First BanCorp Q4 Adj. EPS $0.49 Beats $0.36 Estimate, Sales $196.68M Miss $206.11M Estimate
Portfolio Pulse from Benzinga Newsdesk
First BanCorp (NYSE:FBP) reported Q4 adjusted EPS of $0.49, surpassing the $0.36 estimate, marking a 22.5% increase from the previous year. However, sales of $196.68M fell short of the $206.11M estimate, a 4.32% decrease from the prior year.
January 24, 2024 | 12:03 pm
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First BanCorp's Q4 earnings exceeded expectations with an EPS of $0.49, but sales underperformed, missing estimates at $196.68M.
The mixed results with an earnings beat and a sales miss could lead to a neutral short-term impact on First BanCorp's stock price. Investors may react positively to the earnings beat but could be concerned about the sales miss, leading to a balanced market sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100