View ValuationFirst BanCorp 향후 성장Future 기준 점검 0/6First BanCorp 의 수익은 연간 0.6% 감소할 것으로 예상되는 반면, 연간 수익은 7.9% 로 증가할 것으로 예상됩니다. EPS는 연간 4.6% 만큼 성장할 것으로 예상됩니다.핵심 정보-0.6%이익 성장률4.62%EPS 성장률Banks 이익 성장8.2%매출 성장률7.9%향후 자기자본이익률n/a애널리스트 커버리지Good마지막 업데이트04 May 2026최근 향후 성장 업데이트Price Target Changed • Jul 26Price target increased by 11% to US$23.00Up from US$20.67, the current price target is an average from 5 analysts. New target price is 5.4% above last closing price of US$21.83. Stock is up 48% over the past year. The company is forecast to post earnings per share of US$1.73 for next year compared to US$1.72 last year.모든 업데이트 보기Recent updates내러티브 업데이트 • May 01FBP: Upgraded Outlook And Buybacks Will Support Balanced Medium Term Upside PotentialFirst BanCorp's analyst price target has been lifted from $24.00 to about $25.67, as analysts factor in updated views on fair value, discount rate, revenue growth, profit margin and future P/E following several recent price target increases and an upgrade in Street research. Analyst Commentary Recent Street research on First BanCorp clusters around higher price targets and an upgrade, with analysts revisiting their assumptions on earnings power, appropriate P/E, and execution risks.Declared Dividend • Apr 26First quarter dividend of US$0.20 announcedShareholders will receive a dividend of US$0.20. Ex-date: 28th May 2026 Payment date: 12th June 2026 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 31% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover.New Risk • Apr 24New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.4% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (US$861k sold).공시 • Apr 23+ 1 more updateFirst Bancorp. Declares Quarterly Cash Dividend on Common Stock, Payable on June 12, 2026First BanCorp. announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share on its outstanding common stock. The dividend is payable on June 12, 2026 to shareholders of record at the close of business on May 28, 2026.Reported Earnings • Apr 23First quarter 2026 earnings: EPS exceeds analyst expectationsFirst quarter 2026 results: EPS: US$0.57 (up from US$0.47 in 1Q 2025). Revenue: US$241.4m (up 8.1% from 1Q 2025). Net income: US$88.8m (up 15% from 1Q 2025). Profit margin: 37% (up from 35% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Apr 07New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (US$861k sold).공시 • Mar 26First BanCorp., Annual General Meeting, May 06, 2026First BanCorp., Annual General Meeting, May 06, 2026.공시 • Mar 17First BanCorp. to Report Q1, 2026 Results on Apr 22, 2026First BanCorp. announced that they will report Q1, 2026 results Pre-Market on Apr 22, 2026Reported Earnings • Mar 03Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: US$2.16 (up from US$1.82 in FY 2024). Revenue: US$914.9m (up 4.3% from FY 2024). Net income: US$344.9m (up 15% from FY 2024). Profit margin: 38% (up from 34% in FY 2024). The increase in margin was primarily driven by higher revenue. Net interest margin (NIM): 4.75% (up from 4.36% in FY 2024). Cost-to-income ratio: 49.8% (down from 51.9% in FY 2024). Non-performing loans: 0.70% (up from 0.69% in FY 2024). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 2.4%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Feb 19Upcoming dividend of US$0.20 per shareEligible shareholders must have bought the stock before 26 February 2026. Payment date: 13 March 2026. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of American dividend payers (4.2%). Higher than average of industry peers (2.4%).분석 기사 • Feb 10First BanCorp's (NYSE:FBP) Shareholders Will Receive A Bigger Dividend Than Last YearThe board of First BanCorp. ( NYSE:FBP ) has announced that it will be paying its dividend of $0.20 on the 13th of...공시 • Feb 10+ 1 more updateFirst Bancorp. Announces Executive ChangesFirst BanCorp. announced that Orlando Berges, Executive Vice President will retire from the Corporation effective June 30, 2026, after close to 17 years of distinguished service. Mr. Berges joined the Corporation in May 2009 and has played a central leadership role in the Corporation’s transformation and long-term strengthening. Throughout his tenure, he led the Finance organization with discipline, transparency, and strategic vision. His contributions were instrumental in recapitalizing the institution and guiding it through its turnaround, adhering to the highest level of financial reporting standards, executing major acquisitions and integrations, enhancing capital planning and balance sheet strength, and contributing to the profitability and stable capital position that characterize FirstBank now. The Corporation also announced that Said Ortiz, currently Senior Vice President and Chief Accounting Officer, has been appointed Executive Vice President, effective July 1, 2026. Mr. Ortiz initially joined the Corporation in 2013 and brings more than 19 years of experience in accounting, auditing, and financial management, including leadership roles at global professional public accounting firms. As a key leader within the Controller’s and Finance divisions, he has played a significant role in strengthening the Corporation’s financial reporting, controls, and accounting functions. His extensive experience and record of performance make him exceptionally well prepared to assume the CFO role. Mr. Berges and Mr. Ortiz will work closely over the coming months to ensure a seamless transition.New Risk • Feb 03New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (US$754k sold).Recent Insider Transactions • Jan 30Executive VP & Business Group Director recently sold US$754k worth of stockOn the 28th of January, Thomas McDonald sold around 34k shares on-market at roughly US$22.11 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$5.1m more than they bought in the last 12 months.Declared Dividend • Jan 28Fourth quarter dividend increased to US$0.20Dividend of US$0.20 is 11% higher than last year. Ex-date: 26th February 2026 Payment date: 13th March 2026 Dividend yield will be 3.4%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by earnings (34% payout ratio) and is expected to be well covered in 3 years' time (32% forecast payout ratio). The dividend has increased by an average of 29% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 9.2% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jan 27Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: US$2.16 (up from US$1.82 in FY 2024). Revenue: US$914.9m (up 4.0% from FY 2024). Net income: US$344.9m (up 15% from FY 2024). Profit margin: 38% (up from 34% in FY 2024). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 2.4%. Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.공시 • Jan 27First BanCorp. Announces Net Charge Off for the Fourth Quarter Ended December 31, 2025First BanCorp. announced net charge off for the fourth quarter ended December 31, 2025. Net charge-offs were $20.4 million for the fourth quarter of 2025, or an annualized 0.63% of average loans, compared to $19.9 million, or an annualized 0.62% of average loans, in the third quarter of 2025. The $0.5 million increase in net charge-offs was driven by a $0.3 million increase in consumer loans and finance leases net charge-offs, mainly in the unsecured loan portfolio, and a $0.3 million recovery associated with a construction loan in the Florida region during the third quarter of 2025.공시 • Jan 26First BanCorp. Increases Quarterly Cash Dividend on Common Stock, Payable on March 13, 2026First BanCorp. announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share, which represents an increase of 11% or $0.02 per common share compared to its most recent dividend paid in December 2025. The dividend is payable on March 13, 2026 to shareholders of record at the close of business on February 26, 2026.내러티브 업데이트 • Jan 26FBP: Future Share Repurchases And Neutral Rating Will Support Upside PotentialAnalysts have adjusted their price target on First BanCorp slightly, trimming fair value from about US$24.17 to US$24.00 as they factor in updated views on revenue growth, profit margins, a modestly lower future P/E multiple and recent neutral-rated coverage. Analyst Commentary Bullish Takeaways Bullish analysts view the neutral rating as consistent with a stock that is roughly aligned with their assessment of fair value around US$24.00, rather than signaling a clear mispricing.내러티브 업데이트 • Jan 09FBP: Future Share Repurchases Will Underpin Returns Despite Margin ConstraintsAnalysts have nudged their price target on First BanCorp down by $1 to $24, reflecting slightly softer assumptions for net interest margin expansion and earnings power over the next few years. Analyst Commentary Recent Street research on First BanCorp reflects a mixed but fairly balanced view, with both optimistic and cautious perspectives now coalescing around a US$24 price target.Seeking Alpha • Jan 01Improvements Justify An Upgrade For First BanCorpSummary First BanCorp is upgraded to a soft ‘buy’ as core deposits and asset quality improve, supporting a more bullish stance. FBP’s net interest margin has risen to 4.74%, with profitability and return metrics now outpacing peer banks despite higher price-to-book multiples. Management’s optimism is evident through a new $200 million share buyback program and continued dividend payments. Non-performing assets are slightly above preferred levels, but overall balance sheet and earnings trends remain positive. Read the full article on Seeking Alpha내러티브 업데이트 • Dec 24FBP: Future Share Repurchases Will Support Returns Despite Margin HeadwindsAnalysts have trimmed their average price target on First BanCorp by about $1 to $24, reflecting more cautious expectations for net interest margin expansion and limited upside, with the bank already operating at a high level. Analyst Commentary Recent research updates present a more balanced view on First BanCorp, with adjustments to price targets and earnings forecasts reflecting both confidence in execution and recognition of a moderating growth outlook.