First Bank (NASDAQ:FRBA) Q3 2024 Earnings Call October 24, 2024 9:00 AM ET Company Participants Patrick Ryan - President and Chief Executive Officer Andrew Hibshman - Chief Financial Officer Darleen Gillespie - Chief Retail Banking Officer Peter Cahill - Chief Lending Officer Conference Call Participants Justin Crowley - Piper Sandler Manuel Naves - D.A. Davidson Operator Thank you for standing by. My name is Ian, and I will be your conference operator today. At this time, I would like to welcome everyone t ...

1 First BanCorp Financial Results 3Q 2024 m ITT II TI 000000000 2 FORWARD LOOKING STATEMENTS This presentation contains "forward-looking statements" concerning the Corporation's future economic, operational and financial performance. The words or phrases "expect," "anticipate," "intend," "should," "would," "will," "plans," "forecast," "believe" and similar expressions are meant to identify "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 2 ...

First Bank (FRBA) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.42 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -17.07%. A quarter ago, it was expected that this company would post earnings of $0.40 per share when it actually produced earnings of $0.47, delivering a surprise of 17.50%.Over the last four quarters, the company has ...

Results reflect strong loan and deposit growth, solid asset quality, and balance sheet optimization initiatives HAMILTON, N.J., Oct. 23, 2024 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) (the Bank) today announced results for the third quarter of 2024. Net income for the third quarter of 2024 was $8.2 million, or $0.32 per diluted share. Return on average assets, return on average equity and return on average tangible equity[i] for the third quarter of 2024 were 0.88%, 8.15% and 9.42%, respec ...

RICHLAND, Wash. and KENNEWICK, Wash., Oct. 08, 2024 (GLOBE NEWSWIRE) -- HAPO Community Credit Union, a leading credit union, and Community First Bank, a trusted provider of financial services in Tri Cities region, jointly announced today that they have entered into a definitive agreement under which HAPO Community Credit Union will acquire Community First Bank. The transaction is structured as a purchase and assumption agreement for HAPO Community Credit Union to acquire and assume substantially all the ass ...

HAMILTON, N.J., Sept. 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 third quarter ending on September 30, 2024. Event: Earnings Conference Call – Third Quarter 2024 When: Thursday, October 24, 2024 at 9:00 a.m. Eastern Time Access: Conference Call Dial-In: (800) 715-9871 (toll free) Conference Call Access Code: 1578641 Patrick L. Ryan, President and Chief Executive Office ...

Company Participants Conference Call Participants Operator I will now hand today's call over to Patrick Ryan, President and CEO. Please go ahead, sir. Thank you. I'd like to welcome everyone today to First Bank's second quarter 2024 earnings call. I'm joined by Andrew Hibshman, our Chief Financial Officer; Darleen Gillespie, our Chief Retail Banking Officer; and Peter Cahill, our Chief Lending Officer. Andrew Hibshman We may not update any forward-looking statements we make today for future events or develo ...

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 ...