First Bank 2026年第四季度报告

OverviewNews Events & PresentationsStock InfoStock QuoteDividend HistoryDividend Reinvestment ProgramFinancialsAnnual ReportsSEC FilingsGovernanceGovernance DocumentsBoard of DirectorsBoard CommitteesResourcesInvestor FAQsInformation Request FormInvestor Email AlertsIRS Forms 8937 News Details View All News First Bank Announces Fourth Quarter 2025 Net Income of$12.3Million and Full Year Net Income of $43.7Million January 26, 2026 Strong net interest margin and operating efficiency support tangible book value expansion Dividend increase declared HAMILTON, N.J., Jan. 26, 2026 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) ("theBank") today announced results for the fourth quarter of 2025. Net income for the fourth quarter of 2025 was$12.3 million, or $0.49 per diluted share, compared to $10.5 million, or $0.41 per diluted share, for the fourth quarter of 2024. Return on average assets, return on average equity and return on average tangible equityiforthe fourth quarter of 2025 were 1.21%, 11.11% and 12.58%, respectively, compared to 1.10%, 10.27% and11.82%, respectively, for the fourth quarter of 2024. Full year 2025 net income was $43.7 million, or $1.74 per diluted share, compared to $42.2 million, or $1.67per diluted share for 2024. Return on average assets, return on average equity and return on average tangibleequity for the full year 2025 were 1.11%, 10.26% and 11.69%, respectively, compared to 1.15%, 10.77% and FourthQuarter 2025 Performance Highlights: Total loans were $3.29 billion at December 31, 2025, increasing $149.0 million, or 4.7%, from December31, 2024, and decreasing $80.7 million from the linked quarter ended September 30, 2025. Elevatedlevels of payoffs totaling $134.8millionduring the fourth quarter of 2025 drove the decline in loans. This Total deposits were $3.20 billion at December 31, 2025, increasing $146.4 million, or 4.8%, fromDecember 31, 2024, and decreasing $21.3 million, or 2.6% annualized, from the linked quarter ended September 30, 2025.Net interest margin measured 3.74% for the fourth quarter of 2025, increasing three basis pointscompared to 3.71% for the linked quarter. Net interest margin measured 3.69% for the full year 2025,increasing 12 basis points compared to 3.57% for the full year 2024.Total revenue (net interest income plus non-interest income) of $38.5 million for the fourth quarter of2025 increased $495,000, or 1.3%, compared to the linked quarter, while full year total revenue was$147.2 million, an increase of $17.3 million, or 13.4%, compared to 2024.Efficiency ratioiimeasured 49.46% for the fourth quarter of 2025, improving from 51.81% for the linkedquarter and 56.91% for the fourth quarter of 2024.Tangible book value per shareiiigrew to $15.81 at December 31, 2025, increasing 12.4%, annualized,from $15.33at September 30, 2025 and increasing 11.5% from $14.19 at December 31, 2024. Patrick L. Ryan, President and CEO of First Bank, reflected on the Bank’s performance, stating, “Weexperienced continued improvement in our core operating trends and we also saw a number of “non-standard”items during the fourth quarter. Our community banking and specialty banking teams continued to execute ourstrategy to grow deep commercial relationships, building solid loan and deposit pipelines heading into 2026.During the fourth quarter we increased our net interest margin with effective pricing and balance sheet “We did see continued softness in the micro/small business credit-scored segment which led to elevated specificreserves and charge-offs in the quarter. Helping to offset those elevated credit costs in the quarter was a $1.9million gain (booked as a contra expense) related to an OREO property in Florida that we had been carrying forseveral years at a $0 value. The unusually high payoff activity led to higher than usual prepayment incomeduring the quarter, a short-term boost to help offset the reduction in interest-earning assets.The re-opening of “In our largest commercial segments, we continue to see mostly stable asset quality trends, ending the year witha nonperforming asset to total assets ratio of 0.46% which is identical to the ratio we had at the end of 2024.Criticized loans which includes loans classified as substandard and special mention totaled $80.4 million, or2.44% of loans at December 31, 2025, up from $67.2 million, or 2.15% of loans at December 31, 2024.Unfortunately, we needed to downgrade one $23 million cashflow-based C&I loan to substandard towards the “When going a level deeper in our risk rating scale, the total balance of pass/watch rated loans declined from$85.7 million at December 31, 2024, to $70.8 million at September 30, 2025 and $57.8 million at December 31,2025. Combining all three categories, pass/watch, special mention and substandard, our ratio declined from4.86% at December 31, 2024, to 4.41% at September 30, 2025 and to 4.20% at December 31, 2025.Meanwhile, credit quality in our largest segment, CREI, has b