First BanCorp. Q2 adjusted earnings Miss Estimates

(RTTNews) - First BanCorp. (FBP) revealed earnings for its second quarter that increased from last year.

The company's bottom line totaled $40.62 million, or $0.19 per share. This compares with $30.36 million, or $0.14 per share, in last year's second quarter.

Excluding items, First BanCorp. reported adjusted earnings of $40.11 million or $0.18 per share for the period.

Analysts had expected the company to earn $0.19 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.3% to $142.55 million from $130.47 million last year.

First BanCorp. earnings at a glance:

-Earnings (Q2): $40.11 Mln. vs. $29.51 Mln. last year. -EPS (Q2): $0.18 vs. $0.14 last year. -Analysts Estimate: $0.19 -Revenue (Q2): $142.55 Mln vs. $130.47 Mln last year.