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


July 29, 2015 10:32 AM ET

Banks

Company Overview of First Commons Bank, N.A.

Company Overview

First Commons Bank, N.A., a full-service community bank, personal and businesses banking products and services in Massachusetts. Its personal services include checking accounts; money market accounts; savings and CDs; personal lending, including loans for home purchases, home refinancing, and personal borrowing; and other personal banking services, including online banking and bill pay, mobile banking, etc. The company’s business services include business checking accounts; cash management products and services; savings/CDs/money market accounts; business lending, including term loans, lines of credit, small business mortgages, and secured loans; and other business banking services, includin...

718 Beacon Street

Newton Centre

Newton, MA 02459

United States

Founded in 2009

Phone:

617-243-4400

Key Executives for First Commons Bank, N.A.

Co-Founder, Chairman, Chief Executive Officer and President
Co-Founder and Vice Chairman
Age: 73
Co-Founder and Director
Co-Founder and Director
Co-Founder and Director
Age: 60
Compensation as of Fiscal Year 2015.

First Commons Bank, N.A. Key Developments

First Commons Bank, N.A. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015

First Commons Bank, N.A. reported unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total interest income of $2,573,000 compared to $2,586,000 a year ago. Net interest income was $2,014,000 compared to $2,053,000 a year ago. Net interest income after provision for loan losses was $1,980,000 compared to $2,028,000 a year ago. Income before income tax was $359,000 compared to $501,000 a year ago. Net income was $206,000 compared to $293,000 a year ago.

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

First Commons Bank announced unaudited earnings results for the fourth quarter and year ended December 31, 2014. Net income for the quarter was $282,000 compared to $253,000 for the fourth quarter of 2013. Net income for the period January 1 to December 31, 2014 was $1.255 million, compared to $884,000 for the same period of 2013, an increase of 42%. The Bank's Return on Average Assets for the twelve month period ended December 31, 2014 was 0.50%, compared to 0.39% for the twelve month period ended December 31, 2013. Net interest income was $8,696,000 against $8,211,000 a year ago. Income before income tax expense was $2,148,000 against $1,532,000 a year ago. Book value of the Bank's common stock was $9.71 per share as of December 31, 2014, compared to $9.00 as of December 31, 2013.

First Commons Bank, N.A. Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

First Commons Bank, N.A. reported unaudited earnings results for the third quarter and nine months ended September 30, 2014. For the third quarter ended September 30, 2014, the company reported net income of $285,000 compared to $110,000 a year ago. For the nine months, the company reported total interest income of $8,143,000 against $7,256,000 a year ago. Net interest income was $6,452,000 against $5,863,000 a year ago. Income before income tax expense was $1,657,000 against $1,062,000 a year ago. Net income was $973,000 against $631,000 a year ago. The bank's return on average assets for the nine-month period ended September 30, 2014 was 0.52%, compared to 0.37% for the nine-month period ended September 30, 2013. Book value of the bank's common stock as of September 30, 2014 was $9.40.

Similar Private Companies By Industry

Company Name Region
International Bancshares Capital Trust XI United States
Bristol County Savings Bank United States
The Blanco National Bank United States
Greeneville Federal Bank, FSB United States
Heritage First Bank United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact First Commons Bank, N.A., please visit www.firstcommonsbank.com. 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.