First Bank

First Bank is a state-chartered commercial bank, which offers a traditional range of deposit and loan products to individuals and businesses in its Central and Southern New Jersey markets. Its primary focus within community banking encompasses the firm's primary business, which includes providing a wide range of commercial and retail and related banking services. The company was founded on April 23, 2007 and is headquartered in Hamilton, NJ.

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First Bank (FRBA) reports robust Q4 earnings, eyes growth post-Malvern

First Bank (FRBA) delivered a strong Q4 2022 performance with solid profitability metrics and positive growth in tangible book value per share.
While facing challenges like increased deposit costs and stock buyback constraints, the bank remains optimistic for 2023, driven by new initiatives and the Malvern acquisition.
Opportunities lie in revenue enhancements post-merger, improved loan yields, and expense control, positioning First Bank for continued growth and success.
Management's focus on maintaining asset quality, controlling expenses, and leveraging opportunities bodes well for the bank's future performance and shareholder value.

First Bank (FRBA) reports $7.0 million net income in Q1 2023, eyes C&I lending growth and share buybacks

First Bank (FRBA) navigated Q1 2023 with solid financial performance, emphasizing quality loan growth and expense management. Despite challenges in NIM compression and lower non-interest income, the company remains focused on strategic initiatives for future growth. Opportunities in C&I lending, geographic expansion, and share buybacks post-merger offer avenues for enhancing shareholder value.

First Bank (FRBA) reports robust Q2 growth amidst integration challenges

First Bank (FRBA) showcased strong operational performance with notable deposit and loan growth in Q2 2023.
Despite challenges from strategic investments and industry conditions, the bank is focused on profitability and efficiency.
Opportunities lie in the Malvern acquisition for enhanced profitability and in organic growth for expanding revenue streams.
Addressing challenges such as earnings drag and integration issues will be crucial for sustained financial success.

First Bank reports robust Q3 earnings post-Malvern merger success

First Bank's Q3 performance reflects the successful merger with Malvern Bank and progress on Project Sculpt, driving strong financial metrics.
While facing integration challenges and short-term cost increases, the bank is well-positioned for future growth and profitability.
Management's strategic focus on core profitability, asset optimization, and cost efficiency bodes well for sustained earnings growth.
With a healthy loan and deposit pipeline, First Bank is poised to capitalize on opportunities for margin improvement and financial strength.

First Bank (FRBA) reports robust Q4 earnings, eyes organic growth

First Bank's Q4 2023 performance showcased strong core earnings growth, improved margins, and meeting cost savings targets. While facing challenges in non-interest income and balance sheet optimization, the bank remains optimistic about future results and emphasizes organic growth opportunities.

First Bank (FRBA) reports robust Q1 earnings amidst deposit challenges

First Bank (FRBA) delivered a strong quarter with efficient operations and positive financial metrics. While facing challenges in core deposit attraction and noncore items impacting earnings, the bank remains focused on growth opportunities through low-cost deposits and technology investments.

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First Bank is a state-chartered commercial bank, which offers a traditional range of deposit and loan products to individuals and businesses in its Central and Southern New Jersey markets. Its primary focus includes providing a wide range of commercial and retail and related banking services. The company was founded in 2007 and is headquartered in Hamilton, NJ.

ELKHART, Kan.--(BUSINESS WIRE)--To protect Heartland Tri-State Bank depositors, Dream First Bank has entered into an agreement on July 28 with the FDIC to purchase and assume all deposits of Heartland Tri-State Bank. Heartland Tri-State Bank employees and customers are being welcomed to Dream First Bank during the transition. Now a part of Dream First Bank, each of the former Heartland Tri-State Bank branches will continue to provide personal and business banking services to the community. “At.

Heartland Tri-State Bank Branches to Reopen as Dream First Bank on Monday, July 31

First Bank (NASDAQ:FRBA ) Q2 2023 Earnings Conference Call July 27, 2023 9:00 AM ET Company Participants Patrick Ryan - President & Chief Executive Officer Andrew Hibshman - Chief Financial Officer Darleen Gillespie - Chief Retail Bank Officer Peter Cahill - Chief Lending Officer Conference Call Participants Nick Cucharale - Hovde Group Manuel Navas - D.A. Davidson Operator Thank you for standing by.

