First Bancorp Puerto Rico (FBP)
NYSE:FBP
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Earnings Data
Report Date
Jul 28, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.54Last Year’s EPS
0.5Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated multiple clear positives: record adjusted pre-tax pre-provision income, expanded NIM, strong ROA and capital ratios, meaningful share repurchases/dividends, and notable improvements in delinquency and nonperforming assets. Offsetting items included modest loan contraction driven by softer consumer/auto demand, a slightly lower allowance for credit losses with added qualitative reserve for geopolitical risk, a small uptick in net charge-offs, and continued near-term expense pressure from cloud/AI and outsourced tech investments. On balance, the strength in core operating performance, capital returns, credit trends, and cited margin tailwinds outweigh the headwinds.Company Guidance
Strong Profitability and EPS Growth
Net income of $88.8M (reported as ~$89M) and diluted EPS of $0.57, up ~21% year-over-year, driven by higher core operating results and stable tax rate dynamics.
Record Pre-Tax, Pre-Provision Income
Adjusted pre-tax, pre-provision income reached an all-time high of $131M, up ~5% year-over-year and ~2% sequentially, supporting operating leverage.
Improved Returns and Capital Generation
Return on average assets ~1.9% (17th consecutive quarter >1.5%); CET1 ratio 16.9%; tangible common equity ratio 10.11%; tangible book value per share $12.45; repurchased $50M of shares and paid $31.5M in dividends (net payout ~92%).
Net Interest Margin Expansion and NII Resilience
Net interest margin expanded +7 bps sequentially to 4.75%; net interest income $221M, roughly +4% year-over-year despite a $1.8M sequential reduction driven by two fewer days and some repricing.
Strong Credit Trends — Delinquencies and NPLs
Early-stage delinquencies declined 24% sequentially; nonperforming assets fell (nonaccrual loans declined $4.8M) and inflows to nonaccruals were down ~$12M versus prior quarter, supporting lower provision needs.
Core Deposit Growth and Funding Cost Improvements
Core client deposits increased (core deposits up ~4.9% on a linked-quarter annualized basis); cost of interest-bearing checking/savings declined 4 bps to 1.21%; time deposit and broker deposit costs also down, contributing to modest funding cost relief.
Securities Reinvestment Opportunity
Approximately $600M of lower-yielding securities (avg ~1.65% yield) remaining to mature and be reinvested into instruments yielding ~280 bps higher, supporting future margin upside.
FBP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FBP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 22, 2026 | $24.04 | $23.67 | -1.54% |
Jan 27, 2026 | $20.70 | $21.78 | +5.22% |
Oct 23, 2025 | $20.15 | $19.62 | -2.63% |
Jul 22, 2025 | $21.30 | $20.78 | -2.42% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does First Bancorp Puerto Rico (FBP) report earnings?
First Bancorp Puerto Rico (FBP) is schdueled to report earning on Jul 28, 2026, Before Open (Confirmed).
What is First Bancorp Puerto Rico (FBP) earnings time?
First Bancorp Puerto Rico (FBP) earnings time is at Jul 28, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FBP EPS forecast?
FBP EPS forecast for the fiscal quarter 2026 (Q2) is 0.54.