First Bank (First Bank) Interest Expense : $-81.5 Mil (TTM As of Mar. 2024)

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What is First Bank Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. First Bank's interest expense for the three months ended in Mar. 2024 was $ -23.2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-81.5 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. First Bank's Operating Income for the three months ended in Mar. 2024 was $ Mil. First Bank's Interest Expense for the three months ended in Mar. 2024 was $ Mil. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

First Bank Interest Expense Historical Data

The historical data trend for First Bank's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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First Bank Interest Expense Chart

First Bank Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-25.80

-19.65

-9.22

-14.89

-69.50

First Bank Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-11.22	-14.79	-21.32	-22.17	-23.25

First Bank Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-81.5 Mil.

First Bank (First Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Bank (NAS:FRBA) » Definitions » Interest Expense

Comparable Companies

Traded in Other Exchanges

N/A

Address

2465 Kuser Road, Hamilton, NJ, USA, 08690

Website

https://www.firstbanknj.com

First Bank is a full-service commercial bank, with an emphasis on providing personal and business financial services to individuals and small to mid-sized businesses in Gloucester, Atlantic and Camden Counties in New Jersey. The Bank provides its customers with a variety of financial services targeting all segments of the retail and corporate market. Its Business Banking offers commercial deposit accounts, business loans, online banking, cash management.

Executives

Terrance M Mccarthy

director, officer: Senior EVP/COO

550 MONTGOMERY ST, SAN FRANCISCO CA 94111