Q3 EPS Hits $1.24 as Net Interest Margin Climbs to 3.75%
FBP sits 43% above its 52-week low of $19.16.
Summary
First BanCorp earned $51.3M, or $1.24 per diluted share, in Q3 2026, up from $50.5M and $1.22 in Q2. Net interest income rose 3.2% sequentially to $114.8M and the net interest margin widened 4bps to 3.75%, extending the margin recovery seen through the year. Loans grew 5.1% annualized to $9.1B while net charge-offs held at a benign 0.09% annualized, and the efficiency ratio came in at 49.09%. The quarter is a modest but clean beat on the trend line rather than a step change; the bigger swing factor remains the pending Carolina Bank deal and whether it closes without elevated expenses or deposit attrition.
At the time of this announcement, FBP was trading at $27.34 on NYSE in the Finance sector, with a market capitalization of approximately $4.2B. The 52-week trading range was $19.16 to $29.88. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.