First Bank

NASDAQ FRBA

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First Bank Long-Term Debt to Equity Ratio 5 year CAGR for the quarter ending March 31, 2024: 36.86%

First Bank Long-Term Debt to Equity Ratio 5 year CAGR is 36.86% for the quarter ending March 31, 2024, a 952.24% change year over year. The long-term debt to equity ratio measures the proportion of a company's long-term debt to its shareholders' equity. It is calculated by dividing the long-term debt by the shareholders' equity. This ratio helps assess the company's long-term solvency and its reliance on debt financing. A higher ratio indicates a higher level of debt relative to equity, which can increase the company's financial risk and affect its ability to meet long-term obligations. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.
  • First Bank Long-Term Debt to Equity Ratio for the quarter ending March 31, 2023 was 0.86, a 124.38% change year over year.
  • First Bank Long-Term Debt to Equity Ratio for the quarter ending March 31, 2022 was 0.38, a -44.88% change year over year.
  • First Bank Long-Term Debt to Equity Ratio for the quarter ending March 31, 2021 was 0.70, a 26.62% change year over year.
  • First Bank Long-Term Debt to Equity Ratio for the quarter ending March 31, 2020 was 0.55, a 400.54% change year over year.
NASDAQ: FRBA

First Bank

CEO Mr. Patrick L. Ryan
IPO Date March 28, 2007
Location United States
Headquarters 2465 Kuser Road, Hamilton, NJ, United States, 08690
Employees 288
Sector Financial Services
Industry Banks - regional
Description

First Bank provides various banking products and services to small to mid-sized businesses and individuals. The company accepts various deposits, including non-interest-bearing demand deposits, interest bearing demand accounts, money market accounts, savings accounts, and certificates of deposit, as well as commercial checking accounts. It also offers various loan products comprising commercial and industrial loans, which include line of credit, inventory, equipment, and short-term working capital financing; commercial real estate loans, such as owner-occupied, investor, construction and development, and multi-family loans; residential real estate loans comprising residential mortgages, first and second lien home equity loans, and revolving lines of credit; and consumer and other loans consists of auto, personal, traditional installment, and other loans. The company also provides electronic banking services, including Internet and mobile banking, electronic bill payment, and banking by phone; ATM and debit cards, and wire and ACH transfer services; remote deposit capture; and cash management services, as well as engages in the capital markets activities. It operates full-service branches in Cinnaminson, Delanco, Denville, Ewing, Fairfield, Flemington, Hamilton, Lawrence, Monroe, Pennington, Randolph, Somerset, and Williamstown, New Jersey; Doylestown, Trevose, Warminster, and West Chester, Paoli, Malvern, Coventry, Devon, Lionville, and Glen Mills Pennsylvania; and Palm Beach, Florida. First Bank was incorporated in 2007 and is headquartered in Hamilton, New Jersey.

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StockViz Staff

September 20, 2024

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