First BanCorp.: Raising The Earnings Estimate And Upgrading To Buy

I I Cavan Images Earnings of First BanCorp. (NYSE:FBP) will most probably continue on an uptrend on the back of low loan growth. This loan growth will likely undermine the negative effects of margin pressure next year. Overall, I'm expecting the company to report earnings of $1.83 per share for 2024, up 7%, and $1.89 per share for 2025, up 3% year-over-year. Compared to my last report on the company, I've raised my earnings estimate for this year because the expenses reported so far this year have been much ...