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First BanCorp. operates as a bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to retail, commercial, and institutional clients. It operates through six segments: Commercial and Corporate Banking, Consumer (Retail) Banking, Mortgage Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations. The Commercial and Corporate Banking segment offers commercial real estate and construction loans, floor plan financing, and cash and business management services, as well as investment banking services. The Consumer (Retail) Banking segment provides auto, boat, and personal loans; credit cards; lines of credit; and deposit products comprising interest bearing and non-interest bearing checking and savings accounts, individual retirement accounts, and retail certificates of deposit (CDs), as well as engages in the finance leasing and insurance activities. The Mortgage Banking segment is involved in the origination, sale, and servicing of various residential mortgage loan products and related hedging activities; and acquisition and sale of mortgages in the secondary markets. The Treasury and Investments segment engages in the treasury and investment management activities, such as funding and liquidity management. The United States Operations segment offers checking, savings, and money market accounts; and residential mortgages, home equity loans, lines of credit, and automobile loans, as well as retail CDs, Internet banking services, cash management, remote data capture, automated clearing house transactions, and term loans. The Virgin Islands Operations segment is involved in the consumer, commercial lending, and deposit-taking activities. As of December 31, 2017, the company operated 45 branches in Puerto Rico, 11 branches in the U.S. Virgin Islands and British Virgin Islands, and 11 branches in the state of Florida. The company was founded in 1948 and is headquartered in Santurce, Puerto Rico.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry State commercial banks
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNYSE:FBP
Previous Symbol
CUSIP31867270
Phone787-729-8200
Debt
Debt-to-Equity Ratio0.46
Current Ratio0.99
Quick Ratio0.98
Price-To-Earnings
Trailing P/E Ratio17.28
Forward P/E Ratio13.94
P/E Growth0.42
Sales & Book Value
Annual Sales$650.81 million
Price / Sales2.88
Cash Flow$0.5486 per share
Price / Cash Flow15.75
Book Value$8.48 per share
Price / Book1.02
Profitability
EPS (Most Recent Fiscal Year)$0.50
Net Income$66.95 million
Net Margins17.75%
Return on Equity6.69%
Return on Assets1.01%
Miscellaneous
Employees2,553
Outstanding Shares217,240,000
Market Cap$1.96 billion
OptionableOptionable
First Bancorp (NYSE:FBP) Frequently Asked Questions
What is First Bancorp's stock symbol?
First Bancorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "FBP."
How often does First Bancorp pay dividends? What is the dividend yield for First Bancorp?
First Bancorp announced a quarterly dividend on Wednesday, November 14th. Investors of record on Friday, November 30th will be given a dividend of $0.03 per share on Friday, December 14th. This represents a $0.12 annualized dividend and a yield of 1.39%. The ex-dividend date is Thursday, November 29th. View First Bancorp's Dividend History.
How were First Bancorp's earnings last quarter?
First Bancorp (NYSE:FBP) posted its earnings results on Thursday, October, 25th. The bank reported $0.16 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.15 by $0.01. The bank had revenue of $151.04 million for the quarter, compared to analysts' expectations of $161.70 million. First Bancorp had a return on equity of 6.69% and a net margin of 17.75%. View First Bancorp's Earnings History.
When is First Bancorp's next earnings date?
What price target have analysts set for FBP?
5 analysts have issued 1-year target prices for First Bancorp's shares. Their predictions range from $8.00 to $12.00. On average, they expect First Bancorp's share price to reach $9.70 in the next year. This suggests a possible upside of 12.3% from the stock's current price. View Analyst Price Targets for First Bancorp.
What is the consensus analysts' recommendation for First Bancorp?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Bancorp in the last year. There are currently 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for First Bancorp.
Has First Bancorp been receiving favorable news coverage?
Press coverage about FBP stock has trended somewhat negative recently, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. First Bancorp earned a daily sentiment score of -1.1 on InfoTrie's scale. They also assigned media coverage about the bank a news buzz of 8.0 out of 10, meaning that recent media coverage is very likely to have an effect on the stock's share price in the near term.
Who are some of First Bancorp's key competitors?
Some companies that are related to First Bancorp include East West Bancorp (EWBC), Commerce Bancshares (CBSH), Signature Bank (SBNY), Popular (BPOP), First Citizens BancShares (FCNCA), Prosperity Bancshares (PB), Western Alliance Bancorporation (WAL), First Financial Bankshares (FFIN), Investors Bancorp (ISBC), Wintrust Financial (WTFC), IBERIABANK (IBKC), Glacier Bancorp (GBCI), Associated Banc (ASB), United Bankshares (UBSI) and First Hawaiian (FHB).
Who are First Bancorp's key executives?
First Bancorp's management team includes the folowing people:
- Mr. Aurelio Alemán-Bermudez, Pres, CEO & Director (Age 59)
- Mr. Orlando Berges-González CPA, Exec. VP & CFO (Age 60)
- Mr. Cassan A. Pancham, Exec. VP & Bus. Group Exec. (Age 57)
- Ms. Nayda Rivera-Batista CPA, Exec. VP & Chief Risk Officer (Age 45)
- Mr. Calixto García-Vélez, Exec. VP & Florida Region Exec. (Age 50)
Who are First Bancorp's major shareholders?
First Bancorp's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.34%), Vanguard Group Inc. (10.36%), Vanguard Group Inc (10.36%), Dimensional Fund Advisors LP (8.37%), Frontier Capital Management Co. LLC (5.50%) and EJF Capital LLC (3.47%). Company insiders that own First Bancorp stock include Gonzalez Orlando Berges, Lawrence Odell, Nayda Rivera and Oaktree Fund Gp, Llc. View Institutional Ownership Trends for First Bancorp.
Which institutional investors are selling First Bancorp stock?
FBP stock was sold by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., FMR LLC, Man Group plc, Hsbc Holdings PLC, Allianz Asset Management GmbH, James Investment Research Inc., SG Americas Securities LLC and AQR Capital Management LLC. View Insider Buying and Selling for First Bancorp.
Which institutional investors are buying First Bancorp stock?
FBP stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., EJF Capital LLC, Teachers Advisors LLC, Vanguard Group Inc, Vanguard Group Inc., JPMorgan Chase & Co., JPMorgan Chase & Co. and Dimensional Fund Advisors LP. View Insider Buying and Selling for First Bancorp.
How do I buy shares of First Bancorp?
Shares of FBP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is First Bancorp's stock price today?
One share of FBP stock can currently be purchased for approximately $8.64.
How big of a company is First Bancorp?
First Bancorp has a market capitalization of $1.96 billion and generates $650.81 million in revenue each year. The bank earns $66.95 million in net income (profit) each year or $0.50 on an earnings per share basis. First Bancorp employs 2,553 workers across the globe.
What is First Bancorp's official website?
How can I contact First Bancorp?
First Bancorp's mailing address is 1519 PONCE DE LEON AVE STOP 23, SAN JUAN PR, 00908. The bank can be reached via phone at 787-729-8200 or via email at [email protected]
MarketBeat Community Rating for First Bancorp (NYSE FBP)
MarketBeat's community ratings are surveys of what our community members think about First Bancorp and other stocks. Vote "Outperform" if you believe FBP will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FBP will underperform the S&P 500 over the long term. You may vote once every thirty days.
