(FBP) First Bancorp - Overview
Stock: Mortgages, Retail Deposits, Commercial Loans, Credit Cards, Insurance
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 3.55% |
| Yield on Cost 5y | 11.00% |
| Yield CAGR 5y | 23.45% |
| Payout Consistency | 59.6% |
| Payout Ratio | 34.4% |
| Risk 5d forecast | |
|---|---|
| Volatility | 28.9% |
| Relative Tail Risk | -10.2% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.46 |
| Alpha | 1.56 |
| Character TTM | |
|---|---|
| Beta | 0.866 |
| Beta Downside | 0.944 |
| Drawdowns 3y | |
|---|---|
| Max DD | 26.29% |
| CAGR/Max DD | 0.85 |
Description: FBP First Bancorp January 12, 2026
First Bancorp (NYSE:FBP) is the holding company for FirstBank Puerto Rico, delivering a full suite of banking products to both consumer and commercial clients 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. Consumer Banking offers auto loans, personal loans, credit cards, and deposit accounts, whereas Commercial & Corporate Banking focuses on commercial real-estate, construction financing, and cash-management services. Treasury & Investments runs the fund-management business, and the U.S. and Virgin Islands segments extend checking, savings, CD, and loan products to those markets, complemented by ancillary insurance agency services.
As of the most recent quarter, First Bancorp reported total assets of roughly **$13 billion**, a **net interest margin (NIM) of 3.2%**, and a **loan-to-deposit ratio near 78%**, indicating a balanced funding structure. The bank’s **non-performing loan (NPL) ratio** stood at **1.1%**, well below the regional-bank average of ~2.0%, suggesting relatively low credit stress. Deposit growth in the U.S. operations has accelerated at **≈5% YoY**, driven by higher consumer savings rates following the recent Fed rate hikes.
Key economic drivers for First Bancorp include the **U.S. interest-rate environment**, which directly influences NIM and mortgage-originations, and the **post-hurricane recovery trajectory in Puerto Rico**, where infrastructure rebuilding fuels demand for commercial-real-estate and construction loans. Additionally, **regional migration trends**-both inbound from the mainland U.S. and outbound from Puerto Rico-affect retail-deposit volumes and loan demand across its island and U.S. segments.
For a deeper quantitative breakdown, you might explore the ValueRay platform.
Piotroski VR‑10 (Strict, 0-10) 4.0
| Net Income: 344.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 0.30 > 1.0 |
| NWC/Revenue: -389.4% < 20% (prev -928.5%; Δ 539.1% < -1%) |
| CFO/TA 0.02 > 3% & CFO 438.1m > Net Income 344.9m |
| Net Debt (290.0m) to EBITDA (433.2m): 0.67 < 3 |
| Current Ratio: 0.13 > 1.5 & < 3 |
| Outstanding Shares: last quarter (158.4m) vs 12m ago -4.34% < -2% |
| Gross Margin: 72.48% > 18% (prev 0.71%; Δ 7177 % > 0.5%) |
| Asset Turnover: 6.43% > 50% (prev 6.18%; Δ 0.25% > 0%) |
| Interest Coverage Ratio: 1.22 > 6 (EBITDA TTM 433.2m / Interest Expense TTM 254.2m) |
Altman Z'' -1.04
| A: -0.25 (Total Current Assets 737.5m - Total Current Liabilities 5.55b) / Total Assets 19.13b |
| B: 0.12 (Retained Earnings 2.27b / Total Assets 19.13b) |
| C: 0.02 (EBIT TTM 309.4m / Avg Total Assets 19.21b) |
| D: 0.11 (Book Value of Equity 1.94b / Total Liabilities 17.17b) |
| Altman-Z'' Score: -1.04 = CCC |
What is the price of FBP shares?
Over the past week, the price has changed by +4.97%, over one month by +9.27%, over three months by +19.00% and over the past year by +14.07%.
Is FBP a buy, sell or hold?
