First BanCorp. (FBP) announced earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $77.06 million, or $0.47 per share. This compares with $73.46 million, or $0.44 per share, last year.
Excluding items, First BanCorp. reported adjusted earnings of $77.06 million or $0.47 per share for the period.
Analysts on average had expected the company to earn $0.43 per share. Analysts' estimates typically exclude special items.
First BanCorp. earnings at a glance (GAAP) :
-Earnings: $77.06 Mln. vs. $73.46 Mln. last year.
-EPS: $0.47 vs. $0.44 last year.
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