First BanCorp, Popular, ConnectOne report Q3 2026 earnings results

First BanCorp reported a net income of $96.1 million for the third quarter of 2026, maintaining a flat performance sequentially. The company experienced a 3.3% annualized loan growth driven by broad-based expansion, particularly in commercial and industrial segments, according to an earnings call transcript reported by AOL.

Diluted earnings per share for First BanCorp were $0.63, benefiting from the repurchase of 1.7 million shares during the quarter. The net interest margin decreased by 14 basis points to 4.73% due to higher funding costs and the absence of one-time purchase discount accelerations. The bank's Common Equity Tier 1 Capital Ratio stood at 16.91%, providing flexibility for future growth and capital return initiatives.

Popular reported a 26% increase in net income to $266 million for the same period, driven by a strengthening labor market in Puerto Rico. Diluted earnings per share rose 34% to $4.21. Net interest income increased to $699 million, supported by higher income from investment securities and commercial loans, AOL reported.

Popular's net interest margin declined slightly by three basis points to 3.63% on a GAAP basis, attributed to higher interest expenses on deposits. Total deposits decreased by $1.5 billion to $68.7 billion, mainly due to lower Puerto Rico public sector balances, which are expected to remain stable for the rest of the year.

ConnectOne improved profitability in the third quarter through margin expansion and a $750 million loan sale, as reported by Motley Fool. Details on net income or other financial metrics were not provided in the source.

These earnings reports reflect varied performance across these financial institutions, with loan growth and cost management supporting First BanCorp, labor market strength boosting Popular, and strategic asset sales aiding ConnectOne.