Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
First Bancorp Puerto Rico ( (FBP) ) has issued an announcement.
On February 9, 2026, First BanCorp. announced that longtime Executive Vice President and Chief Financial Officer Orlando Berges will retire effective June 30, 2026, after joining the corporation in May 2009 and playing a key role in recapitalizing the institution, driving a turnaround, executing major acquisitions and integrations, and strengthening financial reporting and capital planning. The board named current Senior Vice President and Chief Accounting Officer Said Ortiz as his successor effective July 1, 2026, highlighting his 19 years of experience in accounting and financial management, his contributions to FirstBanCorp.’s reporting and controls, and the planned overlap between Berges and Ortiz to ensure a seamless transition and continuity in the bank’s financial strategy and governance.
The most recent analyst rating on (FBP) stock is a Hold with a $24.00 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.
The score is driven primarily by strong financial performance and an attractive valuation (low P/E with a solid dividend). Earnings call commentary supports the outlook with clear 2026 targets and substantial capital returns, partially tempered by manageable but notable risks around margin pressure, credit inflows, and rising expenses. Technical indicators are neutral, providing limited near-term momentum support.
To see Spark’s full report on FBP stock, click here.
More about First Bancorp Puerto Rico
First BanCorp. is the parent company of FirstBank Puerto Rico, a state-chartered commercial bank operating in Puerto Rico, the U.S. and British Virgin Islands, and Florida. The group also includes FirstBank Insurance Agency, LLC, and its common stock trades on the New York Stock Exchange under the symbol FBP, positioning it as a regional financial services provider with a Caribbean and U.S. footprint.
Average Trading Volume: 1,314,281
Technical Sentiment Signal: Buy
Current Market Cap: $3.67B
For a thorough assessment of FBP stock, go to TipRanks’ Stock Analysis page.