First BanCorp. Q4 Earnings Rise 59%

(RTTNews) - First BanCorp. (FBP) released a profit for its fourth quarter that rose compared to the same period last year.

The company said its bottom line climbed to $23.86 million, or $0.11 per share. This was higher than $14.97 million, or $0.07 per share, in last year's fourth quarter.

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

The company said revenue for the quarter fell 3.3% to $121.06 million. This was down from $125.21 million last year.

First BanCorp. earnings at a glance:

-Earnings (Q4): $23.86 Mln. vs. $14.97 Mln. last year. -Earnings Growth (Y-o-Y): 59.4% -EPS (Q4): $0.11 vs. $0.07 last year. -EPS Growth (Y-o-Y): 57.1% -Analysts Estimate: $0.09 -Revenue (Q4): $121.06 Mln vs. $125.21 Mln last year. -Revenue Change (Y-o-Y): -3.3%