공시 • Dec 23First BanCorp. to Report Q4, 2025 Results on Jan 27, 2026First BanCorp. announced that they will report Q4, 2025 results Pre-Market on Jan 27, 2026내러티브 업데이트 • Dec 10FBP: Share Repurchases Will Support Future Returns Despite Margin ConstraintsAnalysts have trimmed their price target on First BanCorp to $24.00 from a prior range of $25.00 to $26.00, citing a more constrained outlook for net interest margin expansion and limited upside given the bank's already strong operating performance. Analyst Commentary Recent Street research reflects a more balanced stance on First BanCorp, with revised price targets converging around $24.00 and modest adjustments to forward earnings expectations.내러티브 업데이트 • Nov 26FBP: Share Buybacks Will Support Profitability Amid Limited Upside AheadAnalysts have lowered their price target for First BanCorp to $24 from a previous range of $25 to $26, citing reduced expectations for net interest margin expansion and limited upside given the company's already strong performance. Analyst Commentary Recent analyst updates for First BanCorp reveal a mix of optimism about the company's ongoing execution and caution regarding its future growth prospects.Upcoming Dividend • Nov 21Upcoming dividend of US$0.18 per shareEligible shareholders must have bought the stock before 28 November 2025. Payment date: 12 December 2025. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of American dividend payers (4.6%). Higher than average of industry peers (2.5%).내러티브 업데이트 • Nov 10FBP: Share Buybacks And Profitability Will Drive Potential Upside AheadAnalysts have slightly lowered their price target for First BanCorp, moving it from $24.33 to $24.17 per share. They cite a more constrained net interest margin outlook and limited upside, given the bank's already strong performance.내러티브 업데이트 • Oct 27Operational Excellence And Repurchases Will Support Resilience Amid Narrowing MarginsFirst BanCorp’s analyst price target has been reduced slightly from $25 to $24, as analysts now anticipate more constrained net interest margin growth and limited earnings upside. This reflects updated management guidance.New Risk • Oct 27New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (US$2.2m sold).Declared Dividend • Oct 26Third quarter dividend of US$0.18 announcedShareholders will receive a dividend of US$0.18. Ex-date: 28th November 2025 Payment date: 12th December 2025 Dividend yield will be 3.5%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 29% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 14% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Oct 24Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2025 results: EPS: US$0.63 (up from US$0.45 in 3Q 2024). Revenue: US$231.1m (up 5.4% from 3Q 2024). Net income: US$100.5m (up 36% from 3Q 2024). Profit margin: 44% (up from 34% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) exceeded analyst estimates by 30%. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year.공시 • Oct 23+ 1 more updateFirst BanCorp. Approves Quarterly Cash Dividend on Outstanding Common Stock, Payable on December 12, 2025First BanCorp. announced that its Board of Directors approved quarterly cash dividend of $0.18 per share on its outstanding common stock. The dividend is payable on December 12, 2025 to shareholders of record at the close of business on November 28, 2025.공시 • Sep 24First BanCorp. to Report Q3, 2025 Results on Oct 23, 2025First BanCorp. announced that they will report Q3, 2025 results on Oct 23, 2025Recent Insider Transactions • Aug 27President recently sold US$1.1m worth of stockOn the 22nd of August, Aurelio Aleman-Bermudez sold around 50k shares on-market at roughly US$22.30 per share. This transaction amounted to 4.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Aurelio has been a net seller over the last 12 months, reducing personal holdings by US$2.7m.Recent Insider Transactions Derivative • Aug 24President notifies of intention to sell stockAurelio Aleman-Bermudez intends to sell 50k shares in the next 90 days after lodging an Intent To Sell Form on the 22nd of August. If the sale is conducted around the recent share price of US$22.00, it would amount to US$1.1m. For the year to December 2018, Aurelio's total compensation was 22% salary and 78% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2024, Aurelio's direct individual holding has increased from 1.04m shares to 1.11m. Company insiders have collectively sold US$13m more than they bought, via options and on-market transactions in the last 12 months.Upcoming Dividend • Aug 21Upcoming dividend of US$0.18 per shareEligible shareholders must have bought the stock before 28 August 2025. Payment date: 12 September 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of American dividend payers (4.5%). Higher than average of industry peers (2.5%).Recent Insider Transactions • Aug 15Executive Officer recently sold US$840k worth of stockOn the 12th of August, Donald Kafka sold around 40k shares on-market at roughly US$20.99 per share. This transaction amounted to 39% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$11m more than they bought in the last 12 months.Declared Dividend • Jul 24Second quarter dividend of US$0.18 announcedShareholders will receive a dividend of US$0.18. Ex-date: 28th August 2025 Payment date: 12th September 2025 Dividend yield will be 3.3%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 29% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jul 22Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2025 results: EPS: US$0.50 (up from US$0.46 in 2Q 2024). Revenue: US$226.2m (up 2.8% from 2Q 2024). Net income: US$80.2m (up 5.7% from 2Q 2024). Profit margin: 35% (in line with 2Q 2024). Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) exceeded analyst estimates by 9.4%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 13% per year.공시 • Jul 22First BanCorp. Declares Quarterly Cash Dividend on Common Stock, Payable on September 12, 2025First BanCorp. announced that its Board of Directors has declared a quarterly cash dividend of $0.18 per share on its outstanding common stock. The dividend is payable on September 12, 2025 to shareholders of record at the close of business on August 28, 2025.공시 • Jun 19First BanCorp. Announces Executive ChangesFirst BanCorp. announced on June 16, 2025, the corporation announced a strategic reorganization aligned with the Corporation’s corporate succession plan (the strategic reorganization). As part of the Strategic Reorganization, the corporation announced that Mr. Donald Kafka, Executive Vice President and Chief Operating Officer (COO), will retire from his position at the Corporation effective September 15, 2025. In connection with Mr. Kafka’s retirement, the Corporation also announced that Mr. Juan Carlos Pavía, Executive Vice President and Chief Credit Officer, will succeed Mr. Kafka as COO, effective August 1, 2025. As COO, Mr. Pavía will oversee the areas of Banking Operations, Corporate Security, Information Technology, Real Estate, a new Business Transformation Unit, and will also continue to oversee the areas of Credit Risk and Credit Administration. Mr. Kafka will remain an officer of the Corporation and will continue to work closely with Mr. Pavía through September 15, 2025. Mr. Pavía, age 45, joined the Corporation in 2014 as Senior Vice President and Chief Credit Risk Officer. In May 2021, Mr. Pavía was promoted to Executive Vice President and Chief Credit Officer, a position he currently holds. Additionally, Mr. Pavía currently serves on the Board of Managers of the Corporation’s subsidiaries: FB Private Equity Fund LLC, and FB Opportunity Zone Fund LLC, a wholly owned subsidiary of FB Private Equity Fund LLC. Mr. Pavía has over fifteen years of experience within the banking industry, including roles within the credit risk, current expected credit losses, workout, operations and asset-based lending areas. Prior to joining the Corporation, Mr. Pavía held various leadership positions at other financial institutions in Puerto Rico and in the Government of Puerto Rico.Recent Insider Transactions • Jun 15Independent Chairman recently sold US$301k worth of stockOn the 11th of June, Roberto Herencia sold around 15k shares on-market at roughly US$20.42 per share. This transaction amounted to 2.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Roberto has been a net seller over the last 12 months, reducing personal holdings by US$2.5m.Recent Insider Transactions Derivative • Jun 12Independent Chairman notifies of intention to sell stockRoberto Herencia intends to sell 15k shares in the next 90 days after lodging an Intent To Sell Form on the 11th of June. If the sale is conducted around the recent share price of US$20.49, it would amount to US$302k. Since September 2024, Roberto's direct individual holding has decreased from 751.95k shares to 651.95k. Company insiders have collectively sold US$15m more than they bought, via options and on-market transactions in the last 12 months.공시 • Jun 10First BanCorp. to Report Q2, 2025 Results on Jul 22, 2025First BanCorp. announced that they will report Q2, 2025 results Pre-Market on Jul 22, 2025Upcoming Dividend • May 22Upcoming dividend of US$0.18 per shareEligible shareholders must have bought the stock before 29 May 2025. Payment date: 13 June 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of American dividend payers (4.8%). Higher than average of industry peers (2.8%).Declared Dividend • Apr 28First quarter dividend of US$0.18 announcedShareholders will receive a dividend of US$0.18. Ex-date: 29th May 2025 Payment date: 13th June 2025 Dividend yield will be 3.5%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 35% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Apr 25First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: US$0.47 (up from US$0.44 in 1Q 2024). Revenue: US$223.3m (up 2.3% from 1Q 2024). Net income: US$77.1m (up 4.9% from 1Q 2024). Profit margin: 35% (in line with 1Q 2024). