Financial Services -
Banks - Regional - NYSE - US
$ 16.84
-1.86 %
$ 2.76 B
Market Cap
9.3
P/E
1. INTRINSIC VALUE
Balance Sheet
First BanCorp.
| Current Assets | 5.72 B |
| Cash & Short-Term Investments | 5.72 B |
| Receivables | 71.9 M |
| Other Current Assets | -71.9 M |
| Non-Current Assets | 13.6 B |
| Long-Term Investments | 4.94 B |
| PP&E | 133 M |
| Other Non-Current Assets | 8.5 B |
| Current Liabilities | 0 |
| Accounts Payable | 0 |
| Short-Term Debt | 0 |
| Other Current Liabilities | 0 |
| Non-Current Liabilities | 0 |
| Long-Term Debt | 562 M |
| Other Non-Current Liabilities | -562 M |
EFFICIENCY
Earnings Waterfall
First BanCorp.
| Revenue | 131 M |
| Cost Of Revenue | 0 |
| Gross Profit | 131 M |
| Operating Expenses | 49.5 M |
| Operating Income | 81.3 M |
| Other Expenses | -217 M |
| Net Income | 299 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
First BanCorp.
| Net Income | 299 M |
| Depreciation & Amortization | 25 M |
| Capital Expenditures | -10 M |
| Stock-Based Compensation | 8.71 M |
| Change in Working Capital | 266 K |
| Others | 46.6 M |
| Free Cash Flow | 394 M |
Wall Street Analysts Price Targets
First BanCorp.
Wall Street analysts predict an average 1-year price target for FBP of $21 , with forecasts ranging from
a
low of
$21 to a high of $21 .
FBP Lowest Price Target
Wall Street Target
21 USD
24.70%
FBP Average Price Target
Wall Street Target
21 USD
24.70%
FBP Highest Price Target
Wall Street Target
21 USD
24.70%
4. DIVIDEND
ANALYSIS
0.86%
DIVIDEND YIELD
0.18 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
First BanCorp.
Sold
0-3 MONTHS
1.17 M USD 1
3-6 MONTHS
7.44 M USD 7
6-9 MONTHS
4.2 M USD 4
9-12 MONTHS
1.44 M USD 2
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
First BanCorp to Announce 1Q 2025 Results on April 24, 2025
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that it expects to report its financial results for the first quarter ended March 31, 2025, before the market opens on April 24, 2025. First BanCorp will hold a conference call and live webcast to discuss the financial results at 12:00p.m. Eastern time on Thursday, April 24, 2025. The call and webcast will be broadcast live over the internet.
businesswire.com
- 1 week ago
Are You Looking for a High-Growth Dividend Stock?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does First Bancorp (FBP) have what it takes?
zacks.com
- 1 month ago
Is First BanCorp. (FBP) Stock Outpacing Its Finance Peers This Year?
Here is how First Bancorp (FBP) and Colony Bankcorp (CBAN) have performed compared to their sector so far this year.
zacks.com
- 1 month ago
Why Investors Need to Take Advantage of These 2 Finance Stocks Now
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
zacks.com
- 1 month ago
17 Upcoming Dividend Increases, Including 3 Kings
This week's dividend increases feature three Dividend Kings: Archer-Daniels-Midland, Consolidated Edison, and Black Hills Corporation, with streaks of 50, 51, and 55 years, respectively. Consistently rising dividends indicate strong cash flow and financial stability, making such companies attractive long-term investments that often outperform benchmarks. My strategy focuses on stocks with consistent dividend growth and market outperformance, using data from U.S. Dividend Champions and NASDAQ.
seekingalpha.com
- 1 month ago
First BanCorp Announces Strategic Reorganization
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp. (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today a strategic reorganization aligned with its corporate succession plan aimed at improving operational efficiency, enhancing customer experience, and driving business transformation to align resources for future growth and success. “We are pleased to announce this reorganization, which reflect our commitment to fostering the continued developm.
