SAN JUAN, Puerto Rico (AP) — SAN JUAN, Puerto Rico (AP) — First Bancorp (FBP) on Wednesday reported net income of $79.5 million in its fourth quarter.
The San Juan, Puerto Rico-based bank said it had earnings of 46 cents per share. Earnings, adjusted for non-recurring costs, were 49 cents per share.
The holding company for FirstBank Puerto Rico posted revenue of $299.1 million in the period. Its revenue net of interest expense was $230.3 million, which beat Street forecasts.
For the year, the company reported profit of $302.9 million, or $1.71 per share. Revenue was reported as $929.8 million.
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