Last $6.47 USD
Change Today +0.05 / 0.78%
Volume 631.0
FRBA On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

first bank/hamilton nj (FRBA) Snapshot

Open
$6.73
Previous Close
$6.42
Day High
$6.73
Day Low
$6.45
52 Week High
07/17/13 - $7.00
52 Week Low
05/30/13 - $5.10
Market Cap
55.1M
Average Volume 10 Days
5.6K
EPS TTM
--
Shares Outstanding
8.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for FIRST BANK/HAMILTON NJ (FRBA)

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first bank/hamilton nj (FRBA) Details

First Bank operates as a bank in New Jersey, the United States. The company offers personal banking services, such as checking and savings deposit accounts; consumer loans, such as home equity loans, home equity lines of credit, home equity hybrid lines of credit, residential mortgage loans, auto loans, and personal loans. It also provides business banking services, including commercial deposit accounts, checking accounts, and savings and money market accounts; and business loans, such as lines of credit, term loans, commercial mortgages, letters of credit, merchant services, and construction financing. In addition, the company offers debit cards, bill payment services, remote deposit capture, and cash management services, as well as online and telephone banking services. First Bank was founded in 2007 and is headquartered in Hamilton, New Jersey. It has branch locations in Lawrence, Ewing, Williamstown, Hamilton, and Somerset, New Jersey.

59 Employees
Last Reported Date: 02/24/14
Founded in 2007

first bank/hamilton nj (FRBA) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $215.0K
Chief Financial Officer, Principal Financial ...
Total Annual Compensation: $157.5K
Chief Lending Officer and First Senior Vice P...
Total Annual Compensation: $182.5K
Compensation as of Fiscal Year 2012.

first bank/hamilton nj (FRBA) Key Developments

First Bank Appoints Ryan K. Manville as Chief Operating Officer

First Bank announced the hiring of Ryan K. Manville as the new Chief Operating Officer. The Chief Operating Officer position had been open since Patrick L. Ryan was promoted to President and CEO on January 1, 2013. Mr. Manville, age 41, comes to First Bank from American Express where he spent ten years working in various departments including Strategic Analysis and Testing, Global Merchant Services, and Global Advertising and Brand Management.

First Bank Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

First Bank announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported net income was $311,000 or $0.05 per diluted share, compared to net income of $1,000,000 or $0.21 per diluted share for the fourth quarter of 2012 and $492,000 or $0.10 per diluted share for the third quarter of 2013. Net interest income totaled $3.6 million compared to $2.96 million for the same period a year ago. Interest and dividend income investment securities – taxable was $303,000 compared to $212,000 for the same period a year ago. Pre-tax income for the fourth quarter of 2013 totaled $507,000 compared to $668,000 for the same period a year ago. Net interest income after provision for loan losses was $2,875,000 compared to $2,541,000 for the same period a year ago. For the full year, the company reported net income totaled $1.7 million or $0.33 per diluted share compared to net income of $2.6 million or $0.63 per diluted share for the prior year. The decrease in net income reflects the depletion of certain tax benefits during 2012 as company’s 2013 results were fully taxable. Book value per share was $6.16 at December 31, 2013 compared to $6.73 per share at September 30, 2013 and $6.62 per share at December 31, 2012. Net interest income totaled $13.2 million an increase of $2.3 million or 20.8% compared to the full year 2012. Strong loan growth led net interest income higher during all periods. Interest and dividend income investment securities – taxable was $969,000 compared to $674,000 for the same period a year ago. Net interest income after provision for loan losses was $11,664,000 compared to $9,566,000 for the same period a year ago. Income before income taxes was $2,787,000 compared to $2,258,000 for the same period a year ago.

First Bank Receives Approval from State of New Jersey Department of Banking and Insurance and the Federal Deposit Insurance Corporation for the Proposed Merger with Heritage Community Bank

First Bank announced that it has received approval from the State of New Jersey Department of Banking and Insurance and the Federal Deposit Insurance Corporation for the proposed merger with Heritage Community Bank. The merger is subject to a number of conditions including the approval by the company and the Heritage Community Bank shareholders. Both companies plan to schedule shareholder meetings during February, 2014. The closing of the transaction is anticipated to take place during the first quarter of 2014.

 

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Industry Average

Valuation FRBA Industry Range
Price/Earnings 18.2x
Price/Sales 3.2x
Price/Book 1.0x
Price/Cash Flow -- Not Meaningful
TEV/Sales -- Not Meaningful
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