FirstBank, founded in 1894 and headquartered in Texas, is a leading financial institution dedicated to providing a diverse range of banking services to its customers. The bank focuses on retail and commercial banking, offering services such as personal and business checking accounts, loans, mortgages, and wealth management solutions.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| FBK 4.50% 2030-09-01 USDFirstBank | United States | 2030-09-01 | 4.500 | 7.05 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
FirstBank has a notable history of bond issuance, first entering the market in the early 1990s with fixed-rate bonds aimed at financing its expansion. One of its significant issuances occurred in 2021, with a $500 million bond offering that attracted widespread investor interest due to its competitive yield of 3.5%, outperforming many peers in the banking sector. Current bonds are structured with varying maturities and some include callable features, allowing for potential refinancing as interest rates change. Recently, FirstBank's decision to sustain its bond issuance strategy amidst economic uncertainty has garnered attention, reflecting confidence in its operational stability and growth prospects.