Recap: First Bank Q4 Earnings
Portfolio Pulse from Benzinga Insights
First Bank (NASDAQ:FRBA) reported Q4 earnings with an EPS of $0.49, beating estimates by 25.64% against the expected $0.39. Revenue increased by $2.80 million compared to the same period last year. The previous quarter's earnings beat resulted in a 3.89% share price increase the following day. Historical earnings performance shows variability in beating EPS estimates.
January 24, 2024 | 9:50 pm
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First Bank reported a strong Q4 with earnings and revenue surpassing estimates, which could lead to a positive short term impact on its stock price.
Historically, First Bank's stock price has reacted positively to earnings beats, as seen with the 3.89% increase after last quarter's results. The significant beat on EPS estimates and increased revenue suggests a similar positive reaction could occur in the short term.
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