First BanCorp Stock (NYSE:FBP), Trade Ideas

First BanCorp

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 generates majority revenue, which 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.

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CCBG

Capital City Bank (NASDAQ: CCBG) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.88 per share a year ago. These figures are adjusted for non-recurring items.

Capital City Bank Q1 Earnings Beat Estimates

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Keefe, Bruyette &amp; Woods analyst Kelly Motta maintains First BanCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBP#NYSE">FBP</a>) with a Outperform and raises the price target from $19 to $21.

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Keefe, Bruyette & Woods Maintains Outperform on First BanCorp, Raises Price Target to $21

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First BanCorp. shares are trading higher following Q1 earnings.

First BanCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBP#NYSE">FBP</a>) reported quarterly earnings of $0.44 per share which beat the analyst consensus estimate of $0.37 by 18.92 percent. This is a 12.82 percent increase over earnings of $0.39 per share from the same period last year. The company reported quarterly sales of $196.520 million which missed the analyst consensus estimate of $205.777 million by 4.50 percent. This is a 2.17 percent decrease over sales of $200.885 million the same period last year.

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First BanCorp Q1 2024 Adj EPS $0.44 Beats $0.37 Estimate, Sales $196.520M Miss $205.777M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) is expected to report quarterly earnings at $1.23 per share on revenue of $18.41 billion.
&bull; MSCI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>) is expected to report quarterly earnings at $3.45 per share on revenue of $684.13 million.
&bull; Quest Diagnostics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DGX#NYSE">DGX</a>) is expected to report quarterly earnings at $1.85 per share on revenue of $2.29 billion.
&bull; Community Bank System (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBU#NYSE">CBU</a>) is expected to report quarterly earnings at $0.78 per share on revenue of $176.83 million.
&bull; Herc Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HRI#NYSE">HRI</a>) is estimated to report quarterly earnings at $2.15 per share on revenue of $782.85 million.
&bull; JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) is expected to report quarterly loss at $0.52 per share on revenue of $2.20 billion.
&bull; General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) is expected to report quarterly earnings at $2.14 per share on revenue of $41.88 billion.
&bull; GE Aero (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>) is estimated to report quarterly earnings at $0.65 per share on revenue of $15.34 billion.
&bull; Spotify Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) is projected to report quarterly earnings at $0.70 per share on revenue of $3.85 billion.
&bull; United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) is projected to report quarterly earnings at $1.30 per share on revenue of $21.87 billion.
&bull; Banc of California (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BANC#NYSE">BANC</a>) is projected to report quarterly earnings at $0.22 per share on revenue of $259.77 million.
&bull; Polaris (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PII#NYSE">PII</a>) is estimated to report quarterly earnings at $0.06 per share on revenue of $1.75 billion.
&bull; PepsiCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) is projected to report quarterly earnings at $1.52 per share on revenue of $18.08 billion.
&bull; Kiniksa Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KNSA#NASDAQ">KNSA</a>) is expected to report quarterly loss at $0.18 per share on revenue of $79.61 million.
&bull; Xerox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) is projected to report quarterly earnings at $0.35 per share on revenue of $1.53 billion.
&bull; Sherwin-Williams (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) is likely to report quarterly earnings at $2.21 per share on revenue of $5.49 billion.
&bull; Dime Community Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCOM#NASDAQ">DCOM</a>) is projected to report quarterly earnings at $0.39 per share on revenue of $72.52 million.
&bull; Preferred Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFBC#NASDAQ">PFBC</a>) is projected to report quarterly earnings at $2.38 per share on revenue of $66.30 million.
&bull; Halliburton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) is estimated to report quarterly earnings at $0.74 per share on revenue of $5.67 billion.
&bull; Peoples Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEBO#NASDAQ">PEBO</a>) is estimated to report quarterly earnings at $0.80 per share on revenue of $109.74 million.
&bull; Pentair (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNR#NYSE">PNR</a>) is projected to report quarterly earnings at $0.90 per share on revenue of $1.01 billion.
&bull; WR Berkley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WRB#NYSE">WRB</a>) is expected to report quarterly earnings at $1.49 per share on revenue of $3.27 billion.
&bull; Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) is estimated to report quarterly earnings at $5.81 per share on revenue of $15.95 billion.
&bull; GATX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GATX#NYSE">GATX</a>) is estimated to report quarterly earnings at $1.76 per share on revenue of $375.80 million.
&bull; NextEra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>) is likely to report quarterly earnings at $0.73 per share on revenue of $5.92 billion.
&bull; Atlantic Union Bankshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AUB#NYSE">AUB</a>) is likely to report quarterly earnings at $0.72 per share on revenue of $181.92 million.
&bull; Invesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVZ#NYSE">IVZ</a>) is estimated to report quarterly earnings at $0.39 per share on revenue of $1.09 billion.
&bull; Fiserv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FI#NYSE">FI</a>) is likely to report quarterly earnings at $1.79 per share on revenue of $4.58 billion.
&bull; NextEra Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEP#NYSE">NEP</a>) is projected to report quarterly earnings at $0.21 per share on revenue of $331.80 million.
&bull; Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) is likely to report quarterly earnings at $0.30 per share on revenue of $5.23 billion.
&bull; Cambridge (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATC#NASDAQ">CATC</a>) is expected to report quarterly earnings at $1.01 per share on revenue of $38.05 million.
&bull; Webster Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WBS#NYSE">WBS</a>) is projected to report quarterly earnings at $1.42 per share on revenue of $618.43 million.
&bull; Option Care Health (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPCH#NASDAQ">OPCH</a>) is projected to report quarterly earnings at $0.23 per share on revenue of $1.10 billion.
&bull; Kimberly-Clark (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMB#NYSE">KMB</a>) is likely to report quarterly earnings at $1.62 per share on revenue of $5.08 billion.
&bull; Old National (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONB#NASDAQ">ONB</a>) is projected to report quarterly earnings at $0.43 per share on revenue of $439.87 million.
&bull; First BanCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBP#NYSE">FBP</a>) is estimated to report quarterly earnings at $0.37 per share on revenue of $205.74 million.
&bull; First Commonwealth (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCF#NYSE">FCF</a>) is expected to report quarterly earnings at $0.36 per share on revenue of $119.93 million.
&bull; Sandy Spring Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SASR#NASDAQ">SASR</a>) is estimated to report quarterly earnings at $0.45 per share on revenue of $81.04 million.
&bull; Popular (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BPOP#NASDAQ">BPOP</a>) is expected to report quarterly earnings at $1.89 per share on revenue of $560.41 million.
&bull; Danaher (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>) is estimated to report quarterly earnings at $1.71 per share on revenue of $5.62 billion.
&bull; Philip Morris Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PM#NYSE">PM</a>) is likely to report quarterly earnings at $1.41 per share on revenue of $8.46 billion.
&bull; Ryder System (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/R#NYSE">R</a>) is estimated to report quarterly earnings at $1.71 per share on revenue of $3.06 billion.
