Financial Services - Banks - Regional - NYSE - US
$ 20.94
0.0478 %
$ 3.43 B
Market Cap
11.57
P/E
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.[ Read More ]
The intrinsic value of one FBP stock under the base case scenario is HIDDEN Compared to the current market price of 20.9 USD, First BanCorp. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart FBP
FINANCIALS
863 M
REVENUE
480 M
OPERATING INCOME
303 M
NET INCOME
361 M
OPERATING CASH FLOW
-78.4 M
INVESTING CASH FLOW
-102 M
FINANCING CASH FLOW
32.5 M
REVENUE
96.4 M
OPERATING INCOME
75.8 M
NET INCOME
69.5 M
OPERATING CASH FLOW
-28.3 M
INVESTING CASH FLOW
-141 M
FINANCING CASH FLOW
Balance Sheet Decomposition
First BanCorp.
| Current Assets | 774 M |
| Cash & Short-Term Investments | 662 M |
| Receivables | 0 |
| Other Current Assets | 111 M |
| Non-Current Assets | 18.3 B |
| Long-Term Investments | 43.5 M |
| PP&E | 211 M |
| Other Non-Current Assets | 18 B |
| Current Liabilities | 12.2 B |
| Accounts Payable | 0 |
| Short-Term Debt | 0 |
| Other Current Liabilities | 12.2 B |
| Non-Current Liabilities | 5.4 B |
| Long-Term Debt | 662 M |
| Other Non-Current Liabilities | 4.74 B |
EFFICIENCY
Earnings Waterfall
First BanCorp.
| Revenue | 863 M |
| Cost Of Revenue | 0 |
| Gross Profit | 863 M |
| Operating Expenses | 897 M |
| Operating Income | 480 M |
| Other Expenses | 178 M |
| Net Income | 303 M |
RATIOS
100.00%
GROSS MARGIN
55.66%
OPERATING MARGIN
35.08%
NET MARGIN
20.22%
ROE
1.59%
ROA
16.96%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
First BanCorp.
| Net Income | 303 M |
| Depreciation & Amortization | 28.2 M |
| Capital Expenditures | -22.6 M |
| Stock-Based Compensation | 7.8 M |
| Change in Working Capital | -44.9 M |
| Others | 15.5 M |
| Free Cash Flow | 338 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
0.29%
FBP Average Price Target
Wall Street Target
21 USD
0.29%
FBP Highest Price Target
Wall Street Target
21 USD
0.29%
4. DIVIDEND ANALYSIS
0.00%
DIVIDEND YIELD
0.16 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
First BanCorp.
Sold
0-3 MONTHS
5.59 M USD 6
3-6 MONTHS
4.09 M USD 4
6-9 MONTHS
2.62 M USD 4
9-12 MONTHS
3.21 M USD 5
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
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
6 days ago
Nov 11, 2024
|
Sell 1.08 M USD
|
ALEMAN AURELIO
President and CEO |
- 50000
|
21.6392 USD |
|
1 week ago
Nov 08, 2024
|
Sell 530 K USD
|
RIVERA NAYDA
EVP and CRO |
- 25000
|
21.1936 USD |
|
1 week ago
Nov 07, 2024
|
Sell 1.39 M USD
|
Lopez-Lay Ginoris
EVP |
- 64000
|
21.7524 USD |
