First Bank

First Bank

FRBA · NASDAQ · Financial Services / Banks - Regional

19.75USD-0.02 (-0.10%)

Price History

Full chart

Market Stats

Previous Close19.77
Open19.77
Day Range19.42 – 19.77
52-Week Range14.26 – 19.95
Volume67.80K
Market Cap479.36M
P/E (TTM)11.32
Forward P/E8.34
EPS1.71
Dividend Yield2.47%
Beta0.56
50-Day Avg17.93
200-Day Avg16.96

About

First Bank provides various banking products and services to small and mid-sized businesses and individuals. It accepts various deposits, including non-interest- and interest-bearing demand deposits, money market accounts, savings accounts, and certificates of deposit, as well as commercial checking and cash management accounts. The company also offers various loan products, such as commercial and industrial loans, which include line of credit, inventory, equipment, and short-term working capital financing; commercial real estate loans comprising owner-occupied, investor, construction and development, and multi-family loans; residential mortgages loans, home equity loans, and revolving lines of credit; and consumer and other loans, such as auto, personal, traditional installment, and other loans. In addition, it provides digital banking services, including online, mobile, telephone banking; ATM and debit cards, and wire and ACH transfer services; remote deposit capture; and cash management services, as well as engages in the capital markets activities. The company operates full-service branches in Cinnaminson, Delanco, Denville, Ewing, Fairfield, Flemington, Hamilton, Lawrenceville, Monroe, Morristown, Oceanport, Pennington, Randolph, Somerset, Trenton, Williamstown, New Jersey; Devon, Doylestown, Lionville, Malvern, Media, Paoli, Trevose, Warminster, and West Chester, Pennsylvania; and Wellington, Florida. First Bank was incorporated in 2007 and is headquartered in Hamilton, New Jersey.

Company Details

  • SectorFinancial Services
  • IndustryBanks - Regional
  • CEOMr. Patrick L. Ryan
  • Employees329
  • Headquarters2465 Kuser Road, Hamilton, NJ, United States, 08690, USA
  • Websitehttps://www.myfirstbank.com

Leadership

  • Mr. Patrick L. RyanPresident, CEO & Director · b. 1976
  • Mr. Andrew L. Hibshman CPAExecutive VP, Treasurer & CFO · b. 1982
  • Mr. Christopher J. EwingExecutive VP & COO · b. 1960
  • Mr. Peter J. CahillExecutive VP & Chief Lending Officer · b. 1957
  • Mr. Parwinder S. VirkFirst Senior VP & Chief Accounting Officer
  • Ms. Sarah PearsonFVP, Chief Compliance & CRA Officer
  • Ms. Kimberly CerasiFirst Senior VP & Director of Human Resources
  • Mr. Stephen F. CarmanFirst Senior VP & Senior Accounting Officer · b. 1957
  • Mr. Scott W. CivilSenior VP & Market Executive
  • Mr. Michael B. CookSenior VP & Manager Investor Real Estate

Financials

Income Statement

Currency: USD2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue12.00M9.96M12.18M21.27M32.41M39.96M53.31M76.19M88.17M95.55M98.87M112.38M173.30M229.44M246.78M
Growth (%)--17.01%+22.24%+74.69%+52.37%+23.30%+33.43%+42.91%+15.72%+8.38%+3.47%+13.67%+54.21%+32.39%+7.56%
Cost of Revenue5.02M3.28M3.41M4.14M9.61M12.12M14.21M21.24M29.79M29.19M8.99M17.76M77.44M100.76M110.52M
Gross Profit6.98M6.68M8.77M17.13M22.80M27.84M39.10M54.95M58.38M66.37M89.88M94.62M95.86M128.68M136.26M
Gross Margin58.14%67.07%71.99%80.53%70.35%69.66%73.35%72.12%66.21%69.45%90.91%84.20%55.31%56.08%55.22%
Operating Expense4.83M3.62M5.25M9.16M17.73M18.33M24.68M33.31M39.36M40.39M43.15M46.73M68.70M73.53M78.95M
Operating Income2.15M3.06M3.51M7.97M5.07M9.50M14.42M21.64M19.01M25.98M46.72M47.89M27.16M55.15M57.30M
Operating Margin17.93%30.74%28.85%37.47%15.65%23.79%27.05%28.40%21.57%27.19%47.26%42.61%15.67%24.04%23.22%
EBITDA-2.67M3.18M8.55M5.68M10.13M15.13M23.04M20.68M27.86M48.30M49.44M30.01M59.47M61.52M
EBITDA Margin-26.77%26.11%40.21%17.53%25.36%28.39%30.24%23.46%29.16%48.86%44.00%17.31%25.92%24.93%
Net Income2.10M2.59M1.71M5.84M3.89M6.41M6.99M17.59M13.45M19.45M35.43M36.29M20.90M42.24M43.66M
Net Income Margin17.52%25.98%14.03%27.44%11.99%16.03%13.12%23.09%15.25%20.35%35.83%32.29%12.06%18.41%17.69%
Interest Expense03.28M3.41M4.14M6.94M9.42M11.54M17.79M25.80M19.65M9.22M14.89M69.50M99.58M98.63M
Interest Expense % of Total Revenue0.00%32.93%28.01%19.47%21.42%23.59%21.64%23.35%29.27%20.56%9.33%13.25%40.10%43.40%39.97%

