Apr. 24 at 12:10 PM
$FRSB just posted a blowout Q1: net income up 27% YoY, NIM expands to 3.60%, and deposits grow 4% QoQ. EPS jumped 30% to
$0.56 while non-performing assets fell to 0.04%. CEO Ranalli credits 'disciplined pricing' and expects loan repricing tailwinds to persist. Trading at 14.62/share buybacks? That's a discount to
$17.34 book value.
https://www.prnewswire.com/news-releases/first-resource-bancorp-inc-announces-2025-first-quarter-results-net-income-grew-27-over-prior-year-net-interest-margin-expands-302436245.html