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FirstBank's Second Quarter Results Showcase Stability and Commitment to Long-Term Growth
LAKEWOOD, Colo., Aug. 08, 2024 (GLOBE NEWSWIRE) -- FirstBank, one of the nation's largest privately held banks with a focus on "banking for good," announced its 2024 second-quarter summary of the company's holdings and activities. At the end of June, the bank reported the following quarter-over-quarter results.
Net income through the second quarter of 2024 increased to $96.5 million
Total deposits decreased by 2% to $24.1 billion
Net loan balance remained at $16.3 billion
Total assets decreased by 0.7% to $27.3 billion
FirstBank was named No. 1 in customer satisfaction in the Southwest Region by J.D. Power's 2024 Retail Banking Satisfaction Study for the fourth consecutive year.
"Heading into the second half of 2024, FirstBank remains focused on long-term growth, helping small businesses grow, and providing outstanding customer service," said Kevin Classen, CEO of FirstBank. "In Q2, we also approved ...