|
1 week ago
Nov 06, 2024
|
Sell 2.22 M USD
|
HERENCIA ROBERTO R
Director |
- 100000
|
22.1812 USD |
|
1 week ago
Nov 06, 2024
|
Sell 163 K USD
|
Frye Daniel Edward
Director |
- 7662
|
21.262 USD |
|
2 months ago
Sep 03, 2024
|
Sell 41.8 K USD
|
McDonald Michael
EVP |
- 1944
|
21.51 USD |
|
2 months ago
Aug 26, 2024
|
Sell 165 K USD
|
McDonald Michael
EVP |
- 7612
|
21.65 USD |
|
3 months ago
Aug 15, 2024
|
Sell 65.2 K USD
|
McDonald Michael
EVP |
- 3201
|
20.3739 USD |
|
3 months ago
Aug 16, 2024
|
Sell 186 K USD
|
McDonald Michael
EVP |
- 9048
|
20.5253 USD |
|
3 months ago
Jul 30, 2024
|
Sell 493 K USD
|
Power Carlos
EVP |
- 22896
|
21.5329 USD |
|
3 months ago
Jul 29, 2024
|
Sell 1.08 M USD
|
ALEMAN AURELIO
President and CEO |
- 50000
|
21.617 USD |
|
3 months ago
Jul 30, 2024
|
Sell 1.08 M USD
|
ALEMAN AURELIO
President and CEO |
- 50000
|
21.5221 USD |
|
3 months ago
Jul 24, 2024
|
Sell 1.09 M USD
|
Kafka Donald
EVP and COO |
- 50000
|
21.812 USD |
|
5 months ago
May 28, 2024
|
Sell 95.1 K USD
|
Power Carlos
EVP |
- 5277
|
18.0129 USD |
|
6 months ago
May 01, 2024
|
Sell 1.34 M USD
|
Berges Gonzalez Orlando
EVP and CFO |
- 75000
|
17.9187 USD |
|
8 months ago
Mar 15, 2024
|
Sell 165 K USD
|
LUZ CRESPO
Director |
- 10000
|
16.4668 USD |
|
8 months ago
Mar 05, 2024
|
Sell 858 K USD
|
ALEMAN AURELIO
President and CEO |
- 50000
|
17.1659 USD |
|
8 months ago
Mar 05, 2024
|
Sell 257 K USD
|
RIVERA NAYDA
EVP and CRO |
- 15000
|
17.12 USD |
|
9 months ago
Jan 30, 2024
|
Sell 999 K USD
|
McDonald Michael
EVP |
- 57600
|
17.3381 USD |
|
11 months ago
Dec 15, 2023
|
Sell 156 K USD
|
Power Carlos
EVP |
- 9433
|
16.5027 USD |
|
11 months ago
Dec 07, 2023
|
Sell 790 K USD
|
ALEMAN AURELIO
President and CEO |
- 50000
|
15.7929 USD |
|
11 months ago
Dec 05, 2023
|
Sell 236 K USD
|
RIVERA NAYDA
EVP and CRO |
- 15000
|
15.7599 USD |
|
11 months ago
Dec 05, 2023
|
Sell 1.03 M USD
|
Kafka Donald
EVP and COO |
- 65000
|
15.7852 USD |
|
1 year ago
Mar 15, 2023
|
Bought 34.8 K USD
|
Heffern John A.
Director |
+ 3000
|
11.6091 USD |
|
1 year ago
Mar 10, 2023
|
Bought 6.32 K USD
|
Dedrick Tracey A
Director |
+ 500
|
12.65 USD |
|
2 years ago
Nov 10, 2022
|
Sell 48.2 K USD
|
Frye Daniel Edward
Director |
- 3041
|
15.84 USD |
|
2 years ago
Nov 08, 2022
|
Sell 77 K USD
|
RIVERA NAYDA
EVP and CRO |
- 5000
|
15.4 USD |
|
2 years ago
Nov 10, 2022
|
Sell 316 K USD
|
RIVERA NAYDA
EVP and CRO |
- 20000
|
15.8119 USD |
|
2 years ago
Nov 08, 2022
|
Sell 540 K USD
|
ALEMAN AURELIO
President and CEO |
- 35249
|
15.3069 USD |
|
2 years ago
Nov 09, 2022
