• First BanCorp FBP.N reported quarterly adjusted earnings of 62 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 50 cents. The mean expectation of seven analysts for the quarter was for earnings of 54 cents per share. Wall Street expected results to range from 51 cents to 56 cents per share.

• Revenue rose 6.1% to $229.13 million from a year ago; analysts expected $251.37 million.

• First BanCorp's reported EPS for the quarter was 62 cents​.

• The company reported quarterly net income of $96.15 million.

• First BanCorp shares had risen by 6.0% this quarter and gained 33.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 2% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for First BanCorp is $28.50, about 3% above its last closing price of $27.64

This summary was machine generated from LSEG data July 22 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)