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Jun 30, 2023
First BanCorp Q2 2023 Earnings Report
Reported a net income of $70.7 million, or $0.39 per diluted share, consistent with the first quarter of 2023.
Key Takeaways
First BanCorp reported a net income of $70.7 million, or $0.39 per diluted share, for Q2 2023, consistent with the previous quarter. The return on average assets was 1.51%. Net interest income was $199.8 million, and the net interest margin was 4.23%. Total loans increased by $140.4 million, while total deposits increased by $767.7 million.
Net income of $70.7 million, or $0.39 per diluted share, consistent with the first quarter of 2023.
Return on average assets for the second quarter of 2023 at 1.51%, compared to 1.55% for the first quarter of 2023.
Net interest income of $199.8 million for the second quarter of 2023, compared to $200.9 million for the first quarter of 2023.
Total loans increased by $140.4 million from the prior quarter to $11.7 billion as of June 30, 2023.
Revenue by Geographic Location
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