First Bank Q3 net income reaches $12.2M as deposits outpace growth plan
Regional lender First Bank (FRBA) reported Q3 2026 net income of $12.2M and EPS of $0.49, with deposits and loans both rising.
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what happened
First Bank (FRBA) reported net income of $12.2 million for the third quarter of 2026, or $0.49 per share, according to TradingView. Its net interest margin came in at 3.74%. Loans grew by $50 million and deposits rose by $43 million, a pace that exceeds the bank's growth plan for the full year.
The bank reduced wholesale borrowings and brokered deposits and bought higher-yielding securities with low risk. The company said the benefit from acquisition-accounting accretion will decline amid ongoing competition for deposits.
why it matters
For investors in regional banks, two signals stand out: deposit growth that is not reliant on expensive funding, and a gradual fade in income from acquisition accounting. Competition for deposits remains the main pressure on margins at smaller US banks.
market impact
US regional banks: deposit and profit growth supports the sector, but deposit competition pressures margins
tags
instruments
sources
- Key facts: First Bank (FRBA) Q3 net $12.2M; deposits up, trims borrowings — TradingView, 24 October 2026 at 07:00 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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