First Bank (FRBA) Tops Q3 EPS by 18c

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Go back to First Bank (FRBA) Tops Q3 EPS by 18c

First Bank Announces Third Quarter of 2023 Net Loss of $1.3 Million driven by one-time costs associated with Malvern Bancorp acquisition

October 25, 2023 4:35 PM EDT

HAMILTON, N.J., Oct. 25, 2023 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) (the Bank) today announced its third quarter 2023 financial results with a net loss of $1.3 million, or a loss of $0.05 per diluted share, and losses on average assets, equity, and tangible equityi of 0.14%, 1.43%, and 1.66%, respectively. Excluding merger-related expenses and other one-time expenses, First Banks third quarter... More