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FRBA

First Bank

FRBA

First Bank • NASDAQ
$15.71 ▼ -1.23% (-0.20)
Market Cap $393.46 M
52w High $17.40
52w Low $12.74
Dividend Yield 0.24%
P/E 9.52
Volume 15.91K
Outstanding Shares 25.04M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $63.595M ▲ $19.67M ▼ $11.715M ▲ 18.421% ▲ $0.47 ▲ $16.276M ▲
Q2-2025 $61.87M ▲ $20.867M ▲ $10.239M ▲ 16.549% ▲ $0.41 ▲ $14.355M ▲
Q1-2025 $57.759M ▼ $20.384M ▲ $9.381M ▼ 16.242% ▼ $0.37 ▼ $13.255M ▼
Q4-2024 $59.015M ▲ $19.124M ▲ $10.497M ▲ 17.787% ▲ $0.42 ▲ $15.483M ▲
Q3-2024 $58.644M $18.644M $8.162M 13.918% $0.32 $13.459M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $0 ▼ $4.033B ▲ $3.601B ▲ $431.875M ▲
Q2-2025 $407.187M ▲ $4.019B ▲ $3.597B ▲ $422.379M ▲
Q1-2025 $351.251M ▲ $3.881B ▲ $3.466B ▲ $414.915M ▲
Q4-2024 $326.068M ▼ $3.78B ▲ $3.371B ▲ $409.156M ▲
Q3-2024 $378.391M $3.758B $3.356B $402.07M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $10.239M ▲ $11.322M ▼ $-78.456M ▲ $123.941M ▲ $56.807M ▲ $10.441M ▼
Q1-2025 $9.381M ▼ $20.159M ▲ $-97.59M ▼ $93.601M ▲ $16.17M ▲ $19.614M ▲
Q4-2024 $10.497M ▲ $-11.211M ▼ $-42.077M ▲ $12.903M ▼ $-40.385M ▼ $-12.791M ▼
Q3-2024 $8.162M ▼ $-1.401M ▼ $-58.134M ▼ $131.074M ▲ $71.539M ▲ $-1.81M ▼
Q2-2024 $11.073M $30.141M $-29.275M $10.93M $11.796M $29.571M

Five-Year Company Overview

Income Statement

Income Statement First Bank’s income statement shows a bank that has grown its revenue meaningfully over the past few years while keeping profitability intact. Profit levels dipped in the middle of the period but have since recovered, with operating profit now near the top of its recent range. Earnings per share have been more up‑and‑down, suggesting some swings in margins or share count, but overall profitability remains solid for a regional bank. The trend points to a bank that is expanding its business while managing costs reasonably well, though not on a perfectly smooth path.

Balance Sheet

Balance Sheet The balance sheet has grown steadily, with total assets rising each year as the bank expands lending and its footprint. Capital levels (equity) have also increased, which is a positive sign for resilience and regulatory strength. At the same time, the bank is using more borrowing than in earlier years, so leverage is higher than before but still supported by a larger equity base. Liquidity, as indicated by cash holdings, has improved over time, giving the bank more flexibility to manage funding and market stress, though it remains important to watch how that evolves in changing interest‑rate conditions.

Cash Flow

Cash Flow Cash flow is positive but somewhat uneven from year to year, which is common for banks given swings in deposits and loan activity. The standout is a very strong operating cash flow year followed by a step down, indicating timing effects or balance‑sheet repositioning rather than a clear structural shift. Free cash flow generally tracks operating cash flow closely, and there is little visible strain from investment spending. Overall, the cash‑flow profile looks adequate, but its volatility means it should be interpreted together with asset quality and funding trends rather than in isolation.

Competitive Edge

Competitive Edge First Bank occupies a classic community and regional bank niche, focusing on relationship banking in its core states while adding more sophisticated services for businesses. Its edge lies in local decision‑making, personalized service, and deep ties to small and mid‑sized businesses, municipalities, and certain specialized sectors like petroleum dealerships and private‑equity clients. The bank is not a technology leader in the sense of owning unique proprietary platforms, but it is actively using modern digital tools to support its customer‑centric model. Key competitive risks include pressure from larger national banks, digital‑only challengers, and the usual regional bank sensitivities to local economies and credit cycles.

Innovation and R&D

Innovation and R&D Innovation at First Bank is centered on smart use of partnerships and platforms rather than heavy in‑house R&D spending. The Backbase digital platform is a core initiative, aimed at giving customers a unified experience across retail, business, commercial, and wealth services, and at improving internal efficiency. On top of this, the bank is innovating in product design through specialized lending programs, tailored industry solutions, and focused offerings for government and private‑equity clients. The main execution risks are delivering a smooth digital rollout, driving strong adoption among customers, and scaling specialty lending without sacrificing credit discipline.

Summary

Overall, First Bank appears to be a steadily growing regional bank that blends traditional community‑bank strengths with a measured push into digital services and specialized lending niches. Revenue and profits have generally trended upward, supported by a larger balance sheet and rising capital, though with some normal banking‑cycle volatility. Cash generation is positive but choppy, reinforcing the need to follow credit quality, deposit stability, and interest‑rate impacts over time. Its long‑term story depends on successfully turning its local relationships, niche lending programs, and new digital platform into durable customer loyalty and efficient growth, while carefully managing the risks that come with expansion and a more complex product set.

NEWS

November 20, 2025 · 11:22 AM UTC

First Bank Appoints New Chief Risk Officer: Bridget Welborn

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November 19, 2025 · 4:28 PM UTC

Dream First Bank Enters Agreement to Acquire Lakin Branch from Bank of the Plains

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November 17, 2025 · 12:37 PM UTC

Digital Commerce Bank Becomes First Bank in Canada to Launch Interac e-Transfer® Cards

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October 22, 2025 · 4:35 PM UTC

First Bank Announces Third Quarter 2025 Net Income of $11.7 Million

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October 7, 2025 · 9:00 AM UTC

First Bank and Carolina Hurricanes Extend Good Goals Partnership

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