First BanCorp. (NYSE:FBP) is set to announce second quarter earning results on Tuesday 28th July 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, FBP to report 2Q20 income of $ 0.06 per share from revenue of $ 139.41 million.
For the full year, analysts anticipate top line of $ 610.68 million, while looking forward to income of $ 0.33 per share bottom line.
Previous Quarter Performance
First BanCorp. posted loss for the first quarter of $ 0.03 per share, from the revenue of $ 138.65 million. The quarterly revenues decreased 1.09 percent compared with the same quarter last year. The consensus estimates are income of $ 0.16 per share from $ 140.66 million in revenue. The bottom line results missed street analysts by $ 0.19 or 118.75 percent, at the same time, top line results fell short of analysts by $ 2.01 million or 1.43 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of FBP was $ 5.65, representing a 61.43 % increase from the 52 week low of $ 3.50 and a 49.1 % decrease over the 52 week high of $ 11.10.
The company has a market capital of $ 1.23 billion and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Analyst recommendations
- On 18th June 2020, maintained by Citigroup at Neutral rating, with $ 7.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.05 per share on April 24, 2020. The dividend were payable on June 12, 2020 to holders of record as of the close of business on May 28, 2020 and ex-dividend date on May 27, 2020.
Conference Call
First BanCorp. will be hosting a conference call at 10:00 AM eastern time on 28th July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.1firstbank.com
First BanCorp. operates as the bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to retail, commercial, and institutional clients. The company operates in six segments: Commercial and Corporate Banking, Consumer (Retail) Banking, Mortgage Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations.
