First Financial Q1 net income rises 8%, loans jump 15% after CedarStone deal

First Financial

28/04/2026 14:39

Overview

US regional bank's Q1 net income and EPS rose yr/yr

Company completed CedarStone Financial acquisition, boosting loans and deposits

Q1 net interest income hit record, net interest margin improved to 4.23%

Outlook

Company did not provide specific guidance or forecasts for the current or future periods

Result Drivers

ACQUISITION IMPACT - CedarStone Financial acquisition added $292 mln in loans, $313 mln in deposits, and generated a $716,000 bargain purchase gain

ORGANIC LOAN GROWTH - Co said organic loan growth was driven by increases in commercial construction, commercial real estate, and consumer auto loans

RECORD NET INTEREST INCOME - Net interest income rose 9.5% yr/yr, supported by higher interest income and a slight decrease in interest expense

Company press release: ID:nGNXrvGQ8

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$1.67
Q1 Net Income
$19.8 mln
Q1 Net Interest Income
$56.93 mln
Q1 Credit Loss Provision
$2.55 mln
Q1 Net Interest Margin
4.23%


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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.)