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

First Bancorp

27/07/2023 15:11

* First Bancorp  FBP.N  reported quarterly adjusted earnings
of 38
cents​​ per share for the quarter ended in June. The mean
expectation of five analysts for the quarter was for earnings of
35 cents per share.
    * Revenue rose 1.8% to $199.82 million from a year ago;
analysts
expected $201.56 million. 
    * First Bancorp's reported EPS for the quarter was 39
cents​.
    * The mean earnings estimate of analysts had fallen by
about 1.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * First Bancorp shares had risen by 18.0% this quarter and
gained 13.4% so far this year.
    * The company reported quarterly net income of $70.66
million.
    * Wall Street's median 12-month price target for First
Bancorp is
$14.00 
    * 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 LSEG Refinitiv data July
27 at 02:11 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.35           0.38           Beat
 Mar. 31 2023      0.35           0.39           Beat
 Dec. 31 2022      0.40           0.40           Met
 Sep. 30 2022      0.39           0.40           Beat