Puerto Rico's First BanCorp Q4 net income rises yr/yr

First Bancorp

27/01/2026 12:08

Overview

Puerto Rico bank's Q4 net income fell from Q3 but rose yr/yr

Net interest income for Q4 rose to $222.8 mln

Company's total loans grew 3% in 2025, slightly below expectations

Outlook

Company sees broadly constructive economic backdrop going into 2026

First BanCorp remains committed to 2026 targets for sustainable growth

Result Drivers

NET INTEREST INCOME - Increased due to strategic deployment of cash flows into higher-yielding assets and reduced interest expenses

NON-INTEREST INCOME - Rise attributed to gains from income tax credits and increased mortgage banking activities

NON-INTEREST EXPENSES - Rose due to increased employee compensation and business promotion costs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
$0.55
Q4 Net Income
$87.10 mln
Q4 Net Interest Income
$222.77 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for First BanCorp is $24.00, about 14.9% above its January 26 closing price of $20.89

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nBw4JnxWBa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)