First BanCorp (NYSE:FBP) - Stock Price, News & Analysis

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
Valuation	5/6
Future Growth	0/6
Past Performance	4/6
Financial Health	6/6
Dividends	3/6

Rewards

Trading at 59.8% below our estimate of its fair value

Earnings grew by 2% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Significant insider selling over the past 3 months

First BanCorp. Competitors

First National of Nebraska

OTCPK:FINN

US$3.3b

Park National

NYSEAM:PRK

US$3.1b

First Hawaiian

NasdaqGS:FHB

US$3.4b

BankUnited

NYSE:BKU

US$3.1b

Price History & Performance

Summary of all time highs, changes and price drops for First BanCorp
Historical stock prices
Current Share Price	US$20.69
52 Week High	US$22.40
52 Week Low	US$14.72
Beta	1.11
11 Month Change	2.83%
3 Month Change	0.39%
1 Year Change	37.75%
33 Year Change	41.13%
5 Year Change	97.42%
Change since IPO	176.19%

Recent updates

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

Jan 31

First BanCorp. Q4 2022 Earnings Preview

Jan 26

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

Jan 07

First BanCorp. Q3 2022 Earnings Preview

Oct 24

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

Sep 03

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

Shareholder Returns

	FBP	US Banks	US Market
7D	-2.9%	-0.4%	-1.2%
1Y	37.7%	54.2%	30.4%

Return vs Industry: FBP underperformed the US Banks industry which returned 54.2% over the past year.

Return vs Market: FBP exceeded the US Market which returned 30.4% over the past year.

Price Volatility

Is FBP's price volatile compared to industry and market?
FBP volatility
FBP Average Weekly Movement	5.8%
Banks Industry Average Movement	5.2%
Market Average Movement	6.2%
10% most volatile stocks in US Market	15.5%
10% least volatile stocks in US Market	3.1%

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

Founded	Employees	CEO	Website
1948	3,168	Aurelio Aleman-Bermudez	www.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 cap	US$3.34b
Earnings (TTM)	US$302.51m
Revenue (TTM)	US$868.82m

11.1x

P/E Ratio

2.0x

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)
Revenue	US$868.82m
Cost of Revenue	US$0
Gross Profit	US$868.82m
Other Expenses	US$566.31m
Earnings	US$302.51m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	1.86
Gross Margin	100.00%
Net Profit Margin	34.82%
Debt/Equity Ratio	36.0%

How did FBP perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

34%

Payout Ratio

Does FBP pay a reliable dividends?

See FBP dividend history and benchmarks

When do you need to buy FBP by to receive an upcoming dividend?
First BanCorp dividend dates
Ex Dividend Date	Nov 29 2024
Dividend Pay Date	Dec 13 2024
Days until Ex dividend	8 days
Days until Dividend pay date	22 days

Does FBP pay a reliable dividends?

See FBP dividend history and benchmarks

FBP Stock Overview

Rewards

Risk Analysis

First BanCorp. Competitors

OTCPK:FINN

US$3.3b

NYSEAM:PRK

US$3.1b

NasdaqGS:FHB

US$3.4b

NYSE:BKU

US$3.1b

Price History & Performance

Recent News & Updates

Independent Chairman recently sold US$2.2m worth of stock

Independent Chairman notifies of intention to sell stock

Third quarter dividend of US$0.16 announced

First BanCorp. Declares Quarterly Cash Dividend on Common Stock, Payable on December 13, 2024

Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

First BanCorp. Announces Net Charge-Offs for the Third Quarter Ended September 30, 2024

Recent updates

Independent Chairman recently sold US$2.2m worth of stock

Independent Chairman notifies of intention to sell stock

Third quarter dividend of US$0.16 announced

First BanCorp. Declares Quarterly Cash Dividend on Common Stock, Payable on December 13, 2024

Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

First BanCorp. Announces Net Charge-Offs for the Third Quarter Ended September 30, 2024

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

First BanCorp. to Report Q3, 2024 Results on Oct 23, 2024

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

Upcoming dividend of US$0.16 per share

President notifies of intention to sell stock

Executive VP & COO recently sold US$1.1m worth of stock

Price target increased by 11% to US$23.00

Second quarter dividend of US$0.16 announced

Second quarter 2024 earnings: EPS exceeds analyst expectations

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

First BanCorp. Reports Net Charge Offs for the Second Quarter Ended June 30, 2024

First BanCorp. to Report Q2, 2024 Results on Jul 23, 2024

First BanCorp: A Call Option On Puerto Rico

Upcoming dividend of US$0.16 per share

Executive VP & CFO recently sold US$1.3m worth of stock

First quarter dividend of US$0.16 announced

First BanCorp. Declares Quarterly Cash Dividend on Common Stock, Payable on June 14, 2024

First quarter 2024 earnings: EPS exceeds analyst expectations

First BanCorp. Announces Net Charge Offs for the Quarter Ended March 31, 2024

First BanCorp., Annual General Meeting, May 23, 2024

President exercised options and sold US$617k worth of stock

First BanCorp. to Report Q1, 2024 Results on Apr 23, 2024

Executive VP & CFO notifies of intention to sell stock

President recently sold US$858k worth of stock

Full year 2023 earnings: EPS exceeds analyst expectations

Upcoming dividend of US$0.16 per share at 3.4% yield

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

Fourth quarter dividend increased to US$0.16

First BanCorp. Increases Quarterly Cash Dividend on Common Stock, Payable on March 8, 2024

Price target increased by 7.4% to US$18.90

Full year 2023 earnings: EPS exceeds analyst expectations

First BanCorp. Reports Net Charge-Off for the Fourth Quarter Ended December 31, 2023

First BanCorp. to Report Q4, 2023 Results on Jan 24, 2024

First BanCorp: Fairly Priced With A Flattish Earnings Outlook

Executive VP & COO recently sold US$1.0m worth of stock

Executive VP & COO notifies of intention to sell stock

Upcoming dividend of US$0.14 per share at 3.7% yield

Insufficient new directors

First BanCorp. Declares Quarterly Cash Dividend on Common Stock, Payable on December 8, 2023

Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

First BanCorp. to Report Q3, 2023 Results on Oct 20, 2023

First BanCorp: Worthy Of Consideration

Upcoming dividend of US$0.14 per share at 3.8% yield

Price target increased by 15% to US$16.20

First BanCorp. Reports Net Charge Off for the Second Quarter Ended June 30, 2023

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

First BanCorp. (NYSE:FBP) announces an Equity Buyback for $225 million worth of its shares.

First BanCorp. to Report Q2, 2023 Results on Jul 27, 2023

Investor sentiment improves as stock rises 17%

Upcoming dividend of US$0.14 per share at 5.1% yield

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

President exercised options and sold US$1.1m worth of stock

Price target decreased by 7.1% to US$15.60