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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.
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 company did not provide specific forward guidance in this earnings report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income