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 |
|---|---|---|---|
| 10/17/2023 | $14.00 | Overweight | Piper Sandler |
Piper Sandler resumed coverage of First Bank with a rating of Overweight and set a new price target of $14.00
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
HAMILTON, N.J., April 22, 2024 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) (the Bank) today announced results for the first quarter of 2024. Net income for the first quarter of 2024 was $12.5 million, or $0.50 per diluted share, compared to $7.0 million, or $0.36 per diluted share, for the first quarter of 2023. Return on average assets, return on average equity and return on average tangible equity[i] for the first quarter of 2024 were 1.41%, 13.36% and 15.64%, respectively, compared to 1.03%, 9.70% and 10.39%, respectively, for the first quarter of 2023. First Quarter 2024 Performance Highlights: The Bank's primary measures of profitability broadly improved from the fir
HAMILTON, N.J., March 28, 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 first quarter ended March 31, 2024. Event:Earnings Conference Call – First Quarter 2024 When:Tuesday, April 23, 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 first quarter 2024 results
HAMILTON, N.J., Jan. 24, 2024 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) (the Bank) today announced results for the fourth quarter and full year 2023. Net income for the fourth quarter of 2023 was $8.4 million, or $0.33 per diluted share, compared to $9.1 million, or $0.46 per diluted share, for the fourth quarter of 2022. Return on average assets, return on average equity and return on average tangible equityi for the fourth quarter of 2023 were 0.93%, 9.06% and 10.67%, respectively, compared to 1.35%, 12.61% and 13.53%, respectively, for the fourth quarter of 2022. Excluding merger-related expenses and losses on the sale of loans and investments, First Bank's fourth quar
HAMILTON, N.J., Jan. 03, 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 fourth quarter ended December 31, 2023. Event:Earnings Conference Call – Fourth Quarter 2023 When:Thursday, January 25, 2024 at 9:00 a.m. Eastern Time Access:Conference Call Dial-In: (888) 330-3273 (toll free) Conference Call Access Code: 7660423 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 fourth quarter 202
HAMILTON, N.J., Oct. 25, 2023 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) (the Bank) today announced its third quarter 2023 financial results with 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%, respectively. Excluding merger-related expenses and other one-time expenses, First Bank's third quarter 2023 adjusted diluted earnings per shareii were $0.42, adjusted return on average assetsii was 1.13% and adjusted return on average tangible equityii was 13.23%. Compared to the same period of last year, the Bank's adjusted net income and adjusted returns on assets, equity, an
HAMILTON, N.J., Sept. 28, 2023 (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 ended September 30, 2023. Event:Earnings Conference Call – Third Quarter 2023 When:Thursday, October 26, 2023 at 9:00 a.m. Eastern Time Access:Conference Call Dial-In:(888) 330-3273 (toll free) Conference Call Access Code:7660423 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 quarter 2
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
HAMILTON, N.J., April 22, 2024 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) (the Bank) today announced results for the first quarter of 2024. Net income for the first quarter of 2024 was $12.5 million, or $0.50 per diluted share, compared to $7.0 million, or $0.36 per diluted share, for the first quarter of 2023. Return on average assets, return on average equity and return on average tangible equity[i] for the first quarter of 2024 were 1.41%, 13.36% and 15.64%, respectively, compared to 1.03%, 9.70% and 10.39%, respectively, for the first quarter of 2023. First Quarter 2024 Performance Highlights: The Bank's primary measures of profitability broadly improved from the fir
HAMILTON, N.J., March 28, 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 first quarter ended March 31, 2024. Event:Earnings Conference Call – First Quarter 2024 When:Tuesday, April 23, 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 first quarter 2024 results
