First Bank (FRBA): History, Ownership, Mission, How It Works & Makes Money

Ever wondered about the story behind First Bank (FRBA) and how it operates? With assets totaling $3.78 billion as of December 31, 2024, First Bank provides a range of banking products and services to individuals and businesses along the New York City to Philadelphia corridor. But how did it get here, who owns it, and what's its mission? Keep reading to discover the history, ownership structure, and the inner workings of First Bank (FRBA), including how it generates revenue.

First Bank (FRBA) History

First Bank's Founding Timeline

Year established

First Bank was established in 1910.

Original location

The bank's original location was in Langhorne, Pennsylvania.

Founding team members

The founding team members are not explicitly named in the provided search results.

Initial capital/funding

Details regarding the initial capital or funding of First Bank are not available in the provided search results.

First Bank's Evolution Milestones

First Bank's Transformative Moments

• Strategic Acquisitions: The acquisitions of First Savings and Loan Association of Perkasie and Bucks County Bank were pivotal in expanding First Bank's market presence and service offerings.
• Name and Identity Evolution: The transition from First Federal Bancorp, Inc. to First Bank in 2006 marked a conscious effort to streamline the bank's brand and enhance its market recognition.
• Expansion into New Markets: The opening of a Loan Production Office in Marlton, New Jersey, in 2018 demonstrated a strategic initiative to extend the bank's reach beyond its original Pennsylvania footprint.

To gain more insights into the financial health of First Bank, you might find this resource helpful: Breaking Down First Bank (FRBA) Financial Health: Key Insights for Investors

First Bank (FRBA) Ownership Structure

First Bank (FRBA) features a mixed ownership structure, blending public shareholders with significant institutional and insider holdings that influence its corporate governance and strategic direction.

First Bank's Current Status

First Bank is a publicly traded company, meaning its shares are available for purchase by the general public on a stock exchange. As a publicly traded entity, First Bank is subject to regulatory oversight and reporting requirements, providing a level of transparency to its operations and financial performance. The bank's stock ticker symbol is FRBA.

First Bank's Ownership Breakdown

The ownership of First Bank is distributed among various types of shareholders, including institutional investors, individual shareholders, and company insiders. Here's a breakdown:

First Bank's Leadership

First Bank's leadership is composed of experienced executives and board members who guide the company's strategic direction and oversee its operations. As of April 2025, key figures include:

• Patrick L. Ryan: Director
• Peter J. Barthol: Director
• Robert E. White: Director

To gain further insights into the bank's guiding principles, explore Mission Statement, Vision, & Core Values of First Bank (FRBA).

First Bank (FRBA) Mission and Values

First Bank's mission is centered around providing financial solutions and building lasting relationships within the communities it serves, guided by a commitment to integrity, customer service, and community support. The bank's values emphasize ethical conduct, personalized service, and a dedication to fostering local economic growth.

First Bank's Core Purpose

Official mission statement

First Bank's official mission statement is: To be a growing, profitable, independent community bank, recognized as the premier financial institution in the markets we serve; dedicated to providing exceptional customer service, while enhancing shareholder value and providing a challenging and rewarding career for our employees.

• Dedicated to exceptional customer service.
• Enhancing shareholder value.
• Providing rewarding career opportunities for employees.

Vision statement

While a specific, formally declared vision statement for First Bank might not be explicitly publicized, the vision can be inferred from their actions and strategic goals. It generally aims to be the leading community bank in its chosen markets, known for its customer service, local commitment, and financial performance.

• To be the leading community bank in the markets it serves.
• Focus on customer service excellence.
• Commitment to local communities and their economic growth.
• Achieving strong financial performance and shareholder value.

Company slogan/tagline

First Bank’s tagline, 'Put First Things First,' encapsulates its commitment to prioritizing customer needs and financial well-being. This slogan reflects the bank's dedication to providing tailored financial solutions and fostering strong relationships with its clients and communities.

Learn more about First Bank's mission and vision: Mission Statement, Vision, & Core Values of First Bank (FRBA).

First Bank (FRBA) How It Works

First Bank operates as a full-service community bank, focusing on providing financial services to individuals, families, and businesses within its market areas.