&bull; LKQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>) is likely to report quarterly earnings at $0.95 per share on revenue of $3.77 billion.
&bull; PulteGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>) is expected to report quarterly earnings at $2.36 per share on revenue of $3.58 billion.
<h3>Companies Reporting After The Bell</h3>
&bull; Avangrid (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGR#NYSE">AGR</a>) is projected to report quarterly earnings at $0.73 per share on revenue of $2.63 billion.
&bull; Rush Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUSHB#NASDAQ">RUSHB</a>) is likely to report earnings for its first quarter.
&bull; Rush Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUSHA#NASDAQ">RUSHA</a>) is projected to report quarterly earnings at $0.82 per share on revenue of $1.88 billion.
&bull; AudioEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AEYE#NASDAQ">AEYE</a>) is likely to report quarterly loss at $0.08 per share on revenue of $8.03 million.
&bull; Stride (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LRN#NYSE">LRN</a>) is expected to report quarterly earnings at $1.43 per share on revenue of $507.18 million.
&bull; Zurn Elkay Water (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZWS#NYSE">ZWS</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $368.99 million.
&bull; Renasant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNST#NYSE">RNST</a>) is projected to report quarterly earnings at $0.62 per share on revenue of $163.60 million.
&bull; KKR Real Estate Finance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KREF#NYSE">KREF</a>) is expected to report quarterly earnings at $0.38 per share on revenue of $44.35 million.
&bull; Baker Hughes (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>) is expected to report quarterly earnings at $0.40 per share on revenue of $6.38 billion.
&bull; Enphase Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>) is likely to report quarterly earnings at $0.41 per share on revenue of $283.32 million.
&bull; Hanmi Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAFC#NASDAQ">HAFC</a>) is likely to report quarterly earnings at $0.52 per share on revenue of $59.03 million.
&bull; Matador Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTDR#NYSE">MTDR</a>) is likely to report quarterly earnings at $1.47 per share on revenue of $740.47 million.
&bull; Visa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>) is likely to report quarterly earnings at $2.43 per share on revenue of $8.62 billion.
&bull; Chubb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) is likely to report quarterly earnings at $5.34 per share on revenue of $10.29 billion.
&bull; Steel Dynamics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STLD#NASDAQ">STLD</a>) is estimated to report quarterly earnings at $3.43 per share on revenue of $4.73 billion.
&bull; Flushing Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIC#NASDAQ">FFIC</a>) is expected to report quarterly earnings at $0.14 per share on revenue of $48.29 million.
&bull; CoStar Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSGP#NASDAQ">CSGP</a>) is estimated to report quarterly earnings at $0.07 per share on revenue of $649.60 million.
&bull; Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) is projected to report quarterly earnings at $0.27 per share on revenue of $1.67 billion.
&bull; Hawaiian Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HA#NASDAQ">HA</a>) is projected to report quarterly loss at $2.62 per share on revenue of $628.95 million.
&bull; Vicor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VICR#NASDAQ">VICR</a>) is expected to report quarterly earnings at $0.11 per share on revenue of $84.83 million.
&bull; Veritex Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VBTX#NASDAQ">VBTX</a>) is projected to report quarterly earnings at $0.58 per share on revenue of $109.00 million.
&bull; Artisan Partners Asset (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APAM#NYSE">APAM</a>) is projected to report quarterly earnings at $0.73 per share on revenue of $265.60 million.
&bull; Enova International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENVA#NYSE">ENVA</a>) is expected to report quarterly earnings at $1.70 per share on revenue of $588.52 million.
&bull; Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is likely to report quarterly earnings at $0.51 per share on revenue of $21.27 billion.
&bull; EQT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQT#NYSE">EQT</a>) is likely to report quarterly earnings at $0.66 per share on revenue of $1.63 billion.
&bull; West Fraser Timber (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFG#NYSE">WFG</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $2.01 billion.
&bull; Agree Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADC#NYSE">ADC</a>) is likely to report quarterly earnings at $1.01 per share on revenue of $148.23 million.
&bull; Highwoods Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HIW#NYSE">HIW</a>) is projected to report quarterly earnings at $0.90 per share on revenue of $206.78 million.
&bull; Retail Opportunity (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROIC#NASDAQ">ROIC</a>) is likely to report quarterly earnings at $0.26 per share on revenue of $83.82 million.
&bull; Pebblebrook Hotel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEB#NYSE">PEB</a>) is likely to report quarterly earnings at $0.15 per share on revenue of $303.41 million.
&bull; Trustmark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMK#NASDAQ">TRMK</a>) is estimated to report quarterly earnings at $0.61 per share on revenue of $189.37 million.
&bull; Range Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RRC#NYSE">RRC</a>) is likely to report quarterly earnings at $0.61 per share on revenue of $695.20 million.
&bull; Mattel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAT#NASDAQ">MAT</a>) is expected to report quarterly loss at $0.13 per share on revenue of $831.06 million.
&bull; EastGroup Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGP#NYSE">EGP</a>) is expected to report quarterly earnings at $2.01 per share on revenue of $152.09 million.
&bull; Manhattan Associates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NASDAQ">MANH</a>) is likely to report quarterly earnings at $0.87 per share on revenue of $243.45 million.
&bull; QCR Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCRH#NASDAQ">QCRH</a>) is likely to report quarterly earnings at $1.30 per share on revenue of $58.85 million.
&bull; Wesbanco (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WSBC#NASDAQ">WSBC</a>) is estimated to report quarterly earnings at $0.55 per share on revenue of $116.64 million.
&bull; Premier Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFC#NASDAQ">PFC</a>) is likely to report quarterly earnings at $0.47 per share on revenue of $52.54 million.
&bull; Canadian National Railway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNI#NYSE">CNI</a>) is likely to report quarterly earnings at $1.28 per share on revenue of $3.14 billion.
&bull; Veralto (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLTO#NYSE">VLTO</a>) is expected to report quarterly earnings at $0.76 per share on revenue of $1.22 billion.
&bull; Equity Residential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQR#NYSE">EQR</a>) is projected to report quarterly earnings at $0.90 per share on revenue of $726.32 million.
&bull; Texas Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>) is projected to report quarterly earnings at $1.07 per share on revenue of $3.61 billion.
&bull; iShares Frontier and Select EM ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FM#NYSE">FM</a>) is expected to report quarterly loss at $0.06 per share on revenue of $1.06 billion.
&bull; IDEX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IEX#NYSE">IEX</a>) is estimated to report quarterly earnings at $1.75 per share on revenue of $806.94 million.
&bull; Weatherford International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WFRD#NASDAQ">WFRD</a>) is likely to report quarterly earnings at $1.44 per share on revenue of $1.33 billion.
&bull; Bank of N.T Butterfield (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NTB#NYSE">NTB</a>) is estimated to report quarterly earnings at $0.98 per share on revenue of $137.26 million.
&bull; First Busey (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BUSE#NASDAQ">BUSE</a>) is expected to report quarterly earnings at $0.49 per share on revenue of $109.21 million.
&bull; East West Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWBC#NASDAQ">EWBC</a>) is likely to report quarterly earnings at $1.99 per share on revenue of $577.70 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For April 23, 2024

