First Bancorp. (FBP) Tops Q2 EPS by 4c
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First Bancorp. Announces Earnings for the Quarter Ended June 30, 2020
July 28, 2020 7:30 AM EDTNet income of $21.3 million, or $0.09 per diluted share, for the second quarter of 2020, compared to $2.3 million, or $0.01 per diluted share, for the first quarter of 2020. The net income for the second and first quarters of 2020 included the following items of note:
- Provision for credit losses on loans, finance leases and debt securities of $39.0 million for the second quarter of 2020, compared to a provision of $77.4 million for the first quarter of 2020. The provision for the second quarter of 2020 includes a reserve build1 for loans, finance leases and debt securities of $29.1 million ($19.2 million after-tax, or... More
