First BanCorp (NYSE:FBP)
$ 19.275 0.135 (0.71%) Market Cap: 3.16 Bil Enterprise Value: 3.09 Bil PE Ratio: 10.65 PB Ratio: 1.86 GF Score: 69/100

Q3 2019 First Bancorp Earnings and Agreement to Acquire Banco Santander Puerto Rico Call Transcript

Oct 22, 2019 / 02:00PM GMT
Release Date Price: $10.56 (+3.02%)
Operator

Good morning, and welcome to the First BanCorp Third Quarter 2019 Results and Acquisition of Banco Santander Puerto Rico Discussion. (Operator Instructions) Please note that this event is being recorded. I would now like to turn the conference over to John Pelling of Investor Relations. Please go ahead.

John B. Pelling
First BanCorp. - IR Officer & Capital Planning Officer

Thank you, Nick. Good morning, everyone, and thank you for joining First BanCorp's conference call and webcast to discuss the company's financial results for the third quarter 2019 as well as the strategic transaction announced after the close yesterday. Joining today from First BanCorp are Aurelio Alemán, President and Chief Executive Officer; and Orlando Berges, Executive Vice President and Chief Financial Officer.

Before we begin today's call, it is my responsibility to inform you that this call may involve certain forward-looking statements such as projections of revenue, earnings and capital structure as well as statements on the plans and objectives of the company's

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