First BanCorp. (FBP) Expected to Announce Earnings on Wednesday

Key Points

• First BanCorp. will report Q1 2026 results before the market opens on April 22, with analysts expecting $0.529 EPS and $263.54M revenue; the earnings call is scheduled for 10:00 AM ET.
• The bank beat estimates last quarter (reported $0.55 EPS vs. $0.52 expected) and analysts forecast about $2.00 EPS for both the current and next fiscal year, while the stock trades at a P/E of 10.58 and a market cap of $3.54B.
• First BanCorp. raised its quarterly dividend to $0.20 (annualized $0.80, ~3.5% yield) and holds a consensus analyst rating of "Moderate Buy" with an average price target of $24.75 after multiple recent upgrades.

First BanCorp. (NYSE:FBP - Get Free Report) is anticipated to post its Q1 2026 results before the market opens on Wednesday, April 22nd. Analysts expect First BanCorp. to post earnings of $0.5290 per share and revenue of $263.5390 million for the quarter. Individuals may review the information on the company's upcoming Q1 2026 earning report for the latest details on the call scheduled for Wednesday, April 22, 2026 at 10:00 AM ET.

First BanCorp. (NYSE:FBP - Get Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The bank reported $0.55 EPS for the quarter, beating the consensus estimate of $0.52 by $0.03. The firm had revenue of $257.17 million for the quarter, compared to analyst estimates of $256.18 million. First BanCorp. had a return on equity of 17.33% and a net margin of 27.48%.During the same quarter last year, the firm posted $0.46 earnings per share. On average, analysts expect First BanCorp. to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First BanCorp. Stock Performance

Shares of First BanCorp. stock opened at $22.75 on Wednesday. The firm has a market cap of $3.54 billion, a P/E ratio of 10.58, a P/E/G ratio of 1.85 and a beta of 0.83. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.15. First BanCorp. has a 12 month low of $17.76 and a 12 month high of $23.43. The stock's fifty day moving average price is $21.71 and its 200-day moving average price is $21.16.

First BanCorp. Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Thursday, February 26th were paid a dividend of $0.20 per share. This is an increase from First BanCorp.'s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Thursday, February 26th. First BanCorp.'s payout ratio is 37.21%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Hovde Group raised their price target on First BanCorp. from $25.00 to $26.00 and gave the company an "outperform" rating in a research note on Wednesday, January 28th. Truist Financial raised their price target on First BanCorp. from $24.00 to $25.00 and gave the company a "buy" rating in a research note on Thursday, January 29th. Wells Fargo & Company lifted their target price on First BanCorp. from $23.00 to $24.00 and gave the company an "overweight" rating in a research note on Monday, March 30th. Keefe, Bruyette & Woods lifted their target price on First BanCorp. from $24.00 to $24.50 and gave the company a "market perform" rating in a research note on Wednesday, January 28th. Finally, Piper Sandler reiterated a "neutral" rating and issued a $24.00 target price (up from $23.00) on shares of First BanCorp. in a research note on Friday, January 30th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $24.75.

Insider Activity

In other First BanCorp. news, EVP Michael Mcdonald sold 34,122 shares of First BanCorp. stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $22.11, for a total value of $754,437.42. Following the transaction, the executive vice president owned 62,937 shares in the company, valued at $1,391,537.07. The trade was a 35.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Roberto R. Herencia sold 4,723 shares of First BanCorp. stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $22.63, for a total value of $106,881.49. Following the completion of the transaction, the director owned 637,019 shares in the company, valued at $14,415,739.97. This trade represents a 0.74% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.90% of the stock is owned by insiders.

Hedge Funds Weigh In On First BanCorp.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FBP. Boston Partners boosted its holdings in First BanCorp. by 767.8% in the third quarter. Boston Partners now owns 1,262,241 shares of the bank's stock worth $27,832,000 after acquiring an additional 1,116,791 shares in the last quarter. Qube Research & Technologies Ltd boosted its holdings in First BanCorp. by 82.9% in the second quarter. Qube Research & Technologies Ltd now owns 1,434,382 shares of the bank's stock worth $29,878,000 after acquiring an additional 649,987 shares in the last quarter. Verition Fund Management LLC boosted its holdings in First BanCorp. by 31.6% in the third quarter. Verition Fund Management LLC now owns 2,284,146 shares of the bank's stock worth $50,365,000 after acquiring an additional 548,164 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in First BanCorp. in the fourth quarter worth about $9,533,000. Finally, Bridgewater Associates LP boosted its holdings in First BanCorp. by 185.7% in the fourth quarter. Bridgewater Associates LP now owns 638,506 shares of the bank's stock worth $13,236,000 after acquiring an additional 415,047 shares in the last quarter. Hedge funds and other institutional investors own 97.91% of the company's stock.

About First BanCorp.

First BanCorp NYSE: FBP is a financial holding company headquartered in San Juan, Puerto Rico. Through its principal banking subsidiary, FirstBank Puerto Rico, the company offers a comprehensive range of banking services including commercial and consumer lending, deposit products, cash management solutions and treasury services. It also provides mortgage origination and servicing, equipment leasing, investment management, and insurance agency services.

In its commercial banking segment, First BanCorp serves small and midsize enterprises as well as large corporate clients, delivering tailored credit facilities, letters of credit, and foreign trade financing.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.