Wall Street analysts forecast that First Bancorp (FBP) will report quarterly earnings of $0.41 per share in its upcoming release, pointing to a year-over-year decline of 16.3%. It is anticipated that revenues will amount to $235.57 million, exhibiting an increase of 2.3% compared to the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this ti ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________ FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period from ___________________ to ___________________ COMMISSION FILE NUMBER001-14793 FIRST BANCORP. (EXACT NAME OF REGISTRANT AS SPECIFIEDIN ITS CHA ...

财务数据和关键指标变化 - 公司在2024年第三季度报告净收入为7370万美元，每股收益为0.45美元，资产回报率为1.55% [3] - 调整后的税前预备金略降至1.12亿美元，主要由于费用增加 [3] - 净利息收入为2.021亿美元，比上季度增加250万美元 [6] - 资本比率在本季度有所改善，实物账面价值每股增长15%至10.09美元 [11] 各条业务线数据和关键指标变化 - 商业贷款的发放量为年度最高，贷款组合增长6300万美元，尽管出现了10200万美元的意外商业提前还款 [3][4] - 贷款收益率下降1个基点，净利息利润率扩展3个基点至4.25% [6][7] 各个市场数据和关键指标变化 - 波多黎各的失业率为5.5%，为1976年以来的历史最低水平 [5] - 预计2025年将继续在利率环境中受益，商业客户的资产质量有望改善 [4] 公司战略和发展方向和行业竞争 - 公司计划在2025年实现净利息收入的改善，并继续投资于技术以提升客户服务 [4][5] - 启动了nCino平台，提供完全数字化的商业贷款工作流程 [5] 管理层对经营环境和未来前景的评论 - 管理层对经济环境持乐观态度，认为资产质量趋势良好，预计未来将实现稳定的贷款增长 [5][10] - 对于消费者信贷的健康状况，管理层表示正在经历正常化过程，预计未来将有轻微改善 [15] 其他重要信息 - 本季度的费用为1.229亿美元，比上季度增加430万美元，主要由于人员成本和技术项目的咨询费用增加 [8][9] - 不良资产比率降至总资产的63个基点，资产质量有所改善 [10] 问答环节所有提问和回答 问题: 关于资产负债表的增长预期 - 管理层表示，资产负债表的增长将取决于投资组合的现金流再投资，预计在2025年下半年开始增长 [13] 问题: 关于存款增长的预期 - 管理层认为存款增长将保持平稳，预计不会有显著增长，但可能会有小幅增长 [14] 问题: 关于消费者信贷的健康状况 - 管理层提到，消费者信贷正在经历正常化，预计未来将有稳定性和轻微改善 [15] 问题: 关于证券投资组合的现金流 - 管理层预计2025年将有10亿至11亿美元的到期和偿还现金流 [16] 问题: 关于存款重定价的节奏 - 管理层表示，存款重定价将有滞后效应，预计在第四季度将保持与第三季度相似的利润率 [18] 问题: 关于商业贷款的需求 - 管理层指出，商业贷款的需求来自多个行业，包括建筑、汽车和分销行业 [20] 问题: 关于资本回报的计划 - 管理层表示将继续保持资本灵活性，计划在2025年继续支付100%的收益 [26] 问题: 关于美属维尔京群岛的存款流出 - 管理层解释了存款流出的原因，主要是季节性因素和政府资金的偿还 [27] 问题: 关于抵押贷款银行业务的前景 - 管理层认为，抵押贷款业务有望随着利率变化而增长，市场份额稳定 [28] 问题: 关于浮动利率贷款的比例 - 管理层表示，商业贷款中54%为浮动利率，主要受SOFR和基准利率影响 [29]

For the quarter ended September 2024, First Bancorp (FBP) reported revenue of $234.57 million, up 2% over the same period last year. EPS came in at $0.45, compared to $0.46 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $239.8 million, representing a surprise of -2.18%. The company delivered an EPS surprise of +4.65%, with the consensus EPS estimate being $0.43.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stre ...