First Bank (FRBA) Q2 2023 Earnings Call Transcript

Quarterly Results reflect stable net income, strong deposit growth, favorable credit metrics and continued shareholder value creation with increased Book Value per Share Quarterly Results reflect stable net income, strong deposit growth, favorable credit metrics and continued shareholder value creation with increased Book Value per Share

First Bank Announces Second Quarter Net Income of $6.8 Million and EPS of $0.35

D'IBERVILLE, Miss.--(BUSINESS WIRE)-- #affordablehousing--The Federal Home Loan Bank of Dallas (FHLB Dallas) awarded nearly $10,000 through its member, The First Bank, to a D'Iberville, Mississippi, homeowner whose house was damaged when Hurricane Ida swept through town in August 2021. Dana Dronet, 75, used the funds to replace the roof of his home. Administered through FHLB Dallas member institutions, DRA provides up to $12,000 per homeowner for the repair and reconstruction of owner-occupied housing affected by a.

A $10K Subsidy from FHLB Dallas and The First Bank Helps Mississippian Replace Hurricane-Damaged Roof

PHILADELPHIA--(BUSINESS WIRE)--INHP has been awarded $22.2M in federal funding to help rehabilitate the First Bank of the U.S. with the intent to transform it into a museum.

Independence National Historical Park Awarded $22.2 Million in Federal Funding to Rehabilitate Historic First Bank of the United States

HAMILTON, N.J. and PAOLI, Pa., July 06, 2023 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) and Malvern Bancorp, Inc. (Nasdaq Global Market: MLVF), the parent company of Malvern Bank, National Association (“Malvern Bank”), today announced receipt of regulatory approvals from the Federal Deposit Insurance Corporation, the New Jersey Department of Banking and Insurance and the Pennsylvania Department of Banking and Securities, as well as non-objection from the Board of Governors of the Federal Reserve System, to complete the previously announced acquisition under which First Bank will acquire Malvern Bancorp, Inc. and its wholly-owned subsidiary, Malvern Bank, for a combination of cash and stock (the “Merger”). The Merger is anticipated to close by mid-July 2023, pending satisfaction of customary closing conditions.

First Bank and Malvern Bancorp, Inc. Announce Receipt of Regulatory Approvals for Strategic Combination

HAMILTON, N.J., June 29, 2023 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) invites participation in a conference call to discuss the Company's financial and operating performance during its second quarter ended June 30, 2023.

First Bank Announces Second Quarter 2023 Earnings Conference Call

SOUTHERN PINES, N.C. , June 13, 2023 /PRNewswire/ -- First Bank has ranked #1 as a BEST Employer in the Extra Large (330+) Employer category in Business NC Magazine.

FIRST BANK NAMED A BEST EMPLOYER IN NC

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With First Republic Bank becoming the third regional bank to fail in the last two months and the largest since 2008, is a financial crisis led by the failures of regional banks all but certain. Look into how ETFs with exposure in regional banks are affected.

Is a Regional Bank-Led Financial Crisis Imminent? ETFs in Focus

SOUTHERN PINES, N.C. , May 2, 2023 /PRNewswire/ -- April 17-21, 2023 was First Bank's third annual, week-long celebration where bank employees are given funds to go into the community and perform good deeds.

FIRST BANK PAYS IT FORWARD WITH "GOOD DEEDS WEEK"

First Bank (NASDAQ:FRBA ) Q1 2023 Earnings Conference Call April 27, 2023 9:00 AM ET Company Participants Patrick Ryan - President and CEO Andrew Hibshman - CFO Darleen Gillespie - Chief Retail Bank Officer Peter Cahill - Chief Lending Officer Conference Call Participants Nick Cucharale - Hovde Group Manuel Navas - D.A. Davidson Patrick Ryan I'd like to welcome everyone today to First Bank's First Quarter 2023 Earnings Call.

First Bank (FRBA) Q1 2023 Earnings Call Transcript

Quarterly Results Showcase Franchise Resiliency During Challenging Environment Quarterly Results Showcase Franchise Resiliency During Challenging Environment

First Bank Announces First Quarter Net Income of $7.0 Million and EPS of $0.36

Malvern Bancorp

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Malvern Bancorp, Inc. (NasdaqGM: MLVF) to First Bank (NasdaqGM: FRBA). Under the terms of the proposed transaction, shareholders of Malvern will receive 0.7733 shares of First Bank and $7.80 in cash for each share of Malvern that they own, subject to possible adjustment.

