First BanCorp. (FBP) Projected to Release Quarterly Earnings on Thursday

First BanCorp. (NYSE:FBP) is expected to be announcing its Q3 2026 results before the market opens on Thursday, October 22nd. Analysts expect First BanCorp. to announce earnings of $0.5880 per share and revenue of $274.32 million for the quarter. Interested persons can find conference call details on the company’s upcoming Q3 2026 earnings report page for the latest details on the call scheduled for Thursday, October 22, 2026 at 10:00 AM ET.

First BanCorp. (NYSE:FBP) last issued its quarterly earnings results on Wednesday, July 22nd. The bank reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.08. First BanCorp. had a return on equity of 18.03% and a net margin of 29.24%. The company had revenue of $264.86 million during the quarter, compared to analysts’ expectations of $265.31 million. On average, analysts expect First BanCorp. to post $2.40 EPS for the current fiscal year and $2.61 EPS for the next fiscal year.

First BanCorp. Price Performance

Shares of FBP opened at $27.59 on Wednesday. The business has a 50-day moving average of $27.68 and a 200-day moving average of $26.15. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 12.06, a price-to-earnings-growth ratio of 1.03 and a beta of 0.84. First BanCorp. has a 1 year low of $19.16 and a 1 year high of $29.88.

Insiders Place Their Bets

In other news, Director Roberto R. Herencia sold 26,350 shares of First BanCorp. stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $28.48, for a total value of $750,448.00. Following the completion of the transaction, the director directly owned 610,669 shares of the company’s stock, valued at approximately $17,391,853.12. This trade represents a 4.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Nayda Rivera sold 10,000 shares of First BanCorp. stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $28.19, for a total value of $281,900.00. Following the completion of the transaction, the executive vice president directly owned 230,398 shares of the company’s stock, valued at approximately $6,494,919.62. This trade represents a 4.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 46,350 shares of company stock worth $1,328,248 in the last ninety days. Insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on FBP shares. Wells Fargo & Company reduced their target price on First BanCorp. from $33.00 to $32.00 and set an “overweight” rating on the stock in a report on Tuesday, September 29th. Truist Financial raised their price target on shares of First BanCorp. from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Monday, July 13th. Raymond James Financial lowered shares of First BanCorp. from a “strong-buy” rating to a “moderate buy” rating in a report on Tuesday, October 6th. Weiss Ratings restated a “buy (a-)” rating on shares of First BanCorp. in a research report on Thursday, August 27th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of First BanCorp. from $27.00 to $31.00 and gave the company a “market perform” rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $29.86.

About First BanCorp.

First BanCorp. is a bank holding company headquartered in San Juan, Puerto Rico. Its principal subsidiary, FirstBank Puerto Rico, provides a broad range of financial products and services to individuals, businesses and government-related entities. The company’s offerings include consumer and commercial lending, residential mortgages, deposit accounts, cash-management services, credit cards, electronic banking and other financial solutions.

FirstBank serves customers through a network of branches, automated teller machines and digital banking channels.