First Bancorp. (FBP) Tops Q1 EPS by 7c

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First BanCorp. Announces Earnings for the Quarter Ended March 31, 2018

April 27, 2018 7:30 AM EDT

2018 First Quarter Highlights and Comparison with 2017 Fourth Quarter

Net income of $33.1 million for the first quarter, or $0.15 per diluted share, compared to $24.2 million, or $0.11 per diluted share, for the fourth quarter of 2017. On a non-GAAP basis, adjusted net income of $31.3 million (which excludes the effect of events that are discussed in the Special Items section below and consist of items that management believes are not reflective of core operating performance, are not expected to reoccur with any regularity or may reoccur at uncertain times and in uncertain amounts), compared to... More