First Bank

First Bank

FRBAยทNASDAQ

$15.34

-2.9%
Financial ServicesBanks - Regional

First Bank provides various banking products and services to individuals, businesses, and governmental entities. The company accepts various deposits, including non-interest bearing demand deposits, interest bearing demand accounts, money market accounts, savings accounts, and certificates of deposit, as well as commercial checking accounts. Its loan products include commercial and industrial loans; commercial real estate loans, such as owner-occupied, investor, construction and development, and multi-family loans; residential real estate loans comprising residential mortgages, first and second lien home equity loans, and revolving lines of credit; and consumer and other loans that include auto, personal, and traditional installment loans. The company also provides electronic banking services, including Internet and mobile banking, electronic bill payment, and banking by phone, as well as ATM and debit cards, and wire and ACH transfer services; remote deposit capture; and cash management services. As of December 31, 2021, it operated 18 full-service branches in Cinnaminson, Cranbury, Delanco, Denville, Ewing, Flemington, Hamilton, Hamilton, Lawrence, Mercerville, Pennington, Randolph, Somerset, and Williamstown counties in New Jersey, as well as Doylestown, Trevose, Warminster, and West Chester counties in Pennsylvania. First Bank was incorporated in 2007 and is headquartered in Hamilton, New Jersey.

At a Glance

Live Snapshot
Market Cap$385.56M
EPS1.7500
P/E Ratio8.77
Earnings Date07/28/2026
First Bank

First Bank Fair Value Envelope

FRBA ยท NASDAQ

Our analysis suggests that FRBA has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $15.34, this represents a potential HIDDEN relative to our calculated worth for First Bank.

Intrinsic Value
Current Price: $15.34

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$590.8B
+ Cash & Equivalents$302.2M
Firm Value$591.1B
- Debt$271.1M
Equity Value$590.9B
/ Shares Outstanding25,134,400B
DCF Value$23.5K
UNDERVALUED BY 153150%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$131.1M
$262.3M
$524.5M
$1.0B
$2.1B
$4.2B
$8.4B
$16.8B
$33.6B
$67.1B
Maintenance CapEx
-$1.2M
-$2.3M
-$4.6M
-$9.3M
-$18.6M
-$37.2M
-$74.3M
-$148.7M
-$297.4M
-$594.7M
Owner Earnings
$130.0M
$259.9M
$519.9M
$1.0B
$2.1B
$4.2B
$8.3B
$16.6B
$33.3B
$66.5B
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$120.3M
$222.9M
$412.7M
$764.2M
$1.4B
$2.6B
$4.9B
$9.0B
$16.6B
$30.8B
Terminal Value represents 88.7% of Enterprise Value