Capital City Bank (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ccbg#NASDAQ">CCBG</a>) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.88 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 5.71%. A quarter ago, it was expected that this bank holding company would post earnings of $0.74 per share when it actually produced earnings of $0.70, delivering a surprise of -5.41%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Capital City Bank, which belongs to the Zacks Banks - Southeast industry, posted revenues of $56.45 million for the quarter ended March 2024, missing the Zacks Consensus Estimate by 0.87%. This compares to year-ago revenues of $62.64 million. The company has topped consensus revenue estimates just once over the last four quarters.
The sustainability of the stock&#39;s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management&#39;s commentary on the earnings call.
Capital City Bank shares have lost about 8% since the beginning of the year versus the S&amp;P 500&#39;s gain of 4.1%.
What&#39;s Next for Capital City Bank?
While Capital City Bank has underperformed the market so far this year, the question that comes to investors&#39; minds is: what&#39;s next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company&#39;s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Capital City Bank: mixed. While the magnitude and direction of estimate revisions could change following the company&#39;s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.72 on $57.75 million in revenues for the coming quarter and $2.87 on $231.6 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, First BanCorp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fbp#NYSE">FBP</a>), has yet to report results for the quarter ended March 2024. The results are expected to be released on April 23.
This holding company for FirstBank Puerto Rico is expected to post quarterly earnings of $0.38 per share in its upcoming report, which represents a year-over-year change of -2.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
First Bancorp&#39;s revenues are expected to be $229.19 million, down 1.8% from the year-ago quarter.
<a href="https://www.zacks.com/stock/news/2258971/capital-city-bank-ccbg-q1-earnings-beat-estimates?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_4-2258971">To read this article on Zacks.com click here.</a>

Wells Fargo analyst Timur Braziler maintains First BanCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBP#NYSE">FBP</a>) with a Equal-Weight and raises the price target from $16 to $18.

Wells Fargo Maintains Equal-Weight on First BanCorp, Raises Price Target to $18

Shares of major U.S. financial stocks, as represented by the Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>), surged to record highs, in the wake of the March Federal Open Market <a href="https://www.benzinga.com/topic/fomc">Committee (FOMC) meeting.</a> 
This rally was fueled by anticipations of stronger economic growth and a reduction in borrowing costs, potentially boosting loan <a href="https://www.benzinga.com/topic/banks">demands for U.S. banks.</a>
Equity analyst Ebrahim H. Poonawala from Bank of America highlighted the market&#8217;s optimistic outlook in a note on Thursday, noting the Fed&#8217;s projection of three 25 basis point rate cuts in 2024 and its &#8220;fairly soon&#8221; reference to the commencement of the quantitative tightening (QT) taper represent bullish signals for bank stocks.
Following the FOMC&#8217;s latest meeting and comments by Fed Chair Jerome Powell, regional bank stocks, as indicated by the SPDR Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>), witnessed a sharp increase of over 4%, and surged by a further 3% on Thursday&#8217;s morning trading. 
Chart: US Financial Stocks Soar To Record Highs Post-Fed Meeting 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="476" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/21101255/image-60-1024x476.png" alt="" class="wp-image-260811" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/21101255/image-60-1024x476.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/21101255/image-60-300x139.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/21101255/image-60-768x357.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/21101255/image-60-1536x714.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/21101255/image-60.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">A Shift In Market Sentiment: Toward A 1995 Scenario?</h3>
Poonawala&#8217;s analysis suggests that the increased confidence in a more lenient monetary policy has led markets to reassess the likelihood of tail risk events negatively impacting the economy. 
Instead, there&#8217;s a growing belief of &#8220;a 1995&nbsp;soft landing scenario for bank stocks,&#8221; where the sector could experience significant growth. 
Reflecting on history, the analysis recalled the year 1995, when bank stocks soared by 54% following a pause in Federal Reserve rate hikes, significantly outperforming the S&amp;P 500&#8217;s 34% gain.
<h3 class="wp-block-heading">Bank of America&#8217;s Bullish Outlook On Major Banks</h3>
The report further emphasized Bank of America&#8217;s continued positive stance on leading financial institutions such as Goldman Sachs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) and Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>), propelled by the expectation of an upturn in capital market activities. 
This optimistic view was reinforced by the stellar debut of Astera Labs Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>) and the high-end pricing of Reddit&#8216;s IPO, suggesting a favorable risk/reward scenario for Goldman Sachs and Morgan Stanley.
<h3 class="wp-block-heading">Potential For &#8216;Super-Regional Banks&#8217; To Narrow The Gap Versus Major Players</h3>
Despite potential challenges such as increasing regulatory pressures and commercial real estate concerns, there appears to be room for regional banks to reduce the valuation gap with their Global Systemically Important Banks (GSIB) counterparts. 
Bank of America highlighted that super-regional banks – an elite group represented by U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>), Truist Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>), Western Alliance Bancorporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>), Synovus Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNV#NYSE">SNV</a>), F.N.B. Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNB#NYSE">FNB</a>), First Bancorp. New (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBP#NYSE">FBP</a>) – are trading at an 8% discount relative to GSIBs, a notable shift from their historical 14% premium.
<h3 class="wp-block-heading">Goldman Sachs Is Bullish On First Citizens Bancshares</h3>
In a related analysis, Goldman Sachs equity analyst Ryan M. Nash initiated coverage on First Citizens Bancshares Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NYSE">FCNCA</a>) with a Buy rating and <a href="https://www.benzinga.com/news/24/03/37864877/goldman-sachs-initiates-coverage-on-first-citizens-bancshares-with-buy-rating-announces-price-target">a $1,950 price target. </a>
Described as a leading regional bank, First Citizens Bancshares is well-positioned to return more than 20% of its market capitalization to shareholders through buybacks in the near term. Despite concerns over credit impairments linked to commercial real estate. 
Nash believes that the bank&#8217;s reserves are sufficient and anticipates an improvement in potential losses over time.
Read now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37859344/s-p-500-closes-at-record-high-after-fed-charts-interest-rate-path-markets-continue-">S&amp;P 500 Closes At Record High After Fed Charts Interest Rate Path: &#8216;Markets Continue To Have A Green Light To Run Higher,&#8217; CIO Says</a>
Image created using artificial intelligence with Midjourney.

