First BanCorp Announces Strategic Reorganization and Leadership Change

First Bancorp Puerto Rico ( (FBP) ) has issued an announcement.

On June 16, 2025, First BanCorp announced a strategic reorganization as part of its corporate succession plan, which includes the retirement of COO Donald Kafka on September 15, 2025, and the appointment of Juan Carlos Pavía as his successor effective August 1, 2025. This reorganization is expected to impact the company’s operations by having Mr. Pavía, who has extensive experience in the banking industry, oversee various critical areas, potentially strengthening First BanCorp’s industry positioning.

The most recent analyst rating on (FBP) stock is a Hold with a $22.00 price target. To see the full list of analyst forecasts on First Bancorp Puerto Rico stock, see the FBP Stock Forecast page.

Spark’s Take on FBP Stock

According to Spark, TipRanks’ AI Analyst, FBP is a Outperform.

First Bancorp Puerto Rico demonstrates solid financial health with consistent revenue growth and profitability. Technical indicators are favorable, pointing to upward momentum, although caution is advised due to potential overbought conditions. The valuation is attractive, supported by a low P/E ratio and a decent dividend yield. Earnings call insights and strategic leadership changes add a positive outlook, despite some challenges in loan performance and economic uncertainties.

To see Spark’s full report on FBP stock, click here.

More about First Bancorp Puerto Rico

First BanCorp is a bank holding company for FirstBank Puerto Rico, operating in the banking industry with a focus on providing financial services such as banking operations, corporate security, information technology, real estate, and credit risk management.

Average Trading Volume: 1,342,850

Technical Sentiment Signal: Strong Buy

Current Market Cap: $3.19B

Find detailed analytics on FBP stock on TipRanks’ Stock Analysis page.