First Bancorp Puerto Rico (FBP) AI Stock Analysis

• Market Cap: $3.30B
• Dividend Yield: 3.4%
• Average Volume (3M): 1.04M
• Price to Earnings (P/E): 11.0
• Beta (1Y): 1.03
• Revenue Growth: 3.10%
• EPS Growth: 3.14%
• Country: US
• Employees: 3,113
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.50
• Shares Outstanding: 160,469,650
• 10 Day Avg. Volume: 1,240,274
• 30 Day Avg. Volume: 1,035,585
• PEG Ratio: 1.76
• Price to Book (P/B): 1.83
• Price to Sales (P/S): 2.56
• P/FCF Ratio: 7.76
• Enterprise Value/Market Cap: 0.89
• Enterprise Value/Revenue: 3.16
• Enterprise Value/Gross Profit: 4.66
• Enterprise Value/Ebitda: 7.14
• 1Y Price Target: $24.50
• Price Target Upside: 19.05% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 74 Outperform
• Price Target: $22.50 ▲(9.33% Upside)

First Bancorp Puerto Rico's strong financial performance and positive earnings call are the primary drivers of its stock score. The company's robust profitability, efficient cash flow management, and strategic capital deployment are significant strengths. However, bearish technical indicators and challenges in deposit levels and interest expense optimization slightly offset these positives.

First Bancorp Puerto Rico Business Overview & Revenue Model

Company Description

First Bancorp Puerto Rico (FBP) is a prominent financial institution based in Puerto Rico, primarily engaged in providing a range of banking and financial services. The company operates through its subsidiary, FirstBank Puerto Rico, which offers personal banking, commercial banking, and wealth management services. FBP serves a diverse clientele, including individuals, businesses, and government entities, and is focused on enhancing financial accessibility and economic growth in the regions it serves.

How the Company Makes Money

First Bancorp Puerto Rico generates revenue primarily through interest income from loans and advances, which constitute a significant portion of its earnings. The bank offers various loan products, including personal loans, mortgages, and commercial loans, and earns interest from these loans over time. Additionally, FBP earns non-interest income through fees for services such as account maintenance, transaction services, and wealth management. The company also invests in securities, generating income from interest and dividends. Strategic partnerships with local businesses and government entities further enhance its service offerings, contributing to customer retention and revenue stability.

First Bancorp Puerto Rico Financial Statement Overview

Summary

First Bancorp Puerto Rico's financial performance is commendable with consistent revenue growth, strong profitability, and efficient cash flow management. While leverage is low, maintaining equity levels and addressing slight declines in gross profit margins can further strengthen its financial health. The company is well-positioned in the regional banking sector with its solid financial foundation.

Income Statement

First Bancorp Puerto Rico has shown strong revenue growth and profitability. The TTM revenue grew by 0.8% compared to 2024, and the net profit margin for TTM is 25.15%, indicating robust earnings. The company maintains healthy EBIT and EBITDA margins, demonstrating operational efficiency. However, the gross profit margin slightly decreased, which might require attention.

Balance Sheet

The company has a strong balance sheet with a low debt-to-equity ratio of 0.19 in TTM, showing low leverage and a stable financial position. The return on equity is healthy at 16.99% for TTM, reflecting effective management in generating returns for shareholders. However, the equity ratio is moderate at 9.31%, suggesting a need for maintaining sufficient equity levels.

Cash Flow

First Bancorp Puerto Rico demonstrates strong cash flow management. The free cash flow to net income ratio is excellent at 1.28 for TTM, indicating efficient conversion of net income into cash flows. The operating cash flow to net income ratio stands at 1.30, reflecting solid cash generation. Though the free cash flow growth rate is negative compared to the previous year, overall cash management remains robust.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	933.08M	1.19B	1.12B	953.89M	882.02M	770.14M
Gross Profit	632.96M	843.72M	830.16M	858.16M	882.53M	506.49M
EBITDA	413.30M	416.20M	425.67M	478.69M	464.19M	142.09M
Net Income	306.67M	298.72M	302.86M	305.07M	281.02M	102.27M
Balance Sheet
Total Assets	18.90B	19.29B	18.91B	18.63B	20.79B	18.79B
Cash, Cash Equivalents and Short-Term Investments	5.23B	5.72B	5.89B	6.00B	8.68B	5.80B
Total Debt	320.00M	561.70M	661.70M	933.89M	683.76M	923.76M
Total Liabilities	17.05B	17.62B	17.41B	17.31B	18.68B	16.52B
Stockholders Equity	1.85B	1.67B	1.50B	1.33B	2.10B	2.28B
Cash Flow
Free Cash Flow	410.18M	394.14M	340.36M	420.03M	386.37M	281.67M
Operating Cash Flow	418.43M	404.15M	362.96M	440.49M	399.72M	297.74M
Investing Cash Flow	150.22M	136.23M	-78.45M	-681.46M	-1.26B	-1.24B
Financing Cash Flow	-418.21M	-44.13M	-101.85M	-1.82B	1.91B	1.79B

First Bancorp Puerto Rico Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 20.58
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FBP, the sentiment is Negative. The current price of 20.58 is below the 20-day moving average (MA) of 21.71, below the 50-day MA of 21.69, and above the 200-day MA of 20.09, indicating a neutral trend. The MACD of -0.22 indicates Positive momentum. The RSI at 39.00 is Neutral, neither overbought nor oversold. The STOCH value of 23.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FBP.

First Bancorp Puerto Rico Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FBP	74 Outperform	$3.30B	10.95	18.38%	3.40%	3.10%	3.14%
INDB	70 Outperform	$3.21B	15.69	5.51%	3.53%	11.09%	-10.78%
OFG	70 Neutral	$1.84B	9.73	15.20%	2.79%	4.15%	4.39%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
FULT	67 Neutral	$3.06B	9.84	10.08%	4.21%	17.61%	1.89%
CATY	66 Neutral	$3.17B	11.07	10.38%	2.96%	-0.17%	-0.29%
EBC	61 Neutral	$3.84B	24.06	-1.89%	2.75%	4.80%	-111.49%

First Bancorp Puerto Rico Corporate Events

First BanCorp Announces Strategic Reorganization and Leadership Change

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.

First Bancorp Puerto Rico Stockholders Approve Key Proposals

At the Annual Meeting of Stockholders held on May 21, 2025, First BanCorp Puerto Rico’s stockholders voted on several key proposals. Notably, the election of directors saw most nominees receiving strong support, while the executive compensation for 2024 was approved on a non-binding basis. Additionally, the appointment of Crowe LLP as the independent registered public accounting firm for the 2025 fiscal year was ratified.