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.
This resource prioritizes timely updates while maintaining historical context, enabling users to identify strategic patterns and operational milestones. All content undergoes verification to ensure alignment with official corporate communications and regulatory standards.
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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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