First Bank Q4 net income rises to $0.49 per share

FIRST BANK (Hamilton)

26/01/2026 21:56

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

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
$0.49
Q4 Net Income
$12.32 mln
Q4 Net Interest Income
$36.18 mln


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

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(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.)