First BanCorp reports Q4 EPS 55c, consensus 51c

Reports Q4 CET1 capital ratio 16.76%. Reports Q4 tangible book value per share $12.29. Reports Q4 net charge-offs .63%. Aurelio Aleman, president and CEO of First BanCorp (FBP), commented: “Our fourth quarter results marked a strong finish to a record year for the franchise underscored by record revenues, positive operating leverage, and stable credit performance. Our results continue to demonstrate the resiliency of our well diversified business model and our ability to deliver consistent service to our clients and strong financial performance for our shareholders.”