First Bank Reports Strong Q3 2025 Earnings Growth
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First Bank, a New Jersey state-chartered bank, reported strong Q3 2025 earnings with a net income of $11.7 million, up from $8.2 million in Q3 2024. Key highlights include a 5.6% growth in total loans to $3.37 billion and a 6.9% increase in total deposits to $3.22 billion. The net interest margin improved to 3.71%, and the efficiency ratio decreased to 51.81%. The tangible book value per share rose to $15.33, reflecting a 12.4% growth. The bank plans to enhance shareholder returns through strategic capital management initiatives.
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