First Bancorp reports results for the quarter ended in December - Earnings Summary

First Bancorp

27/01/2023 14:32

* First Bancorp  FBP.N  reported quarterly adjusted earnings
of 40
cents​​ per share for the quarter ended in December. The mean
expectation of five analysts for the quarter was for earnings of
40 cents per share.
    * Revenue rose 11.6% to $205.57 million from a year ago;
analysts
expected $218.74 million. 
    * First Bancorp's reported EPS for the quarter was 40
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2% in
the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * First Bancorp shares had risen by 6.3% this quarter.
    * The company reported quarterly net income of $73.17
million.
    * Wall Street's median 12-month price target for First
Bancorp is
$17.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data January
27 at 02:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.40           0.40           Met
 Sep. 30 2022      0.39           0.40           Beat
 Jun. 30 2022      0.35           0.38           Beat
 Mar. 31 2022      0.34           0.41           Beat