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 ...

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 ...