Exhibit 99.1 FIRST BANCORP. ANNOUNCES EARNINGS FOR THE QUARTER ENDED SEPTEMBER 30, 2024 SAN JUAN, Puerto Rico – October 23, 2024 – First BanCorp. (the "Corporation" or "First BanCorp.") (NYSE: FBP), the bank holding company for FirstBank Puerto Rico ("FirstBank" or "the Bank"), today reported a net income of $73.7 million, or $0.45 per diluted share, for the third quarter of 2024, compared to $75.8 million, or $0.46 per diluted share, for the second quarter of 2024, and $82.0 million, or $0.46 per diluted s ...

First Bancorp (FBP) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.65%. A quarter ago, it was expected that this holding company for FirstBank Puerto Rico would post earnings of $0.43 per share when it actually produced earnings of $0.46, delivering a surprise of 6.98%.Over the las ...

文章核心观点 - 第一财报银行(FBP)预计将在即将发布的财报中报告每股0.43美元的季度收益,同比下降6.5% [1] - 预计收入将达到2.398亿美元,同比增长4.3% [1] - 过去30天内,该季度的共识EPS预测下调了1.1%,反映了分析师对初始预测的集体重新考虑 [1] 公司财务指标总结 效率比率 - 分析师预测效率比率为51.2%,而上年同期为50.7% [2] 净利差 - 分析师预测净利差将达到4.4%,而上年同期为4.2% [2] 生息资产平均余额 - 分析师预测为190.2亿美元,而上年同期为191.1亿美元 [2] 存款账户服务费 - 分析师预测为9.81百万美元,而上年同期为9.55百万美元 [3] 非利息收入总额 - 分析师预测为32.78百万美元,而上年同期为30.30百万美元 [3] 净利息收入 - 分析师预测为208.45百万美元,而上年同期为199.73百万美元 [3]

First Bancorp (FBP) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on October 23, 2024, might help the stock move higher if these key numbers are better t ...

文章核心观点 - 公司的贷款增长预计将低于去年水平,但仍将保持中个位数的增长 [2][3][4][5] - 净利差将在今年下半年进一步扩大,但明年将面临下行压力 [7][8] - 由于费用和拨备支出低于预期,公司2024年和2025年的盈利预测已被上调 [9][10][11] - 公司面临的主要风险是自然灾害,但整体风险较低 [12] - 根据估值分析,公司目前股价存在小幅上涨空间,因此被评级为买入 [13] 贷款增长 - 公司2022年二季度贷款组合增长0.7%(年化2.7%),增速不错 [3] - 管理层对贷款增长持乐观态度,预计今年将实现中个位数的增长 [3] - 但当地经济活动下滑和失业率上升,将限制贷款增长 [4][5] - 预计未来每季度贷款将增长1%,与此前预测基本一致 [5] 净利差 - 净利差在今年二季度环比增加6个基点,管理层认为已触底反弹 [7] - 但随着未来降息,净利差将面临下行压力,200个基点降息可能导致净利息收入下降1.95% [7][8] - 预计下半年净利差将上升8个基点,明年将下降4个基点 [8] 盈利预测 - 费用和拨备支出低于预期,2024年和2025年每股收益预测已分别上调至1.83美元和1.89美元 [9][10][11] - 主要是由于减少了对拨备和营业费用的预测 [10] - 相比之前的预测,每股收益预测已大幅上调 [10] 风险因素 - 自然灾害是公司最大的风险,尤其是在飓风季节 [12] - 证券投资组合存在大额未实现亏损,但预计将在降息后逆转 [12] - 贷款组合和存款业务的风险较低 [12] 评级与估值 - 根据同行平均市净率和市盈率,公司目标价为21.3美元,较当前价格有7.9%的上涨空间 [13] - 加上3.2%的股息收益率,总预期收益率为11.1% [13] - 因此将公司评级从持有上调为买入 [13]