First BanCorp. Reveals 36% Fall In Q3 Earnings

(RTTNews) - First BanCorp. (FBP) reported a profit for third quarter that retreated from last year.

The company said its profit totaled $14.76 million, or $0.07 per share. This was down from $23.20 million, or $0.11 per share, in last year's third quarter.

Analysts had expected the company to earn $0.09 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

First BanCorp. earnings at a glance:

-Earnings (Q3): $14.76 Mln. vs. $23.20 Mln. last year. -Earnings Decline (Y-o-Y): -36.4% -EPS (Q3): $0.07 vs. $0.11 last year. -EPS Decline (Y-o-Y): -36.4% -Analysts Estimate: $0.09