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

First Bancorp

20/10/2023 14:31

* First Bancorp  FBP.N  reported quarterly adjusted earnings
of 46
cents​​ per share for the quarter ended in September. The mean
expectation of five analysts for the quarter was for earnings of
38 cents per share.
    * Revenue fell 3.9% to $199.73 million from a year ago;
analysts
expected $204.81 million. 
    * First Bancorp's reported EPS for the quarter was 46
cents​.
    * The mean earnings estimate of analysts had risen by
about 7.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * First Bancorp shares had risen by 1.6% this quarter and
gained 7.5% so far this year.
    * The company reported quarterly net income of $82.02
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 LSEG Refinitiv data
October 20 at 01:31 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.38           0.46           Beat
 Jun. 30 2023      0.35           0.38           Beat
 Mar. 31 2023      0.35           0.39           Beat
 Dec. 31 2022      0.40           0.40           Met