First BanCorp. (NYSE:FBP) Q2 2022 Earnings Conference Call July 22, 2022 10:00 AM ET
Company Participants
Ramon Rodriguez - Corporate Strategy and Investor Relations Officer
Aurelio Aleman - President and Chief Executive Officer
Orlando Berges - Executive Vice President and Chief Financial Officer
Conference Call Participants
Brett Rabatin - Hovde Group
Timur Braziler - Wells Fargo
Alex Twerdahl - Piper Sandler
Kelly Motta - KBW
Operator
Hello, and welcome to today's First BanCorp 2Q 2022 Financial Results. My name is Elliot, and I'll be coordinating your call today. [Operator Instructions]
I'd now like to turn the call over to Ramon Rodriguez, Corporate Strategy and Investor Relations Officer. The floor is yours. Please go ahead.
Ramon Rodriguez
Thank you, Elliot. Good morning, everyone and thank you for joining First Bancorp's conference call and webcast to discuss the company's financial results for the second 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, and good morning everyone and thanks for joining us today for joining this earnings call. Let's please move to slide four to discuss the highlights of the quarter. As we reported, we continue to perform exceptionally well during the second quarter, we earned $74.7 million in net income or $0.38 per share and delivered our fifth consecutive increase in adjusted pre-tax, pre-provision income by reaching a record of $118.8 million during the quarter. This result were achieved under a quite challenging global economic backdrop. And definitely demonstrate our capacity to execute and responsibly grow regardless of the operating environment. I would like to thank all our teams in Puerto Rico, Florida and the ECR for the commitment and execution during the first half of the year.