First BanCorp reports Q1 2024 net income of $73.5M, EPS $0.44

FIRST BANCORP /PR/

2024-Q1 EPS reported $0.44 revenue$230,503,000

Net income $73.5M ($0.44 diluted EPS) vs $79.5M ($0.46) in Q4 2023 and $70.7M ($0.39) in Q1 2023.
Net interest income $196.5M, NIM 4.16%; provision for credit losses $12.2M down from $18.8M prior quarter.
Loan portfolio grew for ninth consecutive quarter; core deposit balances stabilized.
Efficiency ratio improved to 52.46% from 54.98% in Q4 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIRST BANCORP /PR/ reported the quarter ended March 31, 2024 results: net income $73.5 million, or $0.44 per diluted share.

Period: the quarter ended March 31, 2024
Net income: $73.5 million, or $0.44 per diluted share
Result: reported results

Exact text from the filing

On April 23, 2024, First BanCorp. (the “Corporation”), the bank holding company for FirstBank Puerto Rico (“FirstBank” or the “Bank”), issued a press release announcing its unaudited results of operations for the quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0001140361-24-021197

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