FRBA News & Events

Reports Q4 revenue $38.46M, consensus $37.42M. Reports Q4 tangible book value per share $15.81. Reports Q4 CET1 capital ratio 10.67%. Patrick Ryan, president and CEO of First Bank, stated, "We experienced continued improvement in our core operating trends and we also saw a number of "non-standard" items during the fourth quarter. Our community banking and specialty banking teams continued to execute our strategy to grow deep commercial relationships, building solid loan and deposit pipelines heading into 2026. During the fourth quarter we increased our net interest margin with effective pricing and balance sheet management, even as loan balances retracted amidst elevated payoff activity during the quarter. We operated with an efficiency ratio that remained below 60% for the 26th consecutive quarter, contributing to strong pre-provision net revenue and demonstrating our core operating strength."

Reports Q1 revenue $34.06M, consensus $33.52M. Reports Q1 tangible book value per share $14.47. "We are pleased to report high-quality loan and deposit growth in the first quarter of 2025," Patrick Ryan, president and CEO of First Bank, reflecting on the Bank's performance. "Our team produced excellent Commercial and Industrial loan growth during the quarter with an improved net interest margin and sustained asset quality. We are especially pleased to have achieved this with an efficiency ratio that remained below 60% for the 23rd consecutive quarter, and with continued growth in our primary areas of focus. Our recent and ongoing investments in technology and new C&I lending and deposit-focused business units are building scale and bearing fruit, as reflected in our 10.8% year-over-year increase in tangible book value per share."