First Bank offers a comprehensive array of financial products and services tailored for individuals, businesses, and governmental bodies. Its diverse deposit options ...
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Est. EPS $0.44 · Revenue $37.66M · 2 analysts
Est. EPS $0.44 · Revenue $38.04M · 1 analysts
Est. EPS $1.62 · Revenue $149.02M · 2 analysts
Est. EPS $0.43 · Revenue $37.88M · 1 analysts
$0.30 per share
$0.30 per share
EPS $0.43 · Revenue $59.42M
EPS $0.30 · Revenue $58.24M
EPS $1.74 · Revenue $246.78M
EPS $0.47 · Revenue $63.59M
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $246.8M | +7.6% | +2.0% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $43.7M | +3.3% | +42.0% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +55.2% | -1.5% | +10.3% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +23.2% | -3.4% | +44.3% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +17.7% | -3.9% | +39.2% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $62.7M | +153.5% | -30.7% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +25.4% | +135.7% | -32.1% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 61.1% | -9.7% | +6.9% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 0.13x | +18.2% | +198.0% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $4.0B | +4.7% | +2.9% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 1.74 vs 1.73 | +0.6% | 0.43 vs 0.40 | +7.5% |
| Revenue Surprise | $246.8M vs $145.7M | +69.3% | $59.4M vs $37.2M | +59.6% |
Operator: Hello everyone. Thank you for joining us and welcome to the FirstBank Second Quarter 26 Earnings Call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press *1 to raise your hand. To withdraw your question, press *1 again. I will now hand the conference over to Patrick L. Ryan, president and CEO. Patrick, please go ahead. Patrick L. Ryan: Thank you. I would like to welcome everyone today to First Bank's second quarter 26 earnings call. I am joined by Andrew L. Hibshman, our Chief Financial Officer and Peter J. Cahill, our chief lending officer. Before we begin, Andrew will read the safe harbor statement. Andrew L. Hibshman: The following discussion may contain forward-looking statements concerning the financial condition, results of operations and business of FirstBank. We caution that such statements are subject to a number of uncertainties, and actual results could differ materially. And therefore, you should not place undue reliance on any forward-looking statements we make. We may not update any forward-looking statements we make today for future events or developments. Information about risks and uncertainties are described under Item 1A Risk Factors, in our annual report on Form 10 k for the year ended December 31, 2025 filed with the FDIC. That back to you. Patrick L. Ryan: Thank you, Andrew. I will share some high level thoughts on the quarter and then turn it over to Andrew and Peter to provide a little more detail. I think in summary, Q2 was a much better quarter. We saw a return of solid asset growth. Our loans grew $68 million during the quarter. And with year to date growth of $79 million we are getting close to being back on pace for our annual loan growth goal of $200 million for the year. Our deposits grew $96 million during the quarter, which actually pushed us ahead of our deposit growth plan for the year. Our margin held in at 3.68% We realized a small decline in loan yields that were largely offset by a modest decline in deposit costs. Our provision for credit losses came down significantly, to more normalized levels as the profile within our small business portfolio showed signs of improvement. Our noninterest expense came in at $20.1 million down from an artificially high level in the first quarter. We are making progress with our goal to get our noninterest expense to average assets down below 2.0%, and eventually back closer to our longer term average of 1.90%. Our pre provision return on average assets came in at 1.69%, an increase of 10 basis points compared to the prior quarter. A few important points about the results. Regarding the asset growth, the return of stronger asset growth feels sustainable. Pipelines are strong. As we have discussed, the new production engine has been very busy, and Peter will provide some more details on that later. Absent abnormal payoff activity between now and the end of the year, we believe we should be …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Patrick L. Ryan | President, Chief Executive Officer & Director | USD 1,144,537 | Male | 1976 | Active |
Peter J. Cahill | Executive Vice President & Chief Lending Officer | USD 525,565 | Male | 1957 | Active |
Andrew L. Hibshman | Executive Vice President, Treasurer & Chief Financial Officer | USD 512,481 | Male | 1982 | Active |
Christopher J. Ewing | Executive Vice President & Chief Operating Officer | USD 455,994 | Male | 1960 | Active |
Darleen R. Gillespie | EVP & Chief Retail Banking Officer | USD 371,653 | Female | 1969 | Active |
Stephen F. Carman | First Senior Vice President & Senior Accounting Officer | USD 306,649 | Male | 1957 | Active |
Michael Cook | Senior Vice President & Manager Investor Real Estate | — | Male | — | Active |
Parwinder S. Virk | First Senior Vice President & Chief Accounting Officer | — | Male | — | Active |
Scott W. | Senior Vice President & Market Executive | — | Male | — | Active |
Kimberly Cerasi | First Senior Vice President & Director of Human Resources | — | Female | — | Active |
Sarah Pearson | FVP, Chief Compliance & CRA Officer | — | Female | — | Active |
Dimensional Fund Advisors LP lifted its position in shares of First Bank (NASDAQ: FRBA) by 2.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,032,116 shares of the bank's stock after purchasing an additional 27,881 shares during the quarter. Dimensional Fund Advisors LP owned
Here's an alert for income investors with a quick deadline. Seven small-bank dividend stocks all share the same imminent ex-dividend date: Friday, August 7.
First Bank (FRBA) Q2 2026 Earnings Call Transcript
First Bank NASDAQ: FRBA reported second-quarter 2026 net income of $10.9 million, or $0.43 per diluted share, as loan and deposit growth accelerated and credit loss expense declined from the prior quarter.
First Bank (FRBA) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.4 per share. This compares to earnings of $0.41 per share a year ago.