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 10.0%. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 12% per year.공시 • Apr 25+ 1 more updateFirst BanCorp. Announces Net Charge Offs for the First Quarter Ended March 31, 2025First BanCorp. announced net charge offs for the first quarter ended March 31, 2025. The company's net charge-offs were $21.,510 million compared to $11.168 million a year ago.Seeking Alpha • Apr 20First BanCorp: Bond Market Turbulence, Expected Tourism Slowdown Seems Priced-InSummary I’m expecting loan growth to decelerate this year, as a possible recession in the mainland United States can hurt the tourism industry in Puerto Rico. Low-yielding securities are set to mature this year, which will provide First BanCorp a good opportunity to reinvest in higher-yielding assets, thereby raising the margin. I’m raising my provision expense estimate and, therefore, reducing my earnings estimate for 2025. Yields have jumped up in the bond market so far this month. This could lead to a build-up of mark-to-market losses on FBP’s securities portfolio. FBP is offering a small upside potential of 4.0% and a dividend yield of 3.9%. Read the full article on Seeking Alpha공시 • Apr 11First BanCorp., Annual General Meeting, May 21, 2025First BanCorp., Annual General Meeting, May 21, 2025.공시 • Apr 04First BanCorp. to Report Q1, 2025 Results on Apr 24, 2025First BanCorp. announced that they will report Q1, 2025 results Pre-Market on Apr 24, 2025Recent Insider Transactions Derivative • Mar 28President exercised options and sold US$640k worth of stockOn the 24th of March, Aurelio Aleman-Bermudez exercised options to acquire 34k shares at no cost and sold these for an average price of US$19.04 per share. This trade did not impact their existing holding. For the year to December 2018, Aurelio's total compensation was 25% salary and 75% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Aurelio's direct individual holding has decreased from 1.20m shares to 1.10m. Company insiders have collectively sold US$17m more than they bought, via options and on-market transactions in the last 12 months.Reported Earnings • Mar 06Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: US$1.82. Revenue: US$879.8m (up 1.9% from FY 2023). Net income: US$298.7m (down 1.4% from FY 2023). Profit margin: 34% (down from 35% in FY 2023). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 4.36% (up from 4.33% in FY 2023). Cost-to-income ratio: 51.9% (up from 50.7% in FY 2023). Non-performing loans: 0.69% (no change from 0.69% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.2%. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US.Upcoming Dividend • Feb 14Upcoming dividend of US$0.18 per shareEligible shareholders must have bought the stock before 21 February 2025. Payment date: 07 March 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of American dividend payers (4.5%). Higher than average of industry peers (2.5%).Recent Insider Transactions • Feb 09Insider recently sold US$1.2m worth of stockOn the 7th of February, Carlos Pietrantoni sold around 56k shares on-market at roughly US$20.77 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$1.8m. Insiders have been net sellers, collectively disposing of US$16m more than they bought in the last 12 months.Declared Dividend • Jan 24Fourth quarter dividend increased to US$0.18Dividend of US$0.18 is 13% higher than last year. Ex-date: 21st February 2025 Payment date: 7th March 2025 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by earnings (35% payout ratio) and is expected to be well covered in 3 years' time (32% forecast payout ratio). The dividend has increased by an average of 32% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 14% over the next 2 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jan 23Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: US$1.82. Revenue: US$878.3m (up 1.7% from FY 2023). Net income: US$298.7m (down 1.4% from FY 2023). Profit margin: 34% (down from 35% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.2%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US.Seeking Alpha • Jan 23First BanCorp.: Strong Margin Power And A Growing DividendSummary First BanCorp. reported strong Q4 results with revenue of $241.5 million and EPS of $0.46, both beating estimates. Loans grew by $303.2 million to $12.8 billion, and core deposits increased by $197.9 million, indicating healthy banking activity. Net interest margin rose to 4.33%, with net interest income at $209.3 million, and cost of funds dropped to 2.35%. Despite mixed asset quality trends, the bank remains highly efficient with a 51.57% efficiency ratio and offers attractive dividend growth for FBP investors. Read the full article on Seeking Alpha공시 • Jan 23First BanCorp. Announces Net Charge Off for the Fourth Quarter Ended December 31, 2024First BanCorp. announced net charge off for the fourth quarter ended December 31, 2024. For the period, Company reported Net charge-offs were $24.6 million or an annualized 0.78% of average loans, compared to $24.0 million, or an annualized 0.78% of average loans, in the third quarter of 2024.공시 • Jan 22First BanCorp. Announces Quarterly Cash Dividend, Payable on March 7, 2025First BanCorp. announced that its Board of Directors has declared a quarterly cash dividend of $0.18 per share, which represents an increase of 13% or $0.02 per common share compared to its most recent dividend paid in December 2024. The dividend is payable on March 7, 2025 to shareholders of record at the close of business on February 21, 2025.공시 • Jan 09First BanCorp. to Report Q4, 2024 Results on Jan 23, 2025First BanCorp. announced that they will report Q4, 2024 results Pre-Market on Jan 23, 2025Recent Insider Transactions • Nov 27Executive VP & COO recently sold US$1.8m worth of stockOn the 25th of November, Donald Kafka sold around 80k shares on-market at roughly US$21.89 per share. This transaction amounted to 46% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$2.2m. Donald has been a net seller over the last 12 months, reducing personal holdings by US$3.9m.Upcoming Dividend • Nov 22Upcoming dividend of US$0.16 per shareEligible shareholders must have bought the stock before 29 November 2024. Payment date: 13 December 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of American dividend payers (4.3%). Higher than average of industry peers (2.5%).Recent Insider Transactions • Nov 10Independent Chairman recently sold US$2.2m worth of stockOn the 6th of November, Roberto Herencia sold around 100k shares on-market at roughly US$22.18 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Roberto's only on-market trade for the last 12 months.Recent Insider Transactions Derivative • Nov 08Independent Chairman notifies of intention to sell stockRoberto Herencia intends to sell 100k shares in the next 90 days after lodging an Intent To Sell Form on the 6th of November. If the sale is conducted around the recent share price of US$22.00, it would amount to US$2.2m. Since March 2024, Roberto's direct individual holding has increased from 747.22k shares to 751.95k. Company insiders have collectively sold US$11m more than they bought, via options and on-market transactions in the last 12 months.Declared Dividend • Nov 03Third quarter dividend of US$0.16 announcedShareholders will receive a dividend of US$0.16. Ex-date: 29th November 2024 Payment date: 13th December 2024 Dividend yield will be 3.3%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by earnings (34% payout ratio) and is expected to be well covered in 3 years' time (33% forecast payout ratio). The dividend has increased by an average of 32% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 12% over the next 2 years, which should provide support to the dividend and adequate earnings cover.공시 • Oct 31First BanCorp. Declares Quarterly Cash Dividend on Common Stock, Payable on December 13, 2024First BanCorp. announced that its Board of Directors has declared a quarterly cash dividend of $0.16 per share on its outstanding common stock. The dividend is payable on December 13, 2024 to shareholders of record at the close of business on November 29, 2024.Reported Earnings • Oct 23Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2024 results: EPS: US$0.45 (down from US$0.47 in 3Q 2023). Revenue: US$219.3m (down 2.8% from 3Q 2023). Net income: US$73.7m (down 10% from 3Q 2023). Profit margin: 34% (down from 36% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 8.9%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 11% per year.공시 • Oct 23First BanCorp. Announces Net Charge-Offs for the Third Quarter Ended September 30, 2024First BanCorp. announced net charge-offs for the third quarter ended September 30, 2024. For the quarter, the company reported net charge-offs of $24,006,000 against $14,086,000 a year ago.분석 기사 • Oct 23Here's Why First BanCorp (NYSE:FBP) Has Caught The Eye Of InvestorsFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...