First Bancorp. (FBP) Tops Q1 EPS by 1c

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/28/2026

1. ENPH
2. HOOD
3. NXPI
4. BA
5. STX
6. V
7. CSGP
8. LSTR
9. UPS
10. KIDS

Go back to First Bancorp. (FBP) Tops Q1 EPS by 1c

First BanCorp. Announces Earnings for the Quarter Ended March 31, 2017

April 25, 2017 7:00 AM EDT

2017 First Quarter Highlights and Comparison with 2016 Fourth Quarter

Net income of $25.5 million, or $0.11 per diluted share, compared to $23.9 million, or $0.11 per diluted share, for the fourth quarter of 2016. The financial results for the first quarter of 2017 include a $12.2 million other-than-temporary impairment (OTTI) charge on Puerto Rico government debt securities and a $13.2 million tax benefit related to the change in tax status of certain subsidiaries from taxable corporations to limited liability companies that make an election to be treated as partnerships for income tax purposes in Puerto Rico. Net interest... More