Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $7.05 USD
Change Today 0.00 / 0.00%
Volume 0.0
FRSB On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 03/23/15 All times are local (Market data is delayed by at least 15 minutes).

first resource bank (FRSB) Key Developments

First Resource Bank Announces Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

First Resource Bank announced unaudited earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company's total interest income was $2.0 million compared with $1.8 million a year ago. Net interest income was $1.6 million compared with $1.4 million a year ago. Income before income tax expense was $0.38 million compared with $0.43 million a year ago. Net income was $0.26 million compared with $0.29 million a year ago. Net income available to common shareholders was $0.24 million or $0.15 per basic and diluted share compared with $0.28 million or $0.17 per basic and diluted share a year ago. For the year, the company's total interest income was $7.5 million compared with $6.9 million a year ago. Net interest income was $6.2 million compared with $5.5 million a year ago. This improvement was attributed to strong loan growth, steady loan yields and low levels of excess cash. Income before income tax expense was $1.6 million compared with $1.5 million a year ago. Net income was $1.1 million compared with $1.06 million a year ago. Net income available to common shareholders was $1.1 million compared with $1.0 million a year ago.

First Resource Bank Promotes of Lisa Donnon to Chief Lending Officer and Executive Vice President

First Resource Bank announced the promotion of Lisa Donnon to Chief Lending Officer and Executive Vice President. Ms. Donnon has been working for First Resource Bank for 8 years and brings over 25 years in banking and financial services to her new role with the Bank. Ms. Donnon will manage all loan origination and servicing activities.

First Resource Bank Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

First Resource Bank reported unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total interest income of $1,884,326 compared to $1,754,410 a year ago. Net interest income was $1,541,575 compared to $1,392,110 a year ago. Pre-tax income was $366,805 compared to $385,057 a year ago. Net income available to common shareholders was $240,620 compared to $250,659 a year ago. Earnings per share basic and diluted were $0.15 compared to $0.16 a year ago. For the nine months period, the company reported total interest income of $5,535,236 compared to $5,142,593 a year ago. Net interest income was $4,505,644 compared to $4,083,699 a year ago. Pre-tax income was $1,235,298 compared to $1,116,074 a year ago. Net income available to common shareholders was $811,564 compared to $726,356 a year ago.

First Resource Bank Announces Relocation of its Exton Branch

First Resource Bank announced the relocation of its Exton Branch. At 3,500 square feet, this branch is more than triple the size of the previous Exton branch. The building includes two drive-up teller windows, a drive-up ATM and a drive-up night drop box. Located at 800 N. Pottstown Pike, and close in proximity to the previous branch, the new location provides greater accessibility from Rt. 100 and is conveniently located next to the Exton Super Wawa. The opening of the new First Resource Bank Exton branch coincides with the Bank beginning the site work on a new branch in West Chester, with an expected opening of February 2015. The expansion represents positive progress in the implementation of First Resource Bank's strategic plan for growth in the Chester County area.

First Resource Bank Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

First Resource Bank reported unaudited earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income of $300,610 or $0.18 per basic and diluted share as compared to $295,749 for the quarter ended March 31, 2014 and net income of $261,407 or $0.16 per basic and diluted share for the quarter ended June 30, 2013. After accounting for preferred stock dividends, net income available to common shareholders for the quarter ended June 30, 2014 was $287,903. This compares to net income available to common shareholders of $283,041 for the quarter ended March 31, 2014 and $248,700 for the quarter ended June 30, 2013. Total interest income was $1,844,785 compared to $1,719,316 reported a year ago. Net interest income was $1,505,419 compared to $1,370,837 reported a year ago. Pre-tax income was $436,959 compared to $382,400 reported a year ago. For the six months, the company reported net income of $596,359 compared to $501,111 reported a year ago. Total interest income was $3,650,910 compared to $3,388,183 reported a year ago. Net interest income was $2,964,069 compared to $2,691,589 reported a year ago. The improvement in net interest income was attributed to steady loan yields, low levels of excess cash and continued focus on lowering deposit costs. Pre-tax income was $868,493 compared to $731,017 reported a year ago.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
FRSB:US $7.05 USD 0.00

FRSB Competitors

Market data is delayed at least 15 minutes.

Company Last Change
BV Financial Inc $7.00 USD 0.00
Clarion County Community Bank $6.12 USD +0.07
Cornerstone Bancorp/SC $3.75 USD 0.00
Enterprise National Bank NJ $6.10 USD 0.00
ES Bancshares Inc $2.60 USD 0.00
View Industry Companies
 

Industry Analysis

FRSB

Industry Average

Valuation FRSB Industry Range
Price/Earnings 10.8x
Price/Sales 1.9x
Price/Book 0.9x
Price/Cash Flow 10.2x
TEV/Sales NM Not Meaningful

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact FIRST RESOURCE BANK, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.