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First BanCorp (FBP) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
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First BanCorp (FBP - Free Report) reported $264.86 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 7.3%. EPS of $0.62 for the same period compares to $0.50 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $263.6 million, representing a surprise of +0.48%. The company delivered an EPS surprise of +14.82%, with the consensus EPS estimate being $0.54.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how First BanCorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Efficiency ratio: 48.1% versus 48.4% estimated by two analysts on average.
Net charge-offs (annualized) to average loans: 0.5% versus the two-analyst average estimate of 0.7%.
Net Interest Margin: 4.9% compared to the 5% average estimate based on two analysts.
Total Interest-Earning Assets - Average Balance: $18.87 billion compared to the $18.96 billion average estimate based on two analysts.
Card and processing income: $12.51 million compared to the $11.94 million average estimate based on two analysts.
Net interest income on a tax-equivalent basis and excluding valuations: $243.81 million versus $237.71 million estimated by two analysts on average.
Service charges and fees on deposit accounts: $9.89 million compared to the $9.82 million average estimate based on two analysts.
Total non-interest income: $35.73 million compared to the $32.35 million average estimate based on two analysts.
Mortgage banking activities: $3.73 million compared to the $3.87 million average estimate based on two analysts.
Shares of First BanCorp have returned +5.4% over the past month versus the Zacks S&P 500 composite's +0.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
View the Zacks #1 Rank List
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First BanCorp (FBP) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
First BanCorp (FBP - Free Report) reported $264.86 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 7.3%. EPS of $0.62 for the same period compares to $0.50 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $263.6 million, representing a surprise of +0.48%. The company delivered an EPS surprise of +14.82%, with the consensus EPS estimate being $0.54.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how First BanCorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for First BanCorp here>>>
Shares of First BanCorp have returned +5.4% over the past month versus the Zacks S&P 500 composite's +0.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.