First BanCorp.: Strong Margin Power And A Growing Dividend
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First BanCorp. reported strong Q4 results, with revenue and EPS beating estimates. Loans and core deposits grew, indicating healthy banking activity. The net interest margin increased, and the cost of funds decreased, showcasing strong financial performance.
January 23, 2025 | 8:45 pm
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First BanCorp. reported strong Q4 results, with revenue of $241.5 million and EPS of $0.46, both exceeding expectations. The bank showed growth in loans and deposits, improved net interest margin, and reduced cost of funds.
The strong Q4 results, including revenue and EPS beating estimates, indicate positive financial health and operational efficiency. Growth in loans and deposits, along with improved net interest margin and reduced cost of funds, suggests a robust banking environment, likely boosting investor confidence and stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100