(FBP) First Bancorp - Ratings and Ratios
Mortgages, Consumer Loans, Commercial Loans, Deposits, Treasury
Dividends
| Dividend Yield | 3.53% |
| Yield on Cost 5y | 9.81% |
| Yield CAGR 5y | 33.75% |
| Payout Consistency | 57.1% |
| Payout Ratio | 35.0% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 29.0% |
| Value at Risk 5%th | 43.5% |
| Relative Tail Risk | -8.59% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.09 |
| Alpha | -11.78 |
| CAGR/Max DD | 0.71 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.508 |
| Beta | 0.903 |
| Beta Downside | 0.941 |
| Drawdowns 3y | |
|---|---|
| Max DD | 26.29% |
| Mean DD | 7.59% |
| Median DD | 6.22% |
Description: FBP First Bancorp November 09, 2025
First Bancorp (NYSE:FBP) is the holding company for FirstBank Puerto Rico, delivering a full suite of banking services to retail and commercial customers across six operating segments: Mortgage Banking, Consumer (Retail) Banking, Commercial & Corporate Banking, Treasury & Investments, United States Operations, and Virgin Islands Operations. The Mortgage Banking unit originates, sells, and services residential mortgages while also managing hedging and loan-purchase activities. The Consumer Banking arm offers auto financing, personal loans, credit cards, and deposit products, whereas Commercial & Corporate Banking focuses on real-estate, construction, and cash-management solutions for businesses. Treasury & Investments runs a fund-management business, and the U.S. and Virgin Islands segments provide a mix of deposit-taking, loan, and digital banking services, complemented by insurance agency offerings.
Key performance indicators from the most recent quarterly filing (Q2 2024) show a net interest margin of roughly 3.2%-slightly above the regional-bank average of 2.9%-and a loan-to-deposit ratio of 78%, indicating a conservative balance-sheet stance. Loan growth in Puerto Rico has been modest (~2% YoY), reflecting the island’s slower GDP recovery post-hurricane season, while U.S. mainland operations have posted double-digit loan growth driven by higher Fed rates that boost net interest income but also pressure credit quality. A sector-wide driver to watch is the Federal Reserve’s policy trajectory; a further rate hike could enhance FBP’s interest-earning assets but may also increase delinquency risk in its consumer portfolio.
If you want a deeper, data-driven view of First Bancorp’s valuation dynamics, a quick look at ValueRay’s analyst-grade models can help surface the most material assumptions and scenario outcomes.
Piotroski VR‑10 (Strict, 0-10) 5.0
| Net Income (333.5m TTM) > 0 and > 6% of Revenue (6% = 72.4m TTM) |
| FCFTA 0.02 (>2.0%) and ΔFCFTA 0.23pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -976.5% (prev -928.1%; Δ -48.45pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.02 (>3.0%) and CFO 438.1m > Net Income 333.5m (YES >=105%, WARN >=100%) |
| Net Debt (-608.6m) to EBITDA (427.7m) ratio: -1.42 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.30 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (159.6m) change vs 12m ago -3.61% (target <= -2.0% for YES) |
| Gross Margin 71.30% (prev 70.65%; Δ 0.65pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 6.32% (prev 6.23%; Δ 0.09pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 1.55 (EBITDA TTM 427.7m / Interest Expense TTM 262.3m) >= 6 (WARN >= 3) |
Altman Z'' -3.41
| (A) -0.61 = (Total Current Assets 5.07b - Total Current Liabilities 16.86b) / Total Assets 19.32b |
| (B) 0.10 = Retained Earnings (Balance) 1.98b / Total Assets 19.32b |
| (C) 0.02 = EBIT TTM 405.4m / Avg Total Assets 19.09b |
| (D) 0.11 = Book Value of Equity 1.84b / Total Liabilities 17.40b |
| Total Rating: -3.41 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 79.20
| 1. Piotroski 5.0pt |
| 2. FCF Yield -28.28% |
| 3. FCF Margin 35.58% |
| 4. Debt/Equity 0.15 |
| 5. Debt/Ebitda -1.42 |
| 6. ROIC - WACC (= 7.29)% |
| 7. RoE 18.49% |
| 8. Rev. Trend 91.21% |
| 9. EPS Trend 84.46% |
What is the price of FBP shares?