MALVERN BANCORP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Malvern Bancorp, Inc. - MLVF

HAMILTON, N.J., March 31, 2023 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) invites participation in a conference call to discuss the Company's financial and operating performance during its first quarter ended March 31, 2023.

First Bank Announces First Quarter 2023 Earnings Conference Call

Credit Suisse and Silicon Valley Bank may have collapsed but a financial crash today would be very different to the 2008 crisis.

'The first bank crisis of the Twitter generation': The pressure on banks is very different to 2008

SOUTHERN PINES, N.C., March 13, 2023 /PRNewswire/ -- This weekend, First Bank finalized its acquisition of GrandSouth Bank with a successful systems conversion between the banks. With the conversion, First Bank will add 8 locations to its South Carolina branch network, including 2 locations in Greenville and a location in Anderson, Charleston, Columbia, Fountain Inn, Greer and Orangeburg. The addition of GrandSouth Bank increased First Bank's total assets to approximately $12 billion with $10.1 billion in deposits and $7.7 billion in loans.

FIRST BANK COMPLETES GRANDSOUTH BANK CONVERSION

First Bank (NASDAQ:FRBA ) Q4 2022 Earnings Conference Call January 26, 2023 9:00 AM ET Company Participants Patrick Ryan - President & Chief Executive Officer Andrew Hibshman - Chief Financial Officer Peter Cahill - Chief Lending Officer Conference Call Participants David Bishop - Hovde Group Manuel Navas - D.A. Davidson Operator Thank you all for joining.

First Bank (FRBA) Q4 2022 Earnings Call Transcript

First Bank (FRBA) delivered earnings and revenue surprises of -11.11% and 4.56%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

First Bank (FRBA) Q4 Earnings and Revenues Miss Estimates

Quarterly Results Highlighted by Agreement to Acquire Malvern Bancorp, Strong Organic Loan Growth, Continued Revenue Expansion, and Outstanding Asset Quality Metrics Quarterly Results Highlighted by Agreement to Acquire Malvern Bancorp, Strong Organic Loan Growth, Continued Revenue Expansion, and Outstanding Asset Quality Metrics

First Bank Reports Fourth Quarter 2022 Net Income of $9.1 Million and Full Year Net Income of $36.3 Million

HAMILTON, N.J., Jan. 03, 2023 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) invites participation in a conference call to discuss the Company's financial and operating performance during its fourth quarter ended December 31, 2022.

First Bank Announces Fourth Quarter 2022 Earnings Conference Call

NEW YORK , Dec. 14, 2022 /PRNewswire/ -- Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Malvern Bancorp, Inc. ("Malvern" or the "Company") (NASDAQ: MLVF), in connection with the proposed acquisition of the Company by First Bank ("First Bank") (NASDAQ: FRBA).  Under the merger agreement, the Company's shareholders will receive 0.7733 shares of First Bank common stock, plus $7.80 in cash for each outstanding Malvern share, representing implied per-share consideration of $19.64 based upon First Bank's December 13, 2022 closing price of $15.31.

SHAREHOLDER ALERT: Weiss Law Investigates Malvern Bancorp, Inc.

NEW YORK--( BUSINESS WIRE )--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of First Bank (NASDAQ: FRBA) and Malvern Bancorp, Inc. is fair to First Bank shareholders. Under the terms of the merger, Malvern shareholders will receive 0.7733 shares of First Bank common stock and $7.80 in cash per each Malvern common share outstanding.

FRBA Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of First Bank Is Fair to Shareholders

Expanded Presence in Highly Desirable New Jersey and Pennsylvania Markets Expanded Presence in Highly Desirable New Jersey and Pennsylvania Markets

First Bank and Malvern Bancorp, Inc. Reach Agreement on Strategic Combination

First Bank (NASDAQ:FRBA ) Q3 2022 Earnings Conference Call October 26, 2022 9:00 AM ET Company Participants Pat Ryan - President & Chief Executive Officer Andrew Hibshman - Chief Financial Officer Peter Cahill - Chief Lending Officer Conference Call Participants Nick Cucharale - Piper Sandler David Bishop - Hovde Group Manuel Navas - D.A. Davidson Pat Ryan I'd like to welcome everyone today to First Bank's Third Quarter 2020 Earnings Call.

First Bank (FRBA) Q3 2022 Earnings Call Transcript

First Bank (FRBA) delivered earnings and revenue surprises of 1.96% and 2.27%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

News for First Bank Stock (FRBA)