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Firstbank Corporation

**FirstBank Corporation (FBK)**

**Exchange:** NASDAQ

**Sector:** Regional Banks

**Industry:** Banking

**Headquarters:** Lakewood, Colorado

**Key Statistics:**

* **Market Cap:** $2.6 billion

* **Revenue:** $1.2 billion (2022)

* **Net Income:** $187 million (2022)

* **Earnings Per Share (EPS):** $3.35 (2022)

* **Dividend Yield:** 1.6%

**Business Overview:**

FirstBank Corporation is a regional bank holding company that operates through its primary subsidiary, FirstBank. The bank provides a range of financial services to individuals, businesses, and municipalities in Colorado, Arizona, California, and New Mexico.

**Products and Services:**

* Checking and savings accounts

* Loans (commercial, consumer, and real estate)

* Wealth management

* Insurance

* Trust services

**Financial Performance:**

FirstBank Corporation has consistently reported strong financial performance in recent years. The bank has increased its revenue, net income, and EPS over the past several quarters.

**Growth Strategy:**

FirstBank Corporation is focused on organic growth through expanding its branch network, developing new products and services, and acquiring smaller banks. The bank has also been investing in technology to improve its customer experience and operational efficiency.

**Key Competitors:**

* Wells Fargo & Company (WFC)

* U.S. Bancorp (USB)

* Bank of America Corporation (BAC)

* PNC Financial Services Group (PNC)

* Truist Financial Corporation (TFC)

**Recent Developments:**

* In 2022, FirstBank Corporation acquired two banks in Arizona and New Mexico.

* The bank has been recognized for its strong financial performance and customer service.

* FirstBank Corporation is committed to environmental sustainability and has been recognized for its efforts in this area.