(FBP) First Bancorp - Overview

Sector: Financial Services | Industry: Banks - Regional | Exchange: NYSE (USA) | Market Cap: 3.572m USD | Total Return: 14.3% in 12m

Mortgages, Consumer Loans, Commercial Banking, Deposits, Insurance
Total Rating 45
Safety 64
Buy Signal 0.45
Banks - Regional
Industry Rotation: -9.8
Market Cap: 3.57B
Avg Turnover: 26.8M
Risk 3d forecast
Volatility28.2%
VaR 5th Pctl4.56%
VaR vs Median-2.06%
Reward TTM
Sharpe Ratio0.49
Rel. Str. IBD56.8
Rel. Str. Peer Group63
Character TTM
Beta0.753
Beta Downside0.889
Hurst Exponent0.511
Drawdowns 3y
Max DD22.87%
CAGR/Max DD1.40
CAGR/Mean DD5.57
EPS (Earnings per Share) EPS (Earnings per Share) of FBP over the last years for every Quarter: "2021-03": 0.31, "2021-06": 0.36, "2021-09": 0.37, "2021-12": 0.36, "2022-03": 0.41, "2022-06": 0.38, "2022-09": 0.4, "2022-12": 0.4, "2023-03": 0.39, "2023-06": 0.38, "2023-09": 0.46, "2023-12": 0.49, "2024-03": 0.44, "2024-06": 0.46, "2024-09": 0.45, "2024-12": 0.46, "2025-03": 0.47, "2025-06": 0.5, "2025-09": 0.63, "2025-12": 0.55, "2026-03": 0.57,
EPS CAGR: 11.42%
EPS Trend: 88.4%
Last SUE: 2.21
Qual. Beats: 1
Revenue Revenue of FBP over the last years for every Quarter: 2021-03: 219.525, 2021-06: 222.871, 2021-09: 229.21, 2021-12: 219.136, 2022-03: 223.946, 2022-06: 238.682, 2022-09: 247.67, 2022-12: 242.877, 2023-03: 272.241, 2023-06: 281.575, 2023-09: 295.194, 2023-12: 274.534, 2024-03: 299.22, 2024-06: 300.193, 2024-09: 301.605, 2024-12: 291.74, 2025-03: 308.782, 2025-06: 302.065, 2025-09: 304.536, 2025-12: 320.396, 2026-03: 318.471,
Rev. CAGR: 7.99%
Rev. Trend: 89.7%
Last SUE: 0.72
Qual. Beats: 0

Warnings

No concerns identified

Tailwinds

Confidence

Description: FBP First Bancorp

First BanCorp (FBP) is a financial holding company headquartered in San Juan, Puerto Rico, operating primarily through its subsidiary, FirstBank Puerto Rico. The institution provides a comprehensive suite of retail and commercial banking products, mortgage services, and treasury operations across geographical segments including Puerto Rico, the United States, and the Virgin Islands. Its business model relies on diversified revenue streams from consumer lending, commercial real estate, and insurance agency services.

As a regional bank, First BanCorp utilizes a traditional spread-based model, earning income from the difference between interest paid on deposits and interest earned on loans. Regional banks in island economies often face unique credit risk profiles and deposit concentration dynamics compared to mainland U.S. counterparts. The company’s Treasury and Investments segment specifically manages liquidity through institutional funding sources like Federal Home Loan Bank (FHLB) advances and repurchase agreements.

Investors may find additional fundamental data and valuation metrics on ValueRay to further their analysis. First BanCorp continues to maintain its historical focus on mortgage servicing and small business lending within its core Caribbean markets.