Bank Stocks Hit All-Time Highs: Analyst Points To Further Rally On 'A 1995 Soft Landing Scenario'

The dividend is payable on March 8, 2024 to shareholders of record at the close of business on February 23, 2024.

Dividends

First BanCorp Boosts Quarterly Cash Dividend On Common Stock By 14% From $0.14 To $0.16 Per Share

Keefe, Bruyette &amp; Woods analyst Kelly Motta maintains First BanCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBP#NYSE">FBP</a>) with a Outperform and raises the price target from $18.5 to $19.

Keefe, Bruyette & Woods Maintains Outperform on First BanCorp, Raises Price Target to $19-Report Released on 23 January 2024

First BanCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBP#NYSE">FBP</a>) reported adjusted quarterly earnings of $0.49 per share which beat the analyst consensus estimate of $0.36 by 36.11 percent. This is a 22.5 percent increase over earnings of $0.40 per share from the same period last year. The company reported quarterly sales of $196.68 million which missed the analyst consensus estimate of $206.11 million by 4.57 percent. This is a 4.32 percent decrease over sales of $205.57 million the same period last year.

First BanCorp Q4 Adj. EPS $0.49 Beats $0.36 Estimate, Sales $196.68M Miss $206.11M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Freeport-McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>) is estimated to report quarterly earnings at $0.22 per share on revenue of $5.86 billion.
&bull; General Dynamics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>) is estimated to report quarterly earnings at $3.68 per share on revenue of $11.37 billion.
&bull; ASML Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) is expected to report quarterly earnings at $5.27 per share on revenue of $7.53 billion.
&bull; Blue Foundry (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLFY#NASDAQ">BLFY</a>) is likely to report quarterly loss at $0.15 per share on revenue of $9.55 million.
&bull; Prosperity Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PB#NYSE">PB</a>) is estimated to report quarterly earnings at $1.17 per share on revenue of $280.02 million.
&bull; Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) is likely to report quarterly earnings at $2.43 per share on revenue of $15.14 billion.
&bull; Amphenol (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>) is projected to report quarterly earnings at $0.77 per share on revenue of $3.15 billion.
&bull; OFG Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OFG#NYSE">OFG</a>) is expected to report quarterly earnings at $0.93 per share on revenue of $141.62 million.
&bull; Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>) is expected to report quarterly earnings at $1.19 per share on revenue of $10.18 billion.
&bull; Stifel Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SF#NYSE">SF</a>) is expected to report quarterly earnings at $1.31 per share on revenue of $1.07 billion.
&bull; Kimberly-Clark (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMB#NYSE">KMB</a>) is estimated to report quarterly earnings at $1.54 per share on revenue of $4.98 billion.
&bull; United Community Banks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCBI#NASDAQ">UCBI</a>) is expected to report quarterly earnings at $0.52 per share on revenue of $226.07 million.
&bull; AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) is expected to report quarterly earnings at $0.56 per share on revenue of $31.48 billion.
&bull; TE Connectivity (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEL#NYSE">TEL</a>) is projected to report quarterly earnings at $1.71 per share on revenue of $3.86 billion.
&bull; New Oriental Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDU#NYSE">EDU</a>) is projected to report quarterly earnings at $0.29 per share on revenue of $814.07 million.
&bull; LG Display Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPL#NYSE">LPL</a>) is estimated to report quarterly loss at $0.06 per share on revenue of $5.61 billion.
&bull; Teledyne Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDY#NYSE">TDY</a>) is expected to report quarterly earnings at $5.04 per share on revenue of $1.47 billion.
&bull; Textron (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TXT#NYSE">TXT</a>) is projected to report quarterly earnings at $1.54 per share on revenue of $3.95 billion.
&bull; HBT Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBT#NASDAQ">HBT</a>) is likely to report quarterly earnings at $0.59 per share on revenue of $58.16 million.
&bull; Elevance Health (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELV#NYSE">ELV</a>) is projected to report quarterly earnings at $5.64 per share on revenue of $42.09 billion.
&bull; Simmons First Ntl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SFNC#NASDAQ">SFNC</a>) is likely to report quarterly earnings at $0.34 per share on revenue of $204.25 million.
&bull; First BanCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBP#NYSE">FBP</a>) is estimated to report quarterly earnings at $0.36 per share on revenue of $206.11 million.
&bull; Sterling Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBT#NASDAQ">SBT</a>) is projected to report quarterly earnings at $0.03 per share on revenue of $16.37 million.
&bull; Monro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNRO#NASDAQ">MNRO</a>) is expected to report quarterly earnings at $0.39 per share on revenue of $324.22 million.
&bull; BOK Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOKF#NASDAQ">BOKF</a>) is likely to report quarterly earnings at $1.75 per share on revenue of $490.40 million.
<h3>Companies Reporting After The Bell</h3>
&bull; Hexcel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HXL#NYSE">HXL</a>) is expected to report quarterly earnings at $0.49 per share on revenue of $471.69 million.
&bull; CACI International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CACI#NYSE">CACI</a>) is estimated to report quarterly earnings at $4.47 per share on revenue of $1.84 billion.
&bull; IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) is projected to report quarterly earnings at $3.78 per share on revenue of $17.30 billion.
&bull; Tesla (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) is estimated to report quarterly earnings at $0.74 per share on revenue of $25.59 billion.
&bull; Lavoro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LVRO#NASDAQ">LVRO</a>) is likely to report quarterly loss at $0.10 per share on revenue of $366.65 million.
&bull; CSX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>) is likely to report quarterly earnings at $0.44 per share on revenue of $3.63 billion.
&bull; Seagate Tech Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>) is expected to report quarterly loss at $0.06 per share on revenue of $1.55 billion.
&bull; SLM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLM#NASDAQ">SLM</a>) is likely to report quarterly earnings at $0.89 per share on revenue of $378.36 million.
