The EPS beat and improved efficiency are positive, but the sharp rise in NPAs (to 0.97% of loans from 0.56%) warrants close monitoring. Watch the Q3 credit quality trends and whether criticized loans continue to climb (2.69% vs 2.52% QoQ). The share repurchase program (remaining capacity ~$14.9M through Sep 30) provides a floor, but asset quality deterioration could cap upside.
Price Chart
Executive Summary
First Bank (FRBA) reported Q2 2026 EPS of $0.43, beating the consensus estimate of $0.40 by 7.5%, while revenue (net interest income + non-interest income) of $36.95M was slightly below the $37.2M consensus. Net income rose 6.0% YoY to $10.9M, driven by lower credit loss expense and improved efficiency, though non-performing assets nearly doubled from year-end 2025 levels, signaling credit quality deterioration.
Key Financial Metrics
Key Facts
- Q2 2026 EPS of $0.43 beat consensus of $0.40 by 7.5%
- Net income of $10.9M, up 6.0% YoY from $10.2M
- Net interest margin stable at 3.68% vs 3.65% YoY
- Credit loss expense fell to $2.2M from $5.6M in Q1 2026
- Non-performing assets surged to $32.7M from $18.4M at Dec 2025, driven by two CRE credits totaling $16.5M
- Efficiency ratio improved to 54.52% from 57.55% in Q1 2026
- Total loans grew 2.3% YTD to $3.37B; deposits up 3.8% YTD to $3.32B
- Share repurchases of 325,388 shares at avg $15.45 in Q2
Financial Impact
EPS beat of $0.03 vs consensus; net income +$0.6M YoY; credit loss expense -$3.3M QoQ
Risk Factors
- Non-performing assets nearly doubled from Dec 2025, driven by two CRE credits
- Criticized loans increased to 2.69% of loans from 2.40% a year ago
- Net interest margin compressed 1bp QoQ to 3.68%
- Deposit competition and pricing pressure persist
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3332621 |
Track record builds as more directional reports settle.
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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