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

Intrinsic Alpha Methodology

Thesis Lenses

Signal ยท Driver ยท Risk

Signal

High confidence

Valuation multiple is compressed (P/E 8.8).

Valuation inputs: P/E 8.8, earnings yield +11.4%, momentum -2.9%.

If multiples stay elevated while momentum fades, downside repricing risk rises.

Driver

High confidence

Return profile is soft (ROE +9.8%, ROIC +5.8%).

Profitability stack: net margin +17.7%, ROE +9.8%, ROIC +5.8%.

Quality deterioration often appears in margins before it shows up in headline EPS.

Risk

High confidence

Risk profile is balanced but has notable pressure points to monitor.

Risk factors: liabilities/assets +88.8%, momentum -2.9%, net margin +17.7%.

Higher leverage with weak momentum and thin margins can amplify drawdown severity.

frba

First Bank Market vs Earnings Trajectory

FRBA ยท NASDAQ

Loading price and EPS data...

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
3Y-6.0%
5Y+79.0%
10Y+187.0%
3Y+120.0%
5Y+158.0%
10Y+518.0%
3Y+20.0%
5Y+124.0%
10Y+582.0%
3Y+78.0%
5Y+168.0%
10Y+616.0%
3Y+79.0%
5Y+159.0%
10Y+620.0%
3Y+45.0%
5Y+69.0%
10Y+269.0%
First Bank

First Bank Profit Bridge

FRBA ยท NASDAQ
Revenue246.78M
Cost of Goods Sold (110.52M)
Gross Profit136.26M
Operating Expenses (78.95M)
Operating Income57.30M
Interest Expense (98.63M)
Other Income/Expense0.00
Pretax Income57.30M
Income Tax (13.64M)
Net Income43.66M
Net Income
43.66M

Profitability Analysis

Gross Margin

55.2%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

23.2%

Healthy operating margins demonstrate effective cost control and strong business fundamentals.

Net Profit Margin

17.7%

Strong net margins indicate efficient operations and favorable tax/interest management.

Effective Tax Rate

23.8%

Moderate tax rate typical for most corporations. Represents standard tax burden on profits.

Profitability Insight

Exceptional profitability across all levels: Strong pricing power, efficient operations, and healthy bottom line indicate a high-quality business with sustainable competitive advantages.

55.22%
Gross Profit Margin
-2%
3Y-34.0%
5Y-21.0%
10Y-21.0%
23.22%
Operating Profit Margin
-3%
3Y-46.0%
5Y-15.0%
10Y-2.0%
17.69%
Net Profit Margin
-4%
3Y-45.0%
5Y-13.0%
10Y+10.0%
9.84%
Return on Equity
-5%
3Y-21.0%
5Y+21.0%
10Y+36.0%
1.10%
Return on Assets
-1%
3Y-17.0%
5Y+33.0%
10Y+85.0%
5.81%
Return on Invested Capital
-1%
3Y-30.0%
5Y+32.0%
10Y+61.0%
FRBA

First Bank Cash Conversion Engine

FRBA ยท NASDAQ
Net Income43.66M
Depreciation & Amortization0.00
Stock-Based Compensation0.00
Change in Working Capital15.11M
Others6.80M
Capital Expenditures-2.90M
Free Cash Flow62.66M

Cash Flow Quality Analysis

FCF Conversion Rate

143.5%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

4.4%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+153.5%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

+$15.11M

Working capital inflow boosted cash flow. Efficient management of receivables, inventory, and payables contributing positively.

Cash Flow Quality Insight

Exceptional cash generation: High-quality earnings converting to growing free cash flow. The company demonstrates strong pricing power, efficient operations, and disciplined capital allocation.

frba

First Bank Funding & Solvency Profile

FRBA ยท NASDAQ
Cash & Cash Equivalents38.78M
Net Receivables14.89M
Inventory0.00
Other Current Assets0.00
Total Current Assets54 M
Property, Plant & Equipment18.04M
Goodwill & Intangible Assets50.91M
Long-Term Investments3.71B
Other Non-Current Assets116.03M
Total Non-Current Assets4 B
Total Assets
3.97B

Financial Health Analysis

Debt-to-Equity Ratio

0.00x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

54 M

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

1% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

frba

First Bank Street Expectations Map

FRBA ยท NASDAQ

Wall Street analysts project that FRBA stock may rise significantly over the coming 12 months. The consensus 1-year price target stands at 17.00, with estimates ranging from a low of 17.00 to a high of 17.00.

Lowest Target
17.00
10.82%
Consensus Target
17.00
10.82%
Highest Target
17.00
10.82%

The consensus 1-year price target stands at 17.00, with estimates ranging from a low of 17.00 to a high of 17.00.

Analyst Consensus Analysis

Upside Potential

+10.8%

Moderate upside. Analysts expect positive returns but with limited margin of safety. Consider entry timing.

Analyst Agreement

0.0% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

High

Positive outlook with reasonable agreement. Analysts generally optimistic about prospects with manageable uncertainty.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

frba

First Bank Insider Positioning

FRBA ยท NASDAQ

During the last 12 months, there has been no insider trading activity reported for FRBA.

3 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

9-12 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

Top Buyers

No buying activity

Top Sellers

No selling activity

Insider Activity Analysis

Net Insider Sentiment

Neutral

No insider trading activity reported. This could indicate blackout periods, lack of conviction, or regulatory restrictions.

Insider Participation

No Activity

No insider trading activity reported from any insiders in the past year.

0.56%
Dividend Yield
55%
3Y-5.0%
5Y+129.0%
10Y-
ย 

frba Dividend History

FRBA
10Y CAGR +16%
Latest $0.09
Annual $0.36
5 year growth trend
Last Period: +0%