First Bank provides various banking products and services to individuals, businesses, and governmental entities. The company accepts various deposits, including non-interest bearing demand deposits, interest bearing demand accounts, money market accounts, savings accounts, and certificates of deposit, as well as commercial checking accounts. Its loan products include commercial and industrial loans; commercial real estate loans, such as owner-occupied, investor, construction and development, and multi-family loans; residential real estate loans comprising residential mortgages, first and second lien home equity loans, and revolving lines of credit; and consumer and other loans that include auto, personal, and traditional installment loans. The company also provides electronic banking services, including Internet and mobile banking, electronic bill payment, and banking by phone, as well as ATM and debit cards, and wire and ACH transfer services; remote deposit capture; and cash management services. As of January 27, 2021, it operated 18 full-service branches in Cinnaminson, Cranbury, Delanco, Denville, Ewing, Flemington, Hamilton, Hamilton Square, Lawrence, Mercerville, Pennington, Randolph, Somerset, and Williamstown counties in New Jersey, as well as Doylestown, Trevose, Warminster, and West Chester counties in Pennsylvania. First Bank was incorporated in 2007 and is headquartered in Hamilton, New Jersey.
IPO Year: 2013
Exchange: NASDAQ
Website: firstbanknj.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/24/2025 | $17.00 → $17.50 | Outperform | Hovde Group |
| 10/17/2023 | $14.00 | Overweight | Piper Sandler |
HAMILTON, N.J. , July 22, 2025 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) ("the Bank") today announced results for the second quarter of 2025. Net income for the second quarter of 2025 was $10.2 million, or $0.41 per diluted share, compared to $11.1 million, or $0.44 per diluted share, for the second quarter of 2024. Return on average assets, return on average equity and return on average tangible equityi for the second quarter of 2025 were 1.04%, 9.77% and 11.16%, respectively, compared to 1.23%, 11.52% and 13.40%, respectively, for the second quarter of 2024. Second Quarter 2025 Performance Highlights: Total loans of $3.33 billion at June 30, 2025 grew $91.2 m
HAMILTON, N.J., July 02, 2025 (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, 2025. Event: Earnings Conference Call – Second Quarter 2025 When: Wednesday, July 23, 2025 at 9:00 a.m. Eastern Time Access: Conference Call Dial-In: (800) 715-9871 (toll free) Conference Call Access Code: 3909613 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
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, reset quarterly, equal to the then current three-month Secured Overnight Financing Rate ("SOFR") plus 343 basis points. The notes may be redeemed at the option of the Bank, without pe
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%, 13.36% and 15.64%, respectively, for the first quarter of 2024. First Quarter 2025 Performance Highlights: Total loans of $3.24 billion at March 31, 2025 grew $91.8 million, or 11.
HAMILTON, N.J., April 01, 2025 (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 first quarter ending on March 31, 2025. Event:Earnings Conference Call – First Quarter 2025 When:Wednesday, April 23, 2025 at 9:00 a.m. Eastern Time Access:Conference Call Dial-In: (800) 715-9871 (toll free) Conference Call Access Code: 3909613 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 firs
HAMILTON, N.J., Jan. 23, 2025 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) ("the Bank") today announced results for the fourth quarter and full year 2024. Net income for the fourth quarter of 2024 was $10.5 million, or $0.41 per diluted share, compared to $8.4 million, or $0.33 per diluted share, for the fourth quarter of 2023. Return on average assets, return on average equity and return on average tangible equityi for the fourth quarter of 2024 were 1.10%, 10.27% and 11.82%, respectively, compared to 0.93%, 9.06% and 10.67%, respectively, for the fourth quarter of 2023. Full year 2024 net income was $42.2 million, or $1.67 per diluted share, compared to $20.9 million,
HAMILTON, N.J. , Jan. 02, 2025 (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 fourth quarter ending on December 31, 2024. Event:Earnings Conference Call – Fourth Quarter 2024 When:Friday, January 24, 2025 at 9:00 a.m. Eastern Time Access:Conference Call Dial-In:(800) 715-9871 (toll free) Conference Call Access Code: 5565911 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
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%, respectively. The Bank recorded a net loss of $1.3 million, or a loss of $0.05 per diluted share, and losses on average assets, equity, and tangible equityi of 0.14%, 1.43%, and 1.66%, resp
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 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 third qu
