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First Bancorp reports deeper 4Q loss

First Bancorp posted fourth-quarter net loss available to common shareholders of $26.5 million or $1.53 per share, compared to net income of $190 thousand or $0.01 per share in the comparable quarter last year.

On average, three analysts polled by Thomson Reuters expected the company to report a loss of $0.42 per share. Analysts’ estimates typically exclude special items.

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