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

First BanCorp. (NYSE:FBP - Get Free Report) is projected to announce its Q2 2025 earnings results before the market opens on Tuesday, July 22nd. Analysts expect the company to announce earnings of $0.46 per share and revenue of $250.73 million for the quarter.

First BanCorp. (NYSE:FBP - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The bank reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.04. The company had revenue of $248.13 million for 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%. The business's revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 EPS. 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 Down 0.3%

Shares of FBP stock traded down $0.07 on Friday, reaching $22.15. 444,525 shares of the company were exchanged, compared to its average volume of 1,181,230. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 1.29 and a beta of 0.93. The company has a 50-day moving average of $20.68 and a 200-day moving average of $19.70. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.81 and a quick ratio of 0.81. First BanCorp. has a one year low of $16.40 and a one year high of $22.40.

First BanCorp. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 29th were given a $0.18 dividend. The ex-dividend date of this dividend was Thursday, May 29th. This represents a $0.72 annualized dividend and a yield of 3.25%. First BanCorp.'s payout ratio is 39.13%.

Hedge Funds Weigh In On First BanCorp.

Several hedge funds have recently modified their holdings of FBP. Jones Financial Companies Lllp lifted its position in shares of First BanCorp. by 328.8% during the 1st quarter. Jones Financial Companies Lllp now owns 2,950 shares of the bank's stock worth $57,000 after buying an additional 2,262 shares in the last quarter. Royal Bank of Canada lifted its position 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 position in shares of First BanCorp. by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 96,368 shares of the bank's stock worth $1,847,000 after buying an additional 4,236 shares in the last quarter. Jane Street Group LLC lifted its position in shares of First BanCorp. by 1,445.7% during the 1st quarter. Jane Street Group LLC now owns 430,329 shares of the bank's stock worth $8,249,000 after buying an additional 402,488 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of First BanCorp. by 6.1% during 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 during the last quarter. Institutional investors own 97.91% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company raised their price target on shares of First BanCorp. from $22.00 to $25.00 and gave the company an "overweight" rating in a research report 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.