Balance Sheet

Currency: USD2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets264.91M351.12M466.79M677.46M856.11M1.07B1.45B1.71B2.01B2.35B2.52B2.73B3.61B3.78B3.96B
Total Liabilities240.93M320.10M414.29M612.70M787.34M984.49M1.29B1.52B1.79B2.11B2.26B2.44B3.24B3.37B3.51B
Total Equity23.98M31.02M52.51M64.76M68.76M88.81M163.25M194.84M226.39M238.11M266.67M289.56M370.90M409.16M443.50M
Cash6.31M6.18M23.71M16.77M37.46M32.73M47.49M36.35M47.88M99.84M155.78M113.63M215.18M258.39M302.19M
Total Debt-10.22M14.00M14.00M67.07M107.79M116.61M115.21M127.44M190.64M124.90M120.66M234.40M276.89M271.06M
Net Debt-4.04M-9.71M-2.77M8.08M53.42M69.12M78.85M79.56M90.80M-30.87M7.03M19.22M18.50M-31.13M

Cash Flow

Currency: USD2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow3.40M4.39M5.75M4.84M5.14M9.16M16.53M36.92M20.81M24.51M28.04M36.88M143.84M27.63M65.56M
Investing Cash Flow--85.64M-120.69M-82.38M-166.46M-222.31M-167.88M-140.67M-81.17M-327.18M7.04M-233.07M20.33M-107.20M-155.11M
Financing Cash Flow50.29M83.35M114.73M74.20M174.29M210.11M164.44M115.80M86.73M316.36M23.95M167.60M-62.13M123.53M126.85M
Capital Expenditure149.00K170.00K278.00K425.00K539.00K459.00K428.00K1.79M1.03M359.00K189.00K1.91M3.12M2.91M2.90M
Free Cash Flow-4.22M5.47M4.41M4.60M8.70M16.10M35.13M19.78M24.15M27.85M34.97M140.72M24.72M62.66M
Dividends Paid---1.11M1.11M1.11M1.11M2.20M2.30M2.38M2.94M4.68M5.32M6.03M5.98M
FCF to OCF-96.12%95.16%91.21%89.51%94.99%97.41%95.14%95.07%98.54%99.33%94.83%97.83%89.47%95.57%
Dividend Paid to FCF---25.07%24.04%12.71%6.87%6.26%11.63%9.87%10.54%13.38%3.78%24.39%9.54%

