Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
First Bank (FRBA)
:FRBA
Holding FRBA?
Track your performance easily
Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.39Last Year’s EPS
0.33Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 22, 2018
|% Change Since: -7.31%
|Next Earnings Date:Jul 23, 2018
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with significant growth in loans and deposits, strong credit quality, and strategic initiatives to strengthen the bank's position. However, these positives were offset by margin compression, declining net income, and increased noninterest expenses, leading to a balanced outlook.Company Guidance
During the Q3 2024 earnings call for First Bank (FRBA), the executive team highlighted several key financial metrics indicating robust performance and strategic adjustments. Loans grew by $90 million, largely occurring late in the quarter, while deposits increased by $82 million, with $19 million of that in noninterest-bearing accounts. The bank experienced some margin compression, with the net interest margin declining to 3.49% from 3.62% the previous quarter, due to increased deposit costs. However, the bank took actions such as selling $12 million in low-yielding investment securities and enhancing BOLI assets to optimize the balance sheet. The normalized net income for the quarter was estimated at $9.7 million, slightly lower than previous quarters. Other highlights included a 3% increase in tangible book value and strong credit quality across the portfolio. The bank aims to maintain a stable margin moving forward, despite the impact of the Fed's late September rate cut, and expects sustained growth into Q4 and beyond.Loan and Deposit Growth
Loans grew by approximately $90 million, and deposits increased by $82 million, including $19 million in noninterest-bearing deposits.
Tangible Book Value Increase
Tangible book value grew by $0.38, or about 3% quarter-over-quarter.
Strong C&I and Owner-Occupied Loan Growth
$56 million of loan growth, about 62%, came from C&I and owner-occupied segments.
Asset Quality
Credit quality remained strong, with nonperforming assets to total assets declining from 56 basis points to 47.
Branch Strategy and Digital Banking Initiatives
Implementation of new branch strategies and digital banking initiatives to support deposit growth.
---
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 |
|---|---|---|---|
| Oct 23, 2024 | $14.91 | $14.17 | -4.96% |
| Jul 24, 2024 | $14.80 | $15.06 | +1.76% |
| Apr 22, 2024 | $12.33 | $12.16 | -1.38% |
| Jan 24, 2024 | $14.20 | $14.20 | 0.00% |
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 Jan 23, 2025, TBA Not Confirmed.
What is First Bank (FRBA) earnings time?
First Bank (FRBA) earnings time is at Jan 23, 2025, TBA Not 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 2024 (Q4) is 0.39.
---