First Bank (FRBA) Balance Sheet
FRBA balance sheet, 2025
December 31, 2025 · U.S. dollars$3.96B assets = $3.51B liabilities + $443.5M equity
Both columns are drawn to the same scale: what FRBA owns equals what it owes plus shareholders’ equity. Hover a block for its value.
FRBA financial health
Descriptive bands, not a rating. Fiscal 2025.
FRBA balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.07B2016 | $3.96B2025 | +15.6%/yr | |
| Total liabilities | $984.5M2016 | $3.51B2025 | +15.2%/yr | |
| Shareholders’ equity | $88.8M2016 | $443.5M2025 | +19.6%/yr | |
| Cash & short-term investments | $79.8M2016 | $399.7M2025 | +19.6%/yr | |
| Total debt | $107.8M2016 | $271.1M2025 | +10.8%/yr | |
| Net cash (debt) | −$28.0M2016 | $128.6M2025 | +$156.6M | |
| Working capital | $963.5M2016 | −$2.79B2025 | −$3.7B | |
| Book value per share | $8.392016 | $17.672025 | +8.6%/yr | |
| Debt / equity | 1.212016 | 0.612025 | −0.60 | |
| Shares outstanding | 10.6M2016 | 25.1M2025 | +10.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FRBA assets
FRBA liabilities and equity
FRBA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
FRBA balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $399.7M | $326.1M | $309.3M | $212.6M | $250.4M | $161.6M | $95.3M | $87.6M | $109.9M | $79.8M |
| Cash & equivalents | $302.2M | $258.4M | $215.2M | $113.6M | $155.8M | $99.8M | $47.9M | $36.4M | $47.5M | $32.7M |
| Short-term investments | $97.5M | $67.7M | $94.1M | $99.0M | $94.6M | $61.7M | $47.5M | $51.3M | $62.4M | $47.1M |
| Receivables | $14.4M | $14.3M | $14.8M | $8.2M | $5.7M | $6.8M | $4.8M | $4.3M | $3.8M | $2.6M |
| Inventory | $0 | $0 | $24.7M | −$135.4M | −$163.1M | −$107.2M | −$94.1M | $1.5M | $1.2M | $1.3M |
| Other current assets | $7.8M | $0 | $0 | $135.4M | $163.1M | $107.2M | $94.1M | $0 | $0 | $880.5M |
| Total current assets | $421.8M | $340.3M | $324.1M | $220.7M | $256.0M | $168.4M | $100.2M | $91.9M | $113.7M | $964.2M |
| Property, plant & equipment (net) | $18.4M | $21.4M | $21.6M | $10.6M | $9.9M | $10.7M | $11.9M | $11.0M | $5.9M | $3.3M |
| Goodwill & intangible assets | $51.3M | $53.0M | $55.0M | $19.4M | $20.0M | $18.0M | $18.3M | $17.5M | $11.4M | $224,000 |
| Long-term investments | $163.1M | $138.0M | $149.9M | $154.5M | $142.2M | $105.8M | $100.5M | $107.3M | $121.3M | $105.5M |
| Other non-current assets | $3.30B | $3.23B | $3.06B | $2.33B | $2.10B | $2.04B | $1.78B | $1.48B | $1.20B | $0 |
| Total assets | $3.96B | $3.78B | $3.61B | $2.73B | $2.52B | $2.35B | $2.01B | $1.71B | $1.45B | $1.07B |
| Liabilities | ||||||||||
| Accounts payable | $4.8M | $3.8M | $2.8M | $1.2M | $399,000 | $561,000 | $1.1M | $1.0M | $988,000 | $636,000 |
| Short-term debt | — | $92.8M | $144.6M | $70.3M | — | $65.8M | $20.4M | $32.9M | $28.6M | $86.2M |
| Deferred revenue | — | — | −$2.8M | −$69.0M | — | −$65.2M | −$19.3M | −$31.8M | −$27.6M | −$49.6M |
| Total current liabilities | $3.21B | $3.06B | $2.97B | $2.30B | $2.12B | $1.90B | $1.64B | $1.39B | $1.17B | $636,000 |
| Long-term debt | $271.1M | $276.9M | $234.4M | $120.7M | $111.5M | $190.6M | $22.0M | $21.9M | $21.7M | $21.6M |
| Other long-term liabilities | $36.4M | $34.6M | $33.6M | $27.5M | $30.6M | $13.3M | $121.3M | $100.2M | $98.3M | $64.5M |
| Total liabilities | $3.51B | $3.37B | $3.24B | $2.44B | $2.26B | $2.11B | $1.79B | $1.52B | $1.29B | $984.5M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $136.8M | $135.5M | $134.6M | $104.5M | $103.7M | $103.1M | $101.9M | $93.1M | $87.0M | $56.9M |
| Retained earnings (deficit) | $214.5M | $176.8M | $140.6M | $127.5M | $95.9M | $63.4M | $46.4M | $35.2M | $19.7M | $13.6M |
