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First BanCorp NYSE:FBP Stock Report

Last Price

US$18.38

Market Cap

US$3.0b

7D

-7.2%

1Y

10.9%

Updated

22 Dec, 2024

Data

Company Financials +

First BanCorp.

NYSE:FBP Stock Report

Market Cap: US$3.0b

FBP Stock Overview

Operates as a bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to consumers and commercial customers. More details

FBP fundamental analysis
Snowflake Score
Valuation6/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends3/6

Rewards

Trading at 64.3% below our estimate of its fair value

Earnings grew by 2% over the past year

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 27.9%

Risk Analysis

Significant insider selling over the past 3 months


My Notes

Capture your thoughts, links and company narrative

Community Narratives

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Narratives bring a range of perspectives from our community.

WA
Analyst Price Target
Consensus Narrative from 6 Analysts

Capital Returns And Digital Platform Will Improve Operational Efficiency

Key Takeaways Introduction of the digital platform and strategic management of deposit flows are set to improve operational efficiency and earnings. Strong capital strategy, including debenture redemption and dividend payouts, may enhance investor sentiment and drive EPS growth.
View narrative
US$23.50
FV
21.8% undervalued intrinsic discount
9.10%
Revenue growth p.a.
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4 days ago author updated this narrative

First BanCorp. Competitors

BankUnited

NYSE:BKU

US$2.8b

First National of Nebraska

OTCPK:FINN

US$3.2b

Park National

NYSEAM:PRK

US$2.8b

Central Bancompany

OTCPK:CBCY.B

US$3.0b

Price History & Performance

Summary of share price highs, lows and changes for First BanCorp
Historical stock prices
Current Share PriceUS$18.38
52 Week HighUS$22.40
52 Week LowUS$15.15
Beta1.12
1 Month Change-13.71%
3 Month Change-11.04%
1 Year Change10.86%
3 Year Change35.25%
5 Year Change73.72%
Change since IPO145.35%

Recent News & Updates

Recent updates

Here's Why First BanCorp (NYSE:FBP) Has Caught The Eye Of Investors

Oct 23
Here's Why First BanCorp (NYSE:FBP) Has Caught The Eye Of Investors

First BanCorp.: Raising The Earnings Estimate And Upgrading To Buy

Sep 13

Should You Be Adding First BanCorp (NYSE:FBP) To Your Watchlist Today?

Jul 24
Should You Be Adding First BanCorp (NYSE:FBP) To Your Watchlist Today?

First BanCorp: A Call Option On Puerto Rico

Jun 19

First BanCorp's (NYSE:FBP) Upcoming Dividend Will Be Larger Than Last Year's

Feb 12
First BanCorp's (NYSE:FBP) Upcoming Dividend Will Be Larger Than Last Year's

First BanCorp: Fairly Priced With A Flattish Earnings Outlook

Dec 09

First BanCorp: Worthy Of Consideration

Sep 24

First BanCorp Leveraged To Sustained Improvement In Puerto Rico's Economy

Feb 10

Analyst Estimates: Here's What Brokers Think Of First BanCorp. (NYSE:FBP) After Its Annual Report

Jan 31
Analyst Estimates: Here's What Brokers Think Of First BanCorp. (NYSE:FBP) After Its Annual Report

First BanCorp. Q4 2022 Earnings Preview

Jan 26

Do First BanCorp's (NYSE:FBP) Earnings Warrant Your Attention?

Jan 07
Do First BanCorp's (NYSE:FBP) Earnings Warrant Your Attention?

First BanCorp. Q3 2022 Earnings Preview

Oct 24

If EPS Growth Is Important To You, First BanCorp (NYSE:FBP) Presents An Opportunity

Sep 03
If EPS Growth Is Important To You, First BanCorp (NYSE:FBP) Presents An Opportunity

First BanCorp. goes ex dividend tomorrow

Aug 23

First BanCorp: Stock Price Due For A Breather, Earnings Likely To Continue Full Steam Ahead

Aug 13

First BanCorp. Q2 2022 Earnings Preview

Jul 21

First BanCorp: Revising The Earnings Estimate Upwards Thanks To Better Provisioning Outlook

May 26

First BanCorp (NYSE:FBP) Is Increasing Its Dividend To US$0.12

May 02
First BanCorp (NYSE:FBP) Is Increasing Its Dividend To US$0.12

Shareholder Returns

FBPUS BanksUS Market
7D-7.2%-3.4%-2.4%
1Y10.9%29.1%23.4%

Return vs Industry: FBP underperformed the US Banks industry which returned 29.1% over the past year.

Return vs Market: FBP underperformed the US Market which returned 23.4% over the past year.

Price Volatility

Is FBP's price volatile compared to industry and market?
FBP volatility
FBP Average Weekly Movement5.8%
Banks Industry Average Movement5.2%
Market Average Movement6.3%
10% most volatile stocks in US Market16.8%
10% least volatile stocks in US Market3.1%

Stable Share Price: FBP has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: FBP's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19483,168Aurelio Aleman-Bermudezwww.1firstbank.com

First BanCorp. operates as a bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to consumers and commercial customers. The company operates through six segments: Commercial and Corporate Banking, Mortgage Banking, Consumer (Retail) Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations.

First BanCorp. Fundamentals Summary

How do First BanCorp's earnings and revenue compare to its market cap?
FBP fundamental statistics
Market capUS$2.99b
Earnings (TTM)US$302.51m
Revenue (TTM)US$868.82m

9.9x

P/E Ratio

1.8x

P/B Ratio

Is FBP overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FBP income statement (TTM)
RevenueUS$868.82m
Cost of RevenueUS$0
Gross ProfitUS$868.82m
Other ExpensesUS$566.31m
EarningsUS$302.51m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)1.86
Gross Margin100.00%
Net Profit Margin34.82%
Debt/Equity Ratio36.0%

How did FBP perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

34%

Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 08:49
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

First BanCorp. is covered by 16 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Brandon BermanBofA Global Research
Joseph GladueB. Riley Securities, Inc.
Michael DianaCantor Fitzgerald & Co.