First Bank Announces First Quarter 2024 Net Income of $12.5 Million

April 22, 2024

https://www.globenewswire.com/news-release/2024/04/22/2867251/0/en/First-Bank-Announces-First-Quarter-2024-Net-Income-of-12-5-Million.html

HAMILTON, N.J., April 22, 2024 (GLOBE NEWSWIRE) — First Bank (Nasdaq Global Market: FRBA) (the Bank) today announced results for the first quarter of 2024. Net income for the first quarter of 2024 was $12.5 million, or $0.50 per diluted share, compared to $7.0 million, or $0.36 per diluted share, for the first quarter of 2023. Return on average assets, return on average equity and return on average tangible equity[i] for the first quarter of 2024 were 1.41%, 13.36% and 15.64%, respectively, compared to 1.03%, 9.70% and 10.39%, respectively, for the first quarter of 2023.

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