First BanCorp (FBP) Stock

First BanCorp. (NYSE:FBP ) Q3 2024 Earnings Conference Call October 23, 2024 10:00 AM ET Company Participants Ramon Rodriguez - IR Aurelio Aleman - President and CEO Orlando Berges - EVP, CFO Conference Call Participants Timur Braziler - Wells Fargo Steve Moss - Raymond James Frank Schiraldi - Piper Sandler Kelly Motta - KBW Operator Good morning all. And thank you all for attending the First BanCorp Q3 2024 Financial Results Conference Call.

While the top- and bottom-line numbers for First Bancorp (FBP) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

First Bancorp (FBP) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.46 per share a year ago.

First Bancorp (FBP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that it expects to report its financial results for the third quarter ended September 30, 2024, before the market opens on October 23, 2024. First BanCorp will hold a conference call and live webcast to discuss the financial results at 10:00 a.m. Eastern time on Wednesday, October 23, 2024. The call and webcast will be broadcast live over the.

Following the better-than-expected expense control during the first half of the year, I've decided to raise my earnings estimate for First BanCorp. for 2024. Mid-single-digit loan growth is the main earnings catalyst for FBP for the next year and a half. The year-end target price suggests a 7.9% upside from the last closing market price. Additionally, FBP is offering a 3.2% dividend yield.

First Bancorp (FBP) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.37 per share a year ago.

First Bancorp (FBP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

First Bancorp (FBP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.