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

First Bancorp

25/04/2023 14:31

* First Bancorp  FBP.N  reported quarterly adjusted earnings
of 39
cents​​ per share for the quarter ended in March. The mean
expectation of five analysts for the quarter was for earnings of
35 cents per share.
    * Revenue rose 8.2% to $200.89 million from a year ago;
analysts
expected $200.90 million. 
    * First Bancorp's reported EPS for the quarter was 39
cents​.
    * The mean earnings estimate of analysts had fallen by
about 7.4%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * First Bancorp shares had fallen by 0.7% this quarter and
lost 10.8% so far this year.
    * The company reported quarterly net income of $70.7
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
April 25 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.35           0.39           Beat
 Dec. 31 2022      0.40           0.40           Met
 Sep. 30 2022      0.39           0.40           Beat
 Jun. 30 2022      0.35           0.38           Beat