?
- About 172, as reported on its PPP loan.