FBP Stock Analysis: First BanCorp. | NYSE
Banks - Regional | NYSE, USA | Market Cap: 4.417m USD | 12M Return: 45.5% | PR3186727065 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 42.0M
EPS Trend: 95.5%
Qual. Beats: 13
Rev. Trend: 97.3%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
First BanCorp. (NYSE: FBP) is a bank holding company headquartered in San Juan, Puerto Rico, founded in 1948 and operating primarily through its subsidiary FirstBank Puerto Rico. The company serves both consumer and commercial customers across six business segments: Mortgage Banking, Consumer (Retail) Banking, Commercial and Corporate Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations. Its product offerings span residential mortgages, consumer and commercial lending, deposit accounts, cash management services, insurance agency services, and automobile financing.
As a regional bank, First BanCorp. is geographically concentrated in Puerto Rico and the U.S. Virgin Islands, with a secondary presence in mainland U.S. markets-a footprint that distinguishes it from most U.S. regional banks. The company funds its operations through a mix of retail and brokered deposits, Federal Home Loan Bank (FHLB) advances, and repurchase agreements involving investment securities, which is a common funding model for community and regional banking institutions. FBP is classified within the Financials sector and the Regional Banks sub-industry, and it has been publicly traded on the NYSE since its 1992 IPO.
- Puerto Rico economic recovery boosts loan demand and credit quality
- Net interest margin compresses as Fed cuts rates
- Mortgage banking revenue benefits from rate volatility
| Net Income: 372.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 0.26 > 1.0 |
| NWC/Revenue: 41.23% < 20% (prev -1.21k%; Δ 1.25k% < -1%) |
| CFO/TA 0.02 > 3% & CFO 457.6m > Net Income 372.6m |
| Net Debt (-359.6m) to EBITDA (468.8m): -0.77 < 3 |
| Current Ratio: 5.86 > 1.5 & < 3 |
| Outstanding Shares: last quarter (154.2m) vs 12m ago -4.55% < -2% |
| Gross Margin: 74.77% > 18% (prev 70.75%; Δ 4.02% > 0.5%) |
| Asset Turnover: 6.65% > 50% (prev 6.37%; Δ 0.28% > 0%) |
| Interest Coverage Ratio: 1.83 > 6 (EBIT TTM 448.0m / Interest Expense TTM 244.7m) |
| A: 0.03 (Total Current Assets 630.3m - Total Current Liabilities 107.6m) / Total Assets 19.2b |
| B: 0.12 (Retained Earnings 2.39b / Total Assets 19.2b) |
| C: 0.02 (EBIT TTM 448.0m / Avg Total Assets 19.1b) |
| D: 0.11 (Book Value of Equity 1.98b / Total Liabilities 17.3b) |
| Altman-Z'' = 0.86 = B |
| DSRI: 0.94 (Receivables 70.7m/71.5m, Revenue 1.27b/1.20b) |
| GMI: 0.95 (GM 70.75% / 74.77%) |
| AQI: 1.09 (AQ_t 0.96 / AQ_t-1 0.89) |
| SGI: 1.05 (Revenue 1.27b / 1.20b) |
| TATA: -0.00 (NI 372.6m - CFO 457.6m) / TA 19.2b) |
| Beneish M = -3.04 (Cap -4..+1) = AA |
As of August 09, 2026, the stock is trading at USD 28.67 with a total of 706,844 shares traded. Over the past week, the price has changed by -0.90%, over one month by +8.93%, over three months by +20.50% and over the past year by +45.52%.
Current recommended Stop Loss: 28.00 (which is 2.3% or 1.3 ATR below the current price).
First BanCorp. has received a consensus analysts rating of 4.33. Therefore, it is recommended to buy FBP.
- StrongBuy: 4
- Buy: 0
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 31 | 8.1% |
P/E Trailing = 12.1555
P/E Forward = 20.7469
P/S = 4.6288
P/B = 2.2235
P/EG = 4.1492
Revenue TTM = 1.27b USD
EBIT TTM = 448.0m USD
EBITDA TTM = 468.8m USD
Long Term Debt = 200.0m USD (from longTermDebt, last fiscal year)
Short Term Debt = 107.6m USD (from shortTermDebt, last fiscal year)
Debt = 200.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -359.6m USD (calculated: Debt 200.0m - CCE 559.6m)
Enterprise Value = 4.06b USD (4.42b + Debt 200.0m - CCE 559.6m)
Interest Coverage Ratio = 1.83 (Ebit TTM 448.0m / Interest Expense TTM 244.7m)
EV/FCF = 9.16x (Enterprise Value 4.06b / FCF TTM 442.9m)
FCF Yield = 10.92% (FCF TTM 442.9m / Enterprise Value 4.06b)
FCF Margin = 34.94% (FCF TTM 442.9m / Revenue TTM 1.27b)
Net Margin = 29.39% (Net Income TTM 372.6m / Revenue TTM 1.27b)
Gross Margin = 74.77% ((Revenue TTM 1.27b - Cost of Revenue TTM 319.8m) / Revenue TTM)
Gross Margin QoQ = 76.59% (prev 76.08%)
Tobins Q-Ratio = 0.21 (Enterprise Value 4.06b / Total Assets 19.2b)
Interest Expense / Debt = 122.3% (Interest Expense 244.7m / Debt 200.0m)
Taxrate = 16.84% (75.5m / 448.0m)
NOPAT = 372.6m (EBIT 448.0m * (1 - 16.84%))
Current Ratio = 5.86 (Total Current Assets 630.3m / Total Current Liabilities 107.6m)
Debt / Equity = 0.10 (Debt 200.0m / totalStockholderEquity, last quarter 1.98b)
Debt / EBITDA = -0.77 (Net Debt -359.6m / EBITDA 468.8m)
Debt / FCF = -0.81 (Net Debt -359.6m / FCF TTM 442.9m)
Total Stockholder Equity = 1.96b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.95% (Net Income 372.6m / Total Assets 19.2b)
RoE = 19.03% (Net Income TTM 372.6m / Total Stockholder Equity 1.96b)
RoCE = 20.77% (EBIT 448.0m / Capital Employed (Equity 1.96b + L.T.Debt 200.0m))
RoIC = 1.94% (NOPAT 372.6m / Invested Capital 19.2b)
WACC = 7.70% (E(4.42b)/V(4.62b) * Re(8.05%) + (debt cost/tax rate unavailable))
Discount Rate = 8.05% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -95.15 | Cagr: -3.79%
[DCF] Terminal Value 77.89% ; FCFF base≈420.4m ; Y1≈479.9m ; Y5≈698.8m
[DCF] Fair Price = 71.30 (EV 10.5b - Net Debt -359.6m = Equity 10.9b / Shares 152.7m; r=8.35% [WACC [floored]]; 5y FCF grow 14.51% → 2.50% )
EPS Correlation: 95.46 | EPS CAGR: 13.04% | SUE: 2.35 | # QB: 13
Revenue Correlation: 97.32 | Revenue CAGR: 4.74% | SUE: 0.69 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.59 | Chg30d=+5.96% | Revisions=+50% | Analysts=6
EPS current Year (2026-12-31): EPS=2.40 | Chg30d=+6.90% | Revisions=+67% | GrowthEPS=+18.4% | GrowthRev=+9.4%
EPS next Year (2027-12-31): EPS=2.52 | Chg30d=+5.23% | Revisions=+57% | GrowthEPS=+5.1% | GrowthRev=+3.6%
[Analyst] Revisions Ratio: +81% (up=13, down=0)