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First Bancorp: 2Q Earnings Snapshot

July 23, 2019

SAN JUAN, Puerto Rico (AP) _ First Bancorp (FBP) on Tuesday reported second-quarter net income of $41.3 million.

The San Juan, Puerto Rico-based bank said it had earnings of 19 cents per share. Earnings, adjusted for non-recurring gains, came to 18 cents per share.

The holding company for FirstBank Puerto Rico posted revenue of $191.7 million in the period. Its revenue net of interest expense was $164.8 million, which fell short of Street forecasts.

First Bancorp shares have risen 25% since the beginning of the year. The stock has climbed 33% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FBP at https://www.zacks.com/ap/FBP

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