First BanCorp. Reveals Increase In Q4 Bottom Line

(RTTNews) - First BanCorp. (FBP) reported earnings for its fourth quarter that climbed from last year.

The company's bottom line came in at $100.44 million, or $0.46 per share. This compares with $23.50 million, or $0.11 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.16 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 12.6% to $137.70 million from $122.27 million last year.

First BanCorp. earnings at a glance:

-Earnings (Q4): $100.44 Mln. vs. $23.50 Mln. last year. -EPS (Q4): $0.46 vs. $0.11 last year. -Analysts Estimate: $0.16 -Revenue (Q4): $137.70 Mln vs. $122.27 Mln last year.