First BanCorp. (FBP) Stock Price, News & Analysis

Company Overview

First BanCorp is a bank holding company based in San Juan, Puerto Rico, offering a comprehensive range of financial services to individuals, businesses and public sector clients. Through its principal banking subsidiary, FirstBank, the company operates a network of branches and offices across Puerto Rico, the U.S. Virgin Islands and select U.S. mainland markets. Its core focus includes deposit products, lending solutions and treasury management services designed to meet the needs of a diverse customer base.

The company’s principal business activities encompass commercial and consumer banking, mortgage lending, equipment financing and insurance premium financing. First BanCorp provides checking and savings accounts, certificates of deposit and retirement planning accounts for retail clients, as well as working capital lines, term loans and real estate financing for small and middle-market enterprises. In addition, the bank offers specialized treasury management services, enabling clients to optimize cash flow, streamline receivables and manage payables electronically.

First BanCorp extends its geographic footprint beyond Puerto Rico through its offices in the U.S. Virgin Islands and strategic branches in Florida and New York. This regional diversification allows the company to serve a broad spectrum of markets, from local commercial enterprises in the Caribbean to expatriate communities and businesses on the U.S. mainland. A combination of physical locations and digital banking platforms ensures clients have seamless access to products and services, regardless of where they operate.

Founded in 1948 as First Federal Savings & Loan Association of the Caribbean, the organization has grown into a leading regional banking franchise. Over the decades, it has expanded its offerings and market presence through organic growth and targeted acquisitions. The company’s executive leadership is headed by President and Chief Executive Officer Javier J. Menéndez, who guides the strategic vision and day-to-day operations. First BanCorp’s enduring presence in the region underscores its commitment to supporting economic development and financial inclusion in its core markets.

Key Stats

• Today's Range: $21.94 to $22.36
• 50-Day Range: $19.33 to $22.28
• 52-Week Range: $16.40 to $22.40
• Volume: 1.30 million shs
• Average Volume: 1.11 million shs
• Market Capitalization: $3.57 billion
• P/E Ratio: 11.99
• Dividend Yield: 3.26%
• Price Target: $24.00
• Consensus Rating: Moderate Buy

First BanCorp. Stock Analysis - MarketRank™

First BanCorp. scored higher than 67% of companies evaluated by MarketBeat, and ranked 452nd out of 933 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

First BanCorp. has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

First BanCorp. has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 13.51%

Earnings Growth

Earnings for First BanCorp. are expected to grow by 13.51% in the coming year, from $1.85 to $2.10 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of First BanCorp. is 11.99, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 26.50.

Price to Earnings Ratio vs. Sector

The P/E ratio of First BanCorp. is 11.99, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.15.

Price to Earnings Growth Ratio

First BanCorp. has a PEG Ratio of 1.32. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

First BanCorp. has a P/B Ratio of 2.17. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.81% of the float of First BanCorp. has been sold short.

Short Interest Ratio / Days to Cover

First BanCorp. has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in First BanCorp. has recently decreased by 22.97%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Yield

First BanCorp. pays a meaningful dividend of 3.24%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

First BanCorp. has been increasing its dividend for 6 years.

Dividend Coverage

The dividend payout ratio of First BanCorp. is 39.13%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, First BanCorp. will have a dividend payout ratio of 34.29% next year. This indicates that First BanCorp. will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.81% of the float of First BanCorp. has been sold short.

Short Interest Ratio / Days to Cover

First BanCorp. has a short interest ratio ("days to cover") of 2.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in First BanCorp. has recently decreased by 22.97%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.1 / 5
• News Sentiment: 0.86

News Sentiment

First BanCorp. has a news sentiment score of 0.86. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for First BanCorp. this week, compared to 4 articles on an average week.

MarketBeat Follows

Only 1 people have added First BanCorp. to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, First BanCorp. insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 2.30% of the stock of First BanCorp. is held by insiders.

Percentage Held by Institutions

97.91% of the stock of First BanCorp. is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

FBP Stock Analysis - Frequently Asked Questions

How have FBP shares performed this year?

First BanCorp.'s stock was trading at $18.59 on January 1st, 2025. Since then, FBP shares have increased by 18.7% and is now trading at $22.07.

How were First BanCorp.'s earnings last quarter?

First BanCorp. (NYSE:FBP) issued its quarterly earnings data on Thursday, April, 24th. The bank reported $0.47 EPS for the quarter, topping the consensus estimate of $0.43 by $0.04. The company's revenue for the quarter was up 7.6% on a year-over-year basis.
Read the conference call transcript.

Who are First BanCorp.'s major shareholders?

First BanCorp.'s top institutional investors include Assenagon Asset Management S.A. (0.20%), State of Alaska Department of Revenue (0.06%), Range Financial Group LLC (0.06%) and SummerHaven Investment Management LLC (0.03%). Insiders that own company stock include Aurelio Aleman, Gonzalez Orlando Berges, Nayda Rivera, Carlos Power, Donald Kafka, Michael Mcdonald, John A Heffern, Crespo Luz and Tracey A Dedrick.
View institutional ownership trends.

How do I buy shares of First BanCorp.?

Shares of FBP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of First BanCorp. own?

Based on aggregate information from My MarketBeat watchlists, some other companies that First BanCorp. investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), Voyager Therapeutics (VYGR), DiamondRock Hospitality (DRH), The RMR Group (RMR) and AU Optronics (AUOTY).

Company Calendar

• Last Earnings: 4/24/2025
• Record date for 6/13 Dividend: 5/29/2025
• Ex-Dividend for 6/13 Dividend: 5/29/2025
• Dividend Payable: 6/13/2025
• Today: 7/18/2025
• Next Earnings (Estimated): 7/22/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: BANKS - SOUTHEAST
• Sub-Industry: Regional Banks
• Current Symbol: NYSE:FBP
• CIK: 1057706
• Web: www.1firstbank.com
• Phone: (787) 729-8200
• Fax: 787-724-5040
• Employees: 3,113
• Year Founded: 1948

Price Target and Rating

• Average Price Target for First BanCorp.: $24.00
• High Price Target: $26.00
• Low Price Target: $21.00
• Potential Upside/Downside: +8.7%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.75
• Research Coverage: 4 Analysts

Profitability

• EPS (Trailing Twelve Months): $1.84
• Trailing P/E Ratio: 11.99
• Forward P/E Ratio: 11.93
• P/E Growth: 1.32
• Net Income: $298.72 million
• Net Margins: 24.46%
• Pretax Margin: 31.88%
• Return on Equity: 18.22%
• Return on Assets: 1.59%

Debt

• Debt-to-Equity Ratio: 0.19
• Current Ratio: 0.81
• Quick Ratio: 0.81

Sales & Book Value

• Annual Sales: $1.23 billion
• Price / Sales: 2.91
• Cash Flow: $2.00 per share
• Price / Cash Flow: 11.01
• Book Value: $10.19 per share
• Price / Book: 2.17

Miscellaneous

• Outstanding Shares: 161,540,000
• Free Float: 157,828,000
• Market Cap: $3.57 billion
• Optionable: Optionable
• Beta: 0.93