Hi. Good morning. Thank you, Aurelio. Appreciate it. Maybe just starting with the -- continuing with the loan loss reserve, I was just curious here with regard to the decline in the residential mortgage reserve quarter over quarter, was that just kind of a component of historical charge-offs have declined with the primary driver? And could we see a further maybe reduction in that reserve here, over time? Okay. Appreciate that and then just with regard to the loan growth this quarter, I saw in the text that ...

Exhibit 99.1 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------|--------------------|---------------------|-------|---------------|-------|-----------------------|-----------|--------------------|-----------|---------| | | | Q2 | | Q1 | | Q2 | | YTD | June | | | (In thousands, except per share | | 2024 | | 2024 | | 2023 | | 2024 | | 2023 | | information and financial ratios) | | | | | | Highlights | | | | | | Net inter ...

First Bancorp (FBP) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.37 per share a year ago. These figures are adjusted for nonrecurring items. Over the last four quarters, the company has surpassed consensus EPS estimates four times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the ...

The earnings report, which is expected to be released on July 23, 2024, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. Zacks Consensus Estimate Revenues are expected to be $229.41 million, down 2.8% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 1.14% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collect ...

This holding company for FirstBank Puerto Rico has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 20.72%. Price and EPS Surprise Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus es ...

Looking at its price performance, First BanCorp shares have gained 6.2% over the past six months against the industry's 5.5% decline. Its long-term (three-five years) projected EPS growth rate of 6.9% offers rewards for shareholders. It seems to be a wise idea to add the First BanCorp. (FBP) stock to your portfolio now. Supported by the high interest rate environment and decent loan growth, the company is well-poised for top-line expansion. Some other factors mentioned below make First BanCorp stock a solid ...

While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measures a dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in many cases. Bottom Lin ...

Investors might want to bet on First Bancorp (FBP) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices - - has triggered this rating change. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. T ...

This Zacks Rank #1 company has a dividend yield of 1.4%, compared with the industry average of 0.0%. First BanCorp. (FBP) : This bank holding company for FirstBank Puerto Rico has witnessed the Zacks Consensus Estimate for its current year earnings increasing 9.3% the last 60 days. This Zacks Rank #1 company has a dividend yield of 3.6%, compared with the industry average of 2.7%. Preferred Bank (PFBC) : This bank holding company has witnessed the Zacks Consensus Estimate for its current year earnings incre ...

Seanergy Maritime Holdings (SHIP) : This shipping company which provides marine dry bulk transportation services through a modern fleet of 10 Capesize vessels, carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 83.1% over the last 60 days. Here are three stocks with buy rank and strong value characteristics for investors to consider today, May 17th: RCM Technologies (RCMT) : This company is a national provider of Business, Technology and resource ...