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Sep 30, 2021
First BanCorp Q3 2021 Earnings Report
Reported net income and record pre-tax, pre-provision income.
Key Takeaways
First BanCorp reported strong third quarter results with net income of $75.7 million and a record pre-tax, pre-provision income of $103.6 million. Improvements in the economic backdrop within the operating markets and improvements in asset quality drove core performance metrics.
Net income of $75.7 million, or $0.36 per diluted share.
Adjusted pre-tax, pre-provision income of $103.6 million.
Non-performing assets reached a decade low of 0.81% of total assets.
Core deposits, net of brokered and government deposits grew by $288.5 million.
Revenue by Geographic Location
Forward Guidance
The company did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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