First Bancorp Q2 FY26 net income rises 30.8% to $50.5 million; net interest income increases 15.1% to $111.3 million

Reuters2026/08/06 21:55

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First Bancorp posted net income of $50.5 million for Q2 2026, up from $38.6 million a year earlier; diluted EPS rose to $1.22 from $0.93.
Net interest income climbed 15.1% to $111.3 million, lifting net interest margin by 39 basis points to 3.71%.
Provision for credit losses was $1.2 million; nonperforming assets rose to 0.34% of total assets from 0.3% at Dec. 31, 2025.
Total assets increased 2.9% to $13.0 billion from Dec. 31, 2025, while deposits grew 3.13% to $11.1 billion.
Common equity Tier 1 ratio was 14.09% at June 30, 2026; the company repurchased 36,298 shares for an average $58.47 in Q2.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Bancorp published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000811589-26-000153), on August 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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First Bancorp Q2 FY26 net income rises 30.8% to $50.5 million; net interest income increases 15.1% to $111.3 million

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