First Bancorp (FBP) Q4 Earnings: Wall Street’s Key Projections Unveiled

Analysts expect First Bancorp to report a decline in earnings but a slight revenue increase in Q4

First Bancorp (FBP) Q4 Earnings: Wall Street’s Key Projections Unveiled
First Bancorp (FBP) Q4 Earnings: Wall Street’s Key Projections Unveiled

San Juan: Wall Street analysts are predicting that First Bancorp (FBP) will announce earnings of $0.41 per share for the upcoming quarter. This would be a drop of about 16.3% compared to last year. On the revenue side, they expect around $235.57 million, which is a modest increase of 2.3% from the same quarter last year.

Interestingly, the earnings per share estimate hasn’t changed in the last month. This shows that analysts have been pretty consistent in their outlook for the company.

Before earnings are released, it’s crucial to consider any shifts in projections. These changes can really influence how investors react to the stock. Studies have shown that earnings estimate trends often correlate with short-term stock price movements.

While many investors look at overall earnings and revenue estimates, digging into specific metrics can provide deeper insights. So, let’s check out what analysts are forecasting for First Bancorp.

For instance, they expect the efficiency ratio to hit 52.4%, which is an improvement from last year’s 55%. The net interest margin is projected to be 4.4%, up from 4.2% in the same quarter last year.

Analysts also believe that the average balance of total interest-earning assets will reach $18.92 billion, slightly up from $18.84 billion a year ago. However, they predict that total non-interest income will drop to $32.87 million, down from $33.61 million last year.

In the past month, First Bancorp shares have risen by 6%, while the S&P 500 has dipped by 2.1%. With a Zacks Rank of #2 (Buy), FBP is expected to outperform the market soon.

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