Core Viewpoint - First Bancorp (FBP) is anticipated to report a year-over-year decline in earnings despite an increase in revenues for the quarter ended March 2025, with actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The earnings report is scheduled for release on April 24, 2025, with expectations of quarterly earnings at $0.43 per share, reflecting a year-over-year decrease of 2.3%. Revenues are projected to be $240.31 million, which is a 4.3% increase from the previous year [3][2]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating that analysts have not significantly altered their initial projections during this period [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for First Bancorp is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -0.77%, suggesting a bearish outlook from analysts [10][11]. Historical Performance - In the last reported quarter, First Bancorp exceeded the expected earnings of $0.41 per share by delivering $0.46, resulting in a positive surprise of 12.20%. Over the last four quarters, the company has consistently beaten consensus EPS estimates [12][13]. Industry Comparison - In comparison, Popular (BPOP), another player in the Southeast banking industry, is expected to report earnings of $2.26 per share for the same quarter, indicating a year-over-year increase of 20.9%, with revenues projected at $756.11 million, up 5.8% from the previous year [17].
Earnings Preview: First Bancorp (FBP) Q1 Earnings Expected to Decline