First Bank Q3 Adj EPS $0.42 Beats $0.26 Estimate, Sales $28.79M Beat $28.07M Estimate
Portfolio Pulse from mahesh@benzinga.com
First Bank (NASDAQ:FRBA) reported Q3 earnings of $0.42 per share, beating the analyst consensus estimate of $0.26 by 61.54%. However, this is a 19.23% decrease from the same period last year. The company also reported quarterly sales of $28.79 million, beating the estimate of $28.07 million by 2.55%, and marking a 12.86% increase from last year.
October 25, 2023 | 9:01 pm
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First Bank's Q3 earnings and sales beat estimates, but earnings are down from last year. Sales have increased compared to last year.
First Bank's earnings beat estimates, which is positive. However, the decrease in earnings compared to last year might concern investors. The increase in sales compared to last year is a positive sign. Overall, the impact on the stock is neutral in the short term.
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RELEVANCE 100