Vail Valley: FirstBank reports first quarter earnings
Vail, CO, Colorado
FirstBank Holding Company, the Lakewood-based holding company for the largest locally-owned banking organization in Colorado, has reported its 2010 first quarter financial results.
As of March 31, 2010, the company held total assets of $10.37 billion, up 9 percent compared to the same period last year. Total deposits were $9.38 billion, an increase of 8 percent compared to March 31, 2009. Loans increased 6 percent to $4.27 billion.
FirstBank Holding Company’s net income for the quarter was $35.16 million, compared to $38.83 million during the comparable period last year. Earnings per share were $273, and return on average shareholder equity was 19 percent.
FirstBank operates 120 locations in Colorado, including branches in Vail, Avon and Eagle. A majority of company stock is owned by management and employees. For more information, go to http://www.efirstbank.com.