First Bank

First Bank is a state-chartered commercial bank, which offers a traditional range of deposit and loan products to individuals and businesses in its Central and Southern New Jersey markets. Its primary focus within community banking encompasses the firm's primary business, which includes providing a wide range of commercial and retail and related banking services. The company was founded on April 23, 2007 and is headquartered in Hamilton, NJ.

Earnings data Q1 2021

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First Bank (FRBA) reports robust Q4 earnings, eyes growth post-Malvern

First Bank (FRBA) delivered a strong Q4 2022 performance with solid profitability metrics and positive growth in tangible book value per share.
While facing challenges like increased deposit costs and stock buyback constraints, the bank remains optimistic for 2023, driven by new initiatives and the Malvern acquisition.
Opportunities lie in revenue enhancements post-merger, improved loan yields, and expense control, positioning First Bank for continued growth and success.
Management's focus on maintaining asset quality, controlling expenses, and leveraging opportunities bodes well for the bank's future performance and shareholder value.

First Bank (FRBA) reports $7.0 million net income in Q1 2023, eyes C&I lending growth and share buybacks

First Bank (FRBA) navigated Q1 2023 with solid financial performance, emphasizing quality loan growth and expense management. Despite challenges in NIM compression and lower non-interest income, the company remains focused on strategic initiatives for future growth. Opportunities in C&I lending, geographic expansion, and share buybacks post-merger offer avenues for enhancing shareholder value.

First Bank (FRBA) reports robust Q2 growth amidst integration challenges

First Bank (FRBA) showcased strong operational performance with notable deposit and loan growth in Q2 2023.
Despite challenges from strategic investments and industry conditions, the bank is focused on profitability and efficiency.
Opportunities lie in the Malvern acquisition for enhanced profitability and in organic growth for expanding revenue streams.
Addressing challenges such as earnings drag and integration issues will be crucial for sustained financial success.

First Bank reports robust Q3 earnings post-Malvern merger success

First Bank's Q3 performance reflects the successful merger with Malvern Bank and progress on Project Sculpt, driving strong financial metrics.
While facing integration challenges and short-term cost increases, the bank is well-positioned for future growth and profitability.
Management's strategic focus on core profitability, asset optimization, and cost efficiency bodes well for sustained earnings growth.
With a healthy loan and deposit pipeline, First Bank is poised to capitalize on opportunities for margin improvement and financial strength.

First Bank (FRBA) reports robust Q4 earnings, eyes organic growth

First Bank's Q4 2023 performance showcased strong core earnings growth, improved margins, and meeting cost savings targets. While facing challenges in non-interest income and balance sheet optimization, the bank remains optimistic about future results and emphasizes organic growth opportunities.

First Bank (FRBA) reports robust Q1 earnings amidst deposit challenges

First Bank (FRBA) delivered a strong quarter with efficient operations and positive financial metrics. While facing challenges in core deposit attraction and noncore items impacting earnings, the bank remains focused on growth opportunities through low-cost deposits and technology investments.

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First Bank is a state-chartered commercial bank, which offers a traditional range of deposit and loan products to individuals and businesses in its Central and Southern New Jersey markets. Its primary focus includes providing a wide range of commercial and retail and related banking services. The company was founded in 2007 and is headquartered in Hamilton, NJ.

ABINGDON, Va., July 16, 2020 /PRNewswire/ -- Jonathan B.

First Bank & Trust Company Commercial Division Continues to Grow

Let's see if First Bank (FRBA) stock is a good choice for value-oriented investors right now from multiple angles.

Should Value Investors Consider First Bank (FRBA) Stock Now?

HAMILTON, N.J., May  29, 2020  (GLOBE NEWSWIRE) -- First Bank (NASDAQ: FRBA) today announced the closing of a $30.0 million private placement of fixed-to-floating rate subordinated notes.  The Bank plans to use the proceeds to redeem $22.0 million outstanding subordinated notes and for general corporate purposes.

First Bank Announces Completion of $30 Million Subordinated Debt Offering

First Bank (FRBA) CEO Patrick Ryan on Q1 2020 Results - Earnings Call Transcript

HAMILTON, N.J., April  16, 2020  (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) (the “Bank”) today announced that due to concerns over the health and well-being of all stakeholders resulting from the public impact of the coronavirus (COVID-19) pandemic and the Executive Order issued by the Governor of New Jersey restricting large gatherings of individuals related to the spread of COVID-19, the Bank will be conducting the 2020 Annual Meeting of Shareholders (the “Annual Meeting”) in a virtual meeting format only, via live webcast on Wednesday, April 29, 2020 at 10:00 am, local time. Shareholders may not attend the meeting in person. 

First Bank to Hold Previously Announced 2020 Annual Shareholders Meeting by Virtual Means Due to Coronavirus Concerns

Although large number of bank failures owing to the coronavirus pandemic is unlikely, less financially sound banks are likely to fail amid recessionary trends.

First Bank Collapses Amid Coronavirus Woes: More in Store?

A small bank in West Virginia has become the first institution to fail during the coronavirus crisis, the Federal Deposit Insurance Corp.

FDIC announces first bank failure of coronavirus crisis

First Bank (FRBA) CEO Patrick Ryan on Q4 2019 Results - Earnings Call Transcript

Net Income is $10.0 Million for the First Nine Months of 2019  

First Bank Reports Third Quarter 2019 Net Income of $2.9 Million

HAMILTON, N.J., Oct.  23, 2019  (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) today announced that its board of directors has authorized, and the Bank has received regulatory approval for the repurchase of up to 1.0 million shares of FRBA common stock in the open market. This program is scheduled to expire on September 30, 2020. Currently First Bank has approximately 20.5 million shares of common stock issued and outstanding. The shares authorized for repurchase under the new program represent approximately 4.9% of First Bank’s outstanding shares.

First Bank Announces Share Repurchase Program

Enhances Market Share in its Home Base of Mercer County Enhances Market Share in its Home Base of Mercer County

First Bank Completes Acquisition of Grand Bank N.A.

First National Corporation, holding company for First Bank of Virginia, is rated as one of the top banks in the state.

First Bank, The Best Bank In Virginia

HAMILTON, N.J., Aug.  29, 2019  (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) today announced that the Bank has received favorable ratings from Kroll Bond Rating Agency (KBRA), a Nationally Recognized Statistical Rating Organization (NRSRO) registered with the U.S. Securities and Exchange Commission (SEC). The announcement was made by Patrick L. Ryan, President and Chief Executive Officer.

First Bank Receives Investment Grade Rating from Kroll Bond Rating Agency

First Bank's (FRBA) CEO Patrick Ryan on Q2 2019 Results - Earnings Call Transcript

First Bank (FRBA) CEO Patrick Ryan on Q1 2019 Results - Earnings Call Transcript

News for First Bank Stock (FRBA)