First Bank provides various banking products and services to individuals, businesses, and governmental entities. The company accepts various deposits, including non-interest bearing demand deposits, interest bearing demand accounts, money market accounts, savings accounts, and certificates of deposit, as well as commercial checking accounts. Its loan products include commercial and industrial loans; commercial real estate loans, such as owner-occupied, investor, construction and development, and multi-family loans; residential real estate loans comprising residential mortgages, first and second lien home equity loans, and revolving lines of credit; and consumer and other loans that include auto, personal, and traditional installment loans. The company also provides electronic banking services, including Internet and mobile banking, electronic bill payment, and banking by phone, as well as ATM and debit cards, and wire and ACH transfer services; remote deposit capture; and cash management services. As of December 31, 2021, it operated 18 full-service branches in Cinnaminson, Cranbury, Delanco, Denville, Ewing, Flemington, Hamilton, Hamilton, Lawrence, Mercerville, Pennington, Randolph, Somerset, and Williamstown counties in New Jersey, as well as Doylestown, Trevose, Warminster, and West Chester counties in Pennsylvania. First Bank was incorporated in 2007 and is headquartered in Hamilton, New Jersey.
First Bank Dividend Announcement
• First Bank announced a quarterly dividend of $0.06 per ordinary share which will be made payable on 2024-11-22. Ex dividend date: 2024-11-08
• First Bank annual dividend for 2024 was $0.24
• First Bank annual dividend for 2023 was $0.24
• First Bank's trailing twelve-month (TTM) dividend yield is 2.0%
• First Bank's payout ratio for the trailing twelve months (TTM) is 14.95%
• First Bank's dividend growth over the last five years (2018-2023) was 14.87% year
First Bank Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-08 | $0.06 | quarterly | 2024-11-22 |
2024-08-09 | $0.06 | quarterly | 2024-08-23 |
2024-05-09 | $0.06 | quarterly | 2024-05-24 |
2024-02-08 | $0.06 | quarterly | 2024-02-23 |
2023-11-09 | $0.06 | quarterly | 2023-11-24 |
2023-08-10 | $0.06 | quarterly | 2023-08-25 |
2023-05-11 | $0.06 | quarterly | 2023-05-26 |
2023-02-09 | $0.06 | quarterly | 2023-02-24 |
2022-11-09 | $0.06 | quarterly | 2022-11-25 |
2022-08-11 | $0.06 | quarterly | 2022-08-26 |
2022-05-12 | $0.06 | quarterly | 2022-05-27 |
2022-02-10 | $0.06 | quarterly | 2022-02-25 |
2021-11-04 | $0.06 | quarterly | 2021-11-19 |
2021-08-05 | $0.03 | quarterly | 2021-08-20 |
2021-05-06 | $0.03 | quarterly | 2021-05-21 |
2021-02-11 | $0.03 | quarterly | 2021-02-26 |
2020-11-05 | $0.03 | quarterly | 2020-11-20 |
2020-08-06 | $0.03 | quarterly | 2020-08-21 |
2020-05-07 | $0.03 | quarterly | 2020-05-22 |
2020-02-13 | $0.03 | quarterly | 2020-02-28 |
2019-11-07 | $0.03 | quarterly | 2019-11-22 |
2019-08-08 | $0.03 | quarterly | 2019-08-23 |
2019-05-09 | $0.03 | quarterly | 2019-05-24 |
2019-02-07 | $0.03 | quarterly | 2019-02-22 |
2018-11-08 | $0.03 | quarterly | 2018-11-23 |
2018-08-09 | $0.03 | quarterly | 2018-08-24 |
2018-05-10 | $0.03 | quarterly | 2018-05-25 |
2018-02-08 | $0.03 | quarterly | 2018-02-23 |
2017-11-09 | $0.02 | quarterly | 2017-11-24 |
2017-08-08 | $0.02 | quarterly | 2017-08-24 |
2017-05-08 | $0.02 | quarterly | 2017-05-30 |
2017-02-08 | $0.02 | quarterly | 2017-02-28 |
First Bank Dividend per year
First Bank Dividend growth
First Bank Dividend Yield
First Bank current trailing twelve-month (TTM) dividend yield is 2.0%. Interested in purchasing First Bank stock? Use our calculator to estimate your expected dividend yield:
First Bank Financial Ratios
First Bank Dividend FAQ
Other factors to consider when evaluating First Bank as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: First Bank's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, First Bank publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, First Bank distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from First Bank are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: First Bank sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, First Bank distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: First Bank declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of First Bank's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review First Bank's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.