First BanCorp’s ( FBP ) valuation is at risk from the tariffs and their impact on the bond market and Puerto Rico’s tourism industry. As a result, I’ve raised my provision expense estimate for loan losses, and consequently, reduced my earningsAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving co ...