First Bancorp. (FBP) Tops Q1 EPS by 3c
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First BanCorp. Announces Earnings for the Quarter Ended March 31, 2019
April 24, 2019 7:30 AM EDTNet income of $43.3 million, or $0.20 per diluted share, for the first quarter of 2019, compared to $101.1 million, or $0.46 per diluted share, for the fourth quarter of 2018. The fourth quarter 2018 results included a $53.3 million net tax benefit related to a partial reversal of the Corporations deferred tax asset valuation allowance, partially offset by the effect of the remeasurement of deferred tax assets in connection with the enactment of the Act 257-2018 (Puerto Rico Tax Reform of 2018). On a non-GAAP basis, adjusted net income for the first quarter of 2019 of $37.0 million, or $0.17 per diluted... More