HAMILTON, N.J., July 24, 2024 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) (the Bank) today announced results for the second quarter of 2024. Net income for the second quarter of 2024 was $11.1 million, or $0.44 per diluted share, compared to $6.8 million, or $0.35 per diluted share, for the second quarter of 2023. Return on average assets, return on average equity and return on average tangible equity[i] for the second quarter of 2024 were 1.23%, 11.52% and 13.40%, respectively, compared to 0.97%, 9.23% and 9.87%, respectively, for the second quarter of 2023. Second Quarter 2024 Performance Highlights: The Bank's primary measures of profitability broadly improved from t
Hovde Group reiterated coverage of First Bank with a rating of Outperform and set a new price target of $17.50 from $17.00 previously
Piper Sandler resumed coverage of First Bank with a rating of Overweight and set a new price target of $14.00
HAMILTON, N.J. , July 22, 2025 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) ("the Bank") today announced results for the second quarter of 2025. Net income for the second quarter of 2025 was $10.2 million, or $0.41 per diluted share, compared to $11.1 million, or $0.44 per diluted share, for the second quarter of 2024. Return on average assets, return on average equity and return on average tangible equityi for the second quarter of 2025 were 1.04%, 9.77% and 11.16%, respectively, compared to 1.23%, 11.52% and 13.40%, respectively, for the second quarter of 2024. Second Quarter 2025 Performance Highlights: Total loans of $3.33 billion at June 30, 2025 grew $91.2 m
HAMILTON, N.J., July 02, 2025 (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, 2025. Event: Earnings Conference Call – Second Quarter 2025 When: Wednesday, July 23, 2025 at 9:00 a.m. Eastern Time Access: Conference Call Dial-In: (800) 715-9871 (toll free) Conference Call Access Code: 3909613 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
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%, 13.36% and 15.64%, respectively, for the first quarter of 2024. First Quarter 2025 Performance Highlights: Total loans of $3.24 billion at March 31, 2025 grew $91.8 million, or 11.
HAMILTON, N.J., April 01, 2025 (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 first quarter ending on March 31, 2025. Event:Earnings Conference Call – First Quarter 2025 When:Wednesday, April 23, 2025 at 9:00 a.m. Eastern Time Access:Conference Call Dial-In: (800) 715-9871 (toll free) Conference Call Access Code: 3909613 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 firs
HAMILTON, N.J., Jan. 23, 2025 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) ("the Bank") today announced results for the fourth quarter and full year 2024. Net income for the fourth quarter of 2024 was $10.5 million, or $0.41 per diluted share, compared to $8.4 million, or $0.33 per diluted share, for the fourth quarter of 2023. Return on average assets, return on average equity and return on average tangible equityi for the fourth quarter of 2024 were 1.10%, 10.27% and 11.82%, respectively, compared to 0.93%, 9.06% and 10.67%, respectively, for the fourth quarter of 2023. Full year 2024 net income was $42.2 million, or $1.67 per diluted share, compared to $20.9 million,
HAMILTON, N.J. , Jan. 02, 2025 (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 fourth quarter ending on December 31, 2024. Event:Earnings Conference Call – Fourth Quarter 2024 When:Friday, January 24, 2025 at 9:00 a.m. Eastern Time Access:Conference Call Dial-In:(800) 715-9871 (toll free) Conference Call Access Code: 5565911 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
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%, respectively. The Bank recorded a net loss of $1.3 million, or a loss of $0.05 per diluted share, and losses on average assets, equity, and tangible equityi of 0.14%, 1.43%, and 1.66%, resp
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 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 third qu
HAMILTON, N.J., July 24, 2024 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) (the Bank) today announced results for the second quarter of 2024. Net income for the second quarter of 2024 was $11.1 million, or $0.44 per diluted share, compared to $6.8 million, or $0.35 per diluted share, for the second quarter of 2023. Return on average assets, return on average equity and return on average tangible equity[i] for the second quarter of 2024 were 1.23%, 11.52% and 13.40%, respectively, compared to 0.97%, 9.23% and 9.87%, respectively, for the second quarter of 2023. Second Quarter 2024 Performance Highlights: The Bank's primary measures of profitability broadly improved from t
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. Event:Earnings Conference Call – Second Quarter 2024 When:Thursday, July 25, 2024 at 9:00 a.m. Eastern Time Access:Conference Call Dial-In:(800) 715-9871 (toll free) Conference Call Access Code:8550862 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 second quarter 2024 resul