Earnings

Report DateOct 22, 2013Feb 24, 2014May 15, 2014Jul 29, 2014Oct 28, 2014Feb 2, 2015May 4, 2015Jul 29, 2015Oct 29, 2015Jan 28, 2016Apr 25, 2016Jul 25, 2016Oct 25, 2016Jan 30, 2017Apr 24, 2017Jul 24, 2017Oct 30, 2017Jan 30, 2018Apr 23, 2018Jul 23, 2018Oct 22, 2018Jan 24, 2019Apr 29, 2019Jul 24, 2019Oct 29, 2019Jan 29, 2020Apr 27, 2020Jul 27, 2020Oct 26, 2020Jan 27, 2021Apr 26, 2021Jul 26, 2021Oct 26, 2021Jan 26, 2022Apr 25, 2022Jul 26, 2022Oct 25, 2022Jan 25, 2023Apr 26, 2023Jul 26, 2023Oct 25, 2023Jan 24, 2024Apr 22, 2024Jul 24, 2024Oct 23, 2024Jan 23, 2025Apr 22, 2025Jul 21, 2025Oct 21, 2025Jan 25, 2026Apr 26, 2026Jul 23, 2026Oct 22, 2026Oct 28, 2026
EPS Estimate-0.060.090.110.110.120.120.100.120.100.140.140.140.170.190.160.150.190.250.260.250.260.210.230.210.210.230.160.220.300.350.380.430.420.410.430.500.540.440.260.260.390.420.400.400.390.390.420.460.490.460.400.440.44
EPS Actual0.100.050.120.100.120.020.140.080.080.070.140.150.160.160.170.150.210.180.230.240.280.210.220.150.180.280.150.210.300.310.490.450.460.420.410.450.520.480.380.350.420.490.490.470.340.420.370.420.470.490.300.430.49-
Surprise--16.67%33.33%-9.09%9.09%-83.33%16.67%-20.00%-33.33%-30.00%0.00%7.14%14.29%-5.88%-10.53%-6.25%40.00%-5.26%-8.00%-7.69%12.00%-19.23%4.76%-34.78%-14.29%33.33%-34.78%31.25%36.36%3.33%40.00%18.42%6.98%0.00%0.00%4.65%4.00%-11.11%-13.64%34.62%61.54%25.64%16.67%17.50%-15.00%7.69%-5.13%0.00%2.17%0.00%-34.78%7.50%11.36%-
Timing-After-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-

Key Statistics & Ratios

Market Cap479.36M
Enterprise Value457.55M
Trailing P/E11.32
Forward P/E8.34
PEG Ratio0.00
Price / Sales3.53
Price / Book1.06
EPS1.71
Book Value18.61
Revenue (TTM)135.74M
Gross Profit (TTM)135.74M
Profit Margin31.67%
Operating Margin45.97%
Return on Equity9.63%
Return on Assets1.06%
Shares Outstanding24.76M
Shares Float21.23M
Beta0.56
Dividend Yield2.47%
Dividend Rate0.48
Payout Ratio17.89%

Analyst Ratings

Buy
Based on 3 analystsTarget 20.67
  • Strong Buy
    1
  • Buy
    1
  • Hold
    1

Ownership Breakdown

Institutions
59.17%
Insiders
6.42%
Retail / Other
34.41%

Top Institutional Holders

  • BlackRock Inc
    1.99M8.04%
  • Patriot Financial Partners GP II, LP
    1.63M6.59%
  • Dimensional Fund Advisors, Inc.
    1.09M4.41%
  • Vanguard Capital Management, LLC
    1.02M4.12%
  • Banc Funds Co LLC
    864.21K3.49%
  • AllianceBernstein L.P.
    775.44K3.13%
  • American Century Companies Inc
    625.89K2.53%
  • Geode Capital Management, LLC
    539.84K2.18%
  • Royce & Associates, LP
    534.42K2.16%
  • PL Capital Advisors, LLC
    478.89K1.93%
  • State Street Corp
    420.71K1.70%
  • CSM Advisors, LLC
    287.67K1.16%
  • Bridgeway Capital Management, LLC
    224.47K0.91%
  • Wellington Management Company LLP
    205.08K0.83%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    751.53K3.04%
  • Avantis US Small Cap Value ETF
    653.02K2.64%
  • iShares Russell 2000 ETF
    587.57K2.37%
  • Fidelity Small Cap Index
    239.11K0.97%
  • DFA US Small Cap Value I
    214.90K0.87%
  • iShares Russell 2000 Value ETF
    209.52K0.85%

Dividends

20264×
0.12Nov 6, 20260.09Aug 7, 20260.09May 8, 20260.09Feb 6, 2026
20254×
0.06Nov 7, 20250.06Aug 8, 20250.06May 9, 20250.06Feb 7, 2025
20244×
0.06Nov 8, 20240.06Aug 9, 20240.06May 9, 20240.06Feb 8, 2024
20234×
0.06Nov 9, 20230.06Aug 10, 20230.06May 11, 20230.06Feb 9, 2023
20224×
0.06Nov 10, 20220.06Aug 11, 20220.06May 12, 20220.06Feb 10, 2022
20214×
0.06Nov 4, 20210.03Aug 5, 20210.03May 6, 20210.03Feb 11, 2021