First Bancorp reported better-than-expected revenue for the second quarter of 2026, with sales rising 30.5% year on year to $127.3 million. The regional banking company's GAAP profit of $1.22 per share beat analysts' consensus estimates by 6.3%. Net interest income came in at $111.3 million, exceeding estimates by 1.3%, while the net interest margin of 3.7% was in line with expectations. Tangible book value per share reached $29.84, reflecting 17% year-on-year growth and matching analyst forecasts. The stock remained flat at $62.60 immediately after the announcement.
First BancorpBetter-than-expected Q2 revenue and EPS beat consensus estimates
First Bancorp IncBetter-than-expected Q2 revenue and EPS beat consensus estimates