SAN JUAN, Puerto Rico (AP) — SAN JUAN, Puerto Rico (AP) — First Bancorp (FBP) on Wednesday reported third-quarter profit of $73.7 million.
The San Juan, Puerto Rico-based bank said it had earnings of 45 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.
The holding company for FirstBank Puerto Rico posted revenue of $307.2 million in the period. Its revenue net of interest expense was $234.6 million, which missed Street forecasts.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FBP at https://www.zacks.com/ap/FBP