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First Bank - $FRBA STOCK NEWS

Welcome to our dedicated page for First Bank news (Ticker: $FRBA), a resource for investors and traders seeking the latest updates and insights on First Bank stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect First Bank's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of First Bank's position in the market.

Rhea-AI Summary
First Bank announced a strong first quarter 2024 with net income of $12.5 million, reflecting improved profitability metrics, steady asset quality, and growth in tangible book value per share. The Bank's return on average assets, equity, and tangible equity all saw significant increases compared to the prior year. Net interest income, non-interest income, and total assets also showed positive trends. However, non-interest expenses rose, impacting the Bank's overall performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.36%
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Rhea-AI Summary
First Bank (FRBA) to discuss financial performance in Q1 2024 in upcoming conference call. Management to present results on April 23, 2024, with a replay available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.85%
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Rhea-AI Summary
First Bank (FRBA) announced Q4 and full year 2023 results, with net income of $8.4 million for Q4 and $20.9 million for the full year. Total net revenue for Q4 was $28.0 million, marking an 11.1% increase from the prior year quarter. The Bank's total assets increased by 32.1% to $3.61 billion, with total loans growing by 29.2% to $3.02 billion at December 31, 2023. Nonperforming assets increased slightly to 0.69% of total assets at December 31, 2023. The Bank's liquidity position was strengthened, and it received regulatory approvals to retire $25 million of subordinated notes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Rhea-AI Summary
First Bank (FRBA) to Discuss Fourth Quarter 2023 Financial Results in Conference Call
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.75%
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Rhea-AI Summary
First Bank announces Q3 2023 financial results, net loss of $1.3 million. Completed Malvern Bancorp merger. Total assets exceed $3.5 billion. Improved geographic diversification. Projected earnings profile. Adjusted diluted EPS of $0.42. Adjusted ROAA of 1.13%. Adjusted ROATE of 13.23%. Total loans increase by 24.0%. Total deposits increase by 23.6%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.89%
Tags
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Rhea-AI Summary
First Bank (FRBA) to hold earnings conference call for Q3 2023 on October 26, 2023 at 9:00 a.m. ET.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.65%
Tags
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.94%
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Rhea-AI Summary
First Bank completes acquisition of Malvern Bancorp, expanding its presence in the New York City to Philadelphia corridor.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.68%
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Rhea-AI Summary
First Bank and Malvern Bancorp receive regulatory approvals for acquisition
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.19%
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none
Rhea-AI Summary
First Bank (FRBA) will hold an earnings conference call to discuss its financial and operating performance for Q2 2023 on July 27, 2023 at 9:00 a.m. ET. The call will include an overview of the results by the President and CEO, CFO, and Chief Lending Officer. The Q2 results will be released on July 26, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.8%
Tags
First Bank

Nasdaq:FRBA

FRBA Rankings

FRBA Stock Data

308.48M
19.67M
7.01%
51.17%
0.55%
Commercial Banking
Finance and Insurance
Link
United States of America
Hamilton