What is First Bank's gross profit margin?

What factors drove the changes in First Bank's revenue and profit?

What is the market's earnings forecast for First Bank next quarter?

Did First Bank beat or miss consensus estimates last quarter?

What is First Bank's latest dividend and current dividend yield?

What were the key takeaways from First Bank’s earnings call?

What were the key takeaways from First Bank's earnings call?

What is the revenue and EPS growth rate for First Bank year over year?

- **Profitability surge**: Net income +43% YoY, EPS +46%, driven by loan/deposit growth and margin expansion. 
- **Credit strength**: NPAs down 36% YoY, allowance coverage 2.93%. 
- **Share buybacks**: 120k shares repurchased at $14.91, with potential for more if stock near tangible book. 
- **Economic resilience**: 12% deposits tied to Fed rate, enabling quick cost adjustments.

**【Management Opening Remarks】**
- CEO Patrick Ryan highlighted Q3 net income growth of $11.7 million (43% YoY) and EPS of $0.47 (46% YoY increase). Net interest income rose $1.5 million Q/Q and $5 million YoY, driven by loan/deposit growth and 6 bps margin expansion. Credit quality improved with NPAs down $1.6 million and allowance coverage at 2.93%. Share buybacks totaled 120,000 shares at $14.91.

**【CEO Commentary】**
- Loan growth of $47 million (5.6% annualized) reflected strategic focus on C&I and owner-occupied CRE. Deposit growth of $55 million (7% annualized) included promotional campaigns. Subordinated debt expense added $486,000 Q/Q. Economic outlook remains uncertain, but the bank is well-positioned for rate changes.

**【CFO Financial Commentary】**
- Noninterest income declined $300k Q/Q due to lower swap fees, but expenses fell $1.2 million YoY through cost control. Efficiency ratio improved to 52%. Tax rate stabilized at 23.4%. Tangible book value grew $0.46 to $15.33. Q4 expenses may rise slightly due to new branches, but cost mitigation initiatives will limit impact.

**【Q&A Highlights】**
- On expenses: No major new costs expected; focus on maintaining expense base flat. Deposit cost management: 12% of deposits tied to Fed funds rate, allowing quick adjustments. Buybacks: Stock near tangible book makes repurchases attractive; capital ratio target is ~11.5%.

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