| 2017-07-24 18:22:24|
FRBA 18:22 07/24 07/24/17
First Bank reports Q2 EPS 15c, consensus 17c
Reports Q2 revenue $9.1M, consensus $8.69M. Reports Q2 provision for loan losses $806,000, an increase of $167,000 compared to the Q2 of FY16, and an increase of $368,000 compared to $438,000 for the linked Q1. The increase in the provision compared to Q2 of FY16 reflected continued growth to the Bank's commercial loan portfolio. Reports Q2 net charge-offs $22,000 compared to $63,000 for Q2 of FY16 and $146,000 for the Q1 of FY17.