Over the past week, the price has changed by +3.09%, over one month by +4.39%, over three months by -7.90% and over the past year by +2.70%.
Is FBP a buy, sell or hold?
- Strong Buy: 3
- Buy: 2
- Hold: 1
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the FBP price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 24.2 | 18.6% |
| Analysts Target Price | 24.2 | 18.6% |
| ValueRay Target Price | 22.9 | 12.4% |
FBP Fundamental Data Overview December 03, 2025
P/E Trailing = 9.722
P/S = 3.5425
P/B = 1.6279
P/EG = 0.86
Beta = 0.907
Revenue TTM = 1.21b USD
EBIT TTM = 405.4m USD
EBITDA TTM = 427.7m USD
Long Term Debt = 290.0m USD (from longTermDebt, last quarter)
Short Term Debt = 120.0m USD (from shortTermDebt, two quarters ago)
Debt = 290.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -608.6m USD (from netDebt column, last quarter)
Enterprise Value = -1.52b USD (3.20b + Debt 290.0m - CCE 5.01b)
Interest Coverage Ratio = 1.55 (Ebit TTM 405.4m / Interest Expense TTM 262.3m)
FCF Yield = -28.28% (FCF TTM 429.5m / Enterprise Value -1.52b)
FCF Margin = 35.58% (FCF TTM 429.5m / Revenue TTM 1.21b)
Net Margin = 27.62% (Net Income TTM 333.5m / Revenue TTM 1.21b)
Gross Margin = 71.30% ((Revenue TTM 1.21b - Cost of Revenue TTM 346.5m) / Revenue TTM)
Gross Margin QoQ = 72.96% (prev 72.52%)
Tobins Q-Ratio = -0.08 (set to none) (Enterprise Value -1.52b / Total Assets 19.32b)
Interest Expense / Debt = 22.35% (Interest Expense 64.8m / Debt 290.0m)
Taxrate = 5.36% (5.70m / 106.2m)
NOPAT = 383.7m (EBIT 405.4m * (1 - 5.36%))
Current Ratio = 0.30 (Total Current Assets 5.07b / Total Current Liabilities 16.86b)
Debt / Equity = 0.15 (Debt 290.0m / totalStockholderEquity, last quarter 1.92b)
Debt / EBITDA = -1.42 (Net Debt -608.6m / EBITDA 427.7m)
Debt / FCF = -1.42 (Net Debt -608.6m / FCF TTM 429.5m)
Total Stockholder Equity = 1.80b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.73% (Net Income 333.5m / Total Assets 19.32b)
RoE = 18.49% (Net Income TTM 333.5m / Total Stockholder Equity 1.80b)
RoCE = 19.37% (EBIT 405.4m / Capital Employed (Equity 1.80b + L.T.Debt 290.0m))
RoIC = 17.61% (NOPAT 383.7m / Invested Capital 2.18b)
WACC = 10.32% (E(3.20b)/V(3.49b) * Re(9.34%) + D(290.0m)/V(3.49b) * Rd(22.35%) * (1-Tc(0.05)))
Discount Rate = 9.34% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -3.50%
[DCF Debug] Terminal Value 74.56% ; FCFE base≈407.9m ; Y1≈430.0m ; Y5≈506.8m
Fair Price DCF = 44.74 (DCF Value 7.07b / Shares Outstanding 157.9m; 5y FCF grow 5.89% → 3.0% )
EPS Correlation: 84.46 | EPS CAGR: 16.09% | SUE: 4.0 | # QB: 11
Revenue Correlation: 91.21 | Revenue CAGR: 9.17% | SUE: 0.55 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.49 | Chg30d=-0.016 | Revisions Net=-2 | Analysts=5
EPS next Year (2026-12-31): EPS=2.10 | Chg30d=-0.058 | Revisions Net=-6 | Growth EPS=+5.1% | Growth Revenue=+4.0%
Additional Sources for FBP Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle