Investor Presentation dated May 2012

Investor Presentation

Exhibit 99.1

May 2012

Disclaimer

This presentation contains “forward-looking statements” concerning First BanCorp’s (the “Corporation”) future economic performance. The words or phrases “would

be,” “will allow,” “intends to,” “will likely result,” “are expected to,” “expect,” “anticipate,” “look forward,” “should,” “believes” and similar expressions are meant to

identify “forward-looking statements” within the meaning of Section 27A of the Private Securities Litigation Reform Act of 1995, and are subject to the safe harbor

created by such section. The Corporation wishes to caution readers not to place undue reliance on any such “forward-looking statements,” which speak only as of the

date made, and to advise readers that various factors, including, but not limited to, uncertainty about whether the Corporation and FirstBank Puerto Rico (“FirstBank” or

“the Bank”) will be able to fully comply with the written agreement dated June 3, 2010 that the Corporation entered into with the Federal Reserve Bank of New York

(the “FED”) and the order dated June 2, 2010 (the “Order”)that FirstBank entered into with the FDIC and the Office of the Commissioner of Financial Institutions of

Puerto Rico that, among other things, require FirstBank to maintain certain capital levels and reduce its special mention, classified, delinquent and non-performing

assets; the risk of being subject to possible additional regulatory actions; uncertainty as to the availability of certain funding sources, such as retail brokered CDs; the

Corporation’s reliance on brokered CDs and its ability to obtain, on a periodic basis, approval from the FDIC to issue brokered CDs to fund operations and provide

liquidity in accordance with the terms of the Order; the risk of not being able to fulfill the Corporation’s cash obligations or resume paying dividends to the Corporation’s

stockholders in the future due to the Corporation’s inability to receive approval from the FED to receive dividends from FirstBank or FirstBank’s failure to generate

sufficient cash flow to make a dividend payment to the Corporation; the strength or weakness of the real estate markets and of the consumer and commercial credit

sectors and their impact on the credit quality of the Corporation’s loans and other assets, including the Corporation’s construction and commercial real estate loan

portfolios, which have contributed and may continue to contribute to, among other things, the high levels of non-performing assets, charge-offs and the provision

expense and may subject the Corporation to further risk from loan defaults and foreclosures; adverse changes in general economic conditions in the United States and in

Puerto Rico, including the interest rate scenario, market liquidity, housing absorption rates, real estate prices and disruptions in the U.S. capital markets, which may

reduce interest margins, impact funding sources and affect demand for all of the Corporation’s products and services and the value of the Corporation’s assets; an

adverse change in the Corporation’s ability to attract new clients and retain existing ones; a decrease in demand for the Corporation’s products and services and lower

revenues and earnings because of the continued recession in Puerto Rico and the current fiscal problems and budget deficit of the Puerto Rico government; uncertainty

about regulatory and legislative changes for financial services companies in Puerto Rico, the United States and the U.S. and British Virgin Islands, which could affect the

Corporation’s financial performance and could cause the Corporation’s actual results for future periods to differ materially from prior results and anticipated or

projected results; uncertainty about the effectiveness of the various actions undertaken to stimulate the United States economy and stabilize the United States’ financial

markets, and the impact such actions may have on the Corporation’s business, financial condition and results of operations; changes in the fiscal and monetary policies

and regulations of the federal government, including those determined by the Federal Reserve System, the FDIC, government-sponsored housing agencies and

regulators in Puerto Rico and the U.S. and British Virgin Islands; the risk of possible failure or circumvention of controls and procedures and the risk that the

Corporation’s risk management policies may not be adequate; the risk that the FDIC may further increase the deposit insurance premium and/or require special

assessments to replenish its insurance fund, causing an additional increase in the Corporation’s non-interest expense; risks of not being able to recover the assets

pledged to Lehman Brothers Special Financing, Inc.; the impact on the Corporation’s results of operations and financial condition associated with acquisitions and

dispositions; a need to recognize additional impairments on financial instruments or goodwill relating to acquisitions; risks that downgrades in the credit ratings of the

Corporation’s long-term senior debt will adversely affect the Corporation’s ability to access necessary external funds; the impact of the Dodd-Frank Wall Street Reform

and Consumer Protection Act on the Corporation’s businesses, business practices and cost of operations; and general competitive factors and industry consolidation.

The Corporation does not undertake, and specifically disclaims any obligation, to update any “forward-looking statements” to reflect occurrences or unanticipated

events or circumstances after the date of such statements except as required by the federal securities laws. Investors should refer to the Corporation’s Annual Report on

Form 10-K for the year ended December 31, 2011 for a discussion of such factors and certain risks and uncertainties to which the Corporation is subject.

Franchise Overview

Founded in 1948 (63 years)

Headquartered in San Juan, Puerto Rico with

operations in PR, Eastern Caribbean (Virgin

Islands) and Florida

A well diversified operation with over 650,000

retail & commercial customers

2nd largest financial holding company in Puerto

Rico with attractive business mix and

substantial loan market share

A leading bank in the Virgin Islands with over

40% market share

Small presence in Florida serving south Florida

region

151 ATM machines and largest ATM network in

the Eastern Caribbean Region

~2,500 FTE employees

As of March 31, 2012

Eastern Caribbean Region or ECR includes United States and British Virgin Islands

FTE = Full Time Equivalent

Well diversified with significant competitive strengths

Total Assets -

$13.1B

Total Deposits -

$9.9B

Total Loans -

$10.3B

Franchise Overview

Strong and uniquely positioned market franchise in

densely populated operating footprints

Strong market share in loan portfolios facilitates

customer relationship expansion and cross sell to

increase deposit share

Unique challenger to Puerto Rico’s largest player

Puerto

Rico

Total

Assets

Puerto

Rico

Total

Loans

Puerto

Rico

Deposits,

Net

Brokered

Portfolio

Balance

Market

Banco Popular

$25,678

36.3%

FirstBank

$10,840

15.3%

Scotiabank

$8,122

11.5%

Oriental Bank

$6,642

9.4%

Banco Santander

$6,587

9.3%

Doral Bank

$5,728

8.1%

BBVA

$5,016

7.1%

Citibank

$1,699

2.4%

Banco Cooperativo

$473

0.7%

BBU

0.0%

Total

$70,789

100%

Institutions

Portfolio

Balance

Market

Banco Popular

$19,150

36.4%

FirstBank

$8,743

16.6%

Scotiabank

$5,778

11.0%

Banco Santander

$5,348

10.2%

Doral Bank

$4,272

8.1%

BBVA

$3,700

7.0%

Oriental Bank

$1,731

3.3%

Citibank

$678

1.3%

Bank of America

$501

1.0%

Banco Cooperativo

$176

0.3%

Other

$2,522

4.8%

Total

$52,599

100%

Institutions

Portfolio

Balance

Market Share

Banco Popular

$17,855

45.8%

Banco Santander

$4,730

12.1%

FirstBank

$4,099

10.5%

Scotiabank

$3,395

8.7%

BBVA

$2,702

6.9%

Oriental Bank

$2,144

5.5%

Doral Bank

$1,973

5.1%

Citibank

$1,706

4.4%

Banco Cooperativo

$401

1.0%

BBU

$15

0.0%

Total

$39,019

100%

Institutions

Puerto Rico

ECR

Florida

Banking Branches

Wholesale Banking

Retail Banking

Consumer Lending

Mortgage Banking

Insurance

Retail Brokerage

Wholesale Brokerage

($ in millions)

1 Puerto Rico only; 2 Credit Cards provided through alliance with Bank of America; FirstBank has signed a definitive agreement with FIA Card Services, N.A. to acquire the FirstBank-branded credit card

portfolio of approximately $400 MM. Transaction is expected to close during the second quarter of 2012. 3 Provided through alliance with UBS; 4 Established primarily for municipal financing

Source: PR Market Share Report prepared with data provided by the Commissioner of Financial Institutions of Puerto Rico as of 12/31/2011

Building Franchise Value

Executing Strategic Plan Toward Goal to Return to Profitability

During

the

recent

cycle

(consolidations,

capital

raise,

economic

challenges),

Management

focused

on strengthening the franchise and succeeded in solidifying its strong #2 position in PR

Franchise Value

Expanding products mix and maximizing cross selling opportunities

Growing core deposits

Sustaining

well

diversified

loan

production

across

multiple

line

businesses

and

geographies

Managing expenses carefully; continued focus on operational excellence

Capital

Strong capital base to support execution of Strategic Plan

Risk Management

Proactive approach to risk management

In compliance with Regulatory Agreements

Enhancing BOD talent with additional financial and risk management expertise

Balance Sheet

Improving risk profile; focusing on reducing NPAs

Executing on opportunities to reduce cost of funds

Building Franchise Value

Puerto Rico

Opportunities for ongoing market share gains on selected

products based on fair share of market

Largest opportunity on deposit products, electronic

banking & transaction services

Selected loan products growth for balanced risk/return

to manage risk concentration and diversify income

sources

Signed definitive agreement to acquire FirstBank-branded

credit card portfolio from FIA Card Services, N.A.

