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FirstBank earnings up 19.2 percent

Jim Ayers, chairman of FirstBank (right), and Christopher Holmes, president of FirstBank, meet with reporter Ellis Smith before a luncheon at the Hunter Museum of American Art on Wednesday, June 19, 2013. Jim Ayers, chairman of FirstBank (right), and Christopher Holmes, president of FirstBank, meet with reporter Ellis Smith before a luncheon at the Hunter Museum of American Art on Wednesday, June 19, 2013.

By Staff Report February 10, 2015 1 min read

Tennessee’s third-biggest bank, FirstBank, boosted its earnings by 19.2 percent last year to nearly $33.4 million.

The $2.4 billion-asset bank, which operates 48 branches including one in downtown Chattanooga, said 2014 was the third consecutive year of record profits.

“We continue to show healthy growth across our entire footprint, including all our lines of business,” FirstBank President and Chief Executive Officer Chris Holmes said.

FirstBank expanded last year into Huntsville, Ala.

“This gives us confidence as we look for opportunities to expand our community-style banking approach to new consumer and business customers in 2015,” Holmes said.