First Bancorp Q3 2026: net income rises, net interest margin reaches 3.75%
First Bancorp reported Q3 net income of $51.3 million and EPS of $1.24. Net interest income rose to $114.8 million and NIM expanded to 3.75%.
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what happened
According to TradingView, citing a First Bancorp press release distributed by PR Newswire, the bank's unaudited net income for the third quarter of 2026 came to $51.3 million, or $1.24 per diluted share. In the second quarter the figures were $50.5 million and $1.22.
Net interest income climbed to $114.8 million, and the net interest margin (NIM) widened to 3.75%, up 4 basis points from the prior quarter. Loans reached $9.1 billion, growing 5.1% on an annualized basis. The efficiency ratio stood at 49.09%, and net charge-offs were 0.09% annualized.
why it matters
The report points to a continued recovery in the bank's margin while credit losses stay low. For investors, the key question is whether it can keep expanding NIM with stable deposit costs and close the Carolina Bank deal without higher expenses.
market impact
US regional banks: stronger margin and low charge-offs support earnings for the sector
tags
instruments
sources
- First Bancorp (FBP) Q3 EPS $1.24; NIM Expands to 3.75% — TradingView, 21 October 2026 at 20:05 UTC
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