Diversifies revenue stream and loan portfolio

composition

Opportunity to broaden and deepen relationships

Florida

Expansion prospects in Florida given long term

demographic trends

Continue focus in core deposit growth, commercial and

transaction banking and conforming residential

mortgages

Virgin Islands

Solidify leadership position by further increasing customer

share of wallet

Targeted strategies for growth

Rank

Market Share in Main Market

15%

17%

13%

19%

16%

12%

11%

85%

92%

83%

87%

81%

84%

91%

84%

88%

89%

94%

91%

94%

90%

89%

Assets

Personal Loans

Commercial Loans

Construction

Auto/Leasing

Small Personal Loans

Mortgage Originations

Credit Cards

Insurance

ACH Transactions

POS Terminals

ATM Terminals

Debit Cards

Deposits

Branches

FirstBank

Other Banks

1 Puerto Rico only

Source: Office of the Commissioner of Financial Institutions of Puerto Rico as of 12/31/2011 and internal reports; commercial loans include loans collateralized by real estate; Insurance

share is for income information included in regulatory reports filed by banks for the year 2009; credit cards include portfolio managed by FIA Card Services

1 Net of Brokered CDs

Successful execution of deposit growth strategy; $110 MM

during 1Q 2012 and $1.2B since 2009

Deposit customers grew 2% and deposit fee income by 9%

during 1Q 2012 reflecting the strength of our franchise

Expanded electronic services offering to support deposit

growth strategy

Cost of interest bearing deposits, net of brokered CDs,

decreased to 1.28% from 1.79% in 2010

Reduced reliance on brokered CDs

36% of deposits are brokered CDs, down from 60% in 2009

Building Franchise Value

Successful core deposits growth over recent years

($ in millions)

Deposits, Net of Brokered CDs

Total Deposit Composition

Cost of Deposits

–

$1,505

$2,090

$2,126

$2,055

$448

$470

$481

$487

$774

$763

$915

$963

$2,381

$2,477

$2,654

$2,781

$5,800

$6,176

$6,286

$6,500

2009

2010

2011

Mar 2012

CDs & IRAs

Government

Commercial

Retail

$5,108

2.20%

1.79%

1.51%

1.28%

1.87%

1.56%

1.34%

1.13%

0.00%

1.00%

2.00%

3.00%

2009

2010

2011

1Q 2012

Interest Bearing Deposits, Net of Brokered CDs

Total Deposits, Net of Brokered CDs

Well Diversified Loan Portfolio

Repositioned the balance sheet during 2009-2011 as a

capital preservation strategy

Strong loan originations in core businesses, $569 MM

during 1Q 2012

Implementing strategies to increase Consumer and

Residential Mortgage loan originations

Expanding products mix in commercial and small &

middle market business

Strong Origination Capabilities

($ in millions)

Loan Portfolio

Asset Composition

Loan Originations

Improved Risk Profile

Reduced

NPLs

32%

since

peak

2010

Reduced exposure to construction loans by 74% since peak, a

major driver of losses

Stabilized migration to NPL

Decreasing charge-off trend; lowest level since 2Q 2009

Heightened focus on opportunistic loan sales, organic workouts,

note sales and OREO disposition through Special Assets Group

Commercial NPLs are being carried at ~60% of unpaid principal

balance, net of specific reserves

1 As of March 31, 2012

2 Net Carrying Amount = % of carrying value net of reserves and accumulated charge-offs

($ in millions)

Allowance coverage ratio of 4.7%

Net Charge-offs

Non-performing Assets

Book Value

Accumulated

Charge-offs

Reserves

Net Carrying

Amount

C & I

264

57%

Construction

231

124

51%

CRE

244

75%

Total

739

232

156

60%

Commercial Non-performing Loans

Focus on Rebuilding Earnings

1Q 2012 Highlights

Losses for the quarter were reduced to $7 MM when excluding the effect of the $6.2 MM non-cash charge on the

equity

interest

venture

activities,

reduction

from

the

prior

quarter

Improvement of $6.3 MM in pre-tax pre-provision income

Improvement

bps

net-interest

margin

reaching

3.20%

for

the

quarter

compared

2.99%

the

last

quarter

Continued trend of reductions in provision for loan losses, the fifth consecutive quarter of reduction

