First Bank (FRBA)
| Market Cap | 310.31M |
| Revenue (ttm) | 157.62M |
| Net Income (ttm) | 26.42M |
| Shares Out | 25.25M |
| EPS (ttm) | 1.13 |
| PE Ratio | 10.92 |
| Forward PE | 7.05 |
| Dividend | $0.24 (1.95%) |
| Ex-Dividend Date | May 9, 2024 |
| Volume | 19,264 |
| Open | 12.48 |
| Previous Close | 12.50 |
| Day's Range | 12.20 - 12.50 |
| 52-Week Range | 9.40 - 15.17 |
| Beta | 0.92 |
| Analysts | Buy |
| Price Target | 15.00 (+22.05%) |
| Earnings Date | Apr 22, 2024 |
About FRBA
First Bank provides various banking products and services to small to mid-sized businesses and individuals. 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. It also offers various loan products comprising commercial and industrial loans, which include line of credit, inventory, equipment, and short-term working capital financing; commercial real estate loans, such a... [Read more]
Financial Performance
In 2023, First Bank's revenue was $173.24 million, an increase of 77.69% compared to the previous year's $97.49 million. Earnings were $20.90 million, a decrease of -42.41%.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for FRBA stock is "Buy" and the 12-month stock price forecast is $15.0.
News
FIRST BANK AWARDS $130,000 IN GRANTS TO LOCAL ORGANIZATIONS
See accompanying photo SOUTHERN PINES, N.C. , May 7, 2024 /PRNewswire/ -- First Bank launched its unique Power of Good Grants by awarding 20 grants, totaling over $130,000, to organizations throughout...
Fulton Financial jumps after buying failed Republic First Bank's deposits, assets
Fulton Financial's shares jumped on Monday after it bought the deposits and assets of Republic First from the Federal Deposit Insurance Corporation, in what is the first U.S. bank failure of 2024.
Republic First Bank's failure is not a sign of broader problems among regional banks: Analyst
David Smith of Autonomous Research discusses why he thinks Republic First Bank is not a "canary in the coal mine" and how a higher-for-longer interest rate environment might affect the regional bank s...
Republic First Bank Seized By Regulators—First Bank Collapse Of 2024
Troubled Philadelphia-based regional bank Republic First Bancorp was seized by Pennsylvania regulators Friday, marking the first regional banking failure this year following a series of high-profile c...
Regulators preparing to seize and sell Republic First Bank: report
Regulators are preparing to seize Republic First Bancorp. and sell it to another financial institution, the Wall Street Journal reported Friday, as cracks continue to emerge in the regional-banking in...
First Bank Announces First Quarter 2024 Net Income of $12.5 Million
Results benefited from our expanded customer base, repositioned balance sheet, and solid asset quality Results benefited from our expanded customer base, repositioned balance sheet, and solid asset qu...
First Bank Announces First Quarter 2024 Earnings Conference Call
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 durin...
FIRST BANK AWARDED GREENWICH EXCELLENCE AWARDS IN SMALL BUSINESS BANKING
SOUTHERN PINES, N.C. , March 5, 2024 /PRNewswire/ -- First Bank has been recognized by Coalition Greenwich in multiple Small Business Banking categories as an outstanding achiever after interviews wit...
Climate First Bank Celebrates Breakthrough Year Surpassing $540 Million in Assets
The digital values-based bank shows impressive growth and prepares to scale outside of Florida The digital values-based bank shows impressive growth and prepares to scale outside of Florida
First Bank Announces Fourth Quarter 2023 Net Income of $8.4 Million and Full Year Net Income of $20.9 Million
Results highlighted by improved geographic diversification, continued balance sheet repositioning, and strong asset quality Results highlighted by improved geographic diversification, continued balanc...
First Bank Announces Fourth Quarter 2023 Earnings Conference Call
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...
