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Mar 31, 2023
First BanCorp Q1 2023 Earnings Report
Net income decreased and return on average assets remained strong
Key Takeaways
First BanCorp reported a net income of $70.7 million, or $0.39 per diluted share, for the first quarter of 2023. The company's return on average assets remained strong at 1.55%.
Net income was $70.7 million, or $0.39 per diluted share.
Return on average assets remained strong at 1.55%.
Pre-tax, pre-provision income was $118.1 million.
Total loans increased $28.0 million from the prior quarter to $11.6 billion.
First BanCorp
First BanCorp
First BanCorp Revenue by Geographic Location
Revenue by Geographic Location
Puerto Rico Loans Revenue
CapyFin.comVirgin Islands Loans Revenue
CapyFin.comUnited States Loans Revenue
CapyFin.com Forward Guidance
The Corporation opted to pause share buybacks during the second quarter and expects to resume share repurchases during the second half of the year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income