Shares of First BanCorp FBP moved higher by 1.4% in pre-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share were up 1133.33% year over year to $0.31, which beat the estimate of $0.24.
Revenue of $176,265,000 rose by 27.13% year over year, which missed the estimate of $179,480,000.
Outlook
First BanCorp hasn't issued any earnings guidance for the time being.
First BanCorp hasn't issued any revenue guidance for the time being.
See also: Real Estate Investment Companies
Technicals
Company's 52-week high was at $12.59
Company's 52-week low was at $4.30
Price action over last quarter: Up 30.74%
Company Description
First BanCorp is a financial holding company. The company's operating segment includes Commercial and Corporate Banking; Mortgage Banking; Consumer (Retail) Banking; Treasury and Investments; United States Operations; and Virgin Islands Operations. It generates maximum revenue from the Consumer (Retail) Banking segment. The Consumer (Retail) Banking segment consists of the Corporation's consumer lending and deposit-taking activities conducted mainly through its branch network and loan centres. Geographically, it derives a majority of revenue from Puerto Rico.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.