The strong EPS beat, margin expansion, and dividend increase signal accelerating earnings power. Watch the Q4 earnings call for credit quality trends, as nonperforming assets have risen for four consecutive quarters, and for updates on the new buyback program's execution.
Price Chart
Executive Summary
First Bank (FRBA) reported Q3 2026 EPS of $0.49, beating consensus of $0.44 by 11.4%, on net income of $12.2M. Net interest margin expanded to 3.74%, loans grew 5.9% annualized, and the board declared a 33% dividend increase to $0.12/share. Nonperforming assets rose to 0.88% of total assets from 0.80% in the prior quarter, partially offset by a post-quarter-end paydown.
Key Financial Metrics
Key Facts
- EPS $0.49 vs consensus $0.44 (11.4% beat)
- Net income $12.2M, up 12% linked quarter and 3.8% YoY
- Net interest margin 3.74%, up 6 bps linked quarter
- Loans grew $50.2M (5.9% annualized) to $3.42B
- Deposits grew $43.0M (5.1% annualized) to $3.37B
- Dividend increased 33% to $0.12/share
- New $24M share repurchase program authorized through Sep 2027
- Nonperforming assets rose to $35.7M (0.88% of assets) from $32.7M (0.80%)
- Efficiency ratio improved to 52.37% from 54.52% linked quarter
Financial Impact
EPS beat of 11.4% on $0.49 vs $0.44 consensus; net interest margin expansion of 6 bps; dividend increase of 33%
Risk Factors
- Nonperforming assets have risen to $35.7M (0.88% of assets) from $14.4M a year ago, indicating credit quality deterioration
- Net charge-offs increased to $1.9M from $1.6M linked quarter, primarily from the Business Express portfolio
- Allowance for credit losses coverage of nonperforming loans declined to 132% from 143% linked quarter
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3386943 |
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
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers