First Bank Management

Management criteria checks 4/4

First Bank's CEO is Pat Ryan, appointed in Jan 2013, has a tenure of 16.25 years. total yearly compensation is $1.14M, comprised of 53.6% salary and 46.4% bonuses, including company stock and options. directly owns 1.35% of the company’s shares, worth $4.58M. The average tenure of the management team and the board of directors is 3.8 years and 8.4 years respectively.

Key information

Pat Ryan

Chief executive officer

US$1.1m

Total compensation

CEO salary percentage	53.6%
CEO tenure	12yrs
CEO ownership	1.4%
Management average tenure	3.8yrs
Board average tenure	8.4yrs

Recent management updates

Recent updates

Earnings Miss: First Bank Missed EPS By 5.3% And Analysts Are Revising Their Forecasts

Apr 30

First Bank (NASDAQ:FRBA) Is Due To Pay A Dividend Of $0.06

Jan 29

First Bank goes ex dividend tomorrow

Aug 10

First Bank GAAP EPS of $0.45 beats by $0.02, revenue of $24.37M beats by $0.64M

Jul 26

First Bank: Strong Earnings And Cheap Valuation, The Perfect Investment Combination

Aug 06

First Bank (NASDAQ:FRBA) Will Pay A Dividend Of US$0.03

Jul 30

First Bank EPS beats by $0.14, beats on revenue

Apr 26

I Ran A Stock Scan For Earnings Growth And First Bank (NASDAQ:FRBA) Passed With Ease

Mar 23

CEO Compensation Analysis

How has Pat Ryan's remuneration changed compared to First Bank's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$40m
Jun 30 2024	n/a	n/a	US$31m
Mar 31 2024	n/a	n/a	US$26m
Dec 31 2023	US$1m	US$610k	US$21m
Sep 30 2023	n/a	n/a	US$22m
Jun 30 2023	n/a	n/a	US$33m
Mar 31 2023	n/a	n/a	US$35m
Dec 31 2022	US$1m	US$560k	US$36m
Sep 30 2022	n/a	n/a	US$35m
Jun 30 2022	n/a	n/a	US$34m
Mar 31 2022	n/a	n/a	US$34m
Dec 31 2021	US$1m	US$513k	US$35m
Sep 30 2021	n/a	n/a	US$34m
Jun 30 2021	n/a	n/a	US$31m
Mar 31 2021	n/a	n/a	US$26m
Dec 31 2020	US$884k	US$478k	US$19m
Sep 30 2020	n/a	n/a	US$18m
Jun 30 2020	n/a	n/a	US$14m
Mar 31 2020	n/a	n/a	US$12m
Dec 31 2019	US$799k	US$455k	US$13m
Sep 30 2019	n/a	n/a	US$12m
Jun 30 2019	n/a	n/a	US$17m
Mar 31 2019	n/a	n/a	US$18m
Dec 31 2018	US$827k	US$430k	US$18m

Compensation vs Market: Pat's total compensation ($USD1.14M) is below average for companies of similar size in the US market ($USD2.26M).

Compensation vs Earnings: Pat's compensation has been consistent with company performance over the past year.

CEO

Pat Ryan (48 yo)

12yrs

Tenure

US$1,137,325

Compensation

Mr. Patrick L. Ryan has been the Chief Executive Officer and President of First Bank since January 1, 2013 and has been its Director since 2008. Mr. Ryan served as Member of Community Depository Institutio...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Patrick Ryan	President	12yrs	US$1.14m	1.35% $ 4.6m
Andrew Hibshman	Executive VP	3.5yrs	US$454.35k	0.086% $ 292.0k
John Shepardson	Executive VP & COO	4yrs	US$433.81k	0.061% $ 206.8k
Peter Cahill	Executive VP & Chief Lending Officer	16.2yrs	US$471.19k	0.34% $ 1.1m
Parwinder Virk	First Senior VP & Chief Accounting Officer	3.4yrs	no data	no data
Ernest Springer	VP & Compliance Officer	1.1yrs	no data	no data
Michael Smith	First Senior VP and Director of Small Business & Corporate Development	2.4yrs	no data	no data
Kimberly Cerasi	First Senior VP & Director of Human Resources	no data	no data	no data
Stephen Carman	First Senior VP & Senior Accounting Officer	3.4yrs	US$331.65k	no data
Scott Civil	Senior VP & Market Executive	9yrs	no data	no data
David DiStefano	First Senior VP & Northern New Jersey Regional President	9yrs	no data	no data
Marianne DeSimone	First Senior VP & Lending Group Manager	no data	no data	no data

3.8yrs

Average Tenure

49yo

Average Age

Experienced Management: FRBA's management team is considered experienced (3.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Patrick Ryan	President	16.3yrs	US$1.14m	1.35% $ 4.6m
Zaid Alsikafi	Director	less than a year	no data	0.00027% $ 912.5
Leslie Goodman	Vice Chairman & Lead Independent Director	17yrs	US$90.00k	0.85% $ 2.9m
Patrick Ryan	Chairman of the Board	14yrs	US$155.00k	1.38% $ 4.7m
Neha Shah	Director	less than a year	no data	0.015% $ 50.4k
Douglas Borden	Independent Director	7.8yrs	US$62.50k	0.24% $ 821.8k
Michael Salz	Independent Director	7.8yrs	US$60.00k	0.23% $ 788.0k
Scott Gamble	Independent Director	5yrs	US$55.00k	no data
Glenn Josephs	Independent Director	16.3yrs	US$65.00k	0.33% $ 1.1m
John Strydesky	Independent Director	15yrs	US$60.00k	1.33% $ 4.5m
Andrew Fish	Director	1.5yrs	US$41.25k	0.077% $ 260.9k
Deborah Imperatore	Independent Director	9yrs	US$62.50k	0.19% $ 630.3k

8.4yrs

Average Tenure

63yo

Average Age

Experienced Board: FRBA's board of directors are considered experienced (8.4 years average tenure).

