Core Insights - First Bancorp reported revenue of $241.47 million for the quarter ended December 2024, reflecting a year-over-year increase of 4.9% and a surprise of +2.50% over the Zacks Consensus Estimate of $235.57 million [1] - The earnings per share (EPS) for the quarter was $0.46, down from $0.49 in the same quarter last year, with an EPS surprise of +12.20% compared to the consensus estimate of $0.41 [1] Financial Performance Metrics - The efficiency ratio was reported at 51.6%, better than the two-analyst average estimate of 52.4% [4] - Total interest-earning assets averaged $19.18 billion, exceeding the $18.92 billion average estimate from two analysts [4] - The net interest margin was 4.3%, slightly below the two-analyst average estimate of 4.4% [4] - Net interest income on a tax-equivalent basis, excluding valuations, was $214.49 million, surpassing the average estimate of $207.59 million [4] - Total non-interest income was reported at $32.20 million, slightly below the average estimate of $32.87 million [4] Stock Performance - Shares of First Bancorp have returned +4.2% over the past month, outperforming the Zacks S&P 500 composite's +2.7% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]
Here's What Key Metrics Tell Us About First Bancorp (FBP) Q4 Earnings