First Resource Bank (FRSB) AI Stock Analysis

First Resource Bank

(Other OTC:FRSB)

Select Model

Rating:78Outperform

Price Target:$29.00▲(5.45% Upside)

Action:reiterated

Date:08/06/26

Overall score is driven primarily by attractive valuation (low P/E and very high dividend yield) and supportive technical momentum (price above key moving averages with positive MACD). Financial performance is solid with improved leverage and healthy ROE, but revenue volatility and inconsistent 2025 cash-flow coverage data reduce confidence slightly.

Positive Factors

Improving leverageA sustained decline in debt-to-equity to ~0.45 reduces financial risk and increases capital flexibility. Lower leverage gives the bank more room to absorb credit losses, support lending or dividends, and pursue strategic investments without destabilizing core capital ratios.

Negative Factors

Revenue volatilityIntermittent revenue declines, such as the 2024 dip, signal sensitivity in the bank's commercial or fee businesses. Persistent volatility complicates forecasting, provisioning, and capital planning, making sustained strategic investments and payout commitments harder to manage.

First Resource Bank (FRSB) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $82.77M
Dividend Yield: 0.22%
Average Volume (3M): 1,684
Price to Earnings (P/E): 7.9
Beta (1Y): 0.26
Revenue Growth: 23.29%
EPS Growth: 52.25%
Country: US
Employees: 15
Sector: Financial
Sector Strength: 68
Industry: Banks - Regional

First Resource Bank Business Overview & Revenue Model

Company Description

First Resource Bancorp Inc. serves as the parent company for First Resource Bank, which delivers a comprehensive range of personal and commercial banking products and services. The institution primarily caters to businesses and individual customers l...

How the Company Makes Money

FRSB primarily makes money through net interest income and non-interest (fee) income. Net interest income is earned from the spread between (a) interest collected on loans and other interest-earning assets and (b) interest paid to depositors and othe...

First Resource Bank Financial Statement Overview

Summary

Strong income statement trends with a sharp 2025 revenue acceleration and generally solid net margins, plus healthy ROE and meaningfully improved leverage by 2025. Offsetting factors include revenue volatility (notably the 2024 dip) and uncertainty from inconsistent 2025 cash-flow coverage fields despite positive cash flow.

Income Statement

78Positive

Balance Sheet

71Positive

Cash Flow

66Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	51.81M	44.33M	19.98M	30.38M	21.79M	18.95M
Gross Profit	31.43M	25.69M	19.98M	19.57M	17.76M	15.77M
EBITDA	13.22M	10.70M	7.14M	7.96M	7.53M	5.69M
Net Income	10.51M	8.16M	5.31M	5.93M	5.63M	4.17M
Balance Sheet
Total Assets	887.59M	817.36M	663.58M	602.62M	516.72M	469.06M
Cash, Cash Equivalents and Short-Term Investments	93.09M	109.05M	17.84M	40.99M	31.47M	54.50M
Total Debt	24.63M	26.48M	12.72M	50.51M	42.69M	30.23M
Total Liabilities	821.41M	758.59M	613.29M	556.48M	476.63M	433.51M
Stockholders Equity	66.18M	58.77M	50.29M	46.14M	40.10M	35.55M
Cash Flow
Free Cash Flow	0	7.86M	5.61M	5.45M	4.71M	3.86M
Operating Cash Flow	0	8.11M	6.00M	5.62M	5.02M	4.00M
Investing Cash Flow	0	-80.35M	-67.89M	-63.65M	-53.49M	-59.58M
Financing Cash Flow	0	144.83M	55.91M	76.25M	43.52M	40.12M

First Resource Bank Technical Analysis

Technical Analysis SentimentPositive

Last Price27.50

Price Trends

50DMA25.84Positive

100DMA25.12Positive

200DMA23.18Positive

Market Momentum

MACD0.39Negative

RSI72.42Negative

STOCH100.00Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FRSB, the sentiment is Positive. The current price of 27.50 is above the 20-day moving average (MA) of 26.10, above the 50-day MA of 25.84, and above the 200-day MA of 23.18, indicating a bullish trend. The MACD of 0.39 indicates Negative momentum. The RSI at 72.42 is Negative, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FRSB.

First Resource Bank Peers Comparison

Overall Rating

UnderperformOutperform

Sector (68)

Financial Indicators

FRSB against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FRSB	78Outperform	$82.77M	7.86	16.83%	0.22%	23.29%	52.25%
ASRV	70Outperform	$83.42M	9.14	7.48%	2.44%	2.43%	75.47%
CLST	68Neutral	$69.99M	24.10	3.06%	―	31.73%	17.80%
Sector *	68Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%

* Financial Sector Average

Performance Comparison

FRSB and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
FRSB	First Resource Bank	27.50	9.15	49.86%
ASRV	AmeriServ Financial, Inc.	4.91	1.88	62.15%
CLST	Catalyst Bancorp, Inc.	17.35	3.10	21.75%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Aug 06, 2026

First Resource Bank AI Stock Analysis