Benzinga | Jul 27, 2020 05:17PM EDT

First Bank: Q2 Earnings Insights

Shares of First Bank (NASDAQ:FRBA) moved higher by 5.07% after the company reported Q2 results.

Quarterly Results

Earnings per share increased 40.00% year over year to $0.21, which beat the estimate of $0.15.

Revenue of $18,208,000 higher by 20.68% year over year, which beat the estimate of $15,830,000.

Looking Ahead

First Bank hasn't issued any earnings guidance for the time being.

First Bank hasn't issued any revenue guidance for the time being.

Technicals

Company's 52-week high was at $11.80

52-week low: $6.00

Price action over last quarter: down 0.30%

Company Description

First Bank is a full-service commercial bank, with an emphasis on providing personal and business financial services to individuals and small to mid-sized businesses in Gloucester, Atlantic and Camden Counties in New Jersey. The Bank provides its customers with a variety of financial services targeting all segments of the retail and corporate market. It's Business Banking offers commercial deposits accounts, business loans, online banking, cash management.