First Bank (FRBA) Q4 Earnings and Revenues Miss Estimates

First Bank (FRBA) came out with quarterly earnings of $0.48 per share, missing the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.42 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -11.11%. A quarter ago, it was expected that this company would post earnings of $0.51 per share when it actually produced earnings of $0.52, delivering a surprise of 1.96%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

First Bank, which belongs to the Zacks Banks - Northeast industry, posted revenues of $25.2 million for the quarter ended December 2022, missing the Zacks Consensus Estimate by 4.56%. This compares to year-ago revenues of $22.85 million. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.