2023-04-25 07:36:21 ET
- First BanCorp. press release ( NYSE: FBP ): Q1 GAAP EPS of $0.39 beats by $0.04 .
- Revenue of $233.41M (+6.8% Y/Y) beats by $4.91M .
- On a non-GAAP basis, pre-tax, pre-provision income of $118.1 million for the first quarter of 2023, compared to pre-tax, pre-provision income of $122.2 million for the fourth quarter of 2022.
- Net interest margin of 4.34% for the first quarter of 2023, compared to 4.37% for the fourth quarter of 2022.
- Provision for credit losses of $15.5 million for the first quarter of 2023, relatively flat compared to $15.7 million for the fourth quarter of 2022.
- The ratio of the ACL for loans and finance leases to total loans held for investment was 2.29% as of March 31, 2023, compared to 2.25% as of December 31, 2022.
- Estimated total capital, common equity tier 1 capital, tier 1 capital, and leverage ratios were 19.02%, 16.33%, 16.33%, and 10.57%, respectively, as of March 31, 2023.
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First BanCorp. GAAP EPS of $0.39 beats by $0.04, revenue of $233.41M beats by $4.91M