Welcome to our dedicated page for First Res Bank news (Ticker: FRSB), a resource for investors and traders seeking the latest updates and insights on First Res Bank stock.
First Resource Bancorp, Inc. (OTCQX: FRSB) is the holding company for First Resource Bank, a Pennsylvania state‑chartered community bank serving businesses, professionals and individuals in the Delaware Valley. The company’s news flow centers on its commercial banking activities, financial performance and capital management decisions.
On this page, readers can review press releases and third‑party coverage related to FRSB. Recent company announcements have focused on quarterly and annual financial results, highlighting trends in net income, net interest margin, loan and deposit growth, and credit quality. These releases provide detail on the composition of the loan portfolio across commercial real estate, commercial construction, commercial business and consumer loans, as well as changes in deposit mix and the proportion of insured or collateralized deposits.
News items also cover capital and corporate actions, such as subordinated debt offerings structured to qualify as Tier 2 capital, stock repurchase program authorizations and activity under those programs. Governance and leadership updates, including the appointment of new directors and senior commercial lending executives, are another recurring theme in the company’s communications.
In addition, First Resource Bancorp, Inc. regularly reports external recognitions, such as workplace awards and rankings among community banks, along with commentary on its community banking mission and local market conditions. Investors and observers who follow FRSB news can use this page to monitor the bank’s reported performance, balance sheet trends, credit metrics and strategic initiatives over time. For ongoing research on this commercial banking stock, consider returning to this news feed to see newly released earnings updates, capital announcements and organizational developments.
First Resource Bancorp (OTCQX: FRSB) declared its first regular quarterly cash dividend of $0.02 per share on February 18, 2026. The dividend is payable on March 20, 2026 to shareholders of record as of March 6, 2026.
Management said the initial dividend reflects strong financial performance, balance sheet strength, and a focus on shareholder returns, marking a milestone after twenty years in business.
First Resource Bancorp (OTCQX: FRSB) reported record 2025 results: net income $8.2M (+54%), loans +13%, deposits +31%, and total assets $817.4M (+23%). Return on average equity rose to 14.99% and EPS was $2.72. NIM expanded to 3.75% and book value per share reached $19.56 (+17%).
Fourth-quarter net income was $2.3M ($0.78 per share); liquidity improved with loan-to-deposit at 93.5% and core deposit growth in Q4.
First Resource Bancorp (OTCQX: FRSB) completed a private placement of $8.0 million in subordinated notes on Dec 16, 2025.
Proceeds will support First Resource Bank's growth and operations and retire $6.0 million of existing subordinated debt. The notes mature Dec 15, 2035, carry a 6.00% fixed interest rate, are redeemable beginning Dec 15, 2030, and are structured to qualify as Tier 2 regulatory capital.
First Resource Bank (FRSB) was named Best Bank in Chester County for the ninth consecutive year by Daily Local News readers on Nov. 19, 2025. The bank cites a community-focused model, complementary honors as a Best Places to Work and Best Bank on the Main Line, and 2025 community contributions of over $500,000 plus hundreds of volunteer hours. The release emphasizes customer-focused free products, local banking services, and ongoing commitment to employees, shareholders, and the Delaware Valley community.
First Resource Bank (OTCQX: FRSB) announced it was named Best Bank in Chester County for the ninth consecutive year by readers of the Daily Local News on Nov 19, 2025.
The release highlights two additional recent honors: named a Best Places to Work by the Philadelphia Business Journal and voted Best Bank on the Main Line by Main Line Times readers. In 2025 the bank contributed over $500,000 to local schools, businesses, and civic groups and employees volunteered hundreds of hours.
First Resource Bancorp (OTCQX: FRSB) reported Q3 2025 results for the quarter ended September 30, 2025, showing continued earnings and balance-sheet expansion.
Key highlights: Net income $2.3M (+39% YoY), EPS $0.75 (+42% YoY), net interest margin 3.87% (Q3), total assets $724.9M (surpassed $700M), loans $655.3M (+12% YoY), deposits $630.8M (+15% YoY), and book value per share $18.79.
First Resource Bancorp (OTCQX:FRSB) reported record-breaking Q2 2025 financial results, with net income growing 41% year-over-year to $1.9 million, or $0.63 per share. The bank achieved significant milestones with its net interest margin expanding to 3.72% from 3.50% in Q4 2024.
Key performance metrics include 13% annualized loan growth and 18% annualized deposit growth during Q2. Total assets reached $697.3 million, up 3% quarter-over-quarter, while maintaining strong asset quality with non-performing assets at just 0.03% of total assets. The bank's book value per share increased 4% to $18.00.
First Resource Bancorp (OTCQX: FRSB) reported strong Q1 2025 financial results, with net income reaching $1.7 million, up 27% year-over-year and 67% from the previous quarter. The bank achieved earnings per share of $0.56, a 30% increase from Q1 2024.
Key highlights include net interest margin expansion to 3.60%, total interest income growth of 16% year-over-year, and total deposits increasing by 4% during the quarter. The bank's total assets grew by $11.7 million to $675.3 million, while non-performing assets decreased to 0.04% from 0.19% in the previous quarter.
The loan portfolio expanded by 1% to $605.0 million, with growth in commercial business, construction, and consumer loans. Book value per share increased 4% to $17.34, and the company continued its stock repurchase program, buying back 9,248 shares at an average price of $14.62.
First Resource Bancorp (OTCQX: FRSB) has announced the appointment of Jim Egan as Senior Vice President of Commercial Lending. Egan brings 40 years of banking industry experience, including 38 years at Bryn Mawr Trust where he served as Chief Commercial Lending Officer and Head of Commercial Real Estate.
In his new role at First Resource Bank, Egan will focus on developing new business opportunities, particularly in loans, cash management, and deposit solutions. His appointment aligns with the bank's community-focused approach and expansion in the Wayne, PA market. As a Chester County resident with over 40 years of community involvement, including service on the American Red Cross Golf Committee and Ardmore Rotary, Egan plans to continue his community engagement to strengthen First Resource Bank's local presence.
First Resource Bancorp (OTCQX: FRSB) reported financial results for Q4 and full-year 2024. Key highlights include 13% loan growth, 11% deposit growth, and 10% asset growth year-over-year. Net income for Q4 2024 was $1.0 million ($0.33 per share), down from $1.6 million ($0.53 per share) in Q4 2023. Full-year 2024 net income was $5.3 million ($1.73 per share), a 10% decrease from 2023.
The bank's net interest margin improved to 3.50% in Q4 2024, up from 3.43% in Q3. Total interest income grew 24% year-over-year. However, results were impacted by a $1.0 million specific reserve established for a non-performing commercial loan. The company implemented a 5% stock repurchase program and issued $2.5 million in subordinated debt during 2024. Book value per share increased 12% to $16.73.