공시 • Oct 01First BanCorp. to Report Q3, 2024 Results on Oct 23, 2024First BanCorp. announced that they will report Q3, 2024 results Pre-Market on Oct 23, 2024새로운 내러티브 • Sep 24Tactical Growth And Efficiency Measures Promise Bright Future Despite Analysts' Cautions Enhanced operational efficiency and revenue growth potential driven by investments in IT infrastructure and a focus on commercial construction loans. Seeking Alpha • Sep 13First BanCorp.: Raising The Earnings Estimate And Upgrading To BuySummary Following the better-than-expected expense control during the first half of the year, I’ve decided to raise my earnings estimate for First BanCorp. for 2024. Mid-single-digit loan growth is the main earnings catalyst for FBP for the next year and a half. The year-end target price suggests a 7.9% upside from the last closing market price. Additionally, FBP is offering a 3.2% dividend yield. Read the full article on Seeking AlphaUpcoming Dividend • Aug 22Upcoming dividend of US$0.16 per shareEligible shareholders must have bought the stock before 29 August 2024. Payment date: 13 September 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of American dividend payers (4.5%). In line with average of industry peers (2.9%).Recent Insider Transactions Derivative • Aug 01President notifies of intention to sell stockAurelio Aleman-Bermudez intends to sell 100k shares in the next 90 days after lodging an Intent To Sell Form on the 29th of July. If the sale is conducted around the recent share price of US$21.50, it would amount to US$2.2m. For the year to December 2017, Aurelio's total compensation was 25% salary and 75% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2023, Aurelio's direct individual holding has increased from 1.18m shares to 1.20m. Company insiders have collectively sold US$10m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • Jul 26Executive VP & COO recently sold US$1.1m worth of stockOn the 24th of July, Donald Kafka sold around 50k shares on-market at roughly US$21.81 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$1.3m. Donald has been a net seller over the last 12 months, reducing personal holdings by US$2.1m.Price Target Changed • Jul 26Price target increased by 11% to US$23.00Up from US$20.67, the current price target is an average from 5 analysts. New target price is 5.4% above last closing price of US$21.83. Stock is up 48% over the past year. The company is forecast to post earnings per share of US$1.73 for next year compared to US$1.72 last year.Declared Dividend • Jul 25Second quarter dividend of US$0.16 announcedShareholders will receive a dividend of US$0.16. Ex-date: 29th August 2024 Payment date: 13th September 2024 Dividend yield will be 2.8%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 32% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 2.5% over the next year, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Jul 24Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: US$0.46 (up from US$0.40 in 2Q 2023). Revenue: US$220.1m (up 4.7% from 2Q 2023). Net income: US$75.8m (up 7.3% from 2Q 2023). Profit margin: 35% (in line with 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.분석 기사 • Jul 24Should You Be Adding First BanCorp (NYSE:FBP) To Your Watchlist Today?It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...공시 • Jul 23+ 2 more updatesFirst BanCorp. Reports Net Charge Offs for the Second Quarter Ended June 30, 2024First BanCorp. reported net charge offs for the second quarter ended June 30, 2024. for the quarter, the company reported net charge-offs of $20,990,000 compared to $19,279,000 year ago.공시 • Jun 19First BanCorp. to Report Q2, 2024 Results on Jul 23, 2024First BanCorp. announced that they will report Q2, 2024 results Pre-Market on Jul 23, 2024Seeking Alpha • Jun 19First BanCorp: A Call Option On Puerto RicoSummary First BanCorp is a holding company for FirstBank in Puerto Rico with additional branches in US Virgin Islands, British Virgin Islands, and Florida. The bank's earnings remain strong, but a focus on buying back stock at a premium over tangible book value is concerning. The bank's heavy exposure to Puerto Rico raises concerns about financial performance and balance sheet strength in the face of economic shocks. Read the full article on Seeking AlphaUpcoming Dividend • May 23Upcoming dividend of US$0.16 per shareEligible shareholders must have bought the stock before 30 May 2024. Payment date: 14 June 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of American dividend payers (4.6%). Higher than average of industry peers (3.0%).Recent Insider Transactions • May 05Executive VP & CFO recently sold US$1.3m worth of stockOn the 1st of May, Orlando Berges-González sold around 75k shares on-market at roughly US$17.92 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Orlando's only on-market trade for the last 12 months.Declared Dividend • Apr 29First quarter dividend of US$0.16 announcedShareholders will receive a dividend of US$0.16. Ex-date: 30th May 2024 Payment date: 14th June 2024 Dividend yield will be 3.5%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 40% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 2.8% over the next year, which should provide support to the dividend and adequate earnings cover.공시 • Apr 27First BanCorp. Declares Quarterly Cash Dividend on Common Stock, Payable on June 14, 2024First BanCorp. announced that its Board of Directors has declared a quarterly cash dividend of $0.16 per share on its outstanding common stock. The dividend is payable on June 14, 2024 to shareholders of record at the close of business on May 30, 2024.Reported Earnings • Apr 23First quarter 2024 earnings: EPS exceeds analyst expectationsFirst quarter 2024 results: EPS: US$0.44 (up from US$0.39 in 1Q 2023). Revenue: US$218.3m (flat on 1Q 2023). Net income: US$73.5m (up 3.9% from 1Q 2023). Profit margin: 34% (up from 32% in 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 18%. Revenue is forecast to grow 7.8% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.공시 • Apr 23First BanCorp. Announces Net Charge Offs for the Quarter Ended March 31, 2024First BanCorp. announced net charge offs for the quarter ended March 31, 2024. Net charge-offs were $11.2 million for the first quarter of 2024, or an annualized 0.37% of average loans, compared to $20.8 million, or an annualized 0.69% of average loans, in the fourth quarter of 2023.공시 • Apr 09First BanCorp., Annual General Meeting, May 23, 2024First BanCorp., Annual General Meeting, May 23, 2024, at 10:00 Atlantic Standard Time. Agenda: To consider the election of the nine directors named in the accompanying Proxy Statement; to consider and approve on a non-binding basis the 2023 compensation of First BanCorp’s named executive officers; to consider and to ratify the appointment of Crowe LLP as independent registered public accounting firm for our 2024 fiscal year; and to consider other matters.Recent Insider Transactions Derivative • Apr 04President exercised options and sold US$617k worth of stockOn the 31st of March, Aurelio Aleman-Bermudez exercised options to acquire 35k shares at no cost and sold these for an average price of US$17.54 per share. This trade did not impact their existing holding. For the year to December 2017, Aurelio's total compensation was 26% salary and 74% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2023, Aurelio has owned 1.18m shares directly. Company insiders have collectively sold US$5.8m more than they bought, via options and on-market transactions in the last 12 months.공시 • Apr 03First BanCorp. to Report Q1, 2024 Results on Apr 23, 2024First BanCorp. announced that they will report Q1, 2024 results Pre-Market on Apr 23, 2024이익 및 매출 성장 예측NYSE:FBP - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20281,132357N/AN/A112/31/20271,112348N/AN/A512/31/20261,070343N/AN/A53/31/2026933357447461N/A12/31/2025915345438449N/A9/30/2025900333430438N/A6/30/2025888307410418N/A3/31/2025882302387394N/A12/31/2024877299394404N/A9/30/2024869303376387N/A6/30/2024875311374386N/A3/31/2024864306341366N/A12/31/2023863303340363N/A9/30/2023872297365389N/A6/30/2023868289363387N/A3/31/2023876293426441N/A12/31/2022891305420440N/A9/30/2022897304413431N/A6/30/2022902304378395N/A3/31/2022926299385402N/A12/31/2021916277386400N/A9/30/2021891255415431N/A6/30/2021795208383400N/A3/31/2021667158304319N/A12/31/2020536100282298N/A9/30/202049086213229N/A6/30/2020517104240260N/A3/31/2020557124280303N/A12/31/2019611165N/A294N/A9/30/2019601229N/A310N/A6/30/2019578219N/A287N/A3/31/2019555209N/A276N/A12/31/2018529199N/A288N/A9/30/2018501122N/A255N/A6/30/201849675N/A263N/A3/31/201849372N/A247N/A12/31/201748164N/A236N/A9/30/201748664N/A275N/A6/30/2017477100N/A249N/A3/31/201747095N/A230N/A12/31/201648093N/A199N/A9/30/201651484N/A182N/A6/30/201650475N/A211N/A3/31/201644419N/A241N/A12/31/201543821N/A262N/A9/30/2015405337N/A227N/A6/30/2015409346N/A247N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: FBP 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -0.6%).수익 vs 시장: FBP 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -0.6%).고성장 수익: FBP 의 수익은 향후 3년간 감소할 것으로 예상됩니다.수익 대 시장: FBP 의 수익(연간 7.9%)이 US 시장(연간 11.6%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: FBP 의 수익(연간 7.9%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: FBP의 자본 수익률이 3년 후 높을 것으로 예상되는지 판단하기에 데이터가 부족합니다.성장 기업 찾아보기7D1Y7D1Y7D1YBanks 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/20 08:41종가2026/05/20 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스First BanCorp.는 12명의 분석가가 다루고 있습니다. 이 중 6명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Brandon BermanBofA Global ResearchJoseph GladueB. Riley Securities, Inc.Michael DianaCantor Fitzgerald & Co.9명의 분석가 더 보기
Price Target Changed • Jul 26Price target increased by 11% to US$23.00Up from US$20.67, the current price target is an average from 5 analysts. New target price is 5.4% above last closing price of US$21.83. Stock is up 48% over the past year. The company is forecast to post earnings per share of US$1.73 for next year compared to US$1.72 last year.
