First Bancorp's Q3 net income up 20%, NIM expands

First Bancorp

22/10/2025 21:33

Overview

First Bancorp Q3 net income rises 20% yr/yr to $9.1 mln

Net interest margin expands to 2.70%, up 38 basis points from Q3 2024

Company reports $139.5 mln growth in non-maturity deposits

Outlook

Company did not provide specific guidance for future quarters in press release

Result Drivers

NET INTEREST MARGIN - Expansion to 2.70% driven by enhanced earning asset yields and reduced funding costs

DEPOSIT GROWTH - Non-maturity deposits increased by $139.5 mln, replacing higher-cost wholesale deposits

ASSET QUALITY - Overall asset quality remains favorable with a low ratio of non-performing assets

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 EPS
$0.81
Q3 Net Income
$9.08 mln
Q3 Basic EPS
$0.82


Press Release: ID:nBw1WVn4Ba

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)