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Market Overview

Recap: First BanCorp Q4 Earnings

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Shares of First BanCorp (NYSE:FBP) were unchanged after the company reported Q4 results.

Quarterly Results

Earnings per share were up 42.11% year over year to $0.27, which beat the estimate of $0.21.

Revenue of $177,767,000 up by 27.04% year over year, which missed the estimate of $180,120,000.

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.

How To Listen To The Conference Call

Date: Jan 29, 2021

Time: 10:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/fbp/mediaframe/43086/indexr.html

Technicals

Company's 52-week high was at $10.46

Company's 52-week low was at $3.50

Price action over last quarter: Up 41.47%

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

 

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Posted-In: BZI-RecapsEarnings News

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