First Bancorp: 2Q Earnings Snapshot
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.