YOLFTbeta
First BanCorp.

First BanCorp.

FBP · NYSE · Financial Services / Banks - Regional

26.16USD+0.07 (+0.27%)

Price History

Full chart

Market Stats

Previous Close26.09
Open26.18
Day Range25.96 – 26.29
52-Week Range18.53 – 29.67
Volume789.20K
Market Cap4.13B
P/E (TTM)11.42
Forward P/E20.75
EPS2.37
Dividend Yield2.99%
Beta0.79
50-Day Avg28.33
200-Day Avg24.23

About

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. The Mortgage Banking segment engages in the origination, sale, and servicing of various residential mortgage loans; hedging activities; purchase of mortgage loans from branch and mortgage bankers; and origination of residential real estate loans. The Consumer (Retail) Banking segment is involved in consumer lending, commercial lending to small businesses, commercial transaction banking, and deposit-taking activities. The Commercial and Corporate Banking segment offers lending and other services, including commercial lending and commercial deposit-taking activities. The Treasury and Investments segment manages funding; and obtains funds through brokered deposits, advances from the FHLB, and repurchase agreements involving investment securities, among other funding sources. The United States Operations segment provides checking, savings, and money market accounts; retail CDs; internet banking services; residential mortgages; home equity loans and lines of credit; retail deposits; cash management services; remote data capture; automated clearing house transactions; and traditional commercial and industrial, and commercial real estate products, such as lines of credit, term loans, and construction loans. The Virgin Islands Operations segment focuses on consumer and commercial lending, and deposit-taking activities. The company also offers automobile financing and insurance agency services. First BanCorp. was founded in 1948 and is headquartered in San Juan, Puerto Rico.

Company Details

  • SectorFinancial Services
  • IndustryBanks - Regional
  • CEOMr. Aurelio Aleman-Bermudez
  • Employees3.22K
  • Headquarters1519 Ponce de Leon Avenue, San Juan, PR, United States, 00908, USA
  • Websitehttps://www.1firstbank.com

Leadership

  • Mr. Aurelio Aleman-BermudezPresident, CEO & Director · b. 1959
  • Mr. Juan Carlos PaviaExecutive VP & COO · b. 1980
  • Ms. Nayda Rivera-Batista CPAExecutive VP, Corporate Chief of Staff & Chief Consumer Officer · b. 1973
  • Mr. Orlando Berges-González CPAAdvisor · b. 1958
  • Ms. Lilian Diaz-BentoExecutive VP & Business Group Director · b. 1967
  • Mr. Said Ortiz CPAExecutive VP & CFO
  • Mr. Ramon Rodriguez C.F.A.Senior Vice President of Corporate Strategy / Investor Relations
  • Ms. Sara Alvarez-CabreroExecutive VP, General Counsel & Secretary of the Board · b. 1975
  • Carmen PaganSenior VP, Compliance Director & Senior VP of Division Director
  • Ms. Ginoris Lopez-LayExecutive VP & Strategic Management Director · b. 1968

Financials

Income Statement

Currency: USD1988-12-311989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