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First BanCorp: Q1 Earnings Insights

First Bancorp NYSE

First BanCorp (NYSE:FBP) reported its Q1 earnings results on Thursday, April 28, 2022 at 07:00 AM.

Here's what investors need to know about the announcement.

Earnings

First BanCorp beat estimated earnings by 28.12%, reporting an EPS of $0.41 versus an estimate of $0.32.

Revenue was up $9.36 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.04 which was followed by a 4.24% drop in the share price the next day.

Here's a look at First BanCorp's past performance:

Quarter	Q4 2021	Q3 2021	Q2 2021	Q1 2021
EPS Estimate	0.32	0.30	0.26	0.24
EPS Actual	0.36	0.37	0.36	0.31
Revenue Estimate	183.96M	179.85M	178.69M	179.48M
Revenue Actual	184.14M	184.74M	184.78M	176.26M

To track all earnings releases for First BanCorp visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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