Overview

* First Bancorp Q3 net income rises 20% yr/yr to $9.1 mln

* Net interest margin expands to 2.70%, up 38 basis points from Q3 2024

* Company reports $139.5 mln growth in non-maturity deposits

Outlook

* Company did not provide specific guidance for future quarters in press release

Result Drivers

* NET INTEREST MARGIN - Expansion to 2.70% driven by enhanced earning asset yields and reduced funding costs

* DEPOSIT GROWTH - Non-maturity deposits increased by $139.5 mln, replacing higher-cost wholesale deposits

* ASSET QUALITY - Overall asset quality remains favorable with a low ratio of non-performing assets

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.81

Q3 Net $9.08

Income mln

Q3 Basic $0.82

EPS

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)