First Bancorp's net interest income climbed to $114.8M in 2026Q3, up 12.0% year over year, with the efficiency ratio improving to 49.3% from levels above 60% in 2024, suggesting operating leverage is developing as the balance sheet expands to $13.2B in total assets.
Price trend, volume and key moving averages
Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 21, 2026 | $1.24+5.1% vs $1.18 | $130M-0.1% vs $130M |
Q3 2026 Jul 22, 2026 | $1.22+6.1% vs $1.15 | $127M+1.0% vs $126M |
Q2 2026 Apr 22, 2026 | $1.13+3.7% vs $1.09 | $122M-0.7% vs $123M |
Q1 2026 Jan 21, 2026 | $0.38-63.1% vs $1.03 | $84M-31.5% vs $122M |
First BanCorp. NYSE: FBP reported third-quarter net income of $96.1 million, or $0.63 per share, as stable credit quality and commercial loan growth helped offset softer net interest income, lower non-interest income and higher operating expenses.
Although the revenue and EPS for First Bancorp (FBNC) give a sense of how its business performed in the quarter ended September 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
First Bancorp (FBNC) came out with quarterly earnings of $1.24 per share, beating the Zacks Consensus Estimate of $1.18 per share. This compares to earnings of $1.01 per share a year ago.
Third Quarter 2026 Financial Data (Dollars in 000s, except per share data) Q3-2026 Q2-2026 Q3-2025 Summary Income Statement Total interest income $ 153,979 $ 148,315 $ 144,233 Total interest expense 39,182 37,049 41,711 Net interest income 114,797 111,266 102,522 Provision for credit losses 1,300 1,169 3,442 Noninterest income 15,117 16,034 (12,952) Noninterest expenses 63,991 62,761 60,171 Income tax expense 13,347 12,851 5,594 Net income $ 51,276 $ 50,519 $ 20,363 Key Metrics Diluted EPS $ 1.24 $ 1.22 $ 0.49 Adjusted diluted EPS (1) 1.24 1.22 1.01 Book value per share 41.38 41.49 38.67 Tangible book value per share 29.77 29.84 26.98 ROA 1.55 % 1.56 % 0.64 % Adjusted ROA (1) 1.56 % 1.56 % 1.31 % ROCE 11.71 % 11.89 % 5.14 % Adjusted ROCE (1) 11.79 % 11.89 % 10.55 % ROTCE 16.48 % 16.88 % 7.83 % Adjusted ROTCE (1) 16.59 % 16.88 % 15.66 % NIM 3.75 % 3.71 % 3.46 % NIM- T/E 3.76 % 3.73 % 3.47 % Efficiency ratio 49.09 % 49.12 % 66.92 % Quarterly NCO ratio 0.09 % 0.04 % 0.14 % ACL ratio 1.36 % 1.39 % 1.44 % Capital Ratios (2) Tangible common equity to tangible assets 9.73 % 9.83 % 9.12 % Common equity tier I capital ratio 14.26 % 14.09 % 14.35 % Total risk-based capital ratio 16.22 % 16.06 % 16.58 % (1) Q3-2026 adjusted to exclude impact of merger expenses of $0.5 million (after tax $0.3 million). Q3-2025 adjusted to exclude impact of securities loss of $27.9 million (after tax $21.4 million) See Appendices D, E, F, G and I.
Benchmark FBNC against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for First Bancorp (FBNC)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $64.60 | $2.67B | 16.29 | 11.72% | 51.26% | 9.7% | 1.4% | |
| $23.34 | $3.39B | 13.00 | -86.6% | 27.54% | 7.61% | 3.66% | |
| $29.86 | $6.01B | 12.16 | -3.54% | 43.71% | 10.95% | 2.69% | |
| $30.41 | $4.36B | 15.02 | 16.23% | 42.9% | 15.14% | 2.43% | |
| $48.22 | $6.64B | 12.88 | 20.13% | 41.28% | 9.37% | 3.07% | |
| $52.83 | $2.75B | 12.68 | 14.54% | 28.98% | 11.31% | 2.7% |
First Bancorp (FBNC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
First Bancorp (FBNC) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 21, 2026·SEC
Jul 22, 2026·SEC
Jul 14, 2026·SEC
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First Bancorp (FBNC) stock FAQ — growth, dividends, profitability & financials explained
First Bancorp (FBNC) revenue fell by 12.0% over the trailing twelve months, compared with the twelve months before.
Yes. First Bancorp (FBNC) earned $164.2M in net income over the trailing twelve months (a 51.3% net margin).
Yes. First Bancorp (FBNC) pays a dividend that yields 1.40% at the current price, a moderate yield.
First Bancorp (FBNC) had a return on equity (ROE) of 9.7% over the trailing twelve months. That is below the market's typical 10-15%.
First Bancorp (FBNC) has a net interest margin (NIM) of 3.1%. This indicates healthy earnings from lending activities.
First Bancorp (FBNC) has an efficiency ratio of 61.6%. This is reasonable for a bank.
