First Bank Reports First Quarter 2019 Net Income of $4.3 Million
First Bank (FRBA)
Last first bank earnings: 4/27 04:30 pm
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Source: GlobeNewswire
HAMILTON, N.J., April 29, 2019 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) today announced results for the first quarter 2019. Net income for the first quarter 2019 was $4.3 million or $0.23 per diluted share, compared to $4.0 million or $0.23 per diluted share for the first quarter of 2018. Return on average assets and return on average equity for the first quarter of 2019 were 0.99% and 8.79%, respectively, and 1.11% and 9.90%, respectively for the first quarter of 2018. Net income for the first quarter 2019 and 2018 included certain merger-related items. First Bank’s first quarter 2019 adjusted diluted earnings per share1 were $0.22, adjusted return on average assets1 was 0.99% and adjusted return on average equity1 was 8.76%. First quarter 2018 adjusted diluted earnings per share were $0.23, adjusted return on average assets was 1.14% and adjusted return on average equity was 10.18%. First Quarter 2019 Performance Highlights: A 12.1% increase in total net r
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