First Bank (FRBA) Financial Statements & Analysis

First Bank (FRBA) Income Statement

First Bank reported revenue of $147.20M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 13.4% from $129.85M a year earlier. Net income was $43.66M, up 3.3% year over year, a net margin of 29.7%. Gross margin was 92.6% and operating margin 38.9%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $34.72M, up 1.7% from the same quarter a year earlier.

First Bank Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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First Bank income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	147.20	129.85	95.86	94.62	89.64	95.55	88.17	76.19	53.31
Cost of Revenue	110.52	100.76	77.44	17.76	8.99	29.19	29.79	21.24	14.21
Gross Profit	136.26	128.68	95.86	94.62	89.88	66.37	58.38	54.95	39.10
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	48.89	44.11	37.26	29.54	27.46	26.71	24.25	21.11	14.99
Operating Expenses	78.96	73.53	68.70	46.73	43.15	40.39	39.36	33.31	24.68
Operating Income	57.30	55.15	27.16	47.89	46.72	25.98	19.01	21.64	14.42
Other Income/Expense
Interest Income	236.45	222.13	174.02	107.26	91.11	89.20	84.17	72.74	51.20
Interest Expense	98.63	99.58	69.50	14.89	9.22	19.65	25.80	17.79	11.54
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	57.30	55.15	27.16	47.89	46.72	25.98	19.01	21.64	14.42
Income Tax Expense	13.65	12.90	6.26	11.60	11.30	6.53	5.57	4.05	7.43
Net Income	43.66	42.24	20.90	36.29	35.43	19.45	13.45	17.59	6.99
Net Income - Continuous Operations	43.66	42.24	20.90	36.29	35.43	19.45	13.45	17.59	6.99
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	61.52	59.47	30.01	49.44	48.30	27.86	20.68	23.04	15.13
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	4.21	4.32	2.85	1.56	1.58	1.91	1.69	1.40	0.71
Earnings Per Share
Basic EPS	2.00	2.00	1.00	2.00	2.00	1.00	1.00	1.00	-
Diluted EPS	2.00	2.00	1.00	2.00	2.00	1.00	1.00	1.00	-
Basic Shares Outstanding	24.95	25.13	21.94	19.50	19.61	19.89	19.10	18.21	14.22
Diluted Shares Outstanding	25.10	25.28	22.07	19.72	19.82	20.01	19.39	18.57	14.58

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About First Bank Financial Statements

What was First Bank's revenue in fiscal 2025?

First Bank reported revenue of $147.20M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 13.4% from $129.85M a year earlier.

Is First Bank profitable?

Yes. First Bank earned net income of $43.66M in fiscal 2025, a net margin of 29.7%. In fiscal 2024 it earned $42.24M.

What is First Bank's operating margin?

First Bank's operating income was $57.30M on revenue of $147.20M in fiscal 2025, an operating margin of 38.9%, compared with 42.5% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition