First BanCorp: Bond Market Turbulence, Expected Tourism Slowdown Seems Priced-In
I'm expecting loan growth to decelerate this year, as a possible recession in the mainland United States can hurt the tourism industry in Puerto Rico. Low-yielding securities are set to mature this year, which will provide First BanCorp a good opportunity to reinvest in higher-yielding assets, thereby raising the margin. I'm raising my provision expense estimate and, therefore, reducing my earnings estimate for 2025.
First Bancorp (FBNC) Upgraded to Buy: What Does It Mean for the Stock?
First Bancorp (FBNC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
First Bancorp (FBNC) Q4 Earnings and Revenues Surpass Estimates
First Bancorp (FBNC) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.72 per share a year ago.
First BanCorp.: Strong Margin Power And A Growing Dividend
First BanCorp. reported strong Q4 results with revenue of $241.5 million and EPS of $0.46, both beating estimates. Loans grew by $303.2 million to $12.8 billion, and core deposits increased by $197.9 million, indicating healthy banking activity. Net interest margin rose to 4.33%, with net interest income at $209.3 million, and cost of funds dropped to 2.35%.
What Makes First Bancorp (FBNC) a New Strong Buy Stock
First Bancorp (FBNC) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
First Bancorp (FBNC) Beats Q3 Earnings Estimates
First Bancorp (FBNC) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.73 per share a year ago.
First Bancorp (FBNC) Expected to Beat Earnings Estimates: Should You Buy?
First Bancorp (FBNC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
