First Bank (FRBA) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $0.36 per share a year ago. These figures are adjusted for nonrecurring items. First Bank, which belongs to the Zacks Banks - Northeast industry, posted revenues of $31.23 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 2.26%. This compares to year-ago revenues of $23.26 million. The company has not been able to beat con ...

_______________ i Return on average tangible equity is a non-U.S. GAAP financial measure and is calculated by dividing net income by average tangible equity (average equity minus average goodwill and other intangible assets). For a reconciliation of this non-U.S. GAAP financial measure, along with the other non-U.S. GAAP financial measures in this press release, to their comparable U.S. GAAP measures, see the financial reconciliations at the end of this press release. | --- | --- | --- | --- | --- | --- | | ...

Shares of First Bank rallied for the sixth straight trading session. Encouraging inflation numbers and a rising unemployment rate are giving confidence to the Federal Reserve that prices will eventually come down toward the 2% target. So, market participants are predicting interest rate cuts as early as during the September FOMC meeting. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate rev ...

ST. PETERSBURG, Fla., July 09, 2024 (GLOBE NEWSWIRE) -- Climate First Bank, the world's first FDICinsured digital community bank founded to combat the climate crisis, announced today the release of its 2023 Impact Report. Committed to its mission and accountability as a leader in values-based banking, Climate First Bank's Impact Report measures its impact on the environment and communities. Outstanding Growth – In 2023, Climate First Bank grew its assets by 93%, loan portfolio by 97% and total deposits by 1 ...

Event: Earnings Conference Call – Second Quarter 2024 Conference Call Access Code: 8550862 About First Bank HAMILTON, N.J., June 26, 2024 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) invites participation in a conference call to discuss the Company's financial and operating performance during its second quarter ending on June 30, 2024. When: Thursday, July 25, 2024 at 9:00 a.m. Eastern Time Access: Conference Call Dial-In: (800) 715-9871 (toll free) Patrick L. Ryan, President and Chief Execut ...

HAMILTON, N.J., June 26, 2024 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) invites participation in a conference call to discuss the Company's financial and operating performance during its second quarter ending on June 30, 2024. When: Thursday, July 25, 2024 at 9:00 a.m. Eastern Time Access: Conference Call Dial-In: (800) 715-9871 (toll free) Patrick L. Ryan, President and Chief Executive Officer, Andrew L. Hibshman, Chief Financial Officer, Peter J. Cahill, Chief Lending Officer, and Darlee ...

"I am deeply honored to receive the Entrepreneur of the Year award on behalf of Climate First Bank. This recognition underscores our commitment to pioneering sustainable banking practices and driving positive environmental impact. We remain steadfast in our mission to lead by example in the banking industry and to empower our customers to make environmentally responsible financial decisions. This accolade inspires us to continue pushing boundaries and setting new standards for sustainable banking," said LaR ...

Republic First Bank was seized by Pennsylvania regulators Friday. The FDIC reached a deal with Fulton Financial (FULT) to assume substantially all deposits and purchase substantially all assets of the Republic Bank.X As of Jan. 21, Republic Bank had about $6 billion in total assets and $4 billion in total deposits. Republic Bank's 32 banks in New Jersey, Pennsylvania and New York will reopen as Fulton Bank branches.The FDIC estimates the deposit insurance cost reflated to Republic Bank's failure at $667 mil ...

ToplineTroubled Philadelphia-based regional bank Republic First Bancorp was seized by Pennsylvania regulators Friday, marking the first regional banking failure this year following a series of high-profile collapses in 2023—though the bank is far smaller than those that collapsed last year and its nearly three dozen branches are set to reopen under a new name.Philadelphia-based Republic First Bancorp was seized by Pennsylvania regulators, the FDIC announced ... [+] on Friday.Getty Images Key FactsThe Pennsy ...

Operator Ladies and gentlemen, thank you for standing by. My name is Abby and I will be your conference operator today. At this time, I would like to welcome everyone to the First Bank FRBA First Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. [Operator Instructions]. Thank you. And I would now like to turn the conference over to Mr. Patrick Ryan, President and CEO. You may be ...