secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BANCORP /PR/ (FBP)
CIK:        0001057706
Form:       8-K
Filed at:   2024-04-23T23:59:59+00:00
Accession:  0001140361-24-021197
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1057706/000114036124021197/0001140361-24-021197-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1057706/000114036124021197/ef20027430_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-021197

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