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First Bank: Strong Loan Growth Makes Shares Attractive
Seeking Alpha· 2025-07-25 16:10
Shares of First Bank (NASDAQ: FRBA ) have been a modest performer over the past year, returning just 3% and missing out on much of the broader market’s upside. While the company has been aggressively growing itsOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know!Analyst’s Disclosure:I/we ...
First Bank(FRBA) - 2025 Q2 - Earnings Call Transcript
2025-07-23 14:02
First Bank (FRBA) Q2 2025 Earnings Call July 23, 2025 09:00 AM ET Company ParticipantsPatrick Ryan - President & CEOAndrew Hibshman - EVP & CFODarleen Gillespie - EVP & Chief Retail Banking OfficerPeter Cahill - EVP & Chief Lending OfficerConference Call ParticipantsJustin Crowley - Senior Research AnalystManuel Navas - MD & Senior Research AnalystNone - AnalystOperatorHello, and thank you for standing by. My name is Bella, and I will be your conference operator today. At this time, I would like to welcome ...
First Bank(FRBA) - 2025 Q2 - Earnings Call Transcript
2025-07-23 14:00
First Bank (FRBA) Q2 2025 Earnings Call July 23, 2025 09:00 AM ET Speaker0Hello, and thank you for standing by. My name is Bella, and I will be your conference operator today. At this time, I would like to welcome everyone to First Bank Earnings Conference Call Second Quarter twenty twenty five. Simply press star then the number 1 on your telephone keypad. To withdraw your question, press one again.I would now like to turn the conference over to Mr. Patrick Ryan, President and CEO. You may begin.Speaker1Tha ...
First Bank (FRBA) Q2 Earnings Lag Estimates
ZACKS· 2025-07-22 22:46
Group 1 - First Bank reported quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.43 per share, and down from $0.47 per share a year ago, representing an earnings surprise of -4.65% [1] - The company posted revenues of $36.71 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 3.50%, compared to year-ago revenues of $31.23 million [2] - Over the last four quarters, First Bank has surpassed consensus revenue estimates three times [2] Group 2 - The stock has gained approximately 10.4% since the beginning of the year, outperforming the S&P 500's gain of 7.2% [3] - The current consensus EPS estimate for the coming quarter is $0.46 on revenues of $36.42 million, and for the current fiscal year, it is $1.69 on revenues of $142.94 million [7] - The Zacks Industry Rank for Banks - Northeast is currently in the top 30% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]
First Bank Announces Second Quarter 2025 Net Income of $10.2 Million
Globenewswire· 2025-07-22 20:37
Results highlighted by robust loan growth, strong net interest margin, and continued operating efficiencyHAMILTON, N.J. , July 22, 2025 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) ("the Bank") today announced results for the second quarter of 2025. Net income for the second quarter of 2025 was $10.2 million, or $0.41 per diluted share, compared to $11.1 million, or $0.44 per diluted share, for the second quarter of 2024. Return on average assets, return on average equity and return on averag ...
