Live Breaking News & Updates on First Federal Finance Corp

Stay updated with breaking news from First federal finance corp. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

First BanCorp. : Announces Earnings for the Quarter Ended March 31, 2021


Message :
Required fields
Net income of $61.2 million, or $0.28 per diluted share, for the first quarter of 2021, compared to $50.1 million, or $0.23 per diluted share, for the fourth quarter of 2020. The net income for the first quarter of 2021 and fourth quarter of 2020 included the following items of note:
- Provision for credit losses was a net benefit of $15.3 million ($9.5 million after-tax, or an increase of $0.04 per diluted share) for the first quarter of 2021, compared to an expense of $7.7 million ($4.8 million after-tax, or a decrease of $0.02 per diluted share) for the fourth quarter of 2020. The reserve release in the first quarter of 2021 was primarily due to positive changes in the outlook of macroeconomic assumptions to which the reserve is correlated. ....

Puerto Rico , New York , United States , City Of , United Kingdom , Virgin Islands , British Virgin Islands , Banco Santander Puerto , Aurelio Alem , Employee Voluntary Separation Program , Veterans Administration , Small Business Administration Paycheck Protection Program , Lending Program , Firstbank Insurance Agency , Puerto Rico Housing Finance Authority , Corporation Board Of Directors , York Stock Exchange , First Bancorp , Deposit Insurance Corporation , Federal Reserve , First Federal Finance Corp , Government National Mortgage Association , New York Stock Exchange , Securities Exchange , Home Loan Bank , Housing Administration ,