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Stock impact report

First BanCorp. Announces Earnings for the Quarter and Year Ended December 31, 2023 [Yahoo! Finance]

First BanCorp. New (FBP) 
Last first bancorp. new earnings: 4/30 07:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Net income of $302.9 million, or $1.71 per diluted share, for the year ended December 31, 2023, compared to $305.1 million, or $1.59 per diluted share, for the year ended December 31, 2022. Net income for the quarter and year ended December 31, 2023 included a one-time Federal Deposit Insurance Corporation ("FDIC") special assessment expense of $6.3 million ($3.9 million after-tax, or a decrease of $0.03 per diluted share). Return on average assets for the fourth quarter of 2023 was 1.70%, compared to 1.72% for the third quarter of 2023. Return on average assets for the year ended December 31, 2023 was 1.62%, compared to 1.57% for the year ended December 31, 2022. Income before income taxes of $84.9 million for the fourth quarter of 2023, compared to $109.0 million for the third quarter of 2023. Income before income taxes of $397.4 million for the year ended December 31, 2023, compared to $447.6 million for the year ended December 31, 2022. On a non-GAAP basis, adjusted pre-tax, Show less Read more
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