First BanCorp. Announces Earnings for the Quarter Ended September 30, 2026
First BanCorp reported Q3 2026 net income of $96.1 million, or $0.63 per diluted share, essentially flat versus $96.1 million ($0.62) in Q2 2026 and slightly below $100.5 million ($0.63) in Q3 2025. Net interest income came in at $227.5 million, up about 4.4% year-over-year, while the net interest margin eased to 4.73% from 4.87% in the prior quarter on higher deposit costs. Credit quality was broadly stable with provision of $14.6 million, non-performing assets roughly flat at $114.1 million, and net charge-offs at an annualized 0.55%.
Key figures
- Eps
- 0.63
- Revenue
- 227527000
- Revenue Yoy
- 4.4%
- Cet1 ratio
- 16.91%
- Total loans
- 13364500000
- Total assets
- 19250334000
- Total deposits
- 16918636000
- Efficiency ratio
- 50.06%
- Net income q2 2026
- 96154000
- Net income q3 2025
- 100526000
- Net income q3 2026
- 96115000
- Net interest margin
- 4.73%
- Book value per share
- 12.43
- Net charge off ratio
- 0.55%
- Return on avg assets
- 1.98%
- Return on avg equity
- 19.46%
- Buyback authorization
- 350000000
- Dividend increase pct
- 25%
- Non performing assets
- 114140000
- Provision credit losses
- 14633000
- Tangible common equity ratio
- 9.55%
- Tangible book value per share
- 12.15
- Loan growth linked qtr annualized
- 3.3%
AI analysis
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