First Bank (Nasdaq:FRBA) is a premier financial institution that offers a comprehensive suite of banking products and services to individuals, businesses, and governmental entities alike. The bank currently operates 3 branches throughout Pennsylvania and New Jersey, providing convenient access to its services for customers in the region. As of its most recent reporting period, First Bank had USD 2.5 billion in assets on its balance sheet, a testament to its financial strength and stability.
Comps: Southern States Bancshares, Inc. (Nasdaq:SSBK), Shore Bancshares, Inc. (Nasdaq:SHBI)
In comparison to similar banking organizations, First Bank shines with its excellent price to earnings ratio, profit margin, and net income. It also outperformed Southern States Bancshares in terms of revenue and yield, while its earnings per share and return on equity were higher than Shore Bancshares. These impressive fundamentals make First Bank a viable contender for investors looking for an opportunity.