First BanCorp (FBP) stock surged 5.21% in the pre-market trading session on Thursday, following the release of its fourth-quarter earnings results that exceeded analysts' expectations.
The Puerto Rico-based bank reported an adjusted earnings per share of $0.46 for the quarter ended December 31, 2024, beating the consensus estimate of $0.40 compiled by FactSet. Furthermore, First BanCorp's total revenue for the quarter came in at $241.5 million, surpassing the FactSet estimate of $236.5 million.
The better-than-expected financial performance was driven by a combination of factors, including higher net interest income and robust non-interest revenue growth. Investors reacted positively to the strong earnings beat, bidding up the stock in anticipation of continued profitability and growth for First BanCorp.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。