First Bancorp. (FBP) Tops Q3 EPS by 1c

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First BanCorp. Announces Earnings for the Quarter Ended September 30, 2018

October 25, 2018 7:00 AM EDT

2018 Third Quarter Highlights and Comparison with 2018 Second Quarter

Net income of $36.3 million, or $0.16 per diluted share, compared to $31.0 million, or $0.14 per diluted share, for the second quarter of 2018. On a non-GAAP basis, adjusted net income of $34.7 million (which excludes the effect of events that are discussed in the Special Items section below and consists 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 adjusted net income of $30.2... More