First Bancorp EVP Kafka Donald sells $839k in shares

Published 14/08/2025, 19:38
First Bancorp EVP Kafka Donald sells $839k in shares

First BanCorp (NYSE:FBP), a $3.4 billion market cap bank with a GREAT financial health score according to InvestingPro, saw Executive Vice President Kafka Donald sell 40,000 shares of company stock on August 12, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at prices ranging from $20.90 to $21.055, with an average price of $20.9936, for a total transaction value of $839744.

Following the transaction, Kafka Donald directly owns 63,810 shares of First BanCorp.

In other recent news, First BanCorp reported its financial results for the second quarter of 2025, surpassing earnings expectations but falling short on revenue. The company achieved earnings per share of $0.50, exceeding the projected $0.46. However, revenue came in at $246.81 million, below the anticipated $251.5 million. These mixed results highlight a strong performance in earnings despite a revenue shortfall. Analysts had forecasted these figures, and the results reflect a nuanced financial situation for the company. This development is part of a series of recent updates concerning First BanCorp. Investors may find the earnings beat encouraging, although the revenue miss provides a more complex picture.

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