&bull; American Superconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMSC#NASDAQ">AMSC</a>) is likely to report quarterly loss at $0.06 per share on revenue of $34.00 million.
&bull; First Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FBMS#NASDAQ">FBMS</a>) is expected to report quarterly earnings at $0.68 per share on revenue of $58.42 million.
&bull; Amerant Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMTB#NYSE">AMTB</a>) is estimated to report quarterly earnings at $0.44 per share on revenue of $91.30 million.
&bull; Packaging Corp of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>) is projected to report quarterly earnings at $1.83 per share on revenue of $1.91 billion.
&bull; Live Oak Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOB#NYSE">LOB</a>) is projected to report quarterly earnings at $0.44 per share on revenue of $116.63 million.
&bull; Liberty Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LBRT#NYSE">LBRT</a>) is expected to report quarterly earnings at $0.57 per share on revenue of $1.09 billion.
&bull; First Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRBA#NASDAQ">FRBA</a>) is likely to report quarterly earnings at $0.39 per share on revenue of $29.58 million.
&bull; Raymond James Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RJF#NYSE">RJF</a>) is expected to report quarterly earnings at $2.26 per share on revenue of $3.06 billion.
&bull; Knight-Swift (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNX#NYSE">KNX</a>) is likely to report quarterly earnings at $0.44 per share on revenue of $1.97 billion.
&bull; United Rentals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URI#NYSE">URI</a>) is projected to report quarterly earnings at $10.93 per share on revenue of $3.62 billion.
&bull; Bridgewater Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BWB#NASDAQ">BWB</a>) is estimated to report quarterly earnings at $0.25 per share on revenue of $27.00 million.
&bull; WR Berkley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WRB#NYSE">WRB</a>) is likely to report quarterly earnings at $1.38 per share on revenue of $3.21 billion.
&bull; Ameriprise Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMP#NYSE">AMP</a>) is estimated to report quarterly earnings at $7.69 per share on revenue of $3.88 billion.
&bull; Las Vegas Sands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>) is likely to report quarterly earnings at $0.61 per share on revenue of $2.90 billion.
&bull; RLI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLI#NYSE">RLI</a>) is estimated to report quarterly earnings at $1.49 per share on revenue of $357.64 million.
&bull; Plexus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLXS#NASDAQ">PLXS</a>) is expected to report quarterly earnings at $1.08 per share on revenue of $987.63 million.
&bull; First Internet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INBK#NASDAQ">INBK</a>) is projected to report quarterly earnings at $0.31 per share on revenue of $19.28 million.
&bull; Cohen &amp; Steers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNS#NYSE">CNS</a>) is likely to report quarterly earnings at $0.64 per share on revenue of $122.80 million.
&bull; Colony Bankcorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CBAN#NASDAQ">CBAN</a>) is estimated to report quarterly earnings at $0.32 per share on revenue of $28.40 million.
&bull; Crown Castle (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>) is estimated to report earnings for its fourth quarter.
&bull; Pathward Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CASH#NASDAQ">CASH</a>) is expected to report quarterly earnings at $1.24 per share on revenue of $166.47 million.
&bull; ResMed (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMD#NYSE">RMD</a>) is expected to report quarterly earnings at $1.79 per share on revenue of $1.15 billion.
&bull; Lam Research (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) is expected to report quarterly earnings at $7.10 per share on revenue of $3.71 billion.
&bull; SL Green Realty (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLG#NYSE">SLG</a>) is likely to report earnings for its fourth quarter.
&bull; Horizon Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBNC#NASDAQ">HBNC</a>) is expected to report quarterly earnings at $0.31 per share on revenue of $52.34 million.
&bull; Old Second Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSBC#NASDAQ">OSBC</a>) is expected to report quarterly earnings at $0.54 per share on revenue of $72.97 million.
&bull; Washington Trust Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WASH#NASDAQ">WASH</a>) is likely to report quarterly earnings at $0.57 per share on revenue of $33.23 million.
&bull; Origin Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OBK#NYSE">OBK</a>) is projected to report quarterly earnings at $0.62 per share on revenue of $88.77 million.
&bull; Equity Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQBK#NYSE">EQBK</a>) is likely to report quarterly loss at $1.87 per share on revenue of $29.80 million.
&bull; Alerus Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALRS#NASDAQ">ALRS</a>) is likely to report quarterly earnings at $0.29 per share on revenue of $45.38 million.
&bull; Columbia Banking System (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COLB#NASDAQ">COLB</a>) is projected to report quarterly earnings at $0.79 per share on revenue of $526.68 million.
&bull; Cathay General (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATY#NASDAQ">CATY</a>) is estimated to report quarterly earnings at $1.06 per share on revenue of $197.95 million.
&bull; ServiceNow (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) is expected to report quarterly earnings at $2.78 per share on revenue of $2.40 billion.
&bull; Novagold Resources (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NG#AMEX">NG</a>) is estimated to report earnings for its fourth quarter.
&bull; Univest Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UVSP#NASDAQ">UVSP</a>) is likely to report quarterly earnings at $0.47 per share on revenue of $71.25 million.
&bull; Preferred Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFBC#NASDAQ">PFBC</a>) is likely to report quarterly earnings at $2.54 per share on revenue of $70.48 million.
&bull; Brookline Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRKL#NASDAQ">BRKL</a>) is estimated to report quarterly earnings at $0.23 per share on revenue of $85.19 million.
&bull; Eagle Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGBN#NASDAQ">EGBN</a>) is estimated to report quarterly earnings at $0.68 per share on revenue of $68.69 million.
&bull; Concentrix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNXC#NASDAQ">CNXC</a>) is estimated to report quarterly earnings at $3.08 per share on revenue of $2.20 billion.
&bull; Ethan Allen Interiors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETD#NYSE">ETD</a>) is projected to report quarterly earnings at $0.76 per share on revenue of $179.20 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

