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First Home Bancorp, Inc. : Reports Record Earnings for First Quarter 2021


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First Home Bancorp, Inc. (OTCQX: FHBI) (“FHBI” or the “Company”), parent company of First Home Bank (“First Home” or the “Bank”) reported record earnings for the first quarter of 2021, driven by mortgage banking income, as well as loan origination fees and net interest income associated with the Paycheck Protection Program (“PPP”). The Company reported net income for the first quarter of 2021 of $7.51 million, or $3.07 per basic common share and $2.76 per diluted common share, compared to net income of $5.61 million, or $2.29 per basic common share and $2.03 per diluted common share, in the fourth quarter 2020, and a net loss of $501 thousand, or $(0.30) per basic and diluted common share in the first quarter of 2020. The first quarter’s earnings increased tangible book value to $26.89 per common share. ....

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