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Posted by
Two Blokes Apr 23 -
Filed in
Stock
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13 views
First BanCorp is a high-quality business with strong fundamentals, but its valuation is high, making it a 'hold' despite attractive earnings multiples. The company's net interest income grew in 2024, but non-interest income and net profits declined due to increased costs and one-time gains in 2023. First BanCorp's balance sheet has strengthened with increased deposits, loans, and cash, but its securities value fell, and debt decreased slightly.