Capital remains strong with total capital ratio, tier 1 and leverage reaching 17.36%, 16.04% and 12.31%, respectively

1 Non-GAAP financial measure

2 Fair value adjustments on derivatives and financial liabilities measured at fair value

3 See reconciliation on page 19

4 See reconciliation on page 20. All share and per share data have been adjusted to retroactively reflect the 1-for-15 reverse stock split effected January 7, 2011

Stable PTPP earnings with realizable opportunities for improvement

($ in millions, except per share results)

Income Statement

1Q 2012

4Q 2011

3Q 2011

2Q 2011

1Q 2011

Net interest income, excluding valuations

101.6

100.3

96.8

95.6

106.5

Valuations

0.3

(1.7)

(2.5)

(1.2)

(0.2)

GAAP Net Interest Income

101.9

98.6

94.3

94.4

106.3

Provision for loan and lease losses

36.2

42.0

46.4

59.2

88.7

Non-interest income

14.7

13.0

18.4

40.4

40.5

Equity in (losses) gains of unconsolidated entities

(6.2)

1.7

(4.4)

(1.5)

Non-interest expense

85.2

85.9

83.0

86.4

82.9

Pre-tax net loss

(11.0)

(14.6)

(21.1)

(12.3)

(24.8)

Income tax (expense) benefit

(2.1)

(0.2)

(2.9)

(2.6)

(3.0)

Net loss

(13.1)

(14.8)

(24.0)

(14.9)

(27.8)

Adjusted Pre-tax pre-provision earnings

1,3

34.8

28.5

29.1

30.0

42.0

Net Interest Margin, excluding valuations (%)

3.20%

2.99%

2.82%

2.64%

2.83%

Net (loss) income per common share-basic

2,4

(0.06)

1.36

(1.46)

(1.04)

(1.66)

Path to Profitability

Executing on Key Profitability Improvement Opportunities

$2.5B in Brokered CDs maturing in the next 12 months with avg. cost of 2.08%;

new issuance at current rates could range between 70-90 bps

Core deposit pricing reduction

Focus on Rebuilding Earnings

Achieve additional reduction of NPAs and classified assets

Continue to execute core deposit strategic plan

Rebuild pre-tax pre-provision income

Re-energizing loan production in key focus areas: consumer, auto,

residential mortgages & small commercial

Maximize fee income growth

Develop credit card business to increase revenues & cross sell opportunity

Further reductions in funding costs

Increase OREO disposition efficiency

Execute process improvement and efficiency initiatives

Summary of Investment Opportunity

Strong and uniquely positioned franchise with strengthened capital base

Stable pre-tax, pre-provision earnings with realizable opportunities for

improvement

Executing on our strategic plan

Continued improvements in asset quality

Core-deposit plan

Disciplined ongoing expense management

Fully

reserved

deferred

tax

asset

$371.2

that

will

accrete

capital

the Corporation turns to profitability

Committed management team with proven execution skills

Attractive valuation on a pro-forma tangible book value basis

–

Exhibits

Investor Presentation

May 2012

Stock Profile

Trading Symbol:

•

FBP

Exchange:

•

NYSE

Price

(5/15/12):

•

$3.99

Shares Outstanding:

•

206,134,458

Market Capitalization

(5/15/2012):

•

$822.5 MM

1 Yr. Average Daily Volume:

•

175,256

Price

(5/15/2012)

Tangible

Book

(3/31/2012):

•

0. 616x

¹Includes the U.S. Treasury warrant that entitles it to purchase up to 1,285,899 shares of Common Stock at an exercise price of $3.29 per share, as adjusted as a result of the issuance of shares of

Common Stock in the Corporation’s recently completed $525MMprivate placement of Common Stock (the “Capital Raise”). The exercise price and the number of shares issuable upon exercise of the

warrant are subject to further adjustments under certain circumstances to prevent dilution. The warrant has a 10-year term from its issue date and is exercisable in whole or in part at any time.

