EARNINGS SUMMARY: Details of First BanCorp. Q1 Earnings Report

(RTTNews) - First BanCorp. (FBP) announced a profit for its first quarter that climbed from the same period last year.

The company's earnings came in at $32.48 million, or $0.15 per share. This compares with $24.87 million, or $0.11 per share, in last year's first quarter.

Analysts had expected the company to earn $0.08 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.7% to $124.69 million from $122.55 million last year.

First BanCorp. earnings at a glance:

-Earnings (Q1): $31.34 Mln. vs. $25.23 Mln. last year. -Analysts Estimate: $0.08 -Revenue (Q1): $124.69 Mln vs. $122.55 Mln last year.