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Posted by
Two Blokes Jul 10 -
Filed in
Stock
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6 views
First BanCorp offers an attractive entry point, with near-term NIM tailwinds and stable asset quality supporting a buy rating, despite geographic concentration risks. Recent results show strong NII growth, improved efficiency ratio, and deposit resilience, offsetting modest loan book contraction and a one-off NPA increase. Ongoing asset repricing should drive further NIM expansion and higher ROE, enhancing profitability as efficiency initiatives take hold.
