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August 04, 2015 2:24 PM 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. expected to report Q2 2015 results on August 4, 2015. This event was calculated by Capital IQ (Created on August 2, 2015).

First Commons Bank, N.A. expected to report Q2 2015 results on August 4, 2015. This event was calculated by Capital IQ (Created on August 2, 2015).

First Commons Bank, N.A. Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

First Commons Bank, N.A. reported unaudited earnings results for the second quarter and six months ended June 30, 2015. For the six months, total interest income was $5,357,000 against $5,527,000 a year ago. Net interest income was $4,195,000 against $4,352,000 a year ago. Income before income tax expense (benefit) was $795,000 against $1,162,000 a year ago. Net income was $461,000 against $688,000 a year ago. Tangible Book Value on June 30th 2015 was $9.93 per share. Net income for the three months period ended June 30, 2015 increased 23% to $254,000 against $207,000 for the three months period ended March 31, 2015.

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.

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