First BanCorp is rated Buy for its superior profitability and efficiency despite Puerto Rico's challenging economic environment. FBP outperforms peers in ROA, efficiency ratio, and asset quality, with non-performing loans at 0.67% and high loan loss reserves. Capital returns are robust, with 97% of Q1 2026 earnings returned via dividends and buybacks, though earnings growth remains subdued.
Although the revenue and EPS for First Bancorp (FBNC) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
First Bancorp (FBNC) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $1.09 per share. This compares to earnings of $0.84 per share a year ago.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CE Curtis Ellergodt Rothschild Investment LLC | 72 | $2,986.37 | $4,651.56 | $1,665.19 | 55.76% |
| BG Bart Gancher Intech Investment Management LLC | 9,699 | $404,660.84 | $626,900.68 | $222,239.84 | 54.92% |
| YA Yinka Akinsola Blue Trust Inc. | 1,677 | $67,314.78 | $108,577.36 | $41,262.58 | 61.3% |
| MD Michelle Dubey Yousif Capital Management LLC | 11,005 | $500,063.01 | $709,162.2 | $209,099.19 | 41.81% |
Joseph Castro Nuveen LLC | 179,852 | $7.77M | $11.65M | $3.88M | 49.93% |
| Banks Industry | Financials Sector | Richard Hancock Moore CEO | NASDAQ (NGS) Exchange | 318910106 CUSIP |
| US Country | 1,353 Employees | 30 Jun 2026 Last Dividend | 16 Nov 2004 Last Split | - IPO Date |
First Bancorp, established in 1934 and headquartered in Southern Pines, North Carolina, operates as the parent company for First Bank. This banking institution primarily serves individuals and small to medium-sized businesses in North Carolina and northeastern South Carolina. With a network of 121 branches, including 114 in North Carolina and seven in South Carolina, as of December 31, 2021, First Bancorp has established a significant presence in its target markets. Its comprehensive suite of banking products and services, along with its commitment to customer service, positions First Bancorp as a key player in the regional banking sector.
First Bancorp offers a variety of deposit products catering to individual and business needs. These include checking, savings, and money market accounts alongside time deposits such as certificates of deposits (CDs) and individual retirement accounts (IRAs), providing flexible options for managing finances.
Customers can access loans for diverse purposes, including business financing, real estate purchases, personal needs, home improvements, and automobile purchases. The bank also extends residential mortgages and small business administration loans, accommodating a wide range of borrowing needs.
First Bancorp offers specialized financial solutions like accounts receivable financing and factoring, inventory financing, and purchase order financing services. These options support businesses in managing their cash flow and funding their operations effectively.
The bank provides essential services like credit and debit cards, letters of credit, and safe deposit box rentals. Further facilitating banking operations are electronic funds transfer services, including wire transfers, alongside modern conveniences like internet and mobile banking, cash management, bank-by-phone services, and remote deposit capture.
In addition to traditional banking products, First Bancorp offers investment products such as mutual funds, annuities, and company retirement plans. Insurance options include long-term care insurance, life insurance, and property and casualty insurance products. Financial planning services are also available to help customers strategize their financial futures.