Piper Sandler resumed coverage of First Bank with a rating of Overweight and set a new price target of $14.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/17/2023 | $14.00 | Overweight | Piper Sandler |
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
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
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.
Piper Sandler resumed coverage of First Bank with a rating of Overweight and set a new price target of $14.00