| Accumulated other comprehensive income | −$2.9M | −$4.9M | −$5.7M | −$7.3M | −$206,000 | $839,000 | $27,000 | −$935,000 | −$494,000 | −$469,000 |
| Total shareholders' equity | $443.5M | $409.2M | $370.9M | $289.6M | $266.7M | $238.1M | $226.4M | $194.8M | $163.2M | $88.8M |
| Key figures | ||||||||||
| Total debt | $271.1M | $276.9M | $234.4M | $120.7M | $124.9M | $190.6M | $127.4M | $115.2M | $116.6M | $107.8M |
| Net cash (debt) | $128.6M | $49.2M | $74.9M | $91.9M | $125.5M | −$29.1M | −$32.1M | −$27.6M | −$6.7M | −$28.0M |
| Working capital | −$2.79B | −$2.72B | −$2.65B | −$2.07B | −$1.86B | −$1.74B | −$1.54B | −$1.30B | −$1.06B | $963.5M |
| Tangible book value | $392.2M | $356.2M | $315.9M | $270.2M | $246.7M | $220.1M | $208.1M | $177.3M | $151.8M | $88.6M |
| Book value per share | $17.67 | $16.18 | $16.80 | $14.69 | $13.46 | $11.90 | $11.67 | $10.49 | $11.20 | $8.39 |
| Shares outstanding | 25.1M | 25.3M | 22.1M | 19.7M | 19.8M | 20.0M | 19.4M | 18.6M | 14.6M | 10.6M |
| Current ratio | 0.13 | 0.11 | 0.11 | 0.10 | 0.12 | 0.09 | 0.06 | 0.07 | 0.10 | 1,516.01 |
| Quick ratio | 0.13 | 0.11 | 0.11 | 0.10 | 0.12 | 0.09 | 0.06 | 0.07 | 0.10 | 129.53 |
| Debt / equity | 0.61 | 0.68 | 0.63 | 0.42 | 0.47 | 0.80 | 0.56 | 0.59 | 0.71 | 1.21 |
| Equity / assets | 11.2% | 10.8% | 10.3% | 10.6% | 10.6% | 10.1% | 11.3% | 11.4% | 11.2% | 8.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $36.9M | $403.1M | $399.7M | $387.4M | $407.2M | $351.3M | $326.1M | $378.4M | $324.1M | $308.8M | $309.3M | $248.0M |
| Cash & equivalents | $36.9M | $309.6M | $302.2M | $311.5M | $335.7M | $276.9M | $258.4M | $303.8M | $227.3M | $213.9M | $215.2M | $160.2M |
| Short-term investments | — | $93.4M | $97.5M | $75.9M | $71.4M | $74.3M | $67.7M | $74.5M | $96.7M | $94.9M | $94.1M | $87.7M |
| Receivables | $14.9M | $14.9M | $14.4M | $14.9M | $14.5M | $14.9M | $14.3M | $13.5M | $14.3M | $15.2M | $14.8M | $14.8M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$240.4M | −$228.1M | $24.7M | −$195.5M |
| Other current assets | $0 | $9.3M | $7.8M | $8.2M | $0 | $0 | $0 | $0 | $240.4M | $228.1M | $0 | $195.5M |
| Total current assets | $51.9M | $427.2M | $421.8M | $410.5M | $421.7M | $366.1M | $340.3M | $391.9M | $338.4M | $324.0M | $324.1M | $262.8M |
| Property, plant & equipment (net) | $17.7M | $18.0M | $18.4M | $18.4M | $18.0M | $21.3M | $21.4M | $20.3M | $21.6M | $21.5M | $21.6M | $21.4M |
| Goodwill & intangible assets | $50.5M | $50.9M | $51.3M | $51.6M | $52.0M | $52.5M | $53.0M | $53.5M | $54.0M | $54.5M | $55.0M | $55.6M |
| Long-term investments | $0 | $157.6M | $163.1M | $139.6M | $143.1M | $146.7M | $138.0M | $131.2M | $153.2M | $149.9M | $149.9M | $143.3M |
| Other non-current assets | $3.97B | $3.32B | $3.30B | $3.41B | $3.38B | $3.29B | $3.23B | $3.16B | $3.05B | $3.04B | $3.06B | $3.08B |
| Total assets | $4.09B | $3.97B | $3.96B | $4.03B | $4.02B | $3.88B | $3.78B | $3.76B | $3.62B | $3.59B | $3.61B | $3.56B |
| Liabilities | ||||||||||||
| Accounts payable | — | $4.7M | $4.8M | $4.8M | $4.4M | $4.9M | $3.8M | $5.1M | $4.3M | $4.0M | $2.8M | $3.2M |
| Short-term debt | — | $112.5M | — | $65.8M | $106.5M | $157.0M | $92.8M | $80.7M | $151.4M | $136.5M | $144.6M | $88.1M |
| Deferred revenue | — | — | — | — | — | — | — | — | −$4.3M | −$4.0M | −$2.8M | −$84.8M |
| Total current liabilities | $131.7M | $3.23B | $3.21B | $3.23B | $3.17B | $3.12B | $3.06B | $3.06B | $2.97B | $2.97B | $2.97B | $2.97B |
| Long-term debt | $0 | $256.0M | $271.1M | $336.1M | $391.1M | $311.8M | $276.9M | $266.9M | $217.0M | $201.5M | $234.4M | $188.4M |
| Other long-term liabilities | $3.63B | $33.2M | $36.4M | $36.3M | $33.2M | $29.3M | $34.6M | $33.5M | $34.4M | $33.4M | $33.6M | $38.3M |
