UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________ FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period from ___________________ to___________________ COMMISSION FILE NUMBER001-14793 FIRST BANCORP. (EXACT NAME OF REGISTRANT AS SPECIFIEDIN ITS CHARTER) ...

First BanCorp. (NYSE:FBP) Q2 2024 Earnings Conference Call July 23, 2024 10:00 AM ET Company Participants Ramon Rodriguez - IR Officer Aurelio Aleman-Bermudez - President and CEO Orlando Berges-Gonzalez - EVP and CFO Conference Call Participants Brett Rabatin - Hovde Group Steve Moss - Raymond James Timur Braziler - Wells Fargo Kelly Motta - KBW Operator Good morning, everyone. My name is Kiki, and I will be your conference operator today. I would like to welcome everyone to the First BanCorp's Second Quart ...

Exhibit 99.1 FIRST BANCORP. ANNOUNCES EARNINGS FOR THE QUARTER ENDED JUNE 30, 2024 SAN JUAN, Puerto Rico – July 23, 2024 – First BanCorp. (the "Corporation" or "First BanCorp.") (NYSE: FBP), the bank holding company for FirstBank Puerto Rico ("FirstBank" or "the Bank"), today reported a net income $75.8 million, or $0.46 per diluted share, for the second quarter of 2024, compared to $73.5 million, or $0.44 per diluted share, for the first quarter of 2024, and $70.7 million, or $0.39 per diluted share, for t ...

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 ...