First Bank (FRBA)
NASDAQ:FRBA
Want to see FRBA full AI Analyst Report?
Earnings Data
Report Date
Jul 28, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.4Last Year’s EPS
0.41Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mixed picture: material challenges from elevated charge-offs and loan payoffs drove a disappointing quarter, but management characterized the issues as largely isolated to a sub-$100 million credit-scored small business portfolio that has been remediated via charge-offs, tightened underwriting, and increased specific reserves. Offsetting the near-term headwinds were strong capital levels, a healthy NIM (3.69%), a growing loan pipeline (probable fundings +15%), preliminary April loan growth (~$50M), top-quartile efficiency (27 consecutive quarters <60%), and the flexibility to pursue buybacks. Management expressed cautious optimism that profitability and loan growth can recover as payoffs normalize, while acknowledging deposit pricing and declining purchase accretion as potential margin risks.Company Guidance
Net Income and Profitability Metrics
Net income of $7.6 million for Q1 2026, or $0.30 per diluted share, yielding a 0.79% return on average assets.
Strong Net Interest Margin and Year-over-Year NII Growth
Net interest margin remained robust at 3.69% (down 5 basis points QoQ). Net interest income grew 6% versus Q1 2025 (up $1.9 million YoY).
Loan Pipeline and Early Q2 Loan Growth
Probable loan fundings pipeline stood at $383 million, up 15% from year-end; number of loans in the pipeline up 9% YoY. Net loan growth through mid-April was approximately $50 million, and management reiterated a $200 million loan growth target for the year.
Top-Quartile Efficiency
First Bank delivered its 27th consecutive quarter with an efficiency ratio below 60%, positioning the bank as a top-quartile performer on operating efficiency.
Capital Strength and Share Buyback Flexibility
Capital ratios remain strong. Management indicated they executed modest repurchases in the quarter and could fully execute the approved $20 million buyback while maintaining total risk-based capital near ~12.5% on a static balance sheet.
Allowance and Reserve Actions
Allowance for credit losses to total loans increased to 1.39% (up 1 basis point QoQ). Management added about $2 million of specific reserves for identified small business credit issues and adjusted allowance factors to cover potential unknown issues.
Noninterest Income and Revenue Diversification
Noninterest income rose to $2.4 million in Q1 2026 from $2.0 million in Q1 2025 (about +20% YoY), driven in part by earnings from modest investments in small business investment funds.
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 |
|---|---|---|---|
Apr 27, 2026 | $16.74 | $15.41 | -7.95% |
Jan 26, 2026 | $16.68 | $16.56 | -0.71% |
Oct 22, 2025 | $15.49 | $15.52 | +0.19% |
Jul 22, 2025 | $15.38 | $15.25 | -0.84% |
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 Jul 28, 2026, After Close (Confirmed).
What is First Bank (FRBA) earnings time?
First Bank (FRBA) earnings time is at Jul 28, 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 (Q2) is 0.4.