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 ofloan 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 industrialC&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/Mis Actual Consensu

s s

Estimate

Q2 EPS $0.41

Q2 Net $10.24

Income mln

Q2 Net $34.01

Interest mln

Income

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) ( FRBA ) 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:

(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.)