HAMILTON, N.J., Jan. 24, 2024 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) (the Bank) today announced results for the fourth quarter and full year 2023. Net income for the fourth quarter of 2023 was $8.4 million, or $0.33 per diluted share, compared to $9.1 million, or $0.46 per diluted share, for the fourth quarter of 2022. Return on average assets, return on average equity and return on average tangible equityi for the fourth quarter of 2023 were 0.93%, 9.06% and 10.67%, respectively, compared to 1.35%, 12.61% and 13.53%, respectively, for the fourth quarter of 2022. Excluding merger-related expenses and losses on the sale of loans and investments, First Bank's fourth quar
HAMILTON, N.J., Jan. 03, 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 fourth quarter ended December 31, 2023. Event:Earnings Conference Call – Fourth Quarter 2023 When:Thursday, January 25, 2024 at 9:00 a.m. Eastern Time Access:Conference Call Dial-In: (888) 330-3273 (toll free) Conference Call Access Code: 7660423 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 fourth quarter 202
HAMILTON, N.J., Oct. 25, 2023 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) (the Bank) today announced its third quarter 2023 financial results with 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%, respectively. Excluding merger-related expenses and other one-time expenses, First Bank's third quarter 2023 adjusted diluted earnings per shareii were $0.42, adjusted return on average assetsii was 1.13% and adjusted return on average tangible equityii was 13.23%. Compared to the same period of last year, the Bank's adjusted net income and adjusted returns on assets, equity, an
HAMILTON, N.J., Sept. 28, 2023 (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 ended September 30, 2023. Event:Earnings Conference Call – Third Quarter 2023 When:Thursday, October 26, 2023 at 9:00 a.m. Eastern Time Access:Conference Call Dial-In:(888) 330-3273 (toll free) Conference Call Access Code:7660423 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 quarter 2
First Bank (NASDAQ:FRBA) reported quarterly earnings of $0.47 per share which beat the analyst consensus estimate of $0.40 by 17.5 percent. This is a 34.29 percent increase over earnings of $0.35 per share from the same period last year. The company reported quarterly sales of $31.229 million which beat the analyst consensus estimate of $30.310 million by 3.03 percent. This is a 34.28 percent increase over sales of $23.256 million the same period last year.
Piper Sandler analyst Justin Crowley maintains First Bank (NASDAQ:FRBA) with a Overweight and lowers the price target from $16 to $15.
First Bank (NASDAQ:FRBA) reported quarterly earnings of $0.49 per share which beat the analyst consensus estimate of $0.42 by 16.67 percent. This is a 28.95 percent increase over earnings of $0.38 per share from the same period last year. The company reported quarterly sales of $32.282 million which beat the analyst consensus estimate of $31.412 million by 2.77 percent. This is a 35.87 percent increase over sales of $23.759 million the same period last year.
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First Bank (NASDAQ:FRBA) reported its Q4 earnings results on Wednesday, January 24, 2024 at 04:45 PM. Here's what investors need to know about the announcement. Earnings First Bank beat estimated earnings by 25.64%, reporting an EPS of $0.49 versus an estimate of $0.39. Revenue was up $2.80 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.16 which was followed by a 3.89% increase in the share price the next day. Here's a look at First Bank's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.26 0.25 0.44 0.54 EPS Actual 0.42 0.36 0.38 0.48 Revenue Estimate 28.07M 24.27M 23.01M 25.67M Revenue Actual
First Bank (NASDAQ:FRBA) reported quarterly earnings of $0.49 per share which beat the analyst consensus estimate of $0.39 by 25.64 percent.
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First Bank (NASDAQ:FRBA) is set to give its latest quarterly earnings report on Wednesday, 2024-01-24. Here's what investors need to know before the announcement. Analysts estimate that First Bank will report an earnings per share (EPS) of $0.39. First Bank bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company beat EPS by $0.16, which was followed by a 3.89% increase in the share pric
First Bank (NASDAQ:FRBA) reported quarterly earnings of $0.42 per share which beat the analyst consensus estimate of $0.26 by 61.54 percent. This is a 19.23 percent decrease over earnings of $0.52 per share from the same period last year. The company reported quarterly sales of $28.79 million which beat the analyst consensus estimate of $28.07 million by 2.55 percent. This is a 12.86 percent increase over sales of $25.51 million the same period last year.
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