내러티브 업데이트 • May 01FBP: Upgraded Outlook And Buybacks Will Support Balanced Medium Term Upside PotentialFirst BanCorp's analyst price target has been lifted from $24.00 to about $25.67, as analysts factor in updated views on fair value, discount rate, revenue growth, profit margin and future P/E following several recent price target increases and an upgrade in Street research. Analyst Commentary Recent Street research on First BanCorp clusters around higher price targets and an upgrade, with analysts revisiting their assumptions on earnings power, appropriate P/E, and execution risks.
Declared Dividend • Apr 26First quarter dividend of US$0.20 announcedShareholders will receive a dividend of US$0.20. Ex-date: 28th May 2026 Payment date: 12th June 2026 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 31% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 12% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
New Risk • Apr 24New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.4% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 1.4% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (US$861k sold).
공시 • Apr 23+ 1 more updateFirst Bancorp. Declares Quarterly Cash Dividend on Common Stock, Payable on June 12, 2026First BanCorp. announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share on its outstanding common stock. The dividend is payable on June 12, 2026 to shareholders of record at the close of business on May 28, 2026.
Reported Earnings • Apr 23First quarter 2026 earnings: EPS exceeds analyst expectationsFirst quarter 2026 results: EPS: US$0.57 (up from US$0.47 in 1Q 2025). Revenue: US$241.4m (up 8.1% from 1Q 2025). Net income: US$88.8m (up 15% from 1Q 2025). Profit margin: 37% (up from 35% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 11%. Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Apr 07New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.1% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.1% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (US$861k sold).
공시 • Mar 26First BanCorp., Annual General Meeting, May 06, 2026First BanCorp., Annual General Meeting, May 06, 2026.
공시 • Mar 17First BanCorp. to Report Q1, 2026 Results on Apr 22, 2026First BanCorp. announced that they will report Q1, 2026 results Pre-Market on Apr 22, 2026
Reported Earnings • Mar 03Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: US$2.16 (up from US$1.82 in FY 2024). Revenue: US$914.9m (up 4.3% from FY 2024). Net income: US$344.9m (up 15% from FY 2024). Profit margin: 38% (up from 34% in FY 2024). The increase in margin was primarily driven by higher revenue. Net interest margin (NIM): 4.75% (up from 4.36% in FY 2024). Cost-to-income ratio: 49.8% (down from 51.9% in FY 2024). Non-performing loans: 0.70% (up from 0.69% in FY 2024). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 2.4%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Feb 19Upcoming dividend of US$0.20 per shareEligible shareholders must have bought the stock before 26 February 2026. Payment date: 13 March 2026. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of American dividend payers (4.2%). Higher than average of industry peers (2.4%).
분석 기사 • Feb 10First BanCorp's (NYSE:FBP) Shareholders Will Receive A Bigger Dividend Than Last YearThe board of First BanCorp. ( NYSE:FBP ) has announced that it will be paying its dividend of $0.20 on the 13th of...
공시 • Feb 10+ 1 more updateFirst Bancorp. Announces Executive ChangesFirst BanCorp. announced that Orlando Berges, Executive Vice President will retire from the Corporation effective June 30, 2026, after close to 17 years of distinguished service. Mr. Berges joined the Corporation in May 2009 and has played a central leadership role in the Corporation’s transformation and long-term strengthening. Throughout his tenure, he led the Finance organization with discipline, transparency, and strategic vision. His contributions were instrumental in recapitalizing the institution and guiding it through its turnaround, adhering to the highest level of financial reporting standards, executing major acquisitions and integrations, enhancing capital planning and balance sheet strength, and contributing to the profitability and stable capital position that characterize FirstBank now. The Corporation also announced that Said Ortiz, currently Senior Vice President and Chief Accounting Officer, has been appointed Executive Vice President, effective July 1, 2026. Mr. Ortiz initially joined the Corporation in 2013 and brings more than 19 years of experience in accounting, auditing, and financial management, including leadership roles at global professional public accounting firms. As a key leader within the Controller’s and Finance divisions, he has played a significant role in strengthening the Corporation’s financial reporting, controls, and accounting functions. His extensive experience and record of performance make him exceptionally well prepared to assume the CFO role. Mr. Berges and Mr. Ortiz will work closely over the coming months to ensure a seamless transition.
New Risk • Feb 03New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (US$754k sold).
Recent Insider Transactions • Jan 30Executive VP & Business Group Director recently sold US$754k worth of stockOn the 28th of January, Thomas McDonald sold around 34k shares on-market at roughly US$22.11 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$5.1m more than they bought in the last 12 months.
Declared Dividend • Jan 28Fourth quarter dividend increased to US$0.20Dividend of US$0.20 is 11% higher than last year. Ex-date: 26th February 2026 Payment date: 13th March 2026 Dividend yield will be 3.4%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by earnings (34% payout ratio) and is expected to be well covered in 3 years' time (32% forecast payout ratio). The dividend has increased by an average of 29% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 9.2% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jan 27Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2025 results: EPS: US$2.16 (up from US$1.82 in FY 2024). Revenue: US$914.9m (up 4.0% from FY 2024). Net income: US$344.9m (up 15% from FY 2024). Profit margin: 38% (up from 34% in FY 2024). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 2.4%. Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Jan 27First BanCorp. Announces Net Charge Off for the Fourth Quarter Ended December 31, 2025First BanCorp. announced net charge off for the fourth quarter ended December 31, 2025. Net charge-offs were $20.4 million for the fourth quarter of 2025, or an annualized 0.63% of average loans, compared to $19.9 million, or an annualized 0.62% of average loans, in the third quarter of 2025. The $0.5 million increase in net charge-offs was driven by a $0.3 million increase in consumer loans and finance leases net charge-offs, mainly in the unsecured loan portfolio, and a $0.3 million recovery associated with a construction loan in the Florida region during the third quarter of 2025.
공시 • Jan 26First BanCorp. Increases Quarterly Cash Dividend on Common Stock, Payable on March 13, 2026First BanCorp. announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share, which represents an increase of 11% or $0.02 per common share compared to its most recent dividend paid in December 2025. The dividend is payable on March 13, 2026 to shareholders of record at the close of business on February 26, 2026.
내러티브 업데이트 • Jan 26FBP: Future Share Repurchases And Neutral Rating Will Support Upside PotentialAnalysts have adjusted their price target on First BanCorp slightly, trimming fair value from about US$24.17 to US$24.00 as they factor in updated views on revenue growth, profit margins, a modestly lower future P/E multiple and recent neutral-rated coverage. Analyst Commentary Bullish Takeaways Bullish analysts view the neutral rating as consistent with a stock that is roughly aligned with their assessment of fair value around US$24.00, rather than signaling a clear mispricing.
내러티브 업데이트 • Jan 09FBP: Future Share Repurchases Will Underpin Returns Despite Margin ConstraintsAnalysts have nudged their price target on First BanCorp down by $1 to $24, reflecting slightly softer assumptions for net interest margin expansion and earnings power over the next few years. Analyst Commentary Recent Street research on First BanCorp reflects a mixed but fairly balanced view, with both optimistic and cautious perspectives now coalescing around a US$24 price target.