|
Sell 71.9 K USD
|
ALEMAN AURELIO
President and CEO |
- 4751
|
15.1321 USD |
|
2 years ago
Feb 11, 2022
|
Bought 89.9 K USD
|
Eaves Patricia
Director |
+ 5950
|
15.1066 USD |
|
2 years ago
Aug 12, 2022
|
Sell 162 K USD
|
RIVERA NAYDA
EVP and CRO |
- 10000
|
16.1625 USD |
|
2 years ago
Aug 10, 2022
|
Sell 782 K USD
|
Berges Gonzalez Orlando
EVP and CFO |
- 50000
|
15.6376 USD |
|
2 years ago
Jul 29, 2022
|
Sell 151 K USD
|
RIVERA NAYDA
EVP and CRO |
- 10000
|
15.1 USD |
|
2 years ago
Jul 27, 2022
|
Sell 600 K USD
|
ALEMAN AURELIO
President and CEO |
- 40000
|
15.0022 USD |
|
2 years ago
Jul 28, 2022
|
Sell 300 K USD
|
ALEMAN AURELIO
President and CEO |
- 20000
|
15.0018 USD |
|
2 years ago
Jul 27, 2022
|
Sell 149 K USD
|
ALEMAN AURELIO
President and CEO |
- 10000
|
14.9291 USD |
|
2 years ago
Jul 25, 2022
|
Sell 300 K USD
|
RIVERA NAYDA
EVP and CRO |
- 20000
|
15 USD |
|
2 years ago
May 17, 2022
|
Sell 1.41 M USD
|
HERENCIA ROBERTO R
director: |
- 100000
|
14.1125 USD |
|
2 years ago
Feb 08, 2022
|
Sell 303 K USD
|
RIVERA NAYDA
EVP and CRO |
- 20000
|
15.1516 USD |
|
2 years ago
Nov 22, 2021
|
Sell 952 K USD
|
ALEMAN AURELIO
President and CEO |
- 65000
|
14.6402 USD |
|
3 years ago
Oct 26, 2021
|
Sell 149 K USD
|
RIVERA NAYDA
EVP and CRO |
- 10034
|
14.89 USD |
|
3 years ago
Aug 02, 2021
|
Bought 122 USD
|
Eaves Patricia
Director |
+ 10
|
12.165 USD |
|
3 years ago
Jul 30, 2021
|
Bought 9.86 K USD
|
Eaves Patricia
Director |
+ 800
|
12.33 USD |
|
3 years ago
Jun 11, 2021
|
Bought 3.06 K USD
|
Heffern John A.
Director |
+ 237.3799
|
12.87 USD |
|
3 years ago
Jun 08, 2021
|
Sell 520 K USD
|
ALEMAN AURELIO
President and CEO |
- 40000
|
12.9905 USD |
|
3 years ago
Mar 12, 2021
|
Bought 298 USD
|
Frye Daniel Edward
Director |
+ 24.78
|
12.04 USD |
|
3 years ago
May 14, 2021
|
Sell 260 K USD
|
Berges Gonzalez Orlando
EVP and CFO |
- 20000
|
13.02 USD |
|
3 years ago
May 10, 2021
|
Sell 391 K USD
|
ALEMAN AURELIO
President and CEO |
- 30000
|
13.0237 USD |
|
3 years ago
May 12, 2021
|
Sell 128 K USD
|
ALEMAN AURELIO
President and CEO |
- 10000
|
12.85 USD |
|
3 years ago
May 05, 2021
|
Sell 645 K USD
|
Berges Gonzalez Orlando
EVP and CFO |
- 50000
|
12.8967 USD |
|
3 years ago
May 05, 2021
|
Sell 393 K USD
|
Berges Gonzalez Orlando
EVP and CFO |
- 30000
|
13.105 USD |
|
3 years ago
May 03, 2021
|
Sell 1.01 M USD
|
McDonald Michael
EVP |
- 80000
|
12.58 USD |
|
3 years ago
Apr 28, 2021
|
Bought 31.3 K USD
|
Heffern John A.
Director |
+ 2500
|
12.5352 USD |
|
3 years ago
Mar 10, 2021
|
Bought 2.89 K USD
|
Heffern John A.
