First Bank (NASDAQ:FRBA) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

First Bank (NASDAQ:FRBA) released its quarterly earnings results on Thursday. The bank reported $0.49 EPS for the quarter, beating the consensus estimate of $0.44 by $0.05, Zacks reports. First Bank had a net margin of 17.73% and a return on equity of 9.58%. The business had revenue of $38.76 million for the quarter, compared to analyst estimates of $37.70 million.

First Bank Trading Up 4.5%

Shares of FRBA traded up $0.84 on Friday, hitting $19.39. 189,190 shares of the stock traded hands, compared to its average volume of 95,656. The firm has a market capitalization of $486.69 million, a P/E ratio of 11.34 and a beta of 0.57. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.61. First Bank has a 1 year low of $14.40 and a 1 year high of $19.50. The stock’s 50 day moving average is $17.90 and its two-hundred day moving average is $17.20.

First Bank Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 20th. Investors of record on Friday, November 6th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, November 6th. This is a positive change from First Bank’s previous quarterly dividend of $0.09. This represents a $0.48 annualized dividend and a dividend yield of 2.5%. First Bank’s payout ratio is currently 21.30%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on FRBA shares. Zacks Research upgraded First Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. DA Davidson raised their price target on First Bank from $16.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th. Piper Sandler raised their price target on First Bank from $19.00 to $20.00 and gave the stock an “overweight” rating in a research report on Monday, July 27th. Weiss Ratings raised First Bank from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday. Finally, Hovde Group restated an “outperform” rating and issued a $20.00 price objective (up from $18.00) on shares of First Bank in a research report on Monday, July 27th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, First Bank has a consensus rating of “Moderate Buy” and an average target price of $19.67.

Key Headlines Impacting First Bank

Here are the key news stories impacting First Bank this week:

• Positive Sentiment: Q3 earnings and revenue exceeded expectations. First Bank reported $0.49 in earnings per share, above the $0.44 consensus estimate and up from $0.47 a year earlier. Revenue reached $38.76 million, also ahead of the $37.70 million forecast. Net income was $12.2 million, supported by net-interest-margin expansion, loan and deposit growth, and improved operating efficiency. First Bank Surpasses Q3 Earnings and Revenue Estimates
• Positive Sentiment: Management raised its growth ambitions. First Bank is targeting approximately $300 million of annual loan growth in 2027, signaling confidence in continued balance-sheet expansion and earnings momentum. First Bank Targets 2027 Loan Growth and Buyback
• Positive Sentiment: The bank authorized a $24 million stock-repurchase program. Buybacks can support per-share earnings and provide additional demand for FRBA shares, particularly if management views the stock as undervalued. First Bank Launches $24 Million Buyback
• Positive Sentiment: First Bank increased its quarterly dividend by 33.3%. The dividend rose to $0.12 per share from $0.09, or $0.48 annually, improving shareholder returns and signaling confidence in cash generation. The dividend is payable November 20 to shareholders of record November 6.
• Neutral Sentiment: The stock was trading near its 52-week high after the results, suggesting that some of the improved earnings outlook may already be reflected in the valuation.

About First Bank

First Bank (NASDAQ: FRBA) is a community-focused commercial bank headquartered in Hamilton, New Jersey. Founded in 2007, the bank provides banking services to businesses, individuals and organizations in New Jersey and eastern Pennsylvania.

Its products and services include commercial and industrial loans, commercial real estate financing, residential mortgage loans, consumer lending, checking and savings accounts, certificates of deposit, cash-management services and online banking. First Bank emphasizes relationship-based banking and serves small and mid-sized businesses, professionals, nonprofit organizations and individual customers.

First Bank operates a network of branches in central and southern New Jersey and the greater Philadelphia region.