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) ("the Bank") 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...
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) ("the Bank") 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 equityi for the fourth quarter of 2025 were 1.21%, 11.11% and 12.58%, respectively, compared to 1.10%, 10.27% and 11.82%, 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 $1.67 per diluted share for 2024. Return on average assets, return on average equity and return on average tangible equity for the full year 2025 were 1.11%, 10.26% and 11.69%, respectively, compared to 1.15%, 10.77% and 12.50%, respectively, for the full year 2024. Fourth Quarter 2025 Performance Highlights: Total loans were $3.29 billion at December 31, 2025, increasing $149.0 million, or 4.7%, from December 31, 2024, and decreasing $80.7 million from the linked quarter ended September 30, 2025. Elevated levels of payoffs totaling $134.8 million during the fourth quarter of 2025 drove the decline in loans. This level of payoffs was almost as much as the total for the first nine months of 2025 which totaled $149.9 million. Total deposits were $3.20 billion at December 31, 2025, increasing $146.4 million, or 4.8%, from December 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 points compared 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% fo...