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First Bancorp posts 4Q profit

By on January 26, 2017

firstbankSANTURCE, Puerto Rico – First Bancorp (FBP) on Thursday reported fourth-quarter profit of $23.6 million.

The bank, based in Santurce, Puerto Rico, said it had earnings of 11 cents per share.

The holding company for FirstBank Puerto Rico posted revenue of $167.5 million in the period. Its adjusted revenue was $144.6 million.

For the year, the company reported profit of $93 million, or 43 cents per share. Revenue was reported as $572.1 million.

First Bancorp shares have increased 4 percent since the beginning of the year. The stock has more than tripled in the last 12 months.

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