Analyst Estimates: Here’s What Brokers Think Of First Bank (NASDAQ:FRBA) After Its First-Quarter Report

It’s been a good week for First Bank (NASDAQ:FRBA) shareholders, because the company has just released its latest quarterly results, and the shares gained 2.2% to US$13.70. It looks like the results were a bit of a negative overall. While revenues of US$34m were in line with analyst predictions, statutory earnings were less than expected, missing estimates by 4.3% to hit US$0.37 per share. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. Readers will be glad to know we’ve aggregated the latest statutory forecasts to see whether the analysts have changed their mind on First Bank after the latest results.

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Following the latest results, First Bank’s three analysts are now forecasting revenues of US$141.1m in 2025. This would be a notable 9.9% improvement in revenue compared to the last 12 months. Per-share earnings are expected to accumulate 6.5% to US$1.66. Before this earnings report, the analysts had been forecasting revenues of US$138.3m and earnings per share (EPS) of US$1.63 in 2025. So it looks like there’s been no major change in sentiment following the latest results, although the analysts have made a slight bump in to revenue forecasts.

See our latest analysis for First Bank

It may not be a surprise to see thatthe analysts have reconfirmed their price target of US$17.17, implying that the uplift in revenue is not expected to greatly contribute to First Bank’s valuation in the near term. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. There are some variant perceptions on First Bank, with the most bullish analyst valuing it at US$18.00 and the most bearish at US$16.00 per share. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. The period to the end of 2025 brings more of the same, according to the analysts, with revenue forecast to display 13% growth on an annualised basis. That is in line with its 14% annual growth over the past five years. Compare this with the broader industry, which analyst estimates (in aggregate) suggest will see revenues grow 7.1% annually. So although First Bank is expected to maintain its revenue growth rate, it’s definitely expected to grow faster than the wider industry.

The Bottom Line

The most important thing to take away is that there’s been no major change in sentiment, with the analysts reconfirming that the business is performing in line with their previous earnings per share estimates. Pleasantly, they also upgraded their revenue estimates, and their forecasts suggest the business is expected to grow faster than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At Simply Wall St, we have a full range of analyst estimates for First Bank going out to 2026, and you can see them free on our platform here..

You can also see whether First Bank is carrying too much debt, and whether its balance sheet is healthy, for free on our platform here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.