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Jun 30, 2024
First BanCorp Q2 2024 Earnings Report
Reported solid operating performance fueled by growth prospects.
Key Takeaways
First BanCorp. reported a net income of $75.8 million for Q2 2024, driven by solid operating performance and growth prospects. The company delivered a strong return on assets of 1.61%, grew its net interest margin, registered organic loan growth, grew core deposits, and returned 100% of earnings to shareholders through buybacks and dividends.
Net income was $75.8 million, or $0.46 per diluted share.
Return on assets was 1.61%.
Net interest margin increased.
Core deposits, excluding brokered and government deposits, increased by $132 million.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
No specific forward guidance was provided in the document.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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