First Bank (NASDAQ:FRBA) is set to announce second quarter earning results on Monday 27th July 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, FRBA to report 2Q20 income of $ 0.15 per share from revenue of $ 15.83 million.
For the full year, analysts anticipate top line of $ 66.82 million, while looking forward to income of $ 0.80 per share bottom line.
Previous Quarter Performance
First Bank reported income for the first quarter of $ 0.15 per share, from the revenue of $ 17.09 million. The quarterly earnings contracted 34.78 percent while revenues compared with the same quarter last year.
The consensus estimates are income of $ 0.22 per share from $ 16.17 million in revenue. The bottom line results missed street analysts by $ 0.07 or 31.82 percent, at the same time, top line results outshined analysts by $ 0.92 million or 5.69 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of FRBA was $ 6.50, representing a 8.33 % increase from the 52 week low of $ 6.00 and a 43.97 % decrease over the 52 week high of $ 11.60.
The company has a market capital of $ 127.84 million and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Stock Dividend Announcement
On April 21, 2020, the board of directors authorized quarterly dividend of $ 0.03 per share to holders of record as of the close of business on May 8, 2020, with payment date of May 22, 2020 and ex-dividend date on May 7, 2020.
First Bank provides various banking products and services to individuals, businesses, and governmental entities. The company accepts various deposits, including non-interest bearing demand deposits, interest bearing demand accounts, money market accounts, savings accounts, and certificates of deposit, as well as commercial checking accounts. Its loan products include commercial and industrial loans; commercial real estate loans, such as owner-occupied, investor, construction and development, and multi-family loans; residential real estate loans comprising residential mortgages, first and second lien home equity loans, and revolving lines of credit; and consumer loans, which consist of auto, personal, and traditional installment loans, as well as other loans.