Director |
+ 258.1241
|
11.2 USD |
|
3 years ago
Mar 08, 2021
|
Sell 226 K USD
|
Odell Lawrence
EVP and General Counsel |
- 20000
|
11.297 USD |
|
3 years ago
Mar 05, 2021
|
Sell 1.2 M USD
|
PANCHAM CASSAN
EVP |
- 108000
|
11.1 USD |
|
3 years ago
Mar 05, 2021
|
Sell 33 K USD
|
Frye Daniel Edward
Director |
- 3000
|
11 USD |
|
4 years ago
Mar 13, 2020
|
Bought 167 USD
|
Frye Daniel Edward
Director |
+ 27.184
|
6.14 USD |
7. News
First BanCorp. (FBP) Q3 2024 Earnings Call Transcript
First BanCorp. (NYSE:FBP ) Q3 2024 Earnings Conference Call October 23, 2024 10:00 AM ET Company Participants Ramon Rodriguez - IR Aurelio Aleman - President and CEO Orlando Berges - EVP, CFO Conference Call Participants Timur Braziler - Wells Fargo Steve Moss - Raymond James Frank Schiraldi - Piper Sandler Kelly Motta - KBW Operator Good morning all. And thank you all for attending the First BanCorp Q3 2024 Financial Results Conference Call.
seekingalpha.com
- 3 weeks ago
Here's What Key Metrics Tell Us About First Bancorp (FBP) Q3 Earnings
While the top- and bottom-line numbers for First Bancorp (FBP) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
zacks.com
- 3 weeks ago
First Bancorp (FBP) Tops Q3 Earnings Estimates
First Bancorp (FBP) came out with quarterly earnings of $0.45 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.46 per share a year ago.
zacks.com
- 3 weeks ago
Ahead of First Bancorp (FBP) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
Besides Wall Street's top -and-bottom-line estimates for First Bancorp (FBP), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
zacks.com
- 3 weeks ago
Earnings Preview: First Bancorp (FBP) Q3 Earnings Expected to Decline
First Bancorp (FBP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
zacks.com
- 1 month ago
First BanCorp to Announce 3Q 2024 Results on October 23, 2024
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 third quarter ended September 30, 2024, before the market opens on October 23, 2024. First BanCorp will hold a conference call and live webcast to discuss the financial results at 10:00 a.m. Eastern time on Wednesday, October 23, 2024. The call and webcast will be broadcast live over the.
businesswire.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
First BanCorp.: Raising The Earnings Estimate And Upgrading To Buy
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.
seekingalpha.com
- 2 months ago
First BanCorp. (FBP) Q2 2024 Earnings Call Transcript
First BanCorp. (NYSE:FBP ) Q2 2024 Earnings Conference Call July 23, 2024 10:00 AM ET Company Participants Ramon Rodriguez - IR Officer Aurelio Aleman-Bermudez - President and CEO Orlando Berges-Gonzalez - EVP and CFO Conference Call Participants Brett Rabatin - Hovde Group Steve Moss - Raymond James Timur Braziler - Wells Fargo Kelly Motta - KBW Operator Good morning, everyone. My name is Kiki, and I will be your conference operator today.
seekingalpha.com
- 3 months ago
First Bancorp (FBP) Q2 Earnings and Revenues Surpass Estimates
First Bancorp (FBP) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.37 per share a year ago.
zacks.com
- 3 months ago
BPOP vs. FBP: Which Stock Is the Better Value Option?
Investors with an interest in Banks - Southeast stocks have likely encountered both Popular (BPOP) and First Bancorp (FBP). But which of these two stocks offers value investors a better bang for their buck right now?
zacks.com
- 3 months ago
First Bancorp (FBP) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
First Bancorp (FBP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
zacks.com
- 4 months ago
8. Profile Summary
First BanCorp. FBP
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 3.43 B
Dividend Yield
0.00%
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
3168
Officers
Mr. Ramon Rodriguez C.F.A.
Senior Vice President of Corporate Strategy / Investor Relations
Mr. Aurelio Aleman-Bermudez
President, Chief Executive Officer & Director
Mr. Thomas Michael McDonald
Executive Vice President & Business Group 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. Donald L. Kafka
Executive Vice President & Chief Operating Officer
Ms. Nayda Rivera-Batista CPA
Executive Vice President & Chief Risk Officer
Mr. Said Ortiz CPA
Chief Accounting Officer, Controller & Senior Vice President
Ms. Ginoris Lopez-Lay
Executive Vice President & Strategic Management Director