First BanCorp expected to post earnings of 41 cents a share - Earnings Preview

Reuters10-22

* First BanCorp is expected to show a rise in quarterly revenue when it reports results on October 23 for the period ending September 30 2024

* The San Juan Puerto Rico-based company is expected to report a 3.6% increase in revenue to $206.976 million from $199.73 million a year ago, according to the mean estimate from 5 analysts, based on LSEG data. (Sales/Revenue Majority Basis is on NII)

* ​LSEG's mean analyst estimate for First BanCorp is for earnings of 41 cents per share.

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

* The mean earnings estimate of analysts was unchanged in the last three months. ​

* Wall Street's median 12-month price target for First BanCorp is 23.50​, above​ its last closing price of $20.86. ​​​

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI

ENDING ARTESTIMAT ESTIMATE MET, SE %

E® MISSED

Jun. 30 2024 0.41 0.41 0.46 Beat 12.6

Jan. 1 2024 0.37 0.37 0.44 Beat 17.4

Dec. 31 2023 0.35 0.36 0.49 Beat 34.3​

Jan. 1 0001 0.38 0.38 0.46 Beat 20.8

​​Jun. 0.35 0.35 0.38 Beat 8.5

30 2023

Mar. 31 2023 0.35 0.35 0.39 Beat 10.4​

Dec. 31 2022 0.40 0.40 0.40 Met 0.9

Sep. 30 2022 0.39 0.39 0.40 Beat 1.7

This summary was machine generated October 21 at 16:09 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

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