Revenue Update on First Bancorp(NYSE:FBP)

First Bancorp(NYSE:FBP) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $120.23M. Analysts estimated a revenue of $133.48M. Earnings per share were $0.10. Analysts had estimated an EPS of $0.10.

First Bancorp (FBP) shares turned negative on Fridays trading session with the shares closing down -0.08 points or -1.71% at a volume of 4,49,567. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $4.665. The peak price level was also seen at $4.665 while the days lowest was $4.53. Finally the shares closed at $4.59. The 52-week high of the shares is $4.75 while the 52-week low is $2.06. According to the latest information available, the market cap of the company is $996 M.

Several Insider Transactions has been reported to the SEC. On Nov 17, 2015, Ginoris Lopez-lay (EVP) sold 10,000 shares at $3.88 per share price.

First BanCorp. is a financial holding company. The Company serves as the bank holding company for FirstBank Puerto Rico (FirstBank) and FirstBank Insurance Agency Inc. (FirstBank Insurance Agency). Through its wholly owned subsidiaries the Company provides financial services and products with operations in Puerto Rico the United States and the United States Virgin Islands and British Virgin Islands. It focuses on commercial banking residential mortgage loan originations finance leases credit cards personal loans small loans auto loans and insurance agency and broker-dealer activities. It operates in six segments: Commercial and Corporate Banking; Consumer (Retail) Banking; Mortgage Banking; Treasury and Investments; United States Operations and Virgin Islands Operations. It has two wholly owned subsidiaries: FirstBank a Puerto Rico-chartered commercial bank and FirstBank Insurance Agency a Puerto Rico-chartered insurance agency.

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