Beneficial Owner

Amount

Percent of

Class

Entities affiliated with Thomas H. Lee

Partners, L.P.

50,684,485

24.59%

Entities affiliated with Oaktree Capital

Management, L.P.

50,684,485

24.59%

Wellington Management Company, LLP.

20,336,087

9.87%

United States Department of the

Treasury¹

34,227,696

16.50%

5% or more Beneficial Ownership

Economic Environment Continues to Stabilize

Puerto Rico

Economic Activity Index continues to reflect stabilization with certain

improving trends

Government efforts to control fiscal imbalances have been showing

results

The deficit as of January 2009 was $3B; it was reduced to $2.1B in 2010,

to $1B in 2011, to $610 MM in 2012 and is projected at $332 MM for

fiscal year 2013

Public/private partnerships (PPPs) are in process to improve

physical/functional infrastructure and build strategic/regional projects

to jump-start the economy

PPP for Toll Roads PR-22 and PR-5 / $1.4B investment

PPP for Modernization and New construction of Schools / $756 MM

investment

Others

are

currently

process

–

PPP

for

Energy

(Via

Verde),

Puerto

Rico

Aqueduct

and

Sewer

Authority

and

Luis

Muñoz

Marín

International Airport / final bid submission is scheduled for June

2012

In July 2011, Commonwealth issued bonds of $300 MM for

infrastructure projects to continue stimulating the economy

GDB -

Economic Activity Index

Puerto

Rico

GNP

Yearly

Growth

2000

–

2010²

Despite the recent Moody’s downgrade of PR’s General Obligation

Bond and other associated credits, investors continued to show their

confidence by purchasing more than $2B in bonds for the Schools of the

21st

Century

Projects,

Housing

incentives

enacted

Puerto

Rico

were extended up to December 2012

Retail Sales show a stable trend over the last two years

New car sales have shown a positive year over year trend since

December 2009

Stabilization of the banking system was reflected in financial results and

a leveling of assets in the overall system

In April 2012, Moody's placed on review for downgrade certain ratings

of three Puerto Rican banks due to a weakened economy

The Puerto Rico Electric Power Authority (PREPA) concluded the sale of

a $650 MM bond issue in April 2012

In April 2012, Moody’s placed COFINA on review for possible

downgrade as a result of a change in their special tax rating

methodology

During 2012 the Government has been accessing the market to take

advantage of the low rate environment and reduce their borrowing

cost. More than $6B have been issued to refund existing debt and

reduce borrowings cost

–

1 GDB Puerto Rico (www.bgfpr.com). Index and its indicators are subject to monthly revisions. Data used for GDB-EAI is adjusted for seasonality and variability.

2 PR Planning Board (www.jp.gobierno.pr). GNP in millions and at constant prices of 1954. Estimate as of April 19, 2012. Years are from July 1 to June 30 of next year (fiscal year)

Economic Environment Continues to Stabilize

Virgin

Island’s

Unemployment

Rate

Florida

single

family

median

home

price

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

Statewide

Fort Lauderdale

Miami

Orlando

Tampa

8.0%

7.9%

8.3%

8.1%

8.5%

9.4%

9.2%

9.7%

8.7%

8.8%

9.0%

9.5%

8.5%

9.6%

10.4%

11.0%

10.4%

10.6%

7.5%

7.3%

7.1%

8.3%

7.6%

8.1%

8.6%

4.0%

12.0%

Jan-10

Mar-10

May-10

Jul-10

Sep-10

Nov-10

Jan-11

Mar-11

May-11

Jul-11

Sep-11

Territory

St. Croix

St. Thomas/ St. John

Virgin Islands

During March 2012, unemployment rate increased to 9%

from 8.5% in March 2011

740,121 cruise passengers arrived in the 1Q 2012,

representing a growth of 1% over same period, last year.