Seeking Alpha • Jan 01Improvements Justify An Upgrade For First BanCorpSummary First BanCorp is upgraded to a soft ‘buy’ as core deposits and asset quality improve, supporting a more bullish stance. FBP’s net interest margin has risen to 4.74%, with profitability and return metrics now outpacing peer banks despite higher price-to-book multiples. Management’s optimism is evident through a new $200 million share buyback program and continued dividend payments. Non-performing assets are slightly above preferred levels, but overall balance sheet and earnings trends remain positive. Read the full article on Seeking Alpha
내러티브 업데이트 • Dec 24FBP: Future Share Repurchases Will Support Returns Despite Margin HeadwindsAnalysts have trimmed their average price target on First BanCorp by about $1 to $24, reflecting more cautious expectations for net interest margin expansion and limited upside, with the bank already operating at a high level. Analyst Commentary Recent research updates present a more balanced view on First BanCorp, with adjustments to price targets and earnings forecasts reflecting both confidence in execution and recognition of a moderating growth outlook.
공시 • Dec 23First BanCorp. to Report Q4, 2025 Results on Jan 27, 2026First BanCorp. announced that they will report Q4, 2025 results Pre-Market on Jan 27, 2026
내러티브 업데이트 • Dec 10FBP: Share Repurchases Will Support Future Returns Despite Margin ConstraintsAnalysts have trimmed their price target on First BanCorp to $24.00 from a prior range of $25.00 to $26.00, citing a more constrained outlook for net interest margin expansion and limited upside given the bank's already strong operating performance. Analyst Commentary Recent Street research reflects a more balanced stance on First BanCorp, with revised price targets converging around $24.00 and modest adjustments to forward earnings expectations.
내러티브 업데이트 • Nov 26FBP: Share Buybacks Will Support Profitability Amid Limited Upside AheadAnalysts have lowered their price target for First BanCorp to $24 from a previous range of $25 to $26, citing reduced expectations for net interest margin expansion and limited upside given the company's already strong performance. Analyst Commentary Recent analyst updates for First BanCorp reveal a mix of optimism about the company's ongoing execution and caution regarding its future growth prospects.
Upcoming Dividend • Nov 21Upcoming dividend of US$0.18 per shareEligible shareholders must have bought the stock before 28 November 2025. Payment date: 12 December 2025. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of American dividend payers (4.6%). Higher than average of industry peers (2.5%).
내러티브 업데이트 • Nov 10FBP: Share Buybacks And Profitability Will Drive Potential Upside AheadAnalysts have slightly lowered their price target for First BanCorp, moving it from $24.33 to $24.17 per share. They cite a more constrained net interest margin outlook and limited upside, given the bank's already strong performance.
내러티브 업데이트 • Oct 27Operational Excellence And Repurchases Will Support Resilience Amid Narrowing MarginsFirst BanCorp’s analyst price target has been reduced slightly from $25 to $24, as analysts now anticipate more constrained net interest margin growth and limited earnings upside. This reflects updated management guidance.
New Risk • Oct 27New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.5% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.5% per year for the foreseeable future. Minor Risk Significant insider selling over the past 3 months (US$2.2m sold).
Declared Dividend • Oct 26Third quarter dividend of US$0.18 announcedShareholders will receive a dividend of US$0.18. Ex-date: 28th November 2025 Payment date: 12th December 2025 Dividend yield will be 3.5%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 29% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 14% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Oct 24Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2025 results: EPS: US$0.63 (up from US$0.45 in 3Q 2024). Revenue: US$231.1m (up 5.4% from 3Q 2024). Net income: US$100.5m (up 36% from 3Q 2024). Profit margin: 44% (up from 34% in 3Q 2024). The increase in margin was primarily driven by lower expenses. Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) exceeded analyst estimates by 30%. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year.
공시 • Oct 23+ 1 more updateFirst BanCorp. Approves Quarterly Cash Dividend on Outstanding Common Stock, Payable on December 12, 2025First BanCorp. announced that its Board of Directors approved quarterly cash dividend of $0.18 per share on its outstanding common stock. The dividend is payable on December 12, 2025 to shareholders of record at the close of business on November 28, 2025.
공시 • Sep 24First BanCorp. to Report Q3, 2025 Results on Oct 23, 2025First BanCorp. announced that they will report Q3, 2025 results on Oct 23, 2025
Recent Insider Transactions • Aug 27President recently sold US$1.1m worth of stockOn the 22nd of August, Aurelio Aleman-Bermudez sold around 50k shares on-market at roughly US$22.30 per share. This transaction amounted to 4.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Aurelio has been a net seller over the last 12 months, reducing personal holdings by US$2.7m.
Recent Insider Transactions Derivative • Aug 24President notifies of intention to sell stockAurelio Aleman-Bermudez intends to sell 50k shares in the next 90 days after lodging an Intent To Sell Form on the 22nd of August. If the sale is conducted around the recent share price of US$22.00, it would amount to US$1.1m. For the year to December 2018, Aurelio's total compensation was 22% salary and 78% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2024, Aurelio's direct individual holding has increased from 1.04m shares to 1.11m. Company insiders have collectively sold US$13m more than they bought, via options and on-market transactions in the last 12 months.
Upcoming Dividend • Aug 21Upcoming dividend of US$0.18 per shareEligible shareholders must have bought the stock before 28 August 2025. Payment date: 12 September 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of American dividend payers (4.5%). Higher than average of industry peers (2.5%).
Recent Insider Transactions • Aug 15Executive Officer recently sold US$840k worth of stockOn the 12th of August, Donald Kafka sold around 40k shares on-market at roughly US$20.99 per share. This transaction amounted to 39% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$11m more than they bought in the last 12 months.
Declared Dividend • Jul 24Second quarter dividend of US$0.18 announcedShareholders will receive a dividend of US$0.18. Ex-date: 28th August 2025 Payment date: 12th September 2025 Dividend yield will be 3.3%, which is about the same as the industry average. Sustainability & Growth The dividend has increased by an average of 29% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jul 22Second quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindSecond quarter 2025 results: EPS: US$0.50 (up from US$0.46 in 2Q 2024). Revenue: US$226.2m (up 2.8% from 2Q 2024). Net income: US$80.2m (up 5.7% from 2Q 2024). Profit margin: 35% (in line with 2Q 2024). Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) exceeded analyst estimates by 9.4%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 13% per year.
공시 • Jul 22First BanCorp. Declares Quarterly Cash Dividend on Common Stock, Payable on September 12, 2025First BanCorp. announced that its Board of Directors has declared a quarterly cash dividend of $0.18 per share on its outstanding common stock. The dividend is payable on September 12, 2025 to shareholders of record at the close of business on August 28, 2025.
공시 • Jun 19First BanCorp. Announces Executive ChangesFirst BanCorp. announced on June 16, 2025, the corporation announced a strategic reorganization aligned with the Corporation’s corporate succession plan (the strategic reorganization). As part of the Strategic Reorganization, the corporation announced that Mr. Donald Kafka, Executive Vice President and Chief Operating Officer (COO), will retire from his position at the Corporation effective September 15, 2025. In connection with Mr. Kafka’s retirement, the Corporation also announced that Mr. Juan Carlos Pavía, Executive Vice President and Chief Credit Officer, will succeed Mr. Kafka as COO, effective August 1, 2025. As COO, Mr. Pavía will oversee the areas of Banking Operations, Corporate Security, Information Technology, Real Estate, a new Business Transformation Unit, and will also continue to oversee the areas of Credit Risk and Credit Administration. Mr. Kafka will remain an officer of the Corporation and will continue to work closely with Mr. Pavía through September 15, 2025. Mr. Pavía, age 45, joined the Corporation in 2014 as Senior Vice President and Chief Credit Risk Officer. In May 2021, Mr. Pavía was promoted to Executive Vice President and Chief Credit Officer, a position he currently holds. Additionally, Mr. Pavía currently serves on the Board of Managers of the Corporation’s subsidiaries: FB Private Equity Fund LLC, and FB Opportunity Zone Fund LLC, a wholly owned subsidiary of FB Private Equity Fund LLC. Mr. Pavía has over fifteen years of experience within the banking industry, including roles within the credit risk, current expected credit losses, workout, operations and asset-based lending areas. Prior to joining the Corporation, Mr. Pavía held various leadership positions at other financial institutions in Puerto Rico and in the Government of Puerto Rico.
