First Bancorp Puerto Rico (FBP) AI Stock Analysis

• Market Cap: $3.45B
• Dividend Yield: 3.16%
• Average Volume (3M): 1.16M
• Price to Earnings (P/E): 11.5
• Beta (1Y): 1.08
• Revenue Growth: 3.10%
• EPS Growth: 3.14%
• Country: US
• Employees: 3,113
• Sector: Financial
• Sector Strength: 72
• Industry: Banks - Regional
• EPS (TTM): 0.50
• Shares Outstanding: 160,469,650
• 10 Day Avg. Volume: 1,347,913
• 30 Day Avg. Volume: 1,164,854
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 0.85
• Enterprise Value/Revenue: 2.45
• Enterprise Value/Gross Profit: 3.47
• Enterprise Value/Ebitda: 7.05
• 1Y Price Target: $24.70
• Price Target Upside: 16.78% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5

• Rating: 80 Outperform
• Price Target: $24.50 ▲(15.84% Upside)

First Bancorp Puerto Rico's strong financial performance and positive earnings call sentiment are the most significant factors driving the score. The stock's attractive valuation and positive technical indicators further support its potential. While corporate events and some technical indicators present minor risks, the overall outlook remains favorable.

First Bancorp Puerto Rico Business Overview & Revenue Model

Company Description

First BanCorp. operates as a bank holding company for FirstBank Puerto Rico that provides various financial services for retail, commercial, and institutional clients. The company operates through six segments: Commercial and Corporate Banking, Mortgage Banking, Consumer (Retail) Banking, Treasury and Investments, United States Operations, and Virgin Islands Operations. The Commercial and Corporate Banking segment offers commercial loans, including commercial real estate and construction loans and floor plan financings; and other products, such as cash management and business management services. The Mortgage Banking segment engages in the origination, sale, and servicing of various residential mortgage loans; acquisition and sale of mortgages in the secondary markets; and purchase of mortgage loans from other local banks and mortgage bankers. The Consumer (Retail) Banking segment provides auto, boat, credit card, and personal loans; lines of credit; deposit products comprising interest bearing and non-interest bearing checking and savings accounts, individual retirement accounts, and retail certificates of deposit (CDs); and finance leasing and insurance agency services. The Treasury and Investments segment offers funding and liquidity management services. The United States Operations segment provides checking, savings, and money market accounts, as well as retail CDs; traditional commercial and industrial, and commercial real estate loans; and internet banking, cash management, remote deposit capture, and automated clearing house, and transactions services. The Virgin Islands Operations segment is involved in consumer, commercial lending, and deposit-taking activities. The company operates 64 branches in Puerto Rico, 8 branches in the U.S. Virgin Islands and British Virgin Islands, and 11 branches in the state of Florida. First BanCorp. was founded in 1948 and is headquartered in San Juan, Puerto Rico.

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 has demonstrated strong financial performance with consistent revenue growth, robust profitability, and efficient cash flow management. The company maintains low leverage with a healthy debt-to-equity ratio. However, attention is needed for maintaining sufficient equity levels and addressing slight declines in gross profit margins.

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	1.20B	1.19B	1.12B	953.89M	882.02M	770.14M
Gross Profit	849.02M	843.72M	830.16M	858.16M	882.53M	506.49M
EBITDA	418.27M	416.20M	425.67M	478.69M	464.19M	142.09M
Net Income	302.32M	298.72M	302.86M	305.07M	281.02M	102.27M
Balance Sheet
Total Assets	19.11B	19.29B	18.91B	18.63B	20.79B	18.79B
Cash, Cash Equivalents and Short-Term Investments	2.35B	5.72B	5.89B	6.00B	8.68B	5.80B
Total Debt	331.14M	561.70M	661.70M	933.89M	683.76M	923.76M
Total Liabilities	17.33B	17.62B	17.41B	17.31B	18.68B	16.52B
Stockholders Equity	1.78B	1.67B	1.50B	1.33B	2.10B	2.28B
Cash Flow
Free Cash Flow	386.77M	394.14M	340.36M	420.03M	386.37M	281.67M
Operating Cash Flow	394.12M	404.15M	362.96M	440.49M	399.72M	297.74M
Investing Cash Flow	490.11M	136.23M	-78.45M	-681.46M	-1.26B	-1.24B
Financing Cash Flow	-240.48M	-44.13M	-101.85M	-1.82B	1.91B	1.79B

First Bancorp Puerto Rico Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 21.15
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FBP, the sentiment is Positive. The current price of 21.15 is above the 20-day moving average (MA) of 21.03, above the 50-day MA of 20.90, and above the 200-day MA of 19.74, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 58.98 is Neutral, neither overbought nor oversold. The STOCH value of 95.73 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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	80 Outperform	$3.45B	11.45	18.38%	3.16%	3.10%	3.14%
RNST	78 Outperform	$3.62B	15.05	5.21%	2.34%	21.87%	-3.27%
FHB	77 Outperform	$3.12B	12.95	9.40%	4.15%	-2.56%	12.05%
WSBC	73 Outperform	$3.00B	18.82	4.25%	4.79%	30.52%	-21.64%
CATY	71 Outperform	$3.34B	11.65	10.38%	2.88%	-0.17%	-0.29%
UCB	70 Outperform	$3.83B	14.33	7.81%	3.08%	3.00%	42.78%
Sector *	65 Neutral	£5.47B	8.78	9.49%	5.10%	10.05%	-13.15%

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.

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.

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.

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.