First Bank (FRBA) Reports In-Line Q1 EPS

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First Bank Announces First Quarter Net Income of $7.0 Million and EPS of $0.36

April 26, 2023 4:31 PM UTC

HAMILTON, N.J., April 26, 2023 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) (the Bank) today announced its first quarter 2023 financial results, demonstrating continued strength and resilience in a challenging economic environment. The Bank achieved net income of $7.0 million, or $0.36 per diluted share, and maintained solid returns on average assets, equity, and tangible equityi at 1.03%, 9.70%, and 10.16%, respectively. Excluding... More