Stock Track | First BanCorp Soars 5.72% on Strong Q4 Earnings Beat

Stock Track

01-23

First BanCorp's stock surged 5.72% in pre-market trading on Thursday, following the release of its fourth-quarter financial results. The Puerto Rico-based bank reported better-than-expected earnings and revenue for the period.

First BanCorp posted an adjusted earnings per share of $0.46 for the quarter ended December 31, 2024, surpassing analysts' consensus estimate of $0.41. The company's total revenue for the quarter came in at $241.5 million, beating the forecasted $236.5 million.

The strong quarterly performance was driven by higher net interest income and robust growth in non-interest revenue. Investors cheered the earnings beat, bidding up First BanCorp's shares in anticipation of continued profitability and growth.

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Investors cheered the earnings beat, bidding up First BanCorp's shares in anticipation of continued profitability and growth.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FBP","symbol_name":"第一万能金控","start_time":0,"source_url":"","article_id":"1139172598","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1139172598","pubTimestamp":1737644442,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"First BanCorp's stock surged 5.72% in pre-market trading on Thursday, following the release of its fourth-quarter financial results. 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