FBP First Bancorp

First BanCorp (NYSE: FBP) announced it will report its financial results for the fourth quarter ended December 31, 2025, before market open on January 27, 2026. A conference call and live webcast will be held at 10:00 AM Eastern Time on the same day to discuss the results, accessible via fbpinvestor.com or a dial-in telephone number. A replay will be available until February 26, 2026, and the webcast archived until January 27, 2027.

First Trust Advisors LP increased its stake in First BanCorp. (NYSE:FBP) by 180,848 shares, bringing its total holding to over 4 million shares valued at approximately $84.55 million. This purchase boosts their ownership to about 2.53% of the bank's stock. Other institutional investors also adjusted their positions, and First BanCorp. recently reported Q3 earnings that beat estimates, declared a quarterly dividend, and holds a "Moderate Buy" consensus rating from analysts.

Norges Bank has initiated a new position in First BanCorp. (FBP), purchasing 1,987,702 shares valued at approximately $41.40 million, giving it a 1.24% stake in the company. Institutional investors collectively own about 97.91% of the stock. First BanCorp. reported Q3 earnings of $0.51 per share, beating estimates, despite revenue of $248.7 million missing consensus, and has a "Moderate Buy" consensus rating with an average price target of $24.00.

KBRA has assigned senior unsecured debt rating of BBB, a subordinated debt rating of BBB-, and a short-term debt rating of K3 to First BanCorp. (NASDAQ: FBP). Its primary bank subsidiary, FirstBank Puerto Rico, received deposit and senior unsecured debt ratings of BBB+, a subordinated debt rating of BBB, and short-term deposit and debt ratings of K2. All long-term ratings have a Stable Outlook, reflecting FBP's strong Puerto Rico franchise, resilient net interest margin, durable capitalization, and improved risk management amidst a challenging economic environment.

First BanCorp reported mixed Q3 results with a 6% revenue increase but missed analyst forecasts for revenue and net interest income, despite exceeding EPS expectations. The bank's investment narrative is centered on Puerto Rico's economic recovery and growth in lending, with a new $200 million share repurchase program aiming to support earnings amid ongoing pressures on net interest margins from rising funding costs and deposit competition.

This article analyzes First BanCorp's (NYSE:FBP) Q3 earnings within the broader context of other regional banks, highlighting that revenue fell short of expectations despite a beat in EPS. It also reviews the performance of several other regional banks, including Customers Bancorp, The Bancorp, FB Financial, and S&T Bancorp, noting the strengths and weaknesses of their recent earnings reports. The piece concludes with a brief market update discussing the economic impact of Fed rate cuts and the recent presidential election.