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, ...

GREENSBORO, N.C., June 4, 2025 /PRNewswire/ -- First Bank is pleased to announce the appointment of Larry Jackson as its new Chief Credit Officer, effective April 2025. Jackson will be based at the bank's Greensboro office located at 101 N Spring Street.Larry brings over 21 years of extensive experience in the financial services industry, with a distinguished career focused on credit risk management. He joins First Bank from PNC, where he most recently served as Market Credit Executive.  Chief Credit Of ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, ...

-1- Financial Results First Quarter 2025 April 24, 2025 -2- AGENDA | 1 | 1Q 2025 – | Quarter Highlights | Aurelio Alemán, President and Chief Executive Officer | | --- | --- | --- | --- | | 2 | 1Q 2025 – | Results of Operations | Orlando Berges, | | | | | Executive Vice President and Chief Financial Officer | | 3 | 1Q 2025 – | Questions and Answers | | -3- FIRST QUARTER 2025 Financial Performance Highlights FORWARD LOOKING STATEMENTS This presentation contains "forward-looking statements" concerning the Cor ...

First Bank (FRBA) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The power of a cha ...

First Bank (NASDAQ:FRBA) Q1 2025 Earnings Conference Call April 23, 2025 9:00 AM ET Company Participants Patrick Ryan - President & CEO Andrew Hibshman - CFO Darleen Gillespie - Chief Retail Banking Officer Peter Cahill - Chief Lending Officer Conference Call Participants Justin Crowley - Piper Sandler Manuel Navas - D.A. Davidson David Bishop - Hovde Group Operator Thank you for standing by. My name is Angela, and I'll be your conference operator today. At this time, I would like to welcome everyone to Fir ...

First Bank (FRBA) Q1 2025 Earnings Call April 23, 2025 09:00 AM ET Company Participants Patrick Ryan - President & Chief Executive OfficerAndrew Hibshman - EVP & CFODarleen Gillespie - EVP & Chief Retail Banking OfficerPeter Cahill - Executive VP & Chief Lending OfficerDavid Bishop - Director - Research Department Conference Call Participants Justin Crowley - Research AnalystManuel Navas - MD & Senior Research Analyst Operator Hello. Thank you for standing by. Go ahead. Thank you for standing by. My name is ...

Results highlighted by strong loan growth, continued operating efficiency, and solid asset qualityHAMILTON, N.J., April 22, 2025 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) ("the Bank") today announced results for the first quarter of 2025. Net income for the first quarter of 2025 was $9.4 million, or $0.37 per diluted share, compared to $12.5 million, or $0.50 per diluted share, for the first quarter of 2024. Return on average assets, return on average equity and return on average tangible ...

HAMILTON, N.J., April 22, 2025 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) ("the Bank") today announced results for the first quarter of 2025. Net income for the first quarter of 2025 was $9.4 million, or $0.37 per diluted share, compared to $12.5 million, or $0.50 per diluted share, for the first quarter of 2024. Return on average assets, return on average equity and return on average tangible equityi for the first quarter of 2025 were 1.00%, 9.20% and 10.54%, respectively, compared to 1.41 ...

Patrick L. Ryan, President and Chief Executive Officer, Andrew L. Hibshman, Chief Financial Officer, Peter J. Cahill, Chief Lending Officer, and Darleen Gillespie, Chief Retail Banking Officer will provide an overview of first quarter 2025 results. The management presentation typically lasts approximately fifteen to thirty minutes, followed by investor questions and discussion. The Company's first quarter results will be released after the market closes on Tuesday, April 22, 2025 and will also be available ...