NYSE$FBP
First BanCorp/Puerto Rico · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Net income reported for the fourth quarter with organic growth and franchise metric improvement.
First BanCorp reported a net income of $73.2 million, or $0.40 per diluted share, for Q4 2022. The loan portfolio grew by $254.3 million, and the net interest margin expanded by 6 basis points. The efficiency ratio was 48.02%. Core deposits decreased by $314.9 million.
- Net income was $73.2 million, or $0.40 per diluted share.
- Pre-tax, pre-provision income reached $122.2 million.
- Loan portfolio grew by $254.3 million, driven by commercial and consumer business segments.
- Net interest margin expanded by 6 basis points.
Headline financials
Revenue & EPS history
First BanCorp · Revenue · Quarterly
$206M
Revenue by segment
First BanCorp · $30.4M total across 3 segments · Q4 2020
- Other Income$14.5M—47.7%
- Deposit Charges$8.33M—27.4%
- Mortgage Banking$7.55M—24.9%
Forward guidance
First BanCorp. remains vigilant to changing global economic conditions and the effect that restrictive monetary policies may continue to have on the overall inflationary environment. The organization believes that it has ample experience navigating uncertainty and is well equipped to manage rising market challenges going into the next cycle. The company is highly encouraged by the growth prospects in its main market which should continue to benefit from rebuilding activity over the next few years.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2022
+0.6%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+1.9%
Avg return
30 days after
54%
35 / 65 earnings
Positive
+15.0%
Q4 2015
Best reaction
-13.6%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.7% | +0.8% | +0.3% | |
| Q4 2025 | +5.2% | +5.9% | +6.2% | |
| Q3 2025 | -2.4% | -3.9% | -1.8% | |
| Q2 2025 | +0.2% | -0.7% | +1.3% | |
| Q1 2025 | +0.1% | +1.5% | +3.4% | |
| Q3 2024 | -5.3% | -4.0% | +4.4% | |
| Q2 2024 | +1.4% | +3.6% | -2.2% | |
| Q1 2024 | +2.7% | +0.1% | +2.6% | |
| Q4 2023 | +6.0% | +9.5% | +4.3% | |
| Q3 2023 | -3.8% | -5.3% | +11.3% | |
| Q2 2023 | +2.0% | +4.6% | -5.3% | |
| Q1 2023 | +2.2% | +3.6% | +1.5% | |
| Q4 2022 | -3.9% | +3.0% | +6.4% | |
| Q3 2022 | -5.6% | -1.9% | -4.6% | |
| Q2 2022 | +2.3% | +3.9% | +7.4% | |
| Q1 2022 | +3.5% | +5.6% | +15.4% | |
| Q4 2021 | -6.3% | -4.2% | -6.9% | |
| Q3 2021 | +4.0% | -3.0% | +4.2% | |
| Q2 2021 | +2.0% | +3.1% | +7.4% | |
| Q1 2021 | +2.3% | +4.0% | +4.2% | |
| Q4 2020 | -2.6% | -1.6% | +9.0% | |
| Q3 2020 | +4.8% | +5.1% | +27.6% | |
| Q2 2020 | +2.5% | -3.7% | +2.3% | |
| Q1 2020 | -13.6% | -15.7% | -11.5% | |
| Q4 2019 | -5.9% | -5.9% | -35.3% | |
| Q3 2019 | +2.5% | +5.2% | +1.5% | |
| Q2 2019 | -0.9% | +1.7% | -10.1% | |
| Q1 2019 | -3.8% | -0.9% | -12.5% | |
| Q4 2018 | +7.0% | +1.6% | +5.1% | |
| Q3 2018 | +2.8% | +2.5% | -1.0% | |
| Q2 2018 | +0.2% | -1.2% | +9.0% | |
| Q1 2018 | +3.4% | +4.9% | +12.8% | |
| Q4 2017 | +5.5% | +6.8% | +7.3% | |
| Q3 2017 | -3.1% | -7.4% | -2.5% | |
| Q2 2017 | +0.0% | +1.4% | -2.4% | |
| Q1 2017 | +10.0% | +6.7% | -2.0% | |
| Q4 2016 | -2.2% | -1.1% | -10.4% | |
| Q3 2016 | +1.5% | -2.6% | +25.7% | |
| Q2 2016 | -0.2% | -1.5% | +3.9% | |
| Q1 2016 | +8.1% | — | — | |
| Q4 2015 | +15.0% | — | — | |
| Q3 2015 | -5.6% | — | — | |
| Q2 2015 | -2.7% | — | — | |
| Q1 2015 | -4.2% | — | — | |
| Q4 2014 | +8.2% | — | — | |
| Q3 2014 | +9.1% | — | — | |
| Q2 2014 | -0.2% | — | — | |
| Q1 2014 | -2.9% | — | — | |
| Q4 2013 | -7.2% | — | — | |
| Q3 2013 | +3.0% | — | — | |
| Q2 2013 | -5.5% | — | — | |
| Q1 2013 | +0.8% | — | — | |
| Q4 2012 | +1.5% | — | — | |
| Q4 2011 | -4.3% | — | — | |
| Q3 2012 | +3.9% | — | — | |
| Q2 2012 | +0.0% | — | — | |
| Q1 2011 | -0.3% | — | — | |
| Q1 2012 | -3.0% | — | — | |
| Q4 2010 | -0.2% | — | — | |
| Q4 2009 | -0.2% | — | — | |
| Q3 2010 | +4.8% | — | — | |
| Q3 2011 | +4.8% | — | — | |
| Q2 2010 | -1.6% | — | — | |
| Q2 2011 | -1.6% | — | — | |
| Q1 2010 | +4.9% | — | — |
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