First BanCorp Balance Sheet Health

Financial Health criteria checks 6/6

First BanCorp has total assets of $18.9B and total equity of $1.7B. Total deposits are $16.3B, and total loans are $12.2B. It earns a Net Interest Margin of 4.3%. It has sufficient allowance for bad loans, which are currently at 0.7% of total loans. Cash and short-term investments are $685.4M.

Key information

11.1x

Asset to equity ratio

4.3%

Net interest margin

Total deposits	US$16.35b
Loan to deposit ratio	Appropriate
Bad loans	0.7%
Allowance for bad loans	Sufficient
Current ratio	Low
Cash & equivalents	US$685.37m

Recent financial health updates

No updates

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

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Financial Institutions Analysis

Asset Level: FBP's Assets to Equity ratio (11.1x) is moderate.

Allowance for Bad Loans: FBP has a sufficient allowance for bad loans (276%).

Low Risk Liabilities: 95% of FBP's liabilities are made up of primarily low risk sources of funding.

Loan Level: FBP has an appropriate level of Loans to Assets ratio (65%).

Low Risk Deposits: FBP's Loans to Deposits ratio (75%) is appropriate.

Level of Bad Loans: FBP has an appropriate level of bad loans (0.7%).

First BanCorp Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

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

Upcoming dividend of US$0.14 per share at 3.9% yield

First BanCorp. Declares Quarterly Cash Dividend, Payable on March 10, 2023

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

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

Full year 2022 earnings: EPS in line with expectations, revenues disappoint

First BanCorp. Reports Net Charge-Off for the Fourth Quarter Ended December 31, 2022

First BanCorp. Q4 2022 Earnings Preview

First BanCorp. to Report Q4, 2022 Results on Jan 27, 2023

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

President recently sold US$611k worth of stock

President recently sold US$611k worth of stock

First BanCorp. Declares Quarterly Cash Dividend on Its Outstanding Common Stock, Payable on December 9, 2022

Third quarter 2022 earnings: EPS exceeds analyst expectations

First BanCorp. Q3 2022 Earnings Preview

First BanCorp. to Report Q3, 2022 Results on Oct 25, 2022

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