First BanCorp. (NYSE:FBP) is reporting third quarter financial results on Friday 30th October 2020, before market open.
According to analysts surveyed by Thomson Reuters, FBP is expected to report 3Q20 income of $ 0.12 per share from revenue of $ 152.74 million.
For the full year, analysts anticipate top line of $ 606.89 million, while looking forward to income of $ 0.37 per share bottom line.
Previous Quarter Performance
First BanCorp. unfold income for the second quarter of $ 0.10 per share, from the revenue of $ 135.21 million. The quarterly earnings dropped 44.44 percent compared with the same quarter last year. According to street consensus, FBP was expected to report 2Q20 income of $ 0.06 per share from revenue of $ 139.41 million. The bottom line results beat street analysts by $ 0.04 or 66.67 percent, at the same time, top line results fell short of analysts by $ 4.2 million or 3.01 percent.
Stock Performance
Shares of First BanCorp. traded up $ 0.26 or 4.17 percent on Thursday, reaching $ 6.49 with volume of 1.50 million shares. First BanCorp. has traded high as $ 6.55 and has cracked $ 6.08 on the downward trend
According to the previous trading day, closing price of $ 6.49, representing a 78.00 % increase from the 52 week low of $ 3.50 and a 43.42 % decrease over the 52 week high of $ 11.01.
The company has a market capital of $ 1.42 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.05 per share on July 31, 2020. The dividend were payable on September 11, 2020 to holders of record as of the close of business on August 27, 2020 and ex-dividend date on August 26, 2020.
Conference Call
First BanCorp. will be hosting a conference call at 10:00 AM eastern time on 30th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.1firstbank.com
First BanCorp. operates as the bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to retail, commercial, and institutional clients. The company operates in six segments: Commercial and Corporate Banking, Consumer (Retail) Banking, Mortgage Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations.
