# First Bank (FRBA) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Financial Services / Banks. Price $18.35, market value $454 million.

## Valuation
- **P/E (trailing): 10.7×** (5-yr avg 9.8×, 3-yr avg 10.8×). First Bank trades at 10.7× trailing earnings, close to its own five-year average of 9.8×. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 10.2×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 2.43**. A PEG of 2.43 means the P/E is high relative to expected earnings growth; the price already assumes a lot.
- **Price / sales: 3.0×**. Each dollar of revenue is priced at 3.0×.
- **Price / book: 1.0×**. The shares trade at 1.0× book value; book value is a meaningful part of the valuation.
- **Free-cash-flow yield: 11.8%** (5-yr avg 20.4%). Free cash flow equals 11.8% of the market value, below its five-year average of 20.4%, so the shares are pricier on cash than usual. Above 5% is generally attractive.
- **Earnings yield: 9.3%**. The inverse of the P/E: 9.3% of the price is earned each year.

## Profitability
- **Net margin: 29.7%**. 29.7% of each dollar of sales reaches the bottom line.
- **Return on equity: 9.8%**. 9.8% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on assets: 1.1%**. Each dollar of assets produces 1.1% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 13.4%** (3-yr 14.7%/yr). Revenue grew 13.4% over the last year.
- **EPS growth (1 yr): 4.2%** (3-yr -1.8%/yr). Earnings per share rose 4.2%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 21.5%/yr**. Free cash flow has compounded at 21.5% a year over three years, keeping pace with earnings: the growth is real cash.

## Financial health
- **Piotroski F-score: 6/9**. 6 of 9 checks pass: mixed.
- **Cash and short-term investments: $302 million**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 1.80%** ($0.30 per share, trailing). First Bank yields 1.80%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 14%** (12% of free cash flow). 14% of earnings goes out as dividends, leaving room to keep raising it.
- **Consecutive years of increases: 9**. 9 straight years of increases.
- **Dividend growth (5 yr): 14.9%/yr** (1-yr 0.0%). The dividend has compounded at 14.9% a year over five years, doubling roughly every 5 years at that pace.

## Price and momentum
- **Total return (1 yr): 9.6%** (YTD 12.7%, 3-mo 14.8%). The shares are up 9.6% over twelve months including dividends.
- **From 52-week high: -5.1%** (27.3% above the low). Trading 5% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 55**. An RSI of 55 is neutral.
- **Beta (1 yr): 0.41** (volatility 25%). Beta of 0.41 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=FRBA · Page: https://foliofundamentals.com/stocks/frba

Not investment advice.