ALRS

AMSC

AMTB

ASML

BLFY

BOKF

BRKL

CACI

CASH

CATY

CBAN

CNXC

COLB

New Oriental Education & Technology Group

EGBN

streetTRACKS Dow Jones U.S. Large Cap Value Index Fund

EQBK

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MNRO

OSBC

PLXS

SFNC

UCBI

UVSP

WASH

Earnings Scheduled For January 24, 2024

First BanCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBP#NYSE">FBP</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-01-24. Here's what investors need to know before the announcement.
Analysts estimate that First BanCorp will report an earnings per share (EPS) of $0.36. 
First BanCorp bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.08, which was followed by a 0.0% drop in the share price the next day.
Here's a look at First BanCorp's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.38</td>
<td>0.35</td>
<td>0.35</td>
<td>0.4</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.46</td>
<td>0.37</td>
<td>0.39</td>
<td>0.4</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-4.24%</td>
<td>4.33%</td>
<td>3.95%</td>
<td>-0.52%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1706022072_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of First BanCorp were trading at $16.08 as of January 22. Over the last 52-week period, shares are up 21.4%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release. 
<a href="https://www.benzinga.com/quote/FBP/earnings">To track all earnings releases for First BanCorp visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For First BanCorp

The possibility of a soft landing for the U.S. economy is gaining traction, prompting an increased interest in U.S. banking stocks, as Bank of America revealed in a note <a href="https://www.benzinga.com/money/best-bank-stocks">to clients on Thursday. </a>
The group of Bank of America&#8217;s equity analysts, led by Ebrahim H. Poonawala, point out several key factors that might fuel a bullish trend in banking stocks this year. This optimism is rooted in the changing economic landscape, expected policy shifts and the strategic positioning of individual banks.
&#8220;We see potential for an overshoot in bank stocks,&#8221; analysts wrote in the note. 
&#8220;Increasing confidence that interest rates headed lower, economy avoiding a recession, and GDP accelerating in the second half of the year should see a continued re-rating higher in stocks,&#8221; they added. 
The market reaction was positive following the note. The Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) increased by 1% on Thursday, reaching highs not seen since late April 2022. Similarly, the SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>) rallied by 1%, and rose 35% since late October 2023.
<h2 class="wp-block-heading">Chart: US Bank Stocks Jump To 20-Month Highs</h2>
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="650" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/01/04132908/newplot-7.jpeg" alt="" class="wp-image-174398" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/01/04132908/newplot-7.jpeg 650w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/01/04132908/newplot-7-300x300.jpeg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/01/04132908/newplot-7-150x150.jpeg 150w" sizes="(max-width: 650px) 100vw, 650px" /></figure>
<h2 class="wp-block-heading">Key Factors Potentially Leading To Bank Stocks&#8217; Bull Market In 2024 </h2>
<ol>
<li>Interest Rates and Economic Outlook: The anticipation of lower interest rates, coupled with a resilient job market and expected GDP growth in the latter half of 2024 and into 2025, are pivotal in driving investor confidence toward banking stocks.</li>
<li>Federal Reserve&#8217;s Anticipated Moves: With Bank of America predicting the Fed to initiate rate cuts starting March, there is renewed optimism in the banking sector. Lower rates could spur activities in investment banking and mortgages, potentially offsetting the margin pressures brought about by the rate cuts.</li>
<li>Focus on Net Interest Income and Margin: The sustainability of net interest income and the ability to defend margins are in place, regardless of the number of Fed rate cuts in the upcoming months.</li>
<li>Attractive Valuations: Notably, U.S. banking stocks, particularly within the mega-cap bank group, are currently trading at a 50% price-to-earnings discount compared to the S&amp;P 500, presenting a compelling risk/reward opportunity.</li>
<li>Regional Banks in the Spotlight: The investment bank is notably bullish on regional banks, citing economic rebound as a key driver for their growth.</li>
</ol>
<h2 class="wp-block-heading">Bank of America&#8217;s Top Bank Picks For 2024</h2>
Bank stocks with the highest upside potential in 2024 according to Bank of America are:
<figure class="wp-block-table"> 
<table>
<thead>
<tr>
<th>Company</th>
<th>Rating</th>
<th>Upside</th>
<th>New PO</th>
</tr>
</thead>
<tbody>
<tr>
<td>New York Community Bancorp, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>)</td>
<td>Buy</td>
<td>27%</td>
<td>$13.00</td>
</tr>
<tr>
<td>KeyCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>)</td>
<td>Buy</td>
<td>26%</td>
<td>$18.00</td>
</tr>
<tr>
<td>Truist Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>)</td>
<td>Buy</td>
<td>17%</td>
<td>$43.00</td>
</tr>
<tr>
<td>East West Bancorp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWBC#NASDAQ">EWBC</a>)</td>
<td>Buy</td>
<td>15%</td>
<td>$82.00</td>
</tr>
<tr>
<td>M&amp;T Bank Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTB#NYSE">MTB</a>)</td>
<td>Buy</td>
<td>15%</td>
<td>$157.00</td>
</tr>
<tr>
<td>U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>)</td>
<td>Buy</td>
<td>14%</td>
<td>$49.00</td>
</tr>
<tr>
<td>First Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBP#NYSE">FBP</a>)</td>
<td>Buy</td>
<td>14%</td>
<td>$18.50</td>
</tr>
<tr>
<td>First Horizon Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>)</td>
<td>Buy</td>
<td>13%</td>
<td>$16.00</td>
</tr>
<tr>
<td>Western Alliance Bancorporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>)</td>
<td>Buy</td>
<td>12%</td>
<td>$70.00</td>
</tr>
<tr>
<td>Citigroup Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>)</td>
<td>Buy</td>
<td>12%</td>
<td>$60.00</td>
</tr>
<tr>
<td>Cullen/Frost Bankers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFR#NYSE">CFR</a>)</td>
<td>Buy</td>
<td>12%</td>
<td>$119.00</td>
</tr>
<tr>
<td>The Bank of New York Mellon Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BK#NYSE">BK</a>)</td>
<td>Buy</td>
<td>11%</td>
<td>$58.00</td>
</tr>
<tr>
<td>Fifth Third Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FITB#NASDAQ">FITB</a>)</td>
<td>Buy</td>
<td>11%</td>
<td>$38.00</td>
</tr>
<tr>
<td>Wells Fargo &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>)</td>
<td>Buy</td>
<td>11%</td>
<td>$54.00</td>
</tr>
<tr>
<td>Northern Trust Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRS#NASDAQ">NTRS</a>)</td>
<td>Buy</td>
<td>11%</td>
<td>$92.00</td>
</tr>
<tr>
<td>JPMorgan Chase &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>)</td>
<td>Buy</td>
<td>10%</td>
<td>$188.00</td>
</tr>
<tr>
<td>Synovus Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNV#NYSE">SNV</a>)</td>
<td>Buy</td>
<td>10%</td>
<td>$40.00</td>
</tr>
<tr>
<td>Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>)</td>
<td>Buy</td>
<td>8%</td>
<td>$100.00</td>
</tr>
<tr>
<td>Goldman Sachs Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>)</td>
<td>Buy</td>
<td>8%</td>
<td>$412.00</td>
</tr>
</tbody>
</table>
</figure>
Bank of America has upgraded Truist Financial Corporation to Buy on a strong balance sheet, expense flexibility, capital optionality and above all a sharpened focus within management on &#8220;righting the ship.&#8221; 
Other top picks among regional banks are: 
<ul>
<li>US Bancorp: The bank&#8217;s deal-driven synergies and its distinct payments business make it a favorable pick.</li>
<li>KeyCorp: Expected to experience significant margin expansion and benefit from a rebound in investment banking.</li>
<li>East West: Lower rates could mitigate perceived commercial real estate risks, shifting the focus to its above-average growth potential and top-tier ROA/ROTCE.</li>
<li>Western Alliance: Seen as highly leveraged to benefit from rate cuts, especially in funding and mortgage areas.</li>
</ul>
Read now: <a href="https://www.benzinga.com/economics/macro-economic-events/24/01/36493148/december-jobs-report-preview-could-strong-labor-market-data-shift-march-rate-cut-">December Jobs Report Preview: Could Strong Labor Market Data Shift March Rate Cut Outlook?</a>
Photo: Shutterstock

