First BanCorp: Q2 Earnings Insights

Shares of First BanCorp FBP rose 7.6% after the company reported Q2 results.

Quarterly Results

Earnings per share fell 44.44% year over year to $0.10, which beat the estimate of $0.06.

Revenue of $135,210,000 declined by 5.15% from the same period last year, which missed the estimate of $139,410,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

First BanCorp hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Jul 28, 2020

Time: 10:00 AM

ET Webcast URL: https://services.choruscall.com/links/fbp200728.html

Price Action

Company's 52-week high was at $11.10

52-week low: $3.50

Price action over last quarter: Up 5.90%

Company Overview

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 centers. Geographically, it derives a majority of revenue from Puerto Rico.