businesswire.com
- 2 months ago
First BanCorp. (FBP) Q4 2024 Earnings Call Transcript
First BanCorp. (NYSE:FBP ) Q4 2024 Earnings Conference Call January 23, 2025 10:00 AM ET Company Participants Ramon Rodriguez - Investor Relations Officer Aurelio Aleman - President and CEO Orlando Berges - Executive Vice President and CFO Conference Call Participants Frank Schiraldi - Piper Sandler Timur Braziler - Wells Fargo Kelly Motta - KBW Steve Moss - Raymond James Operator Hello, everyone. And thank you for joining the First BanCorp. Fourth Quarter 2024 and Full Year Financial Results.
seekingalpha.com
- 2 months ago
Here's What Key Metrics Tell Us About First Bancorp (FBP) Q4 Earnings
Although the revenue and EPS for First Bancorp (FBP) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
zacks.com
- 2 months ago
First Bancorp (FBP) Beats Q4 Earnings and Revenue Estimates
First Bancorp (FBP) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.49 per share a year ago.
zacks.com
- 2 months ago
First BanCorp. Announces Earnings for the Quarter and Year Ended December 31, 2024
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp. (the “Corporation” or “First BanCorp.”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico (“FirstBank” or “the Bank”), today reported a net income of $75.7 million, or $0.46 per diluted share, for the fourth quarter of 2024, compared to $73.7 million, or $0.45 per diluted share, for the third quarter of 2024, and $79.5 million, or $0.46 per diluted share, for the fourth quarter of 2023. For the year ended December 31, 2024, th.
businesswire.com
- 2 months ago
First BanCorp Announces a 13% Increase in Quarterly Cash Dividend on Common Stock to $0.18 Per Share
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp. (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today 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. “We are pleased to a.
businesswire.com
- 2 months ago
Insights Into First Bancorp (FBP) Q4: Wall Street Projections for Key Metrics
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for First Bancorp (FBP), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2024.
zacks.com
- 2 months ago
8. Profile
Summary
First BanCorp. FBP
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 2.76 B
Dividend Yield
0.86%
Description
First BanCorp. operates as a bank holding company for FirstBank Puerto Rico that provides various financial services for retail, commercial, and institutional clients. 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. The Commercial and Corporate Banking segment offers commercial loans, including commercial real estate and construction loans and floor plan financings; and other products, such as cash management and business management services. The Mortgage Banking segment engages in the origination, sale, and servicing of various residential mortgage loans; acquisition and sale of mortgages in the secondary markets; and purchase of mortgage loans from other local banks and mortgage bankers. The Consumer (Retail) Banking segment provides auto, boat, credit card, and personal loans; lines of credit; deposit products comprising interest bearing and non-interest bearing checking and savings accounts, individual retirement accounts, and retail certificates of deposit (CDs); and finance leasing and insurance agency services. The Treasury and Investments segment offers funding and liquidity management services. The United States Operations segment provides checking, savings, and money market accounts, as well as retail CDs; traditional commercial and industrial, and commercial real estate loans; and internet banking, cash management, remote deposit capture, and automated clearing house, and transactions services. The Virgin Islands Operations segment is involved in consumer, commercial lending, and deposit-taking activities. The company operates 64 branches in Puerto Rico, 8 branches in the U.S. Virgin Islands and British Virgin Islands, and 11 branches in the state of Florida. First BanCorp. was founded in 1948 and is headquartered in San Juan, Puerto Rico.
Contact
1519 Ponce de Leon Ave., San Juan, PR, 00908-0146
https://www.1firstbank.com
IPO
Date
Jan. 13, 1987
Employees
3113
Officers
Mr. Juan Carlos Pavia
Executive Vice President & Chief Credit Officer
Mr. Donald L. Kafka
Executive Vice President & Chief Operating Officer
Mr. Thomas Michael McDonald
Executive Vice President & Business Group Director
Mr. Jose Maria Lacasa
Executive Vice President & Florida Business Director
Mr. Orlando Berges-González CPA
Executive Vice President & Chief Financial Officer
Mr. Cassan A. Pancham
Executive Vice President & Business Group Director
Ms. Sara Alvarez-Cabrero
Executive Vice President, General Counsel & Secretary of the Board
Mr. Ramon Rodriguez C.F.A.
Senior Vice President of Corporate Strategy / Investor Relations
Mr. Aurelio Aleman-Bermudez
President, Chief Executive Officer & Director
Ms. Ginoris Lopez-Lay
Executive Vice President & Strategic Management Director