Earnings Preview: First Bank (FRBA) Q2 Earnings Expected to Decline
ZACKS· 2025-07-15 15:06
Company Overview - First Bank (FRBA) is anticipated to report a year-over-year decline in earnings of 8.5%, with expected earnings of $0.43 per share for the quarter ended June 2025, while revenues are projected to increase by 13.6% to $35.47 million [3][11] Earnings Expectations - The upcoming earnings report is scheduled for July 22, and the stock may experience upward movement if the reported numbers exceed expectations, whereas a miss could lead to a decline [2][3] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [4] Earnings Surprise Prediction - The Most Accurate Estimate for First Bank is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -1.18%, suggesting a bearish outlook from analysts [11] - The Zacks Rank for First Bank is currently 3 (Hold), complicating predictions of an earnings beat [11] Historical Performance - In the last reported quarter, First Bank was expected to post earnings of $0.39 per share but delivered $0.37, resulting in a surprise of -5.13% [12] - Over the past four quarters, First Bank has beaten consensus EPS estimates two times [13] Industry Comparison - Washington Trust Bancorp (WASH), another player in the Zacks Banks - Northeast industry, is expected to report earnings of $0.63 per share, with revenues projected to rise by 11.8% to $53.92 million [17][18] - Washington Trust also has a Zacks Rank of 3 and an Earnings ESP of -10.64%, indicating a similar challenge in predicting an earnings beat [19]
First Bank Announces Second Quarter 2025 Earnings Conference Call
Globenewswire· 2025-07-02 19:52
Core Viewpoint - First Bank is set to discuss its financial and operational performance for the second quarter of 2025 during an upcoming earnings conference call scheduled for July 23, 2025 [1] Group 1: Conference Call Details - The earnings conference call will take place on July 23, 2025, at 9:00 a.m. Eastern Time [1] - Key executives including the President, CFO, Chief Lending Officer, and Chief Retail Banking Officer will present the second quarter results [1] - The management presentation is expected to last approximately 15 to 30 minutes, followed by a Q&A session with investors [1] Group 2: Company Overview - First Bank is a New Jersey state-chartered bank with 27 full-service branches located in New Jersey and Pennsylvania, as well as Palm Beach, Florida [2] - As of March 31, 2025, First Bank has total assets amounting to $3.88 billion [2] - The bank offers a traditional range of deposit and loan products primarily serving individuals and businesses in the New York City to Philadelphia corridor [2]
First Bank Announces Completion of $35 Million Subordinated Debt Offering
Globenewswire· 2025-06-18 20:30
HAMILTON, N.J., June 18, 2025 (GLOBE NEWSWIRE) -- First Bank (the “Bank”) (NASDAQ: FRBA) today announced the closing of a $35.0 million private placement of fixed-to-floating rate subordinated notes. The Bank plans to use the proceeds to redeem its outstanding $30.0 million of subordinated notes and for general corporate purposes. The notes have a maturity date of June 30, 2035, and carry a fixed rate of interest of 7.125% for the first five years. Thereafter, the notes will pay interest at a floating rate, ...
FIRST BANK NAMES NEW CHIEF CREDIT OFFICER
Prnewswire· 2025-06-04 18:00
Group 1 - First Bank appointed Larry Jackson as the new Chief Credit Officer, effective April 2025, bringing over 21 years of experience in credit risk management [1][2] - CEO Adam Currie expressed excitement about Jackson's appointment, highlighting his expertise and leadership skills as vital for the bank's growth [2] - Jackson is relocating to Greensboro with his family and is committed to community involvement, aligning with the bank's values [2] Group 2 - First Bank, a subsidiary of First Bancorp, is headquartered in Southern Pines, North Carolina, with total assets of approximately $12.1 billion [3] - The bank operates 113 branches in North Carolina and South Carolina, focusing on tailored banking solutions and local expertise [3] - First Bancorp's common stock is traded on the NASDAQ under the symbol "FBNC" [3]
First Bank (FRBA) is on the Move, Here's Why the Trend Could be Sustainable
ZACKS· 2025-05-15 13:50
Core Viewpoint - The article emphasizes the importance of timing and sustainability in stock trends for successful short-term investing, highlighting the need for strong fundamentals and positive earnings revisions to maintain momentum. Group 1: Stock Performance - First Bank (FRBA) has shown a solid price increase of 0.7% over the past 12 weeks, indicating investor willingness to pay more for potential upside [4] - Over the last four weeks, FRBA's price increased by 13.9%, suggesting that the upward trend is still intact [5] - FRBA is currently trading at 87% of its 52-week high-low range, indicating a potential breakout [5] Group 2: Fundamental Strength - FRBA holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6] - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7] Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks like FRBA that are on an uptrend supported by strong fundamentals [3] - The article suggests exploring over 45 Zacks Premium Screens tailored to different investing styles to find potential winning stocks [8]