Business
First Bank Announces First Quarter 2026 Net Income of $7.6 Million
Strong net interest margin and operating efficiency support tangible book value expansionHAMILTON, N.J., April 27, 2026 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) ("the Bank") today announced results for the first quarter of 2026. Net income for the first quarter of 2026 was $7.6 million, or $0.30 per diluted share, compared to $9.4 million, or $0.37 per diluted share, for the first quarter of 2025. Return on average assets, return on average equity and return on average tangibl
About this update from First Bank
[{"type":"image","alt":"First Bank","displaySize":"","headline":null,"caption":"First Bank","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":100,"url":"https://media.zenfs.com/en/globenewswire.com/87d05e3f8e5bf267b57bbff032d25ad4"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/jn4KChPdV_OubYIIIPERYA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE0MA--/https://media.zenfs.com/en/globenewswire.com/87d05e3f8e5bf267b57bbff032d25ad4","width":300,"height":100}},"lazy":false},{"type":"text","content":"Strong net interest margin and operating efficiency support tangible book value expansion","length":89,"tagName":"p"},{"type":"text","content":"HAMILTON, N.J., April 27, 2026 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) ("the Bank") today announced results for the first quarter of 2026. Net income for the first quarter of 2026 was $7.6 million, or $0.30 per diluted share, compared to $9.4 million, or $0.37 per diluted share, for the first quarter of 2025. Return on average assets, return on average equity and return on average tangible equityi for the first quarter of 2026 were 0.79%, 6.89% and 7.78%, respectively, compared to 1.00%, 9.20% and 10.54%, respectively, for the first quarter of 2025.","length":585,"tagName":"p"},{"type":"text","content":"First Quarter 2026 Performance Highlights:","length":42,"tagName":"p"},{"type":"table","headerItems":[],"items":[{"val":[{"style":"max-width:1%;width:1%;min-width:1%;vertical-align:top;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"max-width:2%;width:2%;min-width:2%;text-align:left;vertical-align:middle;vertical-align:top;","val":[{"type":"text","content":"●","length":1,"tagName":"p","attribs":{}}]},{"style":"max-width:97%;width:97%;min-width:97%;text-align:left;vertical-align:middle;vertical-align:top;","val":[{"type":"text","content":"Total loans were $3.30 billion at March 31, 2026, increasing $68.1 million, or 2.1%, from March 31, 2025, and increasing $10.9 million, or 1.3% annualized, from the linked quarter ended December 31, 2025.","length":204,"tagName":"p","attribs":{}}]}]},{"val":[{"val":[{"type":"text","content":" ","length":6,"tagName":"p"}]},{"style":"text-align:left;vertical-align:middle;vertical-align:top;","val":[{"type":"text","content":" ","length":6,"tagName":"p","attribs":{}}]},{"style":"t...