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- 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.
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