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/10 00:58
End of Day Share Price	2025/01/10 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

First Bank is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Bryce Rowe	Baird
Erik Zwick	Boenning & Scattergood, Inc.
null null	D.A. Davidson & Co.

First Bank Management

Management criteria checks 4/4

Key information

Recent management updates

President recently bought US$90k worth of stock

First Bank, Annual General Meeting, Apr 24, 2024

Executive VP & Chief Lending Officer exercised options to buy US$52k worth of stock.

Director recently sold US$98k worth of stock

Director recently sold US$117k worth of stock

President recently bought US$91k worth of stock

Recent updates

First Bank to Report Q4, 2024 Results on Jan 23, 2025

First Bank (NASDAQ:FRBA) Is Paying Out A Dividend Of $0.06

First Bank Announces Third Quarter Dividend Payable on November 22, 2024

First Bank (NasdaqGM:FRBA) announces an Equity Buyback for 1,000,000 shares, for $16 million.

First Bank to Report Q3, 2024 Results on Oct 23, 2024

First Bank Declares a Quarterly Cash Dividend, Payable on August 23, 2024

First Bank to Report Q2, 2024 Results on Jul 24, 2024

First Bank (NASDAQ:FRBA) Will Pay A Dividend Of $0.06

President recently bought US$90k worth of stock

First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

First Bank Declares A Quarterly Cash Dividend, Payable on May 24, 2024

New minor risk - Insider selling

First Bank, Annual General Meeting, Apr 24, 2024

Executive VP & Chief Lending Officer exercised options to buy US$52k worth of stock.

Director recently sold US$98k worth of stock

Director recently sold US$117k worth of stock

Upcoming dividend of US$0.06 per share at 1.7% yield

First Bank's (NASDAQ:FRBA) Dividend Will Be $0.06

Fourth quarter dividend of US$0.06 announced

First Bank Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2023

President recently bought US$91k worth of stock

New minor risk - Earnings quality

Upcoming dividend of US$0.06 per share at 2.0% yield

First Bank's (NASDAQ:FRBA) Dividend Will Be $0.06

Consensus EPS estimates fall by 14%

First Bank Declares Quarterly Cash Dividend, Payable on November 24, 2023

First Bank to Report Q3, 2023 Results on Oct 25, 2023

New minor risk - Shareholder dilution

Upcoming dividend of US$0.06 per share at 1.9% yield

First Bank (NASDAQ:FRBA) Will Pay A Dividend Of $0.06

Second quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

Consensus EPS estimates increase by 17%

First Bank Announces Net Charge-Offs for the Second Quarter Ended June 30, 2023

First Bank to Report Q2, 2023 Results on Jul 26, 2023

Independent Director recently bought US$90k worth of stock

First Bank (NASDAQ:FRBA) Is Paying Out A Dividend Of $0.06

Upcoming dividend of US$0.06 per share at 2.6% yield

Earnings Miss: First Bank Missed EPS By 5.3% And Analysts Are Revising Their Forecasts

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Price target decreased by 15% to US$15.00

Investor sentiment deteriorates as stock falls 18%

Upcoming dividend of US$0.06 per share at 1.7% yield

Consensus EPS estimates fall by 14%

First Bank (NASDAQ:FRBA) Is Due To Pay A Dividend Of $0.06

First Bank Declares Quarterly Cash Dividend, Payable on February 24, 2023

Full year 2022 earnings: EPS and revenues miss analyst expectations

First Bank to Report Q4, 2022 Results on Jan 25, 2023

First Bank (NasdaqGM:FRBA) entered into a definitive merger agreement to acquire Malvern Bancorp, Inc. (NasdaqGM:MLVF) for approximately $150 million.

Insufficient new directors

Upcoming dividend of US$0.06 per share

First Bank Declares Quarterly Cash Dividend, Payable on November 25, 2022

First Bank to Report Q3, 2022 Results on Oct 25, 2022

Independent Director exercised options to buy US$82k worth of stock.

First Bank goes ex dividend tomorrow

Upcoming dividend of US$0.06 per share

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

First Bank Announces Net Charge-Offs for the Second Quarter Ended June 30, 2022

First Bank GAAP EPS of $0.45 beats by $0.02, revenue of $24.37M beats by $0.64M

Key Executive exercised options to buy US$72k worth of stock.

First Bank to Report Q2, 2022 Results on Jul 26, 2022

Upcoming dividend of US$0.06 per share

First quarter 2022 earnings: EPS in line with expectations, revenues disappoint

First Bank Reports Net Charge-Offs for the First Quarter Ended March 31, 2022

First Bank to Report Q1, 2022 Results on Apr 25, 2022

Upcoming dividend of US$0.06 per share

Price target increased to US$18.38

First Bank Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2021

Third quarter 2021 earnings released: EPS US$0.46 (vs US$0.30 in 3Q 2020)

First Bank: Strong Earnings And Cheap Valuation, The Perfect Investment Combination