Recent Insider Transactions • Jun 15Independent Chairman recently sold US$301k worth of stockOn the 11th of June, Roberto Herencia sold around 15k shares on-market at roughly US$20.42 per share. This transaction amounted to 2.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Roberto has been a net seller over the last 12 months, reducing personal holdings by US$2.5m.
Recent Insider Transactions Derivative • Jun 12Independent Chairman notifies of intention to sell stockRoberto Herencia intends to sell 15k shares in the next 90 days after lodging an Intent To Sell Form on the 11th of June. If the sale is conducted around the recent share price of US$20.49, it would amount to US$302k. Since September 2024, Roberto's direct individual holding has decreased from 751.95k shares to 651.95k. Company insiders have collectively sold US$15m more than they bought, via options and on-market transactions in the last 12 months.
공시 • Jun 10First BanCorp. to Report Q2, 2025 Results on Jul 22, 2025First BanCorp. announced that they will report Q2, 2025 results Pre-Market on Jul 22, 2025
Upcoming Dividend • May 22Upcoming dividend of US$0.18 per shareEligible shareholders must have bought the stock before 29 May 2025. Payment date: 13 June 2025. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of American dividend payers (4.8%). Higher than average of industry peers (2.8%).
Declared Dividend • Apr 28First quarter dividend of US$0.18 announcedShareholders will receive a dividend of US$0.18. Ex-date: 29th May 2025 Payment date: 13th June 2025 Dividend yield will be 3.5%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 35% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Apr 25First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: US$0.47 (up from US$0.44 in 1Q 2024). Revenue: US$223.3m (up 2.3% from 1Q 2024). Net income: US$77.1m (up 4.9% from 1Q 2024). Profit margin: 35% (in line with 1Q 2024). Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 10.0%. Revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 12% per year.
공시 • Apr 25+ 1 more updateFirst BanCorp. Announces Net Charge Offs for the First Quarter Ended March 31, 2025First BanCorp. announced net charge offs for the first quarter ended March 31, 2025. The company's net charge-offs were $21.,510 million compared to $11.168 million a year ago.
Seeking Alpha • Apr 20First BanCorp: Bond Market Turbulence, Expected Tourism Slowdown Seems Priced-InSummary I’m expecting loan growth to decelerate this year, as a possible recession in the mainland United States can hurt the tourism industry in Puerto Rico. Low-yielding securities are set to mature this year, which will provide First BanCorp a good opportunity to reinvest in higher-yielding assets, thereby raising the margin. I’m raising my provision expense estimate and, therefore, reducing my earnings estimate for 2025. Yields have jumped up in the bond market so far this month. This could lead to a build-up of mark-to-market losses on FBP’s securities portfolio. FBP is offering a small upside potential of 4.0% and a dividend yield of 3.9%. Read the full article on Seeking Alpha
공시 • Apr 11First BanCorp., Annual General Meeting, May 21, 2025First BanCorp., Annual General Meeting, May 21, 2025.
공시 • Apr 04First BanCorp. to Report Q1, 2025 Results on Apr 24, 2025First BanCorp. announced that they will report Q1, 2025 results Pre-Market on Apr 24, 2025
Recent Insider Transactions Derivative • Mar 28President exercised options and sold US$640k worth of stockOn the 24th of March, Aurelio Aleman-Bermudez exercised options to acquire 34k shares at no cost and sold these for an average price of US$19.04 per share. This trade did not impact their existing holding. For the year to December 2018, Aurelio's total compensation was 25% salary and 75% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Aurelio's direct individual holding has decreased from 1.20m shares to 1.10m. Company insiders have collectively sold US$17m more than they bought, via options and on-market transactions in the last 12 months.
Reported Earnings • Mar 06Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: US$1.82. Revenue: US$879.8m (up 1.9% from FY 2023). Net income: US$298.7m (down 1.4% from FY 2023). Profit margin: 34% (down from 35% in FY 2023). The decrease in margin was driven by higher expenses. Net interest margin (NIM): 4.36% (up from 4.33% in FY 2023). Cost-to-income ratio: 51.9% (up from 50.7% in FY 2023). Non-performing loans: 0.69% (no change from 0.69% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.2%. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US.
Upcoming Dividend • Feb 14Upcoming dividend of US$0.18 per shareEligible shareholders must have bought the stock before 21 February 2025. Payment date: 07 March 2025. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of American dividend payers (4.5%). Higher than average of industry peers (2.5%).
Recent Insider Transactions • Feb 09Insider recently sold US$1.2m worth of stockOn the 7th of February, Carlos Pietrantoni sold around 56k shares on-market at roughly US$20.77 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$1.8m. Insiders have been net sellers, collectively disposing of US$16m more than they bought in the last 12 months.
Declared Dividend • Jan 24Fourth quarter dividend increased to US$0.18Dividend of US$0.18 is 13% higher than last year. Ex-date: 21st February 2025 Payment date: 7th March 2025 Dividend yield will be 3.2%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by earnings (35% payout ratio) and is expected to be well covered in 3 years' time (32% forecast payout ratio). The dividend has increased by an average of 32% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 14% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jan 23Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: US$1.82. Revenue: US$878.3m (up 1.7% from FY 2023). Net income: US$298.7m (down 1.4% from FY 2023). Profit margin: 34% (down from 35% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 3.2%. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US.
Seeking Alpha • Jan 23First BanCorp.: Strong Margin Power And A Growing DividendSummary First BanCorp. reported strong Q4 results with revenue of $241.5 million and EPS of $0.46, both beating estimates. Loans grew by $303.2 million to $12.8 billion, and core deposits increased by $197.9 million, indicating healthy banking activity. Net interest margin rose to 4.33%, with net interest income at $209.3 million, and cost of funds dropped to 2.35%. Despite mixed asset quality trends, the bank remains highly efficient with a 51.57% efficiency ratio and offers attractive dividend growth for FBP investors. Read the full article on Seeking Alpha
공시 • Jan 23First BanCorp. Announces Net Charge Off for the Fourth Quarter Ended December 31, 2024First BanCorp. announced net charge off for the fourth quarter ended December 31, 2024. For the period, Company reported Net charge-offs were $24.6 million or an annualized 0.78% of average loans, compared to $24.0 million, or an annualized 0.78% of average loans, in the third quarter of 2024.
공시 • Jan 22First BanCorp. Announces Quarterly Cash Dividend, Payable on March 7, 2025First BanCorp. announced that its Board of Directors has declared a quarterly cash dividend of $0.18 per share, which represents an increase of 13% or $0.02 per common share compared to its most recent dividend paid in December 2024. The dividend is payable on March 7, 2025 to shareholders of record at the close of business on February 21, 2025.
공시 • Jan 09First BanCorp. to Report Q4, 2024 Results on Jan 23, 2025First BanCorp. announced that they will report Q4, 2024 results Pre-Market on Jan 23, 2025
Recent Insider Transactions • Nov 27Executive VP & COO recently sold US$1.8m worth of stockOn the 25th of November, Donald Kafka sold around 80k shares on-market at roughly US$21.89 per share. This transaction amounted to 46% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$2.2m. Donald has been a net seller over the last 12 months, reducing personal holdings by US$3.9m.
Upcoming Dividend • Nov 22Upcoming dividend of US$0.16 per shareEligible shareholders must have bought the stock before 29 November 2024. Payment date: 13 December 2024. Payout ratio is a comfortable 34% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of American dividend payers (4.3%). Higher than average of industry peers (2.5%).
Recent Insider Transactions • Nov 10Independent Chairman recently sold US$2.2m worth of stockOn the 6th of November, Roberto Herencia sold around 100k shares on-market at roughly US$22.18 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Roberto's only on-market trade for the last 12 months.
Recent Insider Transactions Derivative • Nov 08Independent Chairman notifies of intention to sell stockRoberto Herencia intends to sell 100k shares in the next 90 days after lodging an Intent To Sell Form on the 6th of November. If the sale is conducted around the recent share price of US$22.00, it would amount to US$2.2m. Since March 2024, Roberto's direct individual holding has increased from 747.22k shares to 751.95k. Company insiders have collectively sold US$11m more than they bought, via options and on-market transactions in the last 12 months.
