First Bank (FRBA) Tops Q3 EPS by 2c

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Go back to First Bank (FRBA) Tops Q3 EPS by 2c

First Bank Reports Third Quarter 2022 Net Income of $10.2 Million

October 25, 2022 4:27 PM EDT

HAMILTON, N.J., Oct. 25, 2022 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) (the Bank) today announced results for the third quarter of 2022, highlighted by net income of $10.2 million, or $0.52 per diluted share. Return on average assets, return on average equity, and return on average tangible equityi for the third quarter of 2022 were 1.57%, 14.46% and 15.55%, respectively. In the third quarter of 2021, First Bank reported net income of $9.0 million, or $0.46 per diluted share, and return on average assets, return on average equity, and return on average tangible equityi of 1.46%, 13.86% and 14.90%, respectively.

Third Quarter 2022 Highlights:... More