First BanCorp. Q4 Profit Beats Estimates

(RTTNews) - First BanCorp. (FBP) announced earnings for fourth quarter that beat the Street estimates.

The company's bottom line came in at $75.7 million, or $0.46 per share. This compares with $79.5 million, or $0.46 per share, last year.

Excluding items, First BanCorp. reported adjusted earnings of $75.7 million or $0.46 per share for the period.

Analysts on average had expected the company to earn $0.41 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 4.9% to $241.5 million from $230.3 million last year.

First BanCorp. earnings at a glance (GAAP) :

-Earnings: $75.7 Mln. vs. $79.5 Mln. last year. -EPS: $0.46 vs. $0.46 last year. -Revenue: $241.5 Mln vs. $230.3 Mln last year.