First BanCorp (FBP) Stock Overview
Operates as the bank holding company for FirstBank Puerto Rico that provides financial products and services to consumers and commercial customers. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 0/6 |
| Past Performance | 4/6 |
| Financial Health | 6/6 |
| Dividends | 2/6 |
FBP Community Fair Values
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Analyst Price Targets
First BanCorp. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$27.58 |
| 52 Week High | US$29.88 |
| 52 Week Low | US$19.16 |
| Beta | 0.79 |
| 1 Month Change | -3.09% |
| 3 Month Change | 9.44% |
| 1 Year Change | 24.85% |
| 3 Year Change | 109.10% |
| 5 Year Change | 115.30% |
| Change since IPO | 268.16% |
Recent News & Updates
Recent updates
Seeking Alpha • Sep 10
First BanCorp: Strong Operations, But Valuation Leaves Limited Upside
Summary First BanCorp delivered robust Q2 results, with net income up nearly 20% to $96.1M and a 4.7% net interest margin. FBP’s 2.15x P/B ratio and premium valuation reflect strong capital returns but limit further multiple expansion and safety margin. High geographic and revenue concentration in Puerto Rico, plus reliance on interest income, heightens sensitivity to economic and rate cycles. Despite operational strength and profitability, current valuation offers insufficient downside protection for new positions. Read the full article on Seeking Alpha
Narrative Update • Aug 05
FBP: Earnings Quality And Loan Growth Will Offset Funding And Legal Risks
Analysts have lifted the First BanCorp fair value estimate from about $28.86 to $31.00 after a series of higher Street price targets that highlight stronger recent earnings quality, tighter expense control, and expectations for continued net interest margin support. Analyst Commentary Recent research on First BanCorp has tilted clearly positive, with several firms lifting price targets after the latest quarterly update and model revisions.Narrative Update • Jul 22
FBP: Buybacks And Credit Stability Will Meet Acquisition And Rating Upside Risks
The analyst price target for First BanCorp has been revised higher from $27.67 to $28.86, as analysts point to stronger modeled fair value supported by updated assumptions for revenue growth, profitability, and future P/E multiples reflected in recent research coverage and target hikes. Analyst Commentary Recent Street research around First BanCorp centers on how its fundamental profile, operating trends, and macro backdrop in Puerto Rico may support the higher fair value estimates that feed into updated price targets.Narrative Update • Jul 07
FBP: Buybacks And Credit Stability Will Support Balanced Medium Term Returns
Analysts have nudged their fair value estimate for First BanCorp higher, with the updated average price target rising from $26.00 to about $27.67. They point to expectations for continued loan growth momentum, stable credit, ongoing share repurchases, improving fee income, tight expense control, and positive operating leverage.Narrative Update • Jun 22
FBP: Recent Upgrades And Buybacks Will Support Balanced Medium Term Returns
Analysts have raised their collective price target for First BanCorp by a few dollars per share, reflecting recent target increases of $1 to $2 along with upgrades that cite company specific drivers rather than broad sector trends. Analyst Commentary Recent research on First BanCorp has focused on valuation, execution on company specific initiatives, and the outlook implied by the series of price target increases in the past few days.Narrative Update • Jun 06
FBP: Recent Upgrade And Buybacks Will Support Balanced Medium Term Return Potential
Analysts have lifted the implied fair value estimate for First BanCorp stock from $25.67 to $26.00, citing a series of recent price target increases and rating changes across major research firms as support for the adjustment. Analyst Commentary Recent Street research on First BanCorp has centered on a series of price target increases and a fresh upgrade, all clustered within a short time frame.Narrative Update • May 01
FBP: Upgraded Outlook And Buybacks Will Support Balanced Medium Term Upside Potential
First BanCorp's analyst price target has been lifted from $24.00 to about $25.67, as analysts factor in updated views on fair value, discount rate, revenue growth, profit margin and future P/E following several recent price target increases and an upgrade in Street research. Analyst Commentary Recent Street research on First BanCorp clusters around higher price targets and an upgrade, with analysts revisiting their assumptions on earnings power, appropriate P/E, and execution risks.Analysis Article • Feb 10
First BanCorp's (NYSE:FBP) Shareholders Will Receive A Bigger Dividend Than Last Year
The board of First BanCorp. ( NYSE:FBP ) has announced that it will be paying its dividend of $0.20 on the 13th of...Narrative Update • Jan 26
FBP: Future Share Repurchases And Neutral Rating Will Support Upside Potential
Analysts have adjusted their price target on First BanCorp slightly, trimming fair value from about US$24.17 to US$24.00 as they factor in updated views on revenue growth, profit margins, a modestly lower future P/E multiple and recent neutral-rated coverage. Analyst Commentary Bullish Takeaways Bullish analysts view the neutral rating as consistent with a stock that is roughly aligned with their assessment of fair value around US$24.00, rather than signaling a clear mispricing.Narrative Update • Jan 09
FBP: Future Share Repurchases Will Underpin Returns Despite Margin Constraints
Analysts have nudged their price target on First BanCorp down by $1 to $24, reflecting slightly softer assumptions for net interest margin expansion and earnings power over the next few years. Analyst Commentary Recent Street research on First BanCorp reflects a mixed but fairly balanced view, with both optimistic and cautious perspectives now coalescing around a US$24 price target.Narrative Update • Dec 24