- StrongBuy: 3
- Buy: 2
- Hold: 1
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the FBP price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 24.6 | 6.1% |
| Analysts Target Price | 24.6 | 6.1% |
| ValueRay Target Price | 28.5 | 22.7% |
FBP Fundamental Data Overview February 07, 2026
P/S = 3.9516
P/B = 1.8732
P/EG = 0.86
Revenue TTM = 1.24b USD
EBIT TTM = 309.4m USD
EBITDA TTM = 433.2m USD
Long Term Debt = 290.0m USD (from longTermDebt, two quarters ago)
Short Term Debt = unknown (none)
Debt = 290.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 290.0m USD (from netDebt column, last quarter)
Enterprise Value = 3.91b USD (3.62b + Debt 290.0m - (null CCE))
Interest Coverage Ratio = 1.22 (Ebit TTM 309.4m / Interest Expense TTM 254.2m)
EV/FCF = 9.09x (Enterprise Value 3.91b / FCF TTM 429.5m)
FCF Yield = 11.00% (FCF TTM 429.5m / Enterprise Value 3.91b)
FCF Margin = 34.76% (FCF TTM 429.5m / Revenue TTM 1.24b)
Net Margin = 27.91% (Net Income TTM 344.9m / Revenue TTM 1.24b)
Gross Margin = 72.48% ((Revenue TTM 1.24b - Cost of Revenue TTM 340.1m) / Revenue TTM)
Gross Margin QoQ = 73.36% (prev 72.96%)
Tobins Q-Ratio = 0.20 (Enterprise Value 3.91b / Total Assets 19.13b)
Interest Expense / Debt = 21.51% (Interest Expense 62.4m / Debt 290.0m)
Taxrate = 18.85% (20.2m / 107.3m)
NOPAT = 251.1m (EBIT 309.4m * (1 - 18.85%))
Current Ratio = 0.13 (Total Current Assets 737.5m / Total Current Liabilities 5.55b)
Debt / Equity = 0.15 (Debt 290.0m / totalStockholderEquity, last quarter 1.97b)
Debt / EBITDA = 0.67 (Net Debt 290.0m / EBITDA 433.2m)
Debt / FCF = 0.68 (Net Debt 290.0m / FCF TTM 429.5m)
Total Stockholder Equity = 1.88b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.79% (Net Income 344.9m / Total Assets 19.13b)
RoE = 18.37% (Net Income TTM 344.9m / Total Stockholder Equity 1.88b)
RoCE = 14.28% (EBIT 309.4m / Capital Employed (Equity 1.88b + L.T.Debt 290.0m))
RoIC = 11.62% (NOPAT 251.1m / Invested Capital 2.16b)
WACC = 9.73% (E(3.62b)/V(3.91b) * Re(9.11%) + D(290.0m)/V(3.91b) * Rd(21.51%) * (1-Tc(0.19)))
Discount Rate = 9.11% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -3.86%
[DCF Debug] Terminal Value 72.93% ; FCFF base≈407.9m ; Y1≈429.9m ; Y5≈505.6m
Fair Price DCF = 40.07 (EV 6.57b - Net Debt 290.0m = Equity 6.28b / Shares 156.6m; r=9.73% [WACC]; 5y FCF grow 5.89% → 2.90% )
EPS Correlation: 84.52 | EPS CAGR: 8.15% | SUE: 0.97 | # QB: 12
Revenue Correlation: 90.46 | Revenue CAGR: 10.02% | SUE: 2.65 | # QB: 1
EPS next Quarter (2026-03-31): EPS=0.51 | Chg30d=+0.018 | Revisions Net=+2 | Analysts=7
EPS current Year (2026-12-31): EPS=2.16 | Chg30d=+0.057 | Revisions Net=+4 | Growth EPS=+6.8% | Growth Revenue=+6.4%
EPS next Year (2027-12-31): EPS=2.36 | Chg30d=+0.059 | Revisions Net=+2 | Growth EPS=+9.1% | Growth Revenue=+4.5%