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FBNCBullishResearch Analysisnews
High materiality8/10

First BanCorp.: Raising The Earnings Estimate And Upgrading To Buy

Sep 13, 2024, 1:15 AM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

FBNC's earnings estimate raised to $1.83 for 2024, up 7%. Loan growth forecasted at mid-single digits amid economic challenges. Net interest margin expected to improve further before facing downward pressure. Risks from local economic downturn and hurricanes remain significant. Dividend yield projected at 3.2% with no expected increase.

  • FBNC's earnings estimate raised to $1.83 for 2024, up 7%.
  • Loan growth forecasted at mid-single digits amid economic challenges.
  • Net interest margin expected to improve further before facing downward pressure.
  • Risks from local economic downturn and hurricanes remain significant.
  • Dividend yield projected at 3.2% with no expected increase.

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