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StocksUpdated×2•Originally published 27 April 2026•Updated 29 April 2026•

1 min read

First Financial and First BanCorp Upgraded Following Q1 Earnings Reports

Key Facts

1Raymond James upgraded First BanCorp. (FBP) to Strong Buy from Outperform following better-than-expected Q1 results.

2The bank's Q1 non-GAAP EPS was $0.57, surpassing expectations by $0.06.

3The company reported Q1 revenue of $258.65M, which aligned with market forecasts.

The regional banking sector saw positive momentum as Raymond James upgraded First BanCorp (FBP) to a Strong Buy following a net income rise to $88.8 million and EPS of $0.57. Similarly, First Financial Corporation (THFF) has been upgraded from Hold to Buy following its Q1 2026 financial results. THFF reported net interest income of $54.4 million with earnings per share reaching $1.67. Although THFF's revenue missed analyst expectations, the stock continues to trade at a price-to-earnings (P/E) ratio of 10.1x. These upgrades reflect broader analyst confidence in the profitability trajectories and balance sheet resilience of regional lenders. Both institutions demonstrate sustained financial strength, with FBP maintaining a return on average assets (ROAA) of 1.89%.

about 1 month ago

Version History

Version 2about 1 month ago

What changed: Updated the story to include the rating upgrade for First Financial Corporation (THFF) and its Q1 2026 financial metrics alongside the existing First BanCorp data.

Version 1about 1 month ago

What changed: Added specific profitability metrics including ROAA consistency, net income growth figures, and CEO commentary on year-over-year EPS growth.