First BanCorp. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 27, 2023 at 09:30 am
Share
First BanCorp. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 199.82 million compared to USD 196.19 million a year ago. Net income was USD 70.66 million compared to USD 74.7 million a year ago. Basic earnings per share from continuing operations was USD 0.39 compared to USD 0.38 a year ago. Diluted earnings per share from continuing operations was USD 0.39 compared to USD 0.38 a year ago.
For the six months, net interest income was USD 400.7 million compared to USD 381.81 million a year ago. Net income was USD 141.35 million compared to USD 157.3 million a year ago. Basic earnings per share from continuing operations was USD 0.79 compared to USD 0.8 a year ago. Diluted earnings per share from continuing operations was USD 0.78 compared to USD 0.8 a year ago.
First BanCorp. is a financial holding company. As of December 31, 2016, the Company controlled two subsidiaries: FirstBank Puerto Rico (the Bank or FirstBank) and FirstBank Insurance Agency, Inc. (FirstBank Insurance Agency). It operates in six segments: Commercial and Corporate Banking, which consists of lending and other services; Consumer (Retail) Banking, which consists of consumer lending and deposit-taking activities; Mortgage Banking, which consists of the origination, sale, and servicing of a range of residential mortgage loan products and related hedging activities; Treasury and Investments, which consists of treasury and investment management functions; United States Operations, which consists of all banking activities conducted by FirstBank on the United States mainland, and Virgin Islands Operations, which consists of banking activities conducted by FirstBank in the United States Virgin Islands and British Virgin Islands, including retail and commercial banking services.
FIRST BANCORP. 
