First Bank (NASDAQ:FRBA) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS

First Bank (NASDAQ:FRBA) issued its earnings results on Thursday. The bank reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03, Zacks reports. The business had revenue of $36.95 million during the quarter, compared to analyst estimates of $37.23 million. First Bank had a return on equity of 9.63% and a net margin of 17.45%.

First Bank Stock Up 2.8%

NASDAQ FRBA opened at $17.98 on Friday. The stock has a market cap of $451.30 million, a PE ratio of 10.64 and a beta of 0.53. The stock’s 50 day moving average is $16.69 and its 200 day moving average is $16.42. First Bank has a 12 month low of $14.40 and a 12 month high of $18.44. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.57.

First Bank Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Friday, August 7th. First Bank’s dividend payout ratio (DPR) is 21.56%.

First Bank News Summary

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

• Positive Sentiment: First Bank reported Q2 EPS of $0.43, topping the consensus estimate of $0.40 and improving from $0.41 a year ago, which signals better-than-expected profitability. First Bank (FRBA) Q2 Earnings Beat Estimates
• Positive Sentiment: The company said second-quarter net income reached $10.9 million, supported by strong loan and deposit growth and improved operating efficiency, helping drive tangible book value expansion. First Bank Announces Second Quarter 2026 Net Income of $10.9 Million
• Positive Sentiment: First Bank declared a quarterly dividend of $0.09 per share, reinforcing its capital return profile for income-focused investors.
• Neutral Sentiment: Management’s earnings call and transcript are being watched for more detail on loan growth, deposit trends, and margin outlook, but no additional material surprise was highlighted in the provided update. First Bank (FRBA) Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Reported short-interest data showed no meaningful change in the shares available to borrow, suggesting limited new bearish pressure from that metric.
• Neutral Sentiment: Peers in the regional banking sector also reported broadly strong second-quarter results, which provides a supportive industry backdrop but is not unique to FRBA.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of First Bank from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, June 23rd. DA Davidson reiterated a “neutral” rating and set a $17.00 price objective on shares of First Bank in a research report on Tuesday, April 28th. Piper Sandler increased their target price on First Bank from $18.00 to $19.00 and gave the company an “overweight” rating in a report on Friday, June 26th. Finally, Zacks Research raised First Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Two research 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 presently has an average rating of “Moderate Buy” and a consensus price target of $18.00.

Institutional Trading of First Bank

A number of hedge funds and other institutional investors have recently bought and sold shares of FRBA. Patriot Financial Partners GP II L.P. purchased a new stake in First Bank during the third quarter worth approximately $33,092,000. Segall Bryant & Hamill LLC purchased a new position in shares of First Bank in the 4th quarter valued at $1,685,000. Russell Investments Group Ltd. raised its stake in First Bank by 49.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 144,120 shares of the bank’s stock worth $2,348,000 after acquiring an additional 47,397 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in First Bank in the third quarter valued at $569,000. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of First Bank by 46.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 103,755 shares of the bank’s stock valued at $1,708,000 after purchasing an additional 32,712 shares during the last quarter. 64.86% of the stock is currently owned by institutional investors and hedge funds.

About First Bank

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 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 consists of auto, personal, traditional installment, and other loans.