In 1Q 2012, air visitor arrivals increased 10% over last

year’s first quarter

During 4Q11, hotel rooms nights occupied remained flat

with the same quarter in the prior year

Total building permit values decreased of 4.3% during the

year 2011 compared to the prior year

Florida

Number of homes sold increased 8% in 2011 compared to

last year but average sales price dropped 3% to $131,700

December

unemployment

rate

was

9.9%.

reflects

0.1 point decrease compared to November

Total number of tourist visitors for the 3Q11 decreased by

3.77%, when compared to 2Q11, reaching 20.4 MM

Number of total residential building permits issued

increased 11% in 2011 versus 2010

Florida Association of Realtors, Moody’s Economy.com

Seasonally adjusted, preliminary data provided by the U.S. Bureau of Labor Statistics

VI Bureau of Economic Research, Bureau of Labor Statistics, US Census

Non-performing Assets

1 Collateral pledged with Lehman Brothers Special Financing, Inc.

($ in millions)

Mar 2012

Dec 2011

% change

Non-performing loans

Residential mortgage

341.2

338.2

0.9%

Commercial mortgage

244.4

240.4

1.7%

Commercial & Industrial

263.6

270.2

-2.4%

Construction

231.1

254.8

-9.3%

Consumer Loans & Finance Leases

39.1

39.6

-1.3%

Total non-performing loans

1,119.4

1,143.2

-2.1%

REO

135.9

114.3

18.9%

Other repossessed property

12.5

15.4

-18.8%

Other assets¹

64.5

0.0%

Total non-performing assets

1,332.3

1,337.4

-0.4%

Venture Accounting

Loans purchased by the Venture are stated in the financial statements under the fair value option, where fair

value

determined

discounting

the

projected

cash

flows

discount

rate

that

reflects

the

expected

timing of collection of such cash flows

FirstBank accounts for the Venture as an unconsolidated subsidiary using the “hypothetical liquidation book

value method”

where net assets are presumed to be liquidated at the reported amounts following the “cash

flow waterfall”

specified in the contract for cash distributions among the partners. The difference between the

“claim on book value”

at the end of the period as compared to the beginning of the period represents the

current period share of the earnings and losses

The impact for 1Q 2012 was $6.2 MM

Adjusted Pre-tax, Pre-provision Income Reconciliation

($ in thousands)

1Q 2012

4Q 2011

3Q 2011

2Q 2011

1Q 2011

Loss before income taxes

(11,049)

(14,600)

(21,158)

(12,318)

(24,834)

Add: Provision for loan and lease losses

36,197

41,987

46,446

59,184

88,732

Less: Net (gain) loss on sale and OTTI of investment

securities

1,207

1,014

(12,156)

(21,342)

(19,341)

Less: Gain on sale of FirstBank Insurance VI

(2,845)

Add: Unrealized loss (gain) on derivatives instruments

and liabilities measured at fair value

(283)

1,746

2,555

1,162

253

Add: Contingency adjustment - tax credits

2,489

Add: Loss on early extinguishment of repurchase

agreement

9,012

1,823

Add: Equity in losses (earnings) of unconsolidated

entities

6,236

(1,666)

4,357

1,536

Adjusted Pre-tax, pre-provision income

34,797

28,481

29,056

30,045

41,965

Quarter Ended

1 Includes a non-cash adjustments of $0.2 MM for the quarter ended June 30, 2011 as an acceleration of the Series G preferred stock discount accretion pursuant to amendments to the exchange agreement with the

U.S. Treasury, the sole holder of the Series G Preferred Stock.

2 Excess of carrying amount of the Series G Preferred Stock exchanged over the fair value of new common shares issued in the fourth quarter of 2011.

Reconciliation of the (Loss) Earnings per Common Share

($ in thousands, except per share information)

1Q 2012

4Q 2011

3Q 2011

2Q 2011

1Q 2011

Net loss

(13,182)

(14,842)

(24,046)

(14,924)

(28,420)

Cumulative convertible preferred stock dividend (Series G)

(997)

(5,302)

Preferred stock discount accretion (Series G)¹

(145)

(1,795)

(1,979)

(1,715)

Favorable impact from issuing common stock in exchange for

Series G preferred stock, net of issuance costs²

277,995

(13,182)

262,011

(31,143)

(22,205)

(35,437)

Convertible preferred stock dividends and accretion

1,142

(13,182)

263,153

(31,143)

(22,205)

(35,437)

Average common shares outstanding

205,217

192,546

21,303

Average potential common shares

2,195

205,217

194,741

21,303

Basic (loss) earnings per common share

(0.06)

1.36

(1.46)

(1.04)

(1.66)

Diluted (loss) earnings per common share

(0.06)

1.35

(1.46)

(1.04)

(1.66)

Net (loss) income attributable to common stockholders - basic

Net (loss) income attributable to common stockholders - diluted

Average common shares outstanding - assuming dilution