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First Bank Reports First Quarter 2020 Net Income of $3.2 Million

First Bank (FRBA) 
Last first bank earnings: 4/27 04:30 pm Check Earnings Report
Company Research Source: GlobeNewswire
First Bank Describes Response to COVID-19 Pandemic For the First Quarter 2020: Efficiency Ratio1 of 58.65%, Pre-Provision Net Revenue2 of $7.0 Million, Loan Growth of $34.8 million HAMILTON, N.J., April 27, 2020 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) today announced results for the first quarter of 2020. Net income for first quarter 2020 was $3.2 million, or $0.16 per diluted share, compared to $4.3 million, or $0.23 per diluted share, for the first quarter of 2019. Return on average assets and return on average equity for the first quarter of 2020 were 0.63% and 5.69%, respectively, compared to first quarter 2019 return on average assets and return on average equity of 0.99% and 8.79%, respectively. First quarter 2020 adjusted diluted earnings per share3 were $0.15, adjusted return on average assets3 was 0.61% and adjusted return on average equity3 was 5.44% compared to first quarter 2019 adjusted diluted earnings per share of $0.22, adjusted return on avera Show less Read more
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