First BanCorp. (FBP) Projected to Post Earnings on Tuesday

First BanCorp. (NYSE:FBP - Get Free Report) will likely be releasing its Q2 2025 earnings data before the market opens on Tuesday, July 22nd. Analysts expect First BanCorp. to post earnings of $0.46 per share and revenue of $250.73 million for the quarter.

First BanCorp. (NYSE:FBP - Get Free Report) last announced its earnings results on Thursday, April 24th. The bank reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.04. The company had revenue of $248.13 million during the quarter, compared to analysts' expectations of $243.08 million. First BanCorp. had a net margin of 24.46% and a return on equity of 18.22%. First BanCorp.'s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.44 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. Trading Up 1.1%

Shares of First BanCorp. stock opened at $22.28 on Tuesday. The stock has a market cap of $3.60 billion, a PE ratio of 12.11, a PEG ratio of 1.48 and a beta of 0.93. The firm has a 50-day moving average of $20.54 and a 200-day moving average of $19.63. First BanCorp. has a 52-week low of $16.40 and a 52-week high of $22.40. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.81 and a current ratio of 0.81.

First BanCorp. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 29th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date was Thursday, May 29th. First BanCorp.'s dividend payout ratio (DPR) is presently 39.13%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp increased its position in First BanCorp. by 328.8% during the 1st quarter. Jones Financial Companies Lllp now owns 2,950 shares of the bank's stock valued at $57,000 after purchasing an additional 2,262 shares during the period. Royal Bank of Canada boosted its holdings in shares of First BanCorp. by 24.4% during the 1st quarter. Royal Bank of Canada now owns 42,927 shares of the bank's stock worth $824,000 after buying an additional 8,419 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of First BanCorp. by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 96,368 shares of the bank's stock worth $1,847,000 after purchasing an additional 4,236 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of First BanCorp. by 1,445.7% in the 1st quarter. Jane Street Group LLC now owns 430,329 shares of the bank's stock worth $8,249,000 after purchasing an additional 402,488 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of First BanCorp. by 6.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 516,986 shares of the bank's stock worth $9,911,000 after purchasing an additional 29,631 shares in the last quarter. Institutional investors and hedge funds own 97.91% of the company's stock.

Analyst Ratings Changes

Separately, Wells Fargo & Company boosted their price target on First BanCorp. from $22.00 to $25.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th.

First BanCorp. Company Profile

First BanCorp. operates as a bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to consumers and commercial customers. The company operates through six segments: Commercial and Corporate Banking, Mortgage Banking, Consumer (Retail) Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations.

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