First BanCorp reports $0.62 non-GAAP EPS, beating expectations, while revenue misses slightly at $264.8M.
First BanCorp posted second-quarter non-GAAP earnings per share of $0.62, surpassing estimates by $0.08. Revenue reached $264.8 million, up 7.3% year-over-year but missing forecasts by $0.5 million.
Net interest income climbed to $229.1 million from $221.0 million in the prior period. The increase was driven by a $1.6 million rise in net interest income attributable to core banking activities.
The results reflect steady growth in interest income despite a slight revenue shortfall.