FBP: Future Share Repurchases Will Support Returns Despite Margin Headwinds
Analysts have trimmed their average price target on First BanCorp by about $1 to $24, reflecting more cautious expectations for net interest margin expansion and limited upside, with the bank already operating at a high level. Analyst Commentary Recent research updates present a more balanced view on First BanCorp, with adjustments to price targets and earnings forecasts reflecting both confidence in execution and recognition of a moderating growth outlook.Narrative Update • Dec 10
FBP: Share Repurchases Will Support Future Returns Despite Margin Constraints
Analysts have trimmed their price target on First BanCorp to $24.00 from a prior range of $25.00 to $26.00, citing a more constrained outlook for net interest margin expansion and limited upside given the bank's already strong operating performance. Analyst Commentary Recent Street research reflects a more balanced stance on First BanCorp, with revised price targets converging around $24.00 and modest adjustments to forward earnings expectations.Narrative Update • Nov 26
FBP: Share Buybacks Will Support Profitability Amid Limited Upside Ahead
Analysts have lowered their price target for First BanCorp to $24 from a previous range of $25 to $26, citing reduced expectations for net interest margin expansion and limited upside given the company's already strong performance. Analyst Commentary Recent analyst updates for First BanCorp reveal a mix of optimism about the company's ongoing execution and caution regarding its future growth prospects.Narrative Update • Nov 10
FBP: Share Buybacks And Profitability Will Drive Potential Upside Ahead
Analysts have slightly lowered their price target for First BanCorp, moving it from $24.33 to $24.17 per share. They cite a more constrained net interest margin outlook and limited upside, given the bank's already strong performance.Narrative Update • Oct 27
Operational Excellence And Repurchases Will Support Resilience Amid Narrowing Margins
First BanCorp’s analyst price target has been reduced slightly from $25 to $24, as analysts now anticipate more constrained net interest margin growth and limited earnings upside. This reflects updated management guidance.Seeking Alpha • Apr 20
First BanCorp: Bond Market Turbulence, Expected Tourism Slowdown Seems Priced-In
Summary I’m expecting loan growth to decelerate this year, as a possible recession in the mainland United States can hurt the tourism industry in Puerto Rico. Low-yielding securities are set to mature this year, which will provide First BanCorp a good opportunity to reinvest in higher-yielding assets, thereby raising the margin. I’m raising my provision expense estimate and, therefore, reducing my earnings estimate for 2025. Yields have jumped up in the bond market so far this month. This could lead to a build-up of mark-to-market losses on FBP’s securities portfolio. FBP is offering a small upside potential of 4.0% and a dividend yield of 3.9%. Read the full article on Seeking AlphaSeeking Alpha • Jan 23
First BanCorp.: Strong Margin Power And A Growing Dividend
Summary First BanCorp. reported strong Q4 results with revenue of $241.5 million and EPS of $0.46, both beating estimates. Loans grew by $303.2 million to $12.8 billion, and core deposits increased by $197.9 million, indicating healthy banking activity. Net interest margin rose to 4.33%, with net interest income at $209.3 million, and cost of funds dropped to 2.35%. Despite mixed asset quality trends, the bank remains highly efficient with a 51.57% efficiency ratio and offers attractive dividend growth for FBP investors. Read the full article on Seeking AlphaAnalysis Article • Oct 23
Here's Why First BanCorp (NYSE:FBP) Has Caught The Eye Of Investors
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Shareholder Returns
| FBP | US Banks | US Market | |
|---|---|---|---|
| 7D | -0.4% | -3.0% | 0.5% |
| 1Y | 24.9% | 11.7% | 12.0% |
Return vs Industry: FBP exceeded the US Banks industry which returned 11.7% over the past year.
Return vs Market: FBP exceeded the US Market which returned 12% over the past year.
Price Volatility
| FBP volatility | |
|---|---|
| FBP Average Weekly Movement | 2.8% |
| Banks Industry Average Movement | 3.0% |
| Market Average Movement | 6.8% |
| 10% most volatile stocks in US Market | 15.2% |
| 10% least volatile stocks in US Market | 2.9% |
Stable Share Price: FBP has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: FBP's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1948 | 3,218 | Aurelio Aleman-Bermudez | www.1firstbank.com |
First BanCorp. operates as the bank holding company for FirstBank Puerto Rico that provides financial products and services to consumers and commercial customers. It operates through six segments: Mortgage Banking; Consumer (Retail) Banking; Commercial and Corporate Banking; Treasury and Investments; United States Operations; and Virgin Islands Operations.
First BanCorp. Fundamentals Summary
| FBP fundamental statistics | |
|---|---|
| Market cap | US$4.17b |
| Earnings (TTM) | US$372.56m |
| Revenue (TTM) | US$954.21m |
11.2x
P/E Ratio2.1x
P/B RatioIs FBP overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FBP income statement (TTM) | |
|---|---|
| Revenue | US$954.21m |
| Cost of Revenue | US$0 |
| Gross Profit | US$954.21m |
| Other Expenses | US$581.65m |
| Earnings | US$372.56m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.46 |
| Gross Margin | 100.00% |
| Net Profit Margin | 39.04% |
| Debt/Equity Ratio | 10.1% |
How did FBP perform over the long term?
See historical performance and comparisonDividends
2.9%
Current Dividend Yield32%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/18 22:51 |
| End of Day Share Price | 2026/09/18 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
First BanCorp. is covered by 14 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Brandon Berman | BofA Global Research |
| Joseph Gladue | B. Riley Securities, Inc. |
| Michael Diana | Cantor Fitzgerald & Co. |