First Bancorp: 4Q Earnings Snapshot

Associated Press
Updated 1 min read
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SAN JUAN, Puerto Rico (AP) _ First Bancorp (FBP) on Friday reported fourth-quarter net income of $49.5 million.

The San Juan, Puerto Rico-based bank said it had earnings of 23 cents per share. Earnings, adjusted for one-time gains and costs, came to 27 cents per share.

The holding company for FirstBank Puerto Rico posted revenue of $228.9 million in the period. Its revenue net of interest expense was $208 million, which beat Street forecasts.

For the year, the company reported profit of $99.6 million, or 46 cents per share. Revenue was reported as $711.5 million.

First Bancorp shares have increased slightly more than 4% since the beginning of the year. The stock has fallen slightly in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FBP at https://www.zacks.com/ap/FBP

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