Headlines to Watch Out For
  • Puerto Rico economic growth and infrastructure spending drive loan demand
  • Interest rate volatility impacts net interest margin and funding costs
  • Asset quality and credit loss provisions influence bottom-line profitability
  • Strategic deposit management and brokered funding levels affect liquidity stability
  • Regulatory compliance and capital adequacy requirements impact shareholder return potential
Piotroski VR‑10 (Strict) 4.0
Net Income: 356.6m TTM > 0 and > 6% of Revenue
FCF/TA: 0.02 > 0.02 and ΔFCF/TA 0.30 > 1.0
NWC/Revenue: 40.89% < 20% (prev -1.20k%; Δ 1.24k% < -1%)
CFO/TA 0.02 > 3% & CFO 457.6m > Net Income 356.6m
Net Debt (-259.2m) to EBITDA (441.4m): -0.59 < 3
Current Ratio: 5.73 > 1.5 & < 3
Outstanding Shares: last quarter (156.1m) vs 12m ago -5.70% < -2%
Gross Margin: 73.76% > 18% (prev 0.71%; Δ 7.30k% > 0.5%)
Asset Turnover: 6.52% > 50% (prev 6.29%; Δ 0.23% > 0%)
Interest Coverage Ratio: 0.84 > 6 (EBITDA TTM 441.4m / Interest Expense TTM 248.4m)
Altman Z'' 0.77
A: 0.03 (Total Current Assets 616.9m - Total Current Liabilities 107.6m) / Total Assets 19.09b
B: 0.12 (Retained Earnings 2.33b / Total Assets 19.09b)
C: 0.01 (EBIT TTM 209.1m / Avg Total Assets 19.10b)
D: 0.12 (Book Value of Equity 1.99b / Total Liabilities 17.12b)
Altman-Z'' Score: 0.77 = B
Beneish M -2.96
DSRI: 1.03 (Receivables 67.7m/63.8m, Revenue 1.25b/1.20b)
GMI: 0.96 (GM 73.76% / 70.62%)
AQI: 1.11 (AQ_t 0.96 / AQ_t-1 0.87)
SGI: 1.04 (Revenue 1.25b / 1.20b)
TATA: -0.01 (NI 356.6m - CFO 457.6m) / TA 19.09b)
Beneish M-Score: -2.96 (Cap -4..+1) = A
What is the price of FBP shares? As of May 16, 2026, the stock is trading at USD 23.28 with a total of 1,238,722 shares traded.
Over the past week, the price has changed by -3.20%, over one month by +1.97%, over three months by +4.12% and over the past year by +14.26%.
Is FBP a buy, sell or hold? First Bancorp has received a consensus analysts rating of 4.33. Therefore, it is recommended to buy FBP.
  • StrongBuy: 3
  • Buy: 2
  • Hold: 1
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the FBP price?
Analysts Target Price 26 11.7%
First Bancorp (FBP) - Fundamental Data Overview as of 14 May 2026
P/E Trailing = 10.2622
P/E Forward = 20.7469
P/S = 3.9347
P/B = 1.8912
P/EG = 4.1492
Revenue TTM = 1.25b USD
EBIT TTM = 209.1m USD
EBITDA TTM = 441.4m USD
Long Term Debt = 200.0m USD (from longTermDebt, last fiscal year)
Short Term Debt = 107.6m USD (from shortTermDebt, last fiscal year)
Debt = 290.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -259.2m USD (from netDebt column, last quarter)
Enterprise Value = 3.31b USD (3.57b + Debt 290.0m - CCE 549.2m)
Interest Coverage Ratio = 0.84 (Ebit TTM 209.1m / Interest Expense TTM 248.4m)
EV/FCF = 7.48x (Enterprise Value 3.31b / FCF TTM 442.9m)
FCF Yield = 13.37% (FCF TTM 442.9m / Enterprise Value 3.31b)
FCF Margin = 35.56% (FCF TTM 442.9m / Revenue TTM 1.25b)
Net Margin = 28.63% (Net Income TTM 356.6m / Revenue TTM 1.25b)
Gross Margin = 73.76% ((Revenue TTM 1.25b - Cost of Revenue TTM 326.9m) / Revenue TTM)
Gross Margin QoQ = 76.08% (prev 73.36%)
Tobins Q-Ratio = 0.17 (Enterprise Value 3.31b / Total Assets 19.09b)
Interest Expense / Debt = 20.31% (Interest Expense 58.9m / Debt 290.0m)
Taxrate = 22.30% (25.5m / 114.3m)
NOPAT = 162.5m (EBIT 209.1m * (1 - 22.30%))
Current Ratio = 5.73 (Total Current Assets 616.9m / Total Current Liabilities 107.6m)
Debt / Equity = 0.15 (Debt 290.0m / totalStockholderEquity, last quarter 1.97b)
Debt / EBITDA = -0.59 (Net Debt -259.2m / EBITDA 441.4m)
Debt / FCF = -0.59 (Net Debt -259.2m / FCF TTM 442.9m)
Total Stockholder Equity = 1.92b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.87% (Net Income 356.6m / Total Assets 19.09b)
RoE = 18.53% (Net Income TTM 356.6m / Total Stockholder Equity 1.92b)
RoCE = 9.84% (EBIT 209.1m / Capital Employed (Equity 1.92b + L.T.Debt 200.0m))
RoIC = 7.35% (NOPAT 162.5m / Invested Capital 2.21b)
WACC = 9.17% (E(3.57b)/V(3.86b) * Re(8.63%) + D(290.0m)/V(3.86b) * Rd(20.31%) * (1-Tc(0.22)))
Discount Rate = 8.63% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -93.09 | Cagr: -4.06%
[DCF] Terminal Value 75.21% ; FCFF base≈420.4m ; Y1≈445.0m ; Y5≈528.9m
[DCF] Fair Price = 50.66 (EV 7.58b - Net Debt -259.2m = Equity 7.84b / Shares 154.7m; r=9.17% [WACC]; 5y FCF grow 6.43% → 3.0% )
EPS Correlation: 88.42 | EPS CAGR: 11.42% | SUE: 2.21 | # QB: 1
Revenue Correlation: 89.73 | Revenue CAGR: 7.99% | SUE: 0.72 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.54 | Chg30d=+2.08% | Revisions=+56% | Analysts=6
EPS next Quarter (2026-09-30): EPS=0.56 | Chg30d=+0.94% | Revisions=+43% | Analysts=6
EPS current Year (2026-12-31): EPS=2.24 | Chg30d=+3.58% | Revisions=+60% | GrowthEPS=+10.8% | GrowthRev=+6.9%
EPS next Year (2027-12-31): EPS=2.39 | Chg30d=+1.55% | Revisions=+50% | GrowthEPS=+6.8% | GrowthRev=+4.0%
[Analyst] Revisions Ratio: +60%