(FBP) First Bancorp - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: PR3186727065

Mortgages, Retail Deposits, Commercial Loans, Credit Cards, Insurance

Stock: Regional Banks
Age 33.9y

MCap 3,412m
Avg Vol 894K (18.9M USD)

Beta 0.857
Volatility 28.35%

EPS (Earnings per Share)

EPS CAGR: 16.09%
EPS Trend: 84.5%

Last SUE: 4.00
Qual. Beats: 11

Revenue

Rev. CAGR: 9.17%
Rev. Trend: 91.2%

Last SUE: 0.55
Qual. Beats: 0

Dividends

Dividend Yield	3.55%
Yield on Cost 5y	8.45%
Yield CAGR 5y	23.45%
Payout Consistency	59.6%
Payout Ratio	35.0%

Risk via 5d forecast
Volatility	28.4%
Value at Risk 5%th	42.3%
Relative Tail Risk	-9.33%

Reward TTM
Sharpe Ratio	0.36
Alpha	-2.04
CAGR/Max DD	0.81

Character TTM
Hurst Exponent	0.528
Beta	0.857
Beta Downside	0.920

Drawdowns 3y
Max DD	26.29%
Mean DD	7.46%
Median DD	5.88%

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) 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

(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) 79.59

1. Piotroski 5.0pt

2. FCF Yield -32.91%

3. FCF Margin 35.58%

4. Debt/Equity 0.15

5. Debt/Ebitda -1.42

6. ROIC - WACC (= 7.59)%

7. RoE 18.49%

8. Rev. Trend 91.21%

9. EPS Trend 84.46%

What is the price of FBP shares?

As of January 21, 2026, the stock is trading at USD 21.02 with a total of 914,229 shares traded.
Over the past week, the price has changed by +0.53%, over one month by -2.23%, over three months by +0.29% and over the past year by +10.61%.

Is FBP a buy, sell or hold?

First Bancorp has received a consensus analysts rating of 4.33. Therefore, it is recommended to buy FBP.

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	14.2%
Analysts Target Price	24	14.2%
ValueRay Target Price	25.4	20.6%

FBP Fundamental Data Overview January 21, 2026

P/E Trailing = 10.3707
P/S = 3.7789
P/B = 1.7506
P/EG = 0.86
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 = -1.31b USD (3.41b + Debt 290.0m - CCE 5.01b)
Interest Coverage Ratio = 1.55 (Ebit TTM 405.4m / Interest Expense TTM 262.3m)
EV/FCF = -3.04x (Enterprise Value -1.31b / FCF TTM 429.5m)
FCF Yield = -32.91% (FCF TTM 429.5m / Enterprise Value -1.31b)
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 = -0.07 (set to none) (Enterprise Value -1.31b / 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 = 1.75% (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 = 10.02% (E(3.41b)/V(3.70b) * Re(9.07%) + D(290.0m)/V(3.70b) * Rd(22.35%) * (1-Tc(0.05)))
Discount Rate = 9.07% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -3.50%
[DCF Debug] Terminal Value 71.99% ; FCFF base≈407.9m ; Y1≈429.9m ; Y5≈505.6m
Fair Price DCF = 43.74 (EV 6.30b - Net Debt -608.6m = Equity 6.91b / Shares 157.9m; r=10.02% [WACC]; 5y FCF grow 5.89% → 2.90% )
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=0.50 | Chg30d=+0.003 | Revisions Net=-2 | Analysts=6
EPS next Year (2026-12-31): EPS=2.11 | Chg30d=+0.007 | Revisions Net=-6 | Growth EPS=+5.4% | Growth Revenue=+4.1%

Additional Sources for FBP Stock

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