First BanCorp. (NYSE:FBP) Q3 2022 Earnings Conference Call October 25, 2022 10:00 AM ET

Company Participants

Aurelio Aleman - President & CEO

Orlando Berges - EVP & CFO

Ramon Rodriguez - Corporate Strategy & IR

Conference Call Participants

Timur Braziler - Wells Fargo

Alex Twerdahl - Piper Sandler

Kelly Motta - KBW

Operator

Thank you for standing by, and welcome to the First BanCorp 3Q 2022 financial results call. My name is Sam, and I'll be your moderator for today’s call. [Operator Instructions]. I'll now turn the call over to our host, Ramon Rodriguez, Corporate Strategy and Investor Relations Officer. Ramon?

Ramon Rodriguez

Thank you, Sam. 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 of 2022. Joining you today from First Bancorp are Aurelio Aleman, 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 business. The company's actual results could differ materially from the forward-looking statements made due to the important factors described in the company's latest SEC filings. The company assumes no obligation to update any forward-looking statements made during the call. If anyone does not already have a copy of the webcast presentation or press release, you can access them at our website at fbpinvestor.com.

At this time, I'd like to turn the call over to our CEO, Aurelio Aleman.

Aurelio Aleman

Thanks, Ramon. Good morning to everyone, and thanks for joining our earnings call today. Before we discuss the highlights, I would like to provide an update regarding Hurricane Fiona's impact on our main market during the latter part of the quarter. The storm primarily caused flooding, property damage, mostly in the south and southwestern western parts of the island, as well as power outages, and I will say, minor businesses. We were able to continue supporting our clients through the event by leveraging our retail and trust service channels, while gradually resuming bank operations the following day. Our headquarters and main buildings remained fully operational during the event, and no major interactions were registered. Most of the business environment resumed their ordinary course of business during the following week. However, we're providing - we provided certain payment deferral programs to our clients (indiscernible). I’d like to take this opportunity to thank all our colleagues for their dedication and response to our client needs. we're highly encouraged by the strength and resiliency shown by all those in this natural disaster. Once again, we continued to practice our contingency plans