First Bank (NAS:FRBA)

Q2 2026 FIRST BANK (Hamilton) Earnings Call Transcript

Jul 24, 2026 / 01:00 PM GMT

Release Date Price: $17.98 (+2.80%)

Transcript

Key Points

Positve

First Bank (FRBA) achieved significant loan growth of $68 million in Q2, nearing their annual goal of $200 million.
Deposits increased by $96 million, surpassing the bank's deposit growth plan for the year.
The provision for credit losses decreased significantly, indicating improved asset quality.
Non-interest expenses were reduced to $20.1 million, showing effective cost management.
The bank maintained a strong capital position with a tangible common to tangible asset ratio of about 10%.

Negative

The net interest margin slightly declined by 1 basis point to 3.68%, indicating pressure on interest income.
Non-performing assets increased due to a commercial real estate loan moving to non-accrual status.
The competitive landscape for core deposits remains challenging, potentially impacting future deposit costs.
Non-interest income decreased compared to both the linked and prior year quarters, primarily due to lower earnings from investments.
The effective tax rate increased to over 25% in Q2, up from 22.7% in Q1, impacting net income.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FRBA.OQ - FIRST BANK (Hamilton)
Q2 2026 FIRST BANK (Hamilton) Earnings Call
Jul 24, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello, everyone.

Thank you for joining us and welcome to the First Bank Second Quarter 2026 earnings call. After today's prepared remarks, we will host a question-and-answer session. If you would like to ask a question, please press star 1 to raise your hand. To withdraw your question, press star 1 again.

I will now hand the conference over to Patrick Ryan, President and CEO. Patrick, please go ahead.

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Unidentified_2 [2]
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Thank you. I'd like to welcome everyone today to First Bank's second quarter 2026 earnings call.

I'm

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