First Bancorp | 10-Q: FY2025 Q2 EPS: USD 1.35

EPS: As of FY2025 Q2, the actual value is USD 1.35.

Segment Revenue

• Interest Income: $78,534,000 for the six months ended June 30, 2025, compared to $71,546,000 for the same period in 2024.
• Interest Expense: $42,326,000 for the six months ended June 30, 2025, compared to $41,591,000 for the same period in 2024.

Operational Metrics

• Net Interest Income: $36,208,000 for the six months ended June 30, 2025, compared to $29,955,000 for the same period in 2024.
• Net Income: $15,140,000 for the six months ended June 30, 2025, compared to $12,192,000 for the same period in 2024.
• Non-Interest Income: $8,131,000 for the six months ended June 30, 2025, compared to $7,797,000 for the same period in 2024.
• Non-Interest Expense: $25,043,000 for the six months ended June 30, 2025, compared to $23,011,000 for the same period in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: $9,547,000 for the six months ended June 30, 2025, compared to $4,881,000 for the same period in 2024.
• Net Cash Used by Investing Activities: -$31,934,000 for the six months ended June 30, 2025, compared to -$140,685,000 for the same period in 2024.
• Net Cash Provided by Financing Activities: $22,111,000 for the six months ended June 30, 2025, compared to $131,678,000 for the same period in 2024.

Unique Metrics

• Allowance for Credit Losses/Total Loans: 1.04% as of June 30, 2025, compared to 1.10% as of June 30, 2024.
• Non-Performing Loans to Total Loans: 0.25% as of June 30, 2025, compared to 0.11% as of June 30, 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to continue monitoring the performance of loans modified to borrowers experiencing financial difficulty to understand the effectiveness of its modification efforts.
• Non-Core Business: The company has not indicated any specific plans related to divestitures or emerging segments in the report.