First Banks, Inc. (FBSPRA), the holding company of First Bank, reported first-quarter net income attributable to the company of $6.9 million or $58.63 per share, compared to a net loss of $6.1 million or $481.41 per share last year.
Net interest income for the quarter declined to $43.8 million from $48.8 million a year ago. Net interest margin dropped to 2.86 percent from 2.90 percent in the prior-year quarter.
Non-interest income for the quarter increased to $17.2 million from $14.4 million last year.
Provision for loan losses for the latest quarter reduced to $2.0 million from $10.0 million in the comparable quarter last year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.