Declared Dividend • Nov 03Third quarter dividend of US$0.16 announcedShareholders will receive a dividend of US$0.16. Ex-date: 29th November 2024 Payment date: 13th December 2024 Dividend yield will be 3.3%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by earnings (34% payout ratio) and is expected to be well covered in 3 years' time (33% forecast payout ratio). The dividend has increased by an average of 32% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 12% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
공시 • Oct 31First BanCorp. Declares Quarterly Cash Dividend on Common Stock, Payable on December 13, 2024First BanCorp. announced that its Board of Directors has declared a quarterly cash dividend of $0.16 per share on its outstanding common stock. The dividend is payable on December 13, 2024 to shareholders of record at the close of business on November 29, 2024.
Reported Earnings • Oct 23Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2024 results: EPS: US$0.45 (down from US$0.47 in 3Q 2023). Revenue: US$219.3m (down 2.8% from 3Q 2023). Net income: US$73.7m (down 10% from 3Q 2023). Profit margin: 34% (down from 36% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 8.9%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 11% per year.
공시 • Oct 23First BanCorp. Announces Net Charge-Offs for the Third Quarter Ended September 30, 2024First BanCorp. announced net charge-offs for the third quarter ended September 30, 2024. For the quarter, the company reported net charge-offs of $24,006,000 against $14,086,000 a year ago.
분석 기사 • Oct 23Here's Why First BanCorp (NYSE:FBP) Has Caught The Eye Of InvestorsFor beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
공시 • Oct 01First BanCorp. to Report Q3, 2024 Results on Oct 23, 2024First BanCorp. announced that they will report Q3, 2024 results Pre-Market on Oct 23, 2024
새로운 내러티브 • Sep 24Tactical Growth And Efficiency Measures Promise Bright Future Despite Analysts' Cautions Enhanced operational efficiency and revenue growth potential driven by investments in IT infrastructure and a focus on commercial construction loans.
Seeking Alpha • Sep 13First BanCorp.: Raising The Earnings Estimate And Upgrading To BuySummary Following the better-than-expected expense control during the first half of the year, I’ve decided to raise my earnings estimate for First BanCorp. for 2024. Mid-single-digit loan growth is the main earnings catalyst for FBP for the next year and a half. The year-end target price suggests a 7.9% upside from the last closing market price. Additionally, FBP is offering a 3.2% dividend yield. Read the full article on Seeking Alpha
Upcoming Dividend • Aug 22Upcoming dividend of US$0.16 per shareEligible shareholders must have bought the stock before 29 August 2024. Payment date: 13 September 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of American dividend payers (4.5%). In line with average of industry peers (2.9%).
Recent Insider Transactions Derivative • Aug 01President notifies of intention to sell stockAurelio Aleman-Bermudez intends to sell 100k shares in the next 90 days after lodging an Intent To Sell Form on the 29th of July. If the sale is conducted around the recent share price of US$21.50, it would amount to US$2.2m. For the year to December 2017, Aurelio's total compensation was 25% salary and 75% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2023, Aurelio's direct individual holding has increased from 1.18m shares to 1.20m. Company insiders have collectively sold US$10m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • Jul 26Executive VP & COO recently sold US$1.1m worth of stockOn the 24th of July, Donald Kafka sold around 50k shares on-market at roughly US$21.81 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth US$1.3m. Donald has been a net seller over the last 12 months, reducing personal holdings by US$2.1m.
Price Target Changed • Jul 26Price target increased by 11% to US$23.00Up from US$20.67, the current price target is an average from 5 analysts. New target price is 5.4% above last closing price of US$21.83. Stock is up 48% over the past year. The company is forecast to post earnings per share of US$1.73 for next year compared to US$1.72 last year.
Declared Dividend • Jul 25Second quarter dividend of US$0.16 announcedShareholders will receive a dividend of US$0.16. Ex-date: 29th August 2024 Payment date: 13th September 2024 Dividend yield will be 2.8%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 32% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 2.5% over the next year, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Jul 24Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: US$0.46 (up from US$0.40 in 2Q 2023). Revenue: US$220.1m (up 4.7% from 2Q 2023). Net income: US$75.8m (up 7.3% from 2Q 2023). Profit margin: 35% (in line with 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 6.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 21% per year, which means it is tracking significantly ahead of earnings growth.
분석 기사 • Jul 24Should You Be Adding First BanCorp (NYSE:FBP) To Your Watchlist Today?It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
공시 • Jul 23+ 2 more updatesFirst BanCorp. Reports Net Charge Offs for the Second Quarter Ended June 30, 2024First BanCorp. reported net charge offs for the second quarter ended June 30, 2024. for the quarter, the company reported net charge-offs of $20,990,000 compared to $19,279,000 year ago.
공시 • Jun 19First BanCorp. to Report Q2, 2024 Results on Jul 23, 2024First BanCorp. announced that they will report Q2, 2024 results Pre-Market on Jul 23, 2024
Seeking Alpha • Jun 19First BanCorp: A Call Option On Puerto RicoSummary First BanCorp is a holding company for FirstBank in Puerto Rico with additional branches in US Virgin Islands, British Virgin Islands, and Florida. The bank's earnings remain strong, but a focus on buying back stock at a premium over tangible book value is concerning. The bank's heavy exposure to Puerto Rico raises concerns about financial performance and balance sheet strength in the face of economic shocks. Read the full article on Seeking Alpha
Upcoming Dividend • May 23Upcoming dividend of US$0.16 per shareEligible shareholders must have bought the stock before 30 May 2024. Payment date: 14 June 2024. Payout ratio is a comfortable 33% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of American dividend payers (4.6%). Higher than average of industry peers (3.0%).
Recent Insider Transactions • May 05Executive VP & CFO recently sold US$1.3m worth of stockOn the 1st of May, Orlando Berges-González sold around 75k shares on-market at roughly US$17.92 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Orlando's only on-market trade for the last 12 months.
Declared Dividend • Apr 29First quarter dividend of US$0.16 announcedShareholders will receive a dividend of US$0.16. Ex-date: 30th May 2024 Payment date: 14th June 2024 Dividend yield will be 3.5%, which is higher than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 40% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 2.8% over the next year, which should provide support to the dividend and adequate earnings cover.
공시 • Apr 27First BanCorp. Declares Quarterly Cash Dividend on Common Stock, Payable on June 14, 2024First BanCorp. announced that its Board of Directors has declared a quarterly cash dividend of $0.16 per share on its outstanding common stock. The dividend is payable on June 14, 2024 to shareholders of record at the close of business on May 30, 2024.
Reported Earnings • Apr 23First quarter 2024 earnings: EPS exceeds analyst expectationsFirst quarter 2024 results: EPS: US$0.44 (up from US$0.39 in 1Q 2023). Revenue: US$218.3m (flat on 1Q 2023). Net income: US$73.5m (up 3.9% from 1Q 2023). Profit margin: 34% (up from 32% in 1Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 18%. Revenue is forecast to grow 7.8% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
공시 • Apr 23First BanCorp. Announces Net Charge Offs for the Quarter Ended March 31, 2024First BanCorp. announced net charge offs for the quarter ended March 31, 2024. Net charge-offs were $11.2 million for the first quarter of 2024, or an annualized 0.37% of average loans, compared to $20.8 million, or an annualized 0.69% of average loans, in the fourth quarter of 2023.
공시 • Apr 09First BanCorp., Annual General Meeting, May 23, 2024First BanCorp., Annual General Meeting, May 23, 2024, at 10:00 Atlantic Standard Time. Agenda: To consider the election of the nine directors named in the accompanying Proxy Statement; to consider and approve on a non-binding basis the 2023 compensation of First BanCorp’s named executive officers; to consider and to ratify the appointment of Crowe LLP as independent registered public accounting firm for our 2024 fiscal year; and to consider other matters.
Recent Insider Transactions Derivative • Apr 04President exercised options and sold US$617k worth of stockOn the 31st of March, Aurelio Aleman-Bermudez exercised options to acquire 35k shares at no cost and sold these for an average price of US$17.54 per share. This trade did not impact their existing holding. For the year to December 2017, Aurelio's total compensation was 26% salary and 74% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2023, Aurelio has owned 1.18m shares directly. Company insiders have collectively sold US$5.8m more than they bought, via options and on-market transactions in the last 12 months.
공시 • Apr 03First BanCorp. to Report Q1, 2024 Results on Apr 23, 2024First BanCorp. announced that they will report Q1, 2024 results Pre-Market on Apr 23, 2024
