First Bancorp Q4 Tangible Book Value Per Share Reaches $28.23
Tangible book value per share was $28.23 from $26.98 at previous quarter end. Q4 common equity tier I capital ratio was 14.06% vs. 14.35% in Q3. Q4 NIM was 3.58% vs. 3.46% in Q3 and 3.05% a year ago. CEO Richard Moore stated "First Bancorp closed 2025 with strong momentum, highlighted by a 51 basis-point expansion in net interest margin for the year, solid loan growth and continued expense discipline. During the quarter we grew loans at an annualized rate of more than 14% and our earnings continued to benefit from rising asset yields as higher-yielding assets replaced lower-yielding COVID-era assets. Our liquidity, capital and credit quality remain strong and we are very pleased with the Bank's performance and its accelerating momentum as we move into 2026."
