First Bancorp Reports Q4 Earnings Beat

SAN JUAN, Puerto Rico -- First Bancorp (FBP) reported fourth-quarter profit of $75.7 million, or 46 cents per share, exceeding analysts' estimates of 41 cents per share.

Revenue reached $311.9 million, with net interest income of $241.5 million, also topping Street forecasts.

For the full year, the company posted profit of $298.7 million ($1.81 per share) and revenue of $938.2 million.