Q4 2025 FIRST BANK (Hamilton) Earnings Call Transcript
Key Points
- First Bank (FRBA) reported a strong net interest margin of 3.74% in Q4 2025, up 20 basis points from the previous year.
- The return on average assets improved to 1.21% in Q4 2025, compared to 1.10% in Q4 2024.
- Return on tangible common equity increased to 12.58% in Q4 2025 from 11.82% in Q4 2024.
- Non-interest income saw a modest improvement, with total fee income increasing by almost $2 million compared to the prior year.
- The bank's efficiency ratio improved to 49.46%, remaining below 60% for the 26th consecutive quarter.
- The small business loan product underperformed, with delinquency and charge-offs exceeding acceptable levels.
- Total loans declined by about $81 million from the end of the third quarter due to elevated payoffs.
- Total deposit balances decreased by $221 million during the quarter, primarily driven by a decline in broker deposits.
- Non-performing assets to total assets increased to 46 basis points, reflecting growth in non-performing loans.
- The allowance for credit losses to total loans increased to 1.38% at December 31, 2025, from 1.25% at September 30, 2025.
Thank you for standing by. My name is Tina and I will be your conference operator today. At this time, I would like to welcome everyone to the first bank earnings conference call 4th 4th quarter.
All lines have been placed on mute to prevent any background noise after the speaker. Remarks, there will be a question-and-answer session. To ask a question, simply press star, followed by the number one on your telephone keypad. To withdraw your question, press one again. It is now my pleasure to turn the call over to Patrick Ryan, President and CEO. You may begin.
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Thank you. I'd like to welcome everyone today to First Bank's 4th quarter 2025 earnings call. I'm joined by Andrew Hibsman, our CFO, Darlene Gillespie, our chief retail banking Officer, and Peter Cahill, our Chief Lending Officer.
Before we begin, however, Andrew will read the Safe harbor statement.
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