| Total liabilities | $3.63B | $3.52B | $3.51B | $3.60B | $3.60B | $3.47B | $3.37B | $3.36B | $3.22B | $3.21B | $3.24B | $3.20B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $138.2M | $138.0M | $136.8M | $136.7M | $136.6M | $136.2M | $135.5M | $135.4M | $135.2M | $135.0M | $134.6M | $134.4M |
| Retained earnings (deficit) | $228.5M | $219.9M | $214.5M | $203.6M | $193.4M | $184.7M | $176.8M | $167.8M | $161.1M | $151.6M | $140.6M | $133.7M |
| Accumulated other comprehensive income | −$3.7M | −$3.4M | −$2.9M | −$3.1M | −$3.5M | −$3.9M | −$4.9M | −$3.8M | −$5.8M | −$5.9M | −$5.7M | −$8.0M |
| Total shareholders' equity | $453.2M | $449.4M | $443.5M | $431.9M | $422.4M | $414.9M | $409.2M | $402.1M | $392.5M | $382.3M | $370.9M | $361.0M |
| Key figures | ||||||||||||
| Total debt | $276.0M | $256.0M | $271.1M | $336.1M | $391.1M | $311.8M | $276.9M | $266.9M | $217.0M | $201.5M | $234.4M | $188.4M |
| Net cash (debt) | −$239.0M | $147.0M | $128.6M | $51.3M | $16.0M | $39.4M | $49.2M | $111.5M | $107.1M | $107.3M | $74.9M | $59.6M |
| Working capital | −$79.8M | −$2.80B | −$2.79B | −$2.82B | −$2.75B | −$2.76B | −$2.72B | −$2.66B | −$2.63B | −$2.65B | −$2.65B | −$2.71B |
| Tangible book value | $402.8M | $398.5M | $392.2M | $380.2M | $370.4M | $362.4M | $356.2M | $348.6M | $338.5M | $327.8M | $315.9M | $305.5M |
| Book value per share | $18.08 | $17.83 | $17.76 | $17.20 | $16.74 | $16.42 | $16.16 | $15.86 | $15.54 | $15.17 | $14.78 | $15.10 |
| Shares outstanding | 25.1M | 25.2M | 25.0M | 25.1M | 25.2M | 25.3M | 25.3M | 25.3M | 25.3M | 25.2M | 25.1M | 23.9M |
| Current ratio | 0.39 | 0.13 | 0.13 | 0.13 | 0.13 | 0.12 | 0.11 | 0.13 | 0.11 | 0.11 | 0.11 | 0.09 |
| Quick ratio | 0.39 | 0.13 | 0.13 | 0.12 | 0.13 | 0.12 | 0.11 | 0.13 | 0.11 | 0.11 | 0.11 | 0.09 |
| Debt / equity | 0.61 | 0.57 | 0.61 | 0.78 | 0.93 | 0.75 | 0.68 | 0.66 | 0.55 | 0.53 | 0.63 | 0.52 |
| Equity / assets | 11.1% | 11.3% | 11.2% | 10.7% | 10.5% | 10.7% | 10.8% | 10.7% | 10.9% | 10.6% | 10.3% | 10.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.
FRBA financial position
At the end of fiscal 2025 (December 31, 2025), First Bank had total assets of $4.0 billion (up 4.7% from a year earlier), total liabilities of $3.5 billion and shareholders' equity of $443.5 million. It held $399.7 million in cash and short-term investments against $271.1 million of debt, a net cash position of $128.6 million. Its current ratio was 0.13. In the latest quarter (ended June 30, 2026) total assets were $4.1 billion and equity $453.2 million.
Related: FRBA income statement, FRBA cash flow statement, FRBA key metrics. See the FRBA stock overview for the latest quote and news.
FRBA balance sheet FAQ
What are First Bank's total assets?
First Bank reported total assets of $4.0 billion at the end of fiscal 2025 (December 31, 2025), compared with $3.8 billion a year earlier.
How much debt does First Bank have?
First Bank had $271.1 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.61.
How much cash does First Bank have?
First Bank held $399.7 million in cash and short-term investments at the end of fiscal 2025; with $271.1 million of debt that is net cash of $128.6 million.
What is First Bank's book value?
First Bank's shareholders' equity (book value) was $443.5 million at the end of fiscal 2025, or $17.67 per share.
What is First Bank's current ratio?
First Bank had current assets of $421.8 million and current liabilities of $3.2 billion, a current ratio of 0.13 (current liabilities exceed current assets).
How much goodwill does First Bank have?
First Bank carried $51.3 million of goodwill and intangible assets, 1.3% of total assets, at the end of fiscal 2025.