(FBP) First Bancorp - Overview
Sector: Financial Services | Industry: Banks - Regional | Exchange: NYSE (USA) | Market Cap: 3.660m USD | Total Return: 24% in 12m
Avg Turnover: 24.3M
EPS Trend: 95.0%
Qual. Beats: 13
Rev. Trend: 94.6%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Confidence
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.
- 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
| 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 (450.0m): -0.58 < 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: 1.73 > 6 (EBITDA TTM 450.0m / Interest Expense TTM 248.4m) |
| A: 0.03 (Total Current Assets 616.9m - Total Current Liabilities 107.6m) / Total Assets 19.1b |
| B: 0.12 (Retained Earnings 2.33b / Total Assets 19.1b) |
| C: 0.02 (EBIT TTM 430.7m / Avg Total Assets 19.1b) |
| D: 0.12 (Book Value of Equity 1.99b / Total Liabilities 17.1b) |
| Altman-Z'' = 0.85 = B |
| 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 19.1b) |
| Beneish M = -2.96 (Cap -4..+1) = A |
As of May 23, 2026, the stock is trading at USD 24.16 with a total of 635,487 shares traded.
Over the past week, the price has changed by +3.57%,
over one month by +1.86%,
over three months by +11.55% and
over the past year by +23.98%.
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
| Analysts Target Price | 26 | 7.6% |
P/E Forward = 20.7469
P/S = 3.9231
P/B = 1.8305
P/EG = 4.1492
Revenue TTM = 1.25b USD
EBIT TTM = 430.7m USD
EBITDA TTM = 450.0m USD
Long Term Debt = 200.0m USD (from longTermDebt, last quarter)
Short Term Debt = 90.0m USD (from shortLongTermDebt, last quarter)
Debt = 290.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -259.2m USD (calculated: Debt 290.0m - CCE 549.2m)
Enterprise Value = 3.40b USD (3.66b + Debt 290.0m - CCE 549.2m)
Interest Coverage Ratio = 1.73 (Ebit TTM 430.7m / Interest Expense TTM 248.4m)
EV/FCF = 7.68x (Enterprise Value 3.40b / FCF TTM 442.9m)
FCF Yield = 13.02% (FCF TTM 442.9m / Enterprise Value 3.40b)
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 = 0.18 (Enterprise Value 3.40b / Total Assets 19.1b)
Interest Expense / Debt = 85.67% (Interest Expense 248.4m / Debt 290.0m)
Taxrate = 22.30% (25.5m / 114.3m)
NOPAT = 334.6m (EBIT 430.7m * (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 = -0.58 (Net Debt -259.2m / EBITDA 450.0m)
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 19.1b)
RoE = 18.53% (Net Income TTM 356.6m / Total Stockholder Equity 1.92b)
RoCE = 20.27% (EBIT 430.7m / Capital Employed (Equity 1.92b + L.T.Debt 200.0m))
RoIC = 1.75% (NOPAT 334.6m / Invested Capital 19.1b)
WACC = 7.97% (E(3.66b)/V(3.95b) * Re(8.60%) + (debt cost/tax rate unavailable))
Discount Rate = 8.60% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -93.09 | Cagr: -4.06%
[DCF] Terminal Value 77.89% ; FCFF base≈420.4m ; Y1≈479.9m ; Y5≈698.8m
[DCF] Fair Price = 69.73 (EV 10.5b - Net Debt -259.2m = Equity 10.8b / Shares 154.7m; r=8.35% [WACC [floored]]; 5y FCF grow 14.51% → 2.50% )
EPS Correlation: 95.00 | EPS CAGR: 11.81% | SUE: 2.21 | # QB: 13
Revenue Correlation: 94.57 | Revenue CAGR: 5.58% | 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%