First Bank Q1 2024 Adj EPS $0.49 Beats $0.42 Estimate, Sales $32.282M Beat $31.412M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Bank (NASDAQ:FRBA) reported Q1 2024 adjusted EPS of $0.49, surpassing the $0.42 estimate, and sales of $32.282M, exceeding the $31.412M forecast. This represents a 28.95% increase in earnings and a 35.87% increase in sales from the same period last year.
April 22, 2024 | 9:00 pm
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First Bank reported a strong Q1 2024 with earnings and sales surpassing estimates, indicating robust financial health and growth.
The positive earnings and sales beat by First Bank (FRBA) for Q1 2024 suggests a strong financial performance and operational efficiency, likely leading to increased investor confidence and a potential uptick in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100