Last $5.94 USD
Change Today -0.02 / -0.34%
Volume 30.9K
FRBA On Other Exchanges
Symbol
Exchange
NASDAQ GM
As of 3:59 PM 12/17/14 All times are local (Market data is delayed by at least 15 minutes).

first bank/hamilton nj (FRBA) Snapshot

Open
$6.00
Previous Close
$5.96
Day High
$6.04
Day Low
$5.89
52 Week High
03/24/14 - $6.96
52 Week Low
10/27/14 - $5.85
Market Cap
50.6M
Average Volume 10 Days
6.5K
EPS TTM
$0.50
Shares Outstanding
8.5M
EX-Date
--
P/E TM
11.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for FIRST BANK/HAMILTON NJ (FRBA)

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first bank/hamilton nj (FRBA) Details

First Bank provides various banking products and services to individuals, businesses, and governmental entities in New Jersey, the United States. The company offers commercial and industrial loans; commercial real estate loans, including construction and land development, and multi-family loans; residential real estate loans, such as residential mortgages, first lien home equity loans, second lien home equity loans, and home equity revolving lines of credit; and consumer loans consisting of auto loans, personal loans, traditional installment loans, and other loans. It also provides non-interest bearing demand deposits, interest bearing demand accounts, money market accounts, savings accounts, and certificates of deposit, as well as commercial checking accounts. In addition, the company offers electronic banking services, including Internet banking, electronic bill payment, and phone banking; and ATM cards, wire transfers, and automatic and ACH transfers. Further, the company is engaged in investment activities. It operates through eight full-service branches. First Bank was founded in 2006 and is headquartered in Hamilton, New Jersey.

89 Employees
Last Reported Date: 10/28/14
Founded in 2006

first bank/hamilton nj (FRBA) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $271.0K
Chief Financial Officer, Principal Financial ...
Total Annual Compensation: $180.0K
Vice Chairman, Executive Vice President, Nort...
Total Annual Compensation: $188.5K
Chief Lending Officer and Executive Vice Pres...
Total Annual Compensation: $195.0K
Compensation as of Fiscal Year 2013.

first bank/hamilton nj (FRBA) Key Developments

First Bank Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Net Charge Offs for the Third Quarter of 2014

First Bank reported consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company's net income for the quarter was $1.1 million or $0.12 per diluted share, compared to net income of $0.492 million or $0.10 per diluted share for the third quarter of 2013 and $0.923 million or $0.10 per diluted share for the second quarter of 2014. Total interest and dividend income was $6.543 million against $4.341 million a year ago. Net interest income was $5.501 million against $3.471 million a year ago. Net interest income after provision for loan losses was $4.524 million against $3.175 million a year ago. Income before income taxes was $1.490 million against $0.835 million a year ago. Return on average assets was 0.69% against 0.49% a year ago. Return on average equity was 6.77% against 6.21% a year ago. For the nine months, the company's net income was $5.3 million compared to $1.4 million for the same period in 2013, an increase of $3.9 million or 275.8%. For the year over year comparison the increase in net income was due primarily to the bargain purchase gain from the Heritage Community Bank acquisition, reflected in increases in net interest income and non-interest income, partially offset by higher non-interest expense and a higher provision for loan losses. Book value per share was $6.79 at September 30, 2014 compared to $6.73 per share at September 30, 2013. Tangible book value per share was $6.75 at September 30, 2014, compared to $6.73 per share at September 30, 2013. Net interest income was $15.1 million, an increase of $5.5 million or 57.7% compared to $9.6 million for the same period in 2013. Total interest and dividend income was $18.097 million against $12.084 million a year ago. Net interest income after provision for loan losses was $13.647 million against $8.789 million a year ago. Income before income taxes was $6.328 million against $2.280 million a year ago. Diluted earnings per share was $0.57 against $0.30 a year ago. For the third quarter of 2014, the company reported net charge offs of $0.490 million against $0.104 million a year ago.

First Bank Presents at FIG Partners 10th Annual Bank CEO Forum, Sep-15-2014

First Bank Presents at FIG Partners 10th Annual Bank CEO Forum, Sep-15-2014 . Venue: Four Seasons, Atlanta, Georgia, United States.

First Bank Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

First Bank announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income was $923,000 or $0.10 per diluted share, compared to net income of $525,000 or $0.11 per diluted share a year ago. Net interest income totaled $5,415,000 compared to $3,153,000 for the same period a year ago. Net interest income after provision for loan losses was $5,079,000 compared to $2,973,000 for the same period a year ago. Income before income taxes was $1,276,000 compared to $834,000 for the same period a year ago. For the full year, the company reported net income was $4,161,000 or $0.45 per diluted share, compared to net income of $905,000 or $0.19 per diluted share a year ago. Net interest income totaled $9,637,000 compared to $6,128,000 for the same period a year ago. Net interest income after provision for loan losses was $9,123,000 compared to $5,614,000 for the same period a year ago. Income before income taxes was $4,838,000 compared to $1,445,000 for the same period a year ago. Book value per share was $6.68 at June 30, 2014 compared to $6.54 per share at March 31, 2014 and $6.61 per share at June 30, 2013. Tangible book value per share was $6.64 at June 30, 2014, compared to $6.50 per share at March 31, 2014 and $6.61 per share at June 30, 2013.

 

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