First Bank Q4 net income rises to $0.49 per share

Overview

• New Jersey bank's Q4 net income rose to $12.3 mln, with EPS at $0.49

• Net interest margin for Q4 increased to 3.74%

• Company declared a 50% increase in quarterly cash dividend

Outlook

• First Bank expects small business lending to stabilize throughout 2026

• Company anticipates continued strength in 2026 supported by investments in technology and talent

• First Bank declares a 50% increase in quarterly cash dividend for 2026

Result Drivers

• NET INTEREST MARGIN - Increased to 3.74% in Q4 2025 due to effective pricing and balance sheet management

• LOAN PAYOFFS - Elevated payoffs of $134.8 mln in Q4 2025 led to a decrease in loan balances

• NON-INTEREST INCOME - Boosted by $1.9 mln gain from OREO property and SBA loan sales

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy"

• Wall Street's median 12-month price target for FIRST BANK (Hamilton) is $19.50, about 15.4% above its January 23 closing price of $16.90

• The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nGNX94y7rN

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.