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.
First Bank (FRBA) maintains this dedicated news hub for investors and stakeholders seeking authoritative updates about this full-service commercial banking institution. Our curated collection features official press releases and verified news coverage spanning financial results, strategic initiatives, and market developments.
Visitors gain access to essential updates including quarterly earnings announcements, regulatory filings, and leadership changes, alongside developments in digital banking platforms and community banking programs. The repository serves both casual observers and professional analysts needing comprehensive tracking of FRBA's business activities.
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First Bank (FRBA) reported Q1 2025 net income of $9.4 million ($0.37 per diluted share), down from $12.5 million ($0.50 per diluted share) in Q1 2024. Key highlights include:
Total loans grew to $3.24 billion, increasing 11.8% annualized from Q4 2024. Total deposits reached $3.12 billion, up 8.5% annualized from previous quarter. Net interest margin improved to 3.65%, up 11 basis points from Q4 2024.
The bank maintained strong asset quality with nonperforming assets at 0.42% of total assets, improving from 0.46% in Q4 2024. The efficiency ratio remained below 60% for the 23rd consecutive quarter. First Bank continues its strategic evolution from a traditional community bank to a full-service, middle market commercial bank, focusing on C&I lending and deposit-focused business units.
First Bank (FRBA) has scheduled its first quarter 2025 earnings conference call for Wednesday, April 23, 2025, at 9:00 a.m. Eastern Time. The company will release its Q1 2025 financial results after market close on Tuesday, April 22, 2025.
The conference call will feature presentations from key executives including Patrick L. Ryan (President and CEO), Andrew L. Hibshman (CFO), Peter J. Cahill (Chief Lending Officer), and Darleen Gillespie (Chief Retail Banking Officer). Management will provide a 15-30 minute presentation followed by a Q&A session. Investors can access the call using the toll-free number (800) 715-9871 with access code 3909613.
First Bank (FRBA) reported strong Q4 2024 results with net income of $10.5 million ($0.41 per diluted share), up from $8.4 million in Q4 2023. Full-year 2024 net income reached $42.2 million ($1.67 per diluted share), compared to $20.9 million in 2023.
Key Q4 2024 highlights include total loans of $3.14 billion (7.3% annualized growth), total deposits of $3.06 billion, and tangible book value per share growth to $14.19. The bank maintained strong asset quality with nonperforming assets at 0.46% of total assets. Total net revenue increased 20.6% year-over-year to $33.8 million.
The bank's efficiency ratio remained below 60% for the 22nd consecutive quarter while investing in technology and new business units. First Bank is expanding its community banking network with new branches in Trenton, NJ and Media, PA, and implementing online banking platform upgrades.
First Bank (FRBA) has scheduled its fourth quarter 2024 earnings conference call for Friday, January 24, 2025, at 9:00 a.m. Eastern Time. The company will release its Q4 2024 results after market close on Thursday, January 23, 2025.
The conference call will feature presentations from key executives including Patrick L. Ryan (President and CEO), Andrew L. Hibshman (CFO), Peter J. Cahill (Chief Lending Officer), and Darleen Gillespie (Chief Retail Banking Officer). The management presentation is expected to last between fifteen to thirty minutes, followed by an investor Q&A session.
Investors can access the call using the toll-free dial-in number (800) 715-9871 with access code 5565911. A replay of the conference will be available on the company's website at www.firstbanknj.com.
First Bank (FRBA) reported Q3 2024 net income of $8.2 million, or $0.32 per diluted share, compared to a net loss of $1.3 million in Q3 2023. Total loans grew to $3.09 billion, increasing 11.9% annualized from Q2 2024, while deposits reached $3.05 billion, up 11.1% annualized. The bank's tangible book value per share increased to $13.84, growing 11.2% annualized. Asset quality remained strong with nonperforming assets decreasing to 0.47% of total assets. The bank completed strategic initiatives including investment securities sales and BOLI portfolio restructuring, maintaining an efficiency ratio below 60% for the 21st consecutive quarter.
First Bank (Nasdaq: FRBA) has announced its upcoming Third Quarter 2024 Earnings Conference Call, scheduled for Thursday, October 24, 2024, at 9:00 a.m. Eastern Time. The call will discuss the company's financial and operating performance for the quarter ending September 30, 2024. Participants can access the call via the toll-free number (800) 715-9871 using the access code 1578641.
Key executives, including Patrick L. Ryan (President and CEO), Andrew L. Hibshman (CFO), Peter J. Cahill (Chief Lending Officer), and Darleen Gillespie (Chief Retail Banking Officer), will present an overview of the quarter's results. The presentation is expected to last 15-30 minutes, followed by a Q&A session. The Q3 2024 results will be released after market close on Wednesday, October 23, 2024, and will be available on the company's website.
First Bank (FRBA) reported net income of $11.1 million for Q2 2024, or $0.44 per diluted share, up from $6.8 million in Q2 2023. Key highlights include:
- Return on average assets increased to 1.23%
- Net interest margin rose to 3.62%
- Total deposits remained stable at $2.97 billion
- Total loans were $3.00 billion
- Nonperforming assets decreased to 0.56% of total assets
- Tangible book value per share grew to $13.46
The bank maintained a strong capital position and continued to prioritize commercial and industrial lending while reducing its investor real estate portfolio. First Bank also declared a quarterly cash dividend of $0.06 per share.
First Bank (Nasdaq: FRBA) will host an earnings conference call on July 25, 2024, at 9:00 a.m. Eastern Time to discuss its financial and operating performance for the second quarter ending June 30, 2024. The event will be led by key executives including Patrick L. Ryan, CEO, and Andrew L. Hibshman, CFO. The results will be released after the market closes on July 24, 2024, and will be available on the company's website. The call will consist of a management presentation followed by a Q&A session with investors. Access to the call is available via dial-in at (800) 715-9871 using the access code 8550862. Replay information will also be posted on the company’s website.
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