First Bank (NASDAQ:FRBA) is set to announce third quarter earning results on Monday 26th October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, FRBA to report 3Q20 income of $ 0.22 per share.
For the full year, analysts anticipate top line of $ 68.74 million, while looking forward to income of $ 0.85 per share bottom line.
Previous Quarter Performance
First Bank revealed income for the second quarter of $ 0.21 per share, from the revenue of $ 18.21 million. The quarterly earnings gained 40.00 percent compared with the same quarter last year. Wall street analysts are predicting, FRBA to report 2Q20 income of $ 0.15 per share from revenue of $ 15.83 million. The bottom line results beat street analysts by $ 0.06 or 40.00 percent, at the same time, top line results outshined analysts by $ 2.38 million or 15.03 percent.
Stock Performance
On Friday, shares of First Bank has traded high as $ 7.48 and has cracked $ 7.33 on the downward trend, reaching $ 7.48 with volume of 17.20 thousand shares.
According to the previous trading day, closing price of $ 7.48, representing a 21.50 % increase from the 52 week low of $ 6.00 and a 36.94 % decrease over the 52 week high of $ 11.56.
The company has a market capital of $ 147.02 million and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.03 per share on July 21, 2020. The dividend were payable on August 21, 2020 to holders of record as of the close of business on August 7, 2020 and ex-dividend date on August 6, 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.
