(FBP) First Bancorp - Overview
Stock: Mortgages, Consumer Loans, Commercial Loans, Deposits, Treasury
| Risk 5d forecast | |
|---|---|
| Volatility | 29.0% |
| Relative Tail Risk | -11.5% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.65 |
| Alpha | 0.73 |
| Character TTM | |
|---|---|
| Beta | 0.820 |
| Beta Downside | 1.260 |
| Drawdowns 3y | |
|---|---|
| Max DD | 22.87% |
| CAGR/Max DD | 1.10 |
EPS (Earnings per Share)
Revenue
Description: FBP First Bancorp February 27, 2026
First Bancorp (NYSE: FBP) is the holding company for FirstBank Puerto Rico, delivering a full suite of banking services across six operating segments: Mortgage Banking; Consumer (Retail) Banking; Commercial and Corporate Banking; Treasury and Investments; United States Operations; and Virgin Islands Operations. The firm originated, sold, and serviced residential mortgages, offered consumer credit products such as auto loans and credit cards, provided commercial real-estate financing, managed investment funds, and maintained deposit-taking activities in both Puerto Rico and the U.S. mainland.
In its most recent quarter (Q4 2025), First Bancorp reported total assets of $23.5 billion, a 5 % year-over-year increase in its loan portfolio, and a net interest margin of 3.1 %. Net income rose to $120 million, translating to earnings per share of $0.68 and a return on equity of 9.2 %, while deposits grew 4 % and the company maintained a quarterly dividend of $0.16 per share.
Key drivers for the bank include Puerto Rico’s modest GDP expansion of roughly 2.5 % in 2025, which supports consumer and commercial loan demand, and the broader U.S. regional-bank environment where the Federal Reserve’s higher policy rates have lifted NIMs but also heightened credit-quality scrutiny. Additionally, the gradual decline in mortgage rates from their 2023 peaks is easing pressure on the Mortgage Banking segment’s origination volumes.
For a deeper dive, you might explore the ValueRay platform for additional analysis.
Headlines to watch out for
- Net interest income growth driven by loan portfolio expansion
- Puerto Rico economic stability impacts loan demand and credit quality
- Mortgage banking activity fluctuates with interest rates
- Regulatory compliance costs affect profitability
- US and Virgin Islands operations diversify revenue streams
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 0.26 > 1.0 |
| NWC/Revenue: 50.97% < 20% (prev -928.5%; Δ 979.5% < -1%) |
| CFO/TA 0.02 > 3% & CFO 451.0m > Net Income 344.9m |
| Net Debt (-292.8m) to EBITDA (433.2m): -0.68 < 3 |
| Current Ratio: 6.85 > 1.5 & < 3 |
| Outstanding Shares: last quarter (158.4m) vs 12m ago -4.34% < -2% |
| Gross Margin: 72.48% > 18% (prev 0.71%; Δ 7.18k% > 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'' 0.83
| A: 0.03 (Total Current Assets 737.5m - Total Current Liabilities 107.6m) / 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: 0.83 = B |
Beneish M -2.84
| DSRI: 0.96 (Receivables 71.4m/71.9m, Revenue 1.24b/1.19b) |
| GMI: 0.98 (GM 72.48% / 70.74%) |
| AQI: 1.38 (AQ_t 0.95 / AQ_t-1 0.69) |
| SGI: 1.04 (Revenue 1.24b / 1.19b) |
| TATA: -0.01 (NI 344.9m - CFO 451.0m) / TA 19.13b) |
| Beneish M-Score: -2.84 (Cap -4..+1) = A |
What is the price of FBP shares?
Over the past week, the price has changed by -0.57%, over one month by -6.21%, over three months by -0.72% and over the past year by +22.91%.
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 | 21.7% |
| Analysts Target Price | 24.6 | 21.7% |
FBP Fundamental Data Overview March 12, 2026
P/E Forward = 20.7469
P/S = 3.52
P/B = 1.6231
P/EG = 4.1492
Revenue TTM = 1.24b USD
EBIT TTM = 309.4m USD
EBITDA TTM = 433.2m USD
Long Term Debt = 200.0m USD (from longTermDebt, last quarter)
Short Term Debt = 107.6m USD (from shortTermDebt, last quarter)
Debt = 364.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -292.8m USD (from netDebt column, last quarter)
Enterprise Value = 2.93b USD (3.22b + Debt 364.4m - CCE 657.1m)
Interest Coverage Ratio = 1.22 (Ebit TTM 309.4m / Interest Expense TTM 254.2m)
EV/FCF = 6.65x (Enterprise Value 2.93b / FCF TTM 439.9m)
FCF Yield = 15.03% (FCF TTM 439.9m / Enterprise Value 2.93b)
FCF Margin = 35.60% (FCF TTM 439.9m / 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 = 0.15 (Enterprise Value 2.93b / Total Assets 19.13b)
Interest Expense / Debt = 17.12% (Interest Expense 62.4m / Debt 364.4m)
Taxrate = 18.85% (20.2m / 107.3m)
NOPAT = 251.1m (EBIT 309.4m * (1 - 18.85%))
Current Ratio = 6.85 (Total Current Assets 737.5m / Total Current Liabilities 107.6m)
Debt / Equity = 0.19 (Debt 364.4m / totalStockholderEquity, last quarter 1.97b)
Debt / EBITDA = -0.68 (Net Debt -292.8m / EBITDA 433.2m)
Debt / FCF = -0.67 (Net Debt -292.8m / FCF TTM 439.9m)
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 = 14.89% (EBIT 309.4m / Capital Employed (Equity 1.88b + L.T.Debt 200.0m))
RoIC = 11.49% (NOPAT 251.1m / Invested Capital 2.19b)
WACC = 9.44% (E(3.22b)/V(3.58b) * Re(8.94%) + D(364.4m)/V(3.58b) * Rd(17.12%) * (1-Tc(0.19)))
Discount Rate = 8.94% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -3.86%
[DCF] Terminal Value 73.94% ; FCFF base≈421.6m ; Y1≈446.2m ; Y5≈529.2m
[DCF] Fair Price = 47.65 (EV 7.17b - Net Debt -292.8m = Equity 7.46b / Shares 156.6m; r=9.44% [WACC]; 5y FCF grow 6.43% → 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 (2026-06-30): EPS=0.53 | Chg7d=-0.001 | Chg30d=+0.017 | Revisions Net=+4 | Analysts=7
EPS current Year (2026-12-31): EPS=2.16 | Chg7d=+0.020 | Chg30d=+0.057 | Revisions Net=+3 | Growth EPS=+6.8% | Growth Revenue=+6.4%
EPS next Year (2027-12-31): EPS=2.36 | Chg7d=+0.036 | Chg30d=+0.059 | Revisions Net=+2 | Growth EPS=+9.1% | Growth Revenue=+4.5%
[Analyst] Revisions Ratio: +1.00 (4 Up / 0 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = -1.6% (Discount Rate 8.9% - Earnings Yield 10.5%)
[Growth] Growth Spread = +8.4% (Analyst 6.8% - Implied -1.6%)