First Bank's Product/Service Portfolio

First Bank's Operational Framework

First Bank's operational framework is built around providing personalized customer service and leveraging technology to enhance efficiency. The bank focuses on:

• Customer Relationship Management: Building long-term relationships with customers by understanding their financial needs and providing tailored solutions.
• Credit Risk Management: Employing rigorous underwriting standards and monitoring loan portfolios to minimize credit losses.
• Technology Integration: Investing in digital banking platforms and cybersecurity measures to enhance customer experience and protect assets.
• Community Involvement: Actively participating in local community events and supporting local organizations to foster goodwill and brand loyalty.

First Bank's Strategic Advantages

First Bank's strategic advantages include:

• Strong Local Presence: Deep roots in the communities it serves, enabling personalized service and local market expertise.
• Diversified Product Offerings: A wide range of banking and financial services that cater to diverse customer needs.
• Experienced Management Team: A seasoned leadership team with a proven track record of driving growth and profitability.
• Sound Financial Performance: Consistent financial performance, with a focus on maintaining strong capital ratios and asset quality.

For more in-depth information, you can explore: Mission Statement, Vision, & Core Values of First Bank (FRBA).

First Bank (FRBA) How It Makes Money

First Bank primarily generates revenue through traditional banking activities, such as taking deposits and providing loans, and through fee-based services.

First Bank's Revenue Breakdown

First Bank's Business Economics

First Bank's profitability is influenced by several key economic factors and pricing strategies:

• Interest Rate Spread: The bank profits from the difference between the interest it earns on loans and the interest it pays on deposits. Wider spreads typically lead to higher profitability.
• Loan Volume: The amount of loans the bank originates directly impacts interest income. Increased lending activity boosts revenue, but also increases credit risk.
• Operating Efficiency: Managing operational costs effectively helps improve the bottom line. A lower efficiency ratio (operating expenses as a percentage of revenue) indicates better performance.
• Pricing Strategies: First Bank sets interest rates on loans and fees for services based on market conditions, competition, and the creditworthiness of borrowers. Competitive pricing is essential to attract and retain customers.

First Bank's Financial Performance

Analyzing First Bank's financial performance involves looking at key metrics that reflect its stability and profitability:

• Net Interest Margin (NIM): A key profitability metric, NIM measures the difference between the interest income generated from loans and investments and the interest expenses paid on deposits, relative to the bank's assets. A higher NIM indicates greater profitability.
• Return on Assets (ROA): This ratio indicates how efficiently a company is using its assets to generate earnings. A higher ROA suggests better management and profitability.
• Return on Equity (ROE): ROE measures how effectively a company is using shareholders' equity to generate profits. It is a key indicator of profitability from the perspective of investors.
• Efficiency Ratio: The efficiency ratio measures a bank's overhead expenses as a percentage of its revenue. A lower ratio indicates greater efficiency.
• Asset Quality: Monitoring non-performing loans and the allowance for loan losses is crucial. Low levels of non-performing assets and adequate reserves indicate a healthy loan portfolio.
• Capital Adequacy: Regulatory capital ratios, such as Tier 1 capital ratio and total capital ratio, measure a bank's ability to absorb losses. Maintaining strong capital levels ensures stability and resilience.

To gain more insight into First Bank's core values and mission, explore Mission Statement, Vision, & Core Values of First Bank (FRBA).

First Bank (FRBA) Market Position & Future Outlook

As of April 2025, First Bank is strategically positioned to leverage its community-focused approach and expanding digital capabilities to enhance its market presence. The bank aims to capitalize on emerging opportunities in local markets while navigating potential economic headwinds.

Competitive Landscape

Opportunities & Challenges

Industry Position

First Bank operates as a community-oriented financial institution, primarily serving individuals, families, and small to medium-sized businesses. The bank focuses on building strong customer relationships and providing personalized financial solutions.

• Community Banking Focus: First Bank differentiates itself through its commitment to local communities, offering tailored services and actively participating in community development initiatives.
• Digital Transformation: The bank is investing in technology to enhance its digital banking platform, aiming to provide customers with convenient and efficient online and mobile banking services.
• Strategic Growth: First Bank is pursuing strategic growth opportunities in select markets, focusing on expanding its customer base and increasing market share through organic growth and potential acquisitions.

For more insights into the financial health of First Bank, check out: Breaking Down First Bank (FRBA) Financial Health: Key Insights for Investors