First BanCorp. Announces Earnings for the Quarter Ended March 31, 2024
First BanCorp. New (FBP)
Last first bancorp. new earnings: 4/30 07:30 am
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US:NYSE Investor Relations:
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Source: Business Wire
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp. (the “Corporation” or “First BanCorp.”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico (“FirstBank” or “the Bank”), today reported a net income of $73.5 million, or $0.44 per diluted share, for the first quarter of 2024, compared to $79.5 million, or $0.46 per diluted share, for the fourth quarter of 2023, and $70.7 million, or $0.39 per diluted share, for the first quarter of 2023.Aurelio Alemán, President and Chief Executive Officer of First BanCorp., commented: “We continue to successfully navigate the challenging interest rate cycle delivering another quarter of strong operating results. Consistent with our guidance, we grew the loan portfolio for the ninth consecutive quarter, prudently managed our expense base, sustained our profitability profile, and returned over 100% of earnings in the form of buybacks and dividends during the first quarter. Core deposit balances stabilized during the quarter although
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News
- Why First Bancorp (FBP) is a Top Dividend Stock for Your Portfolio [Yahoo! Finance]Yahoo! Finance
- First BanCorp. Declares Quarterly Cash Dividend on Common Stock [Yahoo! Finance]Yahoo! Finance
- First BanCorp. Declares Quarterly Cash Dividend on Common StockBusiness Wire
- First BanCorp. (NYSE: FBP) had its price target raised by analysts at Keefe, Bruyette & Woods from $19.00 to $21.00. They now have an "outperform" rating on the stock.MarketBeat
- Analysts Estimate First Bancorp (FBP) to Report a Decline in Earnings: What to Look Out for [Yahoo! Finance]Yahoo! Finance
FBP
Earnings
- 4/23/24 - Beat
FBP
Sec Filings
- 5/3/24 - Form 4
- 4/23/24 - Form 8-K
- 4/22/24 - Form 4/A
- FBP's page on the SEC website