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First Bank (FRBA)
NASDAQ:FRBA
Earnings Data
Report Date
Apr 27, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.47Last Year’s EPS
0.37Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a majority of positive operational and financial developments: margin expansion, improved profitability ratios, strong full-year loan production and disciplined expense and deposit optimization. However, materially negative items were concentrated in the small business lending portfolio (elevated charge-offs/delinquency and higher reserves), a large $23 million C&I downgrade, and unusual Q4 payoff activity that temporarily reduced loans and deposits. Management has taken corrective actions on small business credit, approved shareholder-friendly capital actions (50% dividend increase and a $20 million buyback authorization), and set achievable 2026 targets (including $200 million net loan growth and continued deposit-cost reduction). On balance, the positive momentum and contained, identifiable credit issues suggest cautious optimism.Company Guidance
Net Interest Margin Expansion
Fourth-quarter net interest margin of 3.7% (reported also as 3.74% vs Q3) — up ~20 basis points year-over-year; full-year NIM 3.69% vs 3.57% in 2024, driving stronger net interest income and profitability.
Improved Profitability Metrics
Q4 net income of $12.3 million ($0.49 diluted EPS); return on average assets 1.21% vs 1.10% in prior-year Q4; return on tangible common equity 12.58% vs 11.82% in prior-year Q4.
Loan Growth and Production Activity
Loans up $149 million (~5%) year-over-year despite heavy Q4 payoffs; average loan growth for the year was $267 million and new loans funded during the year totaled $429 million.
Improving Efficiency and Capital Returns
Efficiency ratio improved to 49.46% and remained below 60% for the 26th consecutive quarter; tangible book value per share rose more than 12% annualized to $15.81; quarterly cash dividend increased 50% and a share repurchase plan approved (up to 1.2 million shares / $20 million).
Noninterest Income and SBA Gains
Total fee income increased by almost $2.0 million year-over-year; gains from SBA loan sales were higher in 2025 and technology/staff enhancements should support continued SBA performance improvement.
Deposit Mix Optimization
Management reduced higher-cost deposits (brokered deposits declined $27.1 million in Q4), reduced time deposits by $38 million (18% annualized) and lowered money market/savings by $23.5 million (8% annualized), while relationship-based interest-bearing demand deposits grew $47 million (33% annualized vs Sept 30).
CRE & Community Banking Credit Strength
Core commercial real estate (CRE) portfolio credit metrics improved during the year with CRE delinquency at a very low 0.02% and overall criticized loans (past watch/special mention/substandard) declined from 4.86% of total loans at end of 2024 to 4.20% at end of 2025.
Expense Management and One-Time Gains
Noninterest expense to average assets fell to 1.97% for 2025 vs 2.01% in 2024; Q4 noninterest expenses benefited from a $1.9 million gain on the sale of an OREO asset (zero carrying value) and lower bonus accruals, helping manage expense ratios.
FRBA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FRBA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 26, 2026 | $16.77 | $16.65 | -0.72% |
Oct 22, 2025 | $15.57 | $15.60 | +0.19% |
Jul 22, 2025 | $15.46 | $15.33 | -0.83% |
Apr 22, 2025 | $13.96 | $13.54 | -3.04% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does First Bank (FRBA) report earnings?
First Bank (FRBA) is schdueled to report earning on Apr 27, 2026, After Close (Confirmed).
What is First Bank (FRBA) earnings time?
First Bank (FRBA) earnings time is at Apr 27, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FRBA EPS forecast?
FRBA EPS forecast for the fiscal quarter 2026 (Q1) is 0.47.