Brief: FIRST BANK Hamilton Q2 EPS USD 0.41

FIRST BANK (Hamilton)

22/07/2025 21:37

Overview

First Bank Q2 net income falls to $10.2 mln from $11.1 mln yr ago

EPS for Q2 decreases to $0.41 from $0.44 yr ago

Total loans and deposits grow, maintaining stable Q2 net interest margin vs Q1

Outlook

First Bank expects pace of loan growth to moderate in H2 2025

Company anticipates stable future effective tax rate

First Bank expect to benefit from reduced debt costs

Company focuses on scaling business for top quartile profitability relative to its peers

Result Drivers

LOAN GROWTH - Strong organic growth in commercial and industrial (C&I) and owner-occupied commercial real estate portfolios drove loan increases

DEPOSIT GROWTH - Success in attracting new deposit relationships amid industry-wide pricing competition

ASSET QUALITY - Nonperforming assets decreased, reflecting strong asset quality and strategic asset sales

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.41
Q2 Net Income
$10.24 mln
Q2 Net Interest Income
$34.01 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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 $18.00, about 13.7% above its July 21 closing price of $15.53

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

Press Release: ID:nGNXb82d1d

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)