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First Bancorp Puerto Rico (FBP)
NYSE:FBP
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.51Last Year’s EPS
0.47Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong full-year performance with record revenue, robust profitability (ROA of 1.81%), substantial capital returns (buybacks and dividend increase), deposit growth, and improving asset quality. Management provided constructive 2026 guidance (loan growth, efficiency targets, and modest margin improvement) while candidly acknowledging pockets of credit inflows, margin pressure from floating-rate loan repricing, investments that will raise the expense base, and a weak auto market. Overall, positive operational momentum and capital flexibility outweigh the manageable headwinds and one-time items discussed.Company Guidance
Record Full-Year Revenue and Net Income
Full-year 2025 total revenues exceeded $1.0 billion; record net income of $345 million for 2025 and diluted EPS of $2.15 (GAAP). Adjusted net income was $325.3 million (non-GAAP), or $2.02 per share, an 8.6% increase over 2024.
Strong Profitability and Returns
Return on average assets (ROA) for 2025 was 1.81% (up from 1.58% in 2024), and the company sustained its multi-year target by surpassing the 1.50% ROA target for the fourth consecutive year.
Quarterly Earnings and Adjusted Performance
Q4 net income was $87.1 million. Excluding certain Q3/ongoing items (deferred tax asset valuation reversal and employee tax credit), adjusted pretax, pre-provision income was $129.2 million and adjusted EPS rose ~8% quarter-over-quarter.
Expense Discipline and Efficiency
Quarterly efficiency ratio improved to 49% (GAAP) for the quarter. Management expects to sustain a 52% or better efficiency ratio on a full-year GAAP basis for 2026 despite planned technology and business promotion investments.
Strong Capital Returns and Capital Metrics
Repurchased $50 million of common stock in the quarter and $150 million for the year; declared $28 million in dividends in Q4 and raised quarterly common dividend by 11% to $0.20/share starting 2026. Tangible book value per share increased 24% year-over-year to $12.29 and tangible common equity (TCE) ratio expanded to ~10%.
Deposit and Funding Improvements
Core customer deposits rose by $267 million in the quarter; noninterest-bearing deposits increased by roughly $170 million (a 3.2% pickup). Cost of government deposits declined ~31 basis points, contributing to a reduction in overall funding cost of about 5 basis points for the quarter.
Loan Origination and Loan Growth
Originated $1.4 billion in loans during the quarter; total loans grew by $80 million quarter-over-quarter, driven mainly by commercial segments. Management guides to 3%–5% organic loan growth for 2026.
Asset Quality Improvements
Nonperforming assets to total assets fell to an all-time low of 60 basis points. Allowance for credit losses increased modestly to $249 million (1.9% of loans) to reflect portfolio growth; net charge-offs held steady at 63 basis points of average loans for the quarter.
Investment Portfolio Reinvestment Upside
Management expects ~$848 million of securities cash flows in 2026 (average yield ~1.65%) available for reinvestment; investment income increased $4 million in the quarter with a 33-basis-point improvement in investment yields, expected to boost margin by ~2–3 basis points per quarter in 2026.
Revenue Diversification and Fee Income
Other income rose $3.5 million quarter-over-quarter, led by a $1.8 million gain from purchase tax credits and a $1.6 million increase in mortgage banking and card processing fees tied to volumes.
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 |
|---|---|---|---|
Jan 27, 2026 | $20.89 | $21.98 | +5.22% |
Oct 23, 2025 | $20.34 | $19.80 | -2.63% |
Jul 22, 2025 | $21.49 | $20.97 | -2.42% |
Apr 24, 2025 | $19.06 | $19.08 | +0.10% |
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 Apr 23, 2026, Before Open (Confirmed).
What is First Bancorp Puerto Rico (FBP) earnings time?
First Bancorp Puerto Rico (FBP) earnings time is at Apr 23, 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 (Q1) is 0.51.