Top Bank Stock Picks For 2024: 'Valuations Are At 50% Discount To S&P 500,' Analysts Say

ALLY

BXMT

CADE

FULT

Hannon Armstrong Sustainable Infrastructure Capital

HASI

HBAN

PACW

STWD

TROW

ZION

Shares of banks and financial services stocks are trading higher amid overall market strength after October CPI data showed softer-than-expected inflation.

Wells Fargo analyst Timur Braziler maintains First BanCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBP#NYSE">FBP</a>) with a Equal-Weight and raises the price target from $12.5 to $13.

Wells Fargo Maintains Equal-Weight on First BanCorp, Raises Price Target to $13

First BanCorp shares are trading lower after the company reported worse-than-expected Q3 revenue results.

<h3>Companies Reporting Before The Bell</h3>
&bull; Berkshire Hills Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHLB#NYSE">BHLB</a>) is expected to report quarterly earnings at $0.49 per share on revenue of $94.82 million.
&bull; World Acceptance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRLD#NASDAQ">WRLD</a>) is likely to report quarterly earnings at $1.77 per share on revenue of $135.86 million.
&bull; American Express (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) is projected to report quarterly earnings at $2.94 per share on revenue of $15.36 billion.
&bull; Interpublic Gr of Cos (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPG#NYSE">IPG</a>) is projected to report quarterly earnings at $0.73 per share on revenue of $2.38 billion.
&bull; First BanCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBP#NYSE">FBP</a>) is expected to report quarterly earnings at $0.38 per share on revenue of $204.81 million.
&bull; Comerica (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>) is likely to report quarterly earnings at $1.69 per share on revenue of $878.71 million.
&bull; Autoliv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALV#NYSE">ALV</a>) is projected to report quarterly earnings at $1.84 per share on revenue of $2.64 billion.
&bull; Euronet Worldwide (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EEFT#NASDAQ">EEFT</a>) is estimated to report quarterly earnings at $2.70 per share on revenue of $983.96 million.
&bull; Sify Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIFY#NASDAQ">SIFY</a>) is estimated to report earnings for its second quarter.
&bull; SLB (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) is projected to report quarterly earnings at $0.77 per share on revenue of $8.33 billion.
&bull; OFG Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OFG#NYSE">OFG</a>) is likely to report quarterly earnings at $0.94 per share on revenue of $156.56 million.
&bull; Huntington Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) is expected to report quarterly earnings at $0.32 per share on revenue of $1.82 billion.
&bull; Sensient Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SXT#NYSE">SXT</a>) is estimated to report quarterly earnings at $0.75 per share on revenue of $371.80 million.
&bull; Regions Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RF#NYSE">RF</a>) is projected to report quarterly earnings at $0.58 per share on revenue of $1.89 billion.
<h3>&nbsp;</h3>
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

BHLB

EEFT

SIFY

WRLD

Earnings Scheduled For October 20, 2023

First BanCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBP#NYSE">FBP</a>) reported quarterly adjusted earnings of $0.46 per share which beat the analyst consensus estimate of $0.38 by 21.05 percent. This is a 15 percent increase over earnings of $0.40 per share from the same period last year. The company reported quarterly sales of $199.73 million which missed the analyst consensus estimate of $204.81 million by 2.48 percent. This is a 3.94 percent decrease over sales of $207.91 million the same period last year.

