First BanCorp Posts $96.1 Million Q3 Profit, Beats Analyst Estimates

First BanCorp. (FBP) reported third-quarter earnings of $96.1 million on Thursday, or 63 cents per share, surpassing Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research had projected earnings of 58 cents per share. The San Juan, Puerto Rico-based holding company for FirstBank Puerto Rico posted revenue of $323.4 million in the period, with revenue net of interest expense at $260.1 million.