First Bank implements Backbase's Engagement Banking Platform
ATLANTA--(BUSINESS WIRE)--Backbase, the global leader in Engagement Banking, announced St. Louis-based First Bank is live on the Backbase Engagement Banking Platform, powering the bank's transformatio...
OakStar Bancshares, Inc. Partners with KlariVis for Enhanced Data Insights Across its Three Banks – OakStar Bank, First Colorado National Bank and Community First Bank
ROANOKE, Va.--(BUSINESS WIRE)--KlariVis proudly announces that Springfield, Missouri-based holding company OakStar Bancshares, Inc. has selected it as its data partner for its three banks, including O...
First Bank and NCHBA Partner to Bring Copies of The House That She Built Book to Elementary Students Throughout North Carolina
RALEIGH, N.C., Nov. 30, 2023 /PRNewswire/ -- The North Carolina Home Builders Association (NCHBA) has announced that Southern Pines-based First Bank has made a $15,000 contribution to purchase and dis...
FIRST BANK HOSTING BANK-WIDE FOOD DRIVE IN NOVEMBER 2023
SOUTHERN PINES, N.C., Nov. 8, 2023 /PRNewswire/ -- First Bank will host the largest food drive in company history November 1 – November 30, 2023.
First Bank Announces Third Quarter of 2023 Net Loss of $1.3 Million driven by one-time costs associated with Malvern Bancorp acquisition
Quarterly results reflect the successful completion of Malvern Bancorp merger, total assets exceed $3.5 billion, improved geographic diversification and projected earnings profile Quarterly results re...
Mikel Williamson Appointed CEO of First Bank
ST. LOUIS--(BUSINESS WIRE)--Mikel Williamson, current president of First Bank, will be assuming the role of President and CEO, effective November 1, 2023.
Dream First Bank Wins Three Banky Awards Putting Them Among the Top Extraordinary Community Banks in the Nation
ATLANTA--(BUSINESS WIRE)--Dream First Bank, a Kansas bank with several locations serving the region and beyond, was just named among the top extraordinary community banks in the United States by The I...
First Bank Announces Third Quarter 2023 Earnings Conference Call
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 durin...
FIRST BANK'S OUT OF THIS WORLD EDUCATOR AWARDS IS BACK - NOMINATIONS OPEN
SOUTHERN PINES, N.C. , Aug. 1, 2023 /PRNewswire/ -- For the second year First Bank is honoring "Out of this World Educators" in the Carolinas.
Heartland Tri-State Bank Branches to Reopen as Dream First Bank on Monday, July 31
ELKHART, Kan.--(BUSINESS WIRE)--To protect Heartland Tri-State Bank depositors, Dream First Bank has entered into an agreement on July 28 with the FDIC to purchase and assume all deposits of Heartland...
First Bank Announces Second Quarter Net Income of $6.8 Million and EPS of $0.35
Quarterly Results reflect stable net income, strong deposit growth, favorable credit metrics and continued shareholder value creation with increased Book Value per Share Quarterly Results reflect stab...
A $10K Subsidy from FHLB Dallas and The First Bank Helps Mississippian Replace Hurricane-Damaged Roof
D'IBERVILLE, Miss.--(BUSINESS WIRE)-- #affordablehousing--The Federal Home Loan Bank of Dallas (FHLB Dallas) awarded nearly $10,000 through its member, The First Bank, to a D'Iberville, Mississippi, h...
Independence National Historical Park Awarded $22.2 Million in Federal Funding to Rehabilitate Historic First Bank of the United States
PHILADELPHIA--(BUSINESS WIRE)--INHP has been awarded $22.2M in federal funding to help rehabilitate the First Bank of the U.S. with the intent to transform it into a museum.
First Bank and Malvern Bancorp, Inc. Announce Receipt of Regulatory Approvals for Strategic Combination
HAMILTON, N.J. and PAOLI, Pa., July 06, 2023 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) and Malvern Bancorp, Inc. (Nasdaq Global Market: MLVF), the parent company of Malvern Bank, Nat...