The significant EPS miss and rising credit costs point to near-term negative price action. Monitor next quarter's credit loss expense and NPL trends; if credit normalization occurs, the stock may recover, but elevated charge-offs suggest continued headwinds.
Price Chart
Executive Summary
First Bank (FRBA) reported Q1 2026 EPS of $0.30, a 36% miss vs consensus of $0.47, driven by a surge in credit loss expense ($5.6M vs $1.5M last year) from small business portfolio charge-offs. Net income fell 18.5% YoY to $7.6M, and nonperforming loans jumped to $26.2M from $18.4M, signaling asset quality deterioration.
Key Financial Metrics
Key Facts
- Q1 2026 diluted EPS $0.30 vs consensus $0.47 (miss of 36%)
- Net income $7.6M, down 18.5% YoY ($9.4M)
- Credit loss expense $5.6M, up 260% YoY ($1.5M)
- Nonperforming loans $26.2M, up 42% from $18.4M at Dec 2025
- Net charge-offs $5.0M vs net recoveries of $15K in Q1 2025
- Net interest margin stable at 3.69%
Financial Impact
EPS miss of $0.17 (36%) and net income decline of $1.8M
Risk Factors
- Further credit deterioration in the small business portfolio
- Elevated nonperforming loans leading to additional charge-offs
- Potential downward revision of analyst estimates
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3282067 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 3d ago | Press Release | $18.71 | awaiting T+60 | — | $19.39 (+3.63%) |
Sep 30, 2026 25d ago | Press Release | $17.24 | awaiting T+60 | — | $19.39 (+12.47%) |
Jul 23, 2026 13w ago | Press Release | $17.98 $17.75 | ▼ −1.28% | ▼ −4.57% | $19.39 (+7.84%) |
Jul 1, 2026 16w ago | Press Release | $17.99 | awaiting T+60 | — | $19.39 (+7.78%) |
Apr 27, 2026 25w ago | Press Release | $15.32 $17.49 | ▼ −14.16% | ▼ −10.17% | $19.39 (−26.57%) |
Apr 3, 2026 29w ago | Press Release | $16.27 $17.99 | ▲ +10.54% | ▼ −2.93% | $19.39 (+19.14%) |
US Market Status
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