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First Bank Reports Second Quarter 2019 Net Income of $2.8 Million

First Bank (FRBA) 
Last first bank earnings: 4/27 04:30 pm Check Earnings Report
Company Research Source: GlobeNewswire
First Half 2019 Net Income is $7.1 Million For the Second Quarter and First Half of 2019: Continued Strong Loan Origination, Solid Revenue Growth, Strong Period-End Capital Levels HAMILTON, N.J., July 24, 2019 (GLOBE NEWSWIRE) -- First Bank (Nasdaq Global Market: FRBA) today announced results for the three and six months ended June 30, 2019. Net income for the second quarter of 2019 was $2.8 million, or $0.15 per diluted share, compared to $4.0 million, or $0.22 per diluted share, for the second quarter of 2018. Return on average assets and return on average equity for the second quarter of 2019 were 0.64% and 5.64%, respectively, and 1.02% and 9.09%, respectively, for the second quarter of 2018. Net income for the first six months of 2019 was $7.1 million, or $0.38 per diluted share, compared to $8.1 million, or $0.44 per diluted share, for the same period in 2018. First Bank’s second quarter 2019 adjusted diluted earnings per share1 was $0.15, adjusted return on average assets1 Show less Read more
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