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First Bank Reports Q2 2025 Financial Results

First Bank Reports Q2 2025 Financial Results

First Bank ( (FRBA) ) has released its Q2 earnings. Here is a breakdown of the information First Bank presented to its investors.

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First Bank is a New Jersey state-chartered bank operating in the financial services sector, offering a comprehensive range of deposit and loan products across its 27 branches in New Jersey, Pennsylvania, and Florida. In its second quarter of 2025 earnings report, First Bank reported a net income of $10.2 million, a slight decrease from the previous year’s $11.1 million. The bank highlighted significant loan growth, a stable net interest margin, and strong operating efficiency as key performance indicators. Total loans increased to $3.33 billion, marking an 11.3% annualized growth from the previous quarter, while deposits rose to $3.17 billion, reflecting a 6.2% annualized increase. The bank maintained a stable net interest margin of 3.65% and reported a tangible book value per share increase of 11.1% annualized. Despite a rise in credit loss expenses due to loan growth, the bank’s asset quality remained strong with a decrease in nonperforming assets. Looking ahead, First Bank anticipates a moderation in loan growth in the latter half of 2025, focusing on relationship-building and profitability amidst competitive market conditions. The bank aims to enhance shareholder returns through prudent capital management and strategic investments.

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