First Bank (FRBA, Financial) has announced its first-quarter financial results for 2025, revealing revenue of $34.06 million. This figure surpasses market expectations, which had forecasted earnings of $33.52 million. The bank's tangible book value per share saw a significant year-over-year increase of 10.8%, reaching $14.47.
Under the leadership of Patrick Ryan, President and CEO, First Bank reported impressive growth in both loans and deposits, emphasizing a strong performance in its commercial and industrial loan sectors. The bank's net interest margin showed improvements, while asset quality remained robust, maintaining an efficiency ratio below 60% for the 23rd quarter in a row.
The bank has been focusing on technological advancements and expansion in its Commercial and Industrial (C&I) lending and deposit-oriented business units. These strategic investments have contributed significantly to the bank's growth, reflected in its solid financial metrics.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 3 analysts, the average target price for First Bank (FRBA, Financial) is $17.67 with a high estimate of $19.00 and a low estimate of $17.00. The average target implies an upside of 25.03% from the current price of $14.13. More detailed estimate data can be found on the First Bank (FRBA) Forecast page.
Based on the consensus recommendation from 3 brokerage firms, First Bank's (FRBA, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for First Bank (FRBA, Financial) in one year is $15.05, suggesting a upside of 6.51% from the current price of $14.13. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the First Bank (FRBA) Summary page.
