First BanCorp Reports Strong Q1 Earnings with Increased Net Income and Profitability Metrics
First BanCorp reported Q1 net income of $89 million, a 21% increase year-over-year, with an all-time high pre-tax, pre-provision income of $131 million. The company also saw an expanded net interest margin and returned capital through buybacks and dividends, ending the quarter with a 16.9% CET1 ratio.
Topics: Credit Trends Dividends Earnings Net Income NIM Profitability ROA Share Buybacks