First Bank Q2 FY26 net income rises 6.05% to $10.9 million; loans climb 8.3% annualized to $3.37 billion

Reuters2026/07/23 20:57

By:Reuters

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First Bank posted second-quarter 2026 net income of $10.9 million, up 6.05% from a year earlier; diluted EPS rose to $0.43.
Net interest income climbed 2.35% to $34.8 million; net interest margin narrowed 1 basis point from Q1 to 3.68%.
Credit loss expense dropped to $2.2 million from $5.6 million in Q1; nonperforming assets rose to $32.7 million at June 30.
Loans grew to $3.37 billion, up $68 million from March 31; deposits increased to $3.32 billion, up $96.2 million.
CEO Patrick L. Ryan cited stronger pre-provision net revenue and tighter expense management, with the efficiency ratio improving to 54.52%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Bank published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607231635PRIMZONEFULLFEED9767413) on July 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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First Bank Q2 FY26 net income rises 6.05% to $10.9 million; loans climb 8.3% annualized to $3.37 billion

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