First BanCorp Q3 Adj EPS $0.46 Beats $0.38 Estimate, Sales $199.73M Miss $204.81M Estimate

First BanCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBP#NYSE">FBP</a>) is set to give its latest quarterly earnings report on Friday, 2023-10-20. Here's what investors need to know before the announcement.
Analysts estimate that First BanCorp will report an earnings per share (EPS) of $0.38. 
First BanCorp bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.02, which was followed by a 4.33% increase in the share price the next day.
Here's a look at First BanCorp's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
<th>Q3 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.35</td>
<td>0.35</td>
<td>0.4</td>
<td>0.39</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.37</td>
<td>0.39</td>
<td>0.4</td>
<td>0.40</td>
</tr>
<tr>
<td>Price Change %</td>
<td>4.33%</td>
<td>3.95%</td>
<td>-0.52%</td>
<td>-1.76%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2023/1697724032_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of First BanCorp were trading at $13.83 as of October 18. Over the last 52-week period, shares are down 10.43%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/FBP/earnings">To track all earnings releases for First BanCorp visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

<h3>What is a Value Stock?</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>Below is a list of notable value stocks in the financial services sector:</h2>
<ol>
<li>First BanCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBP#NYSE">FBP</a>) - P/E: 8.68</li>
<li>Citizens Financial Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFG#NYSE">CFG</a>) - P/E: 6.06</li>
<li>Banco De Chile (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BCH#NYSE">BCH</a>) - P/E: 7.29</li>
<li>Ohio Valley Banc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OVBC#NASDAQ">OVBC</a>) - P/E: 8.31</li>
<li>State Street (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) - P/E: 9.14</li>
</ol>
First BanCorp has reported Q2 earnings per share at $0.37, which has decreased by 5.13% compared to Q1, which was 0.39. Its most recent dividend yield is at 4.02%, which has decreased by 0.81% from 4.83% in the previous quarter.
Citizens Financial Group's earnings per share for Q2 sits at $1.04, whereas in Q1, they were at 1.1. The company's most recent dividend yield sits at 5.77%, which has increased by 0.25% from 5.52% last quarter. 
Banco De Chile saw a decrease in earnings per share from 0.81 in Q4 to $0.66 now. The company's most recent dividend yield sits at 9.89%, which has increased by 3.32% from 6.57% last quarter. 
Most recently, Ohio Valley Banc reported earnings per share at $0.68, whereas in Q1 earnings per share sat at $0.82. Most recently, State Street reported earnings per share at $2.17, whereas in Q1 earnings per share sat at $1.52. Its most recent dividend yield is at 3.98%, which has increased by 0.2% from 3.78% in the previous quarter.
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

OVBC

5 Value Stocks In The Financial Services Sector

First BanCorp Has Had A Great Run (Downgrade)

The latest update is out from First Bancorp Puerto Rico (FBP). First BanCorp's Board of Directors, after consulting with Pearl Meyer & Partners LLC...

First Bancorp Increases Executive Compensation Targets

The market has been high on First Bancorp (FBP)  stock recently. FBP gets a Bullish score from InvestorsObserver Stock Sentiment Indicator. First Bancorp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on FBP!See Full FBP ReportWhat is Stock Sentiment?Sentiment is a very s

Is it Time to Dump First Bancorp (FBP) Stock After it Is Up 2.25% in a Week?

Wells Fargo analyst Timur Braziler maintained a Hold rating on First Bancorp Puerto Rico (FBP – Research Report) yesterday and set a price target o...

Wells Fargo Remains a Hold on First Bancorp Puerto Rico (FBP)

First BanCorp. Q1 2024 Earnings Preview

First BanCorp. Non-GAAP EPS of $0.44 beats by $0.06, revenue of $230.5M beats by $0.51M

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
First BanCorp (NYSE:<a href="https://investorplace.com/stock-quotes/fbp-stock-quote/">FBP</a>) just reported results for the first quarter of 2024.<ul><li>First BanCorp reported earnings per share of 44 cents. This was above the analyst estimate for EPS of 37 cents.</li><li>The company reported revenue of $196.52 million.</li><li>This was 4.50% worse than the analyst estimate for revenue of $205.78 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/04/fbp-stock-earnings-first-bancorp-for-q1-of-2024/">FBP Stock Earnings: First BanCorp Beats EPS, Misses Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

FBP Stock Earnings: First BanCorp Beats EPS, Misses Revenue for Q1 2024

First BanCorp. (FBP) Q1 2024 Earnings Call Transcript

Analysts have been eager to weigh in on the Financial sector with new ratings on SLM (SLM – Research Report), Cvb Financial (CVBF – Research Report...

Analysts' Opinions Are Mixed on These Financial Stocks: SLM (SLM), Cvb Financial (CVBF) and First Bancorp Puerto Rico (FBP)

First BanCorp. declares $0.16 dividend

CVBF

Press Releases

First BanCorp to Announce 3Q 2023 Results on October 20, 2023

First BanCorp. Announces Earnings for the Quarter Ended September 30, 2023

First BanCorp Declares Quarterly Cash Dividend on Common Stock

First Bancorp to Announce 4Q 2023 Results on January 24, 2024

First BanCorp. Announces Earnings for the Quarter and Year Ended December 31, 2023

First BanCorp. Increases Quarterly Cash Dividend on Common Stock to $0.16

Contracts

FirstBank Puerto Rico Selects nCino to Transform Commercial Lending Services

First BanCorp to Announce 1Q 2024 Results on April 23, 2024

First BanCorp. Announces Earnings for the Quarter Ended March 31, 2024

First BanCorp. Declares Quarterly Cash Dividend on Common Stock

NCNO

Ameris

Associated Banc

Atlantic Union Bankshares Corporation Common Stock

Atlantic Union Bankshares

Axos Financial

Banc of California

BancFirst

Bank of Hawaii