First BanCorp. Reports Third Quarter GAAP EPS of $0.63, Exceeding Estimates
First BanCorp. (FBP) reported third-quarter earnings with a GAAP earnings per share (EPS) of $0.63, surpassing analyst expectations by $0.04. Despite the earnings beat, the company's net income saw a year-over-year decline of 4.4%, falling to $96.1 million from $100.5 million in the prior year period. The bank's net interest income showed mixed results; while it increased by 4.4% to $227.5 million compared to Q3 of the previous year, it represented a slight decrease from the $229.1 million reported in the preceding quarter.
Tickers: $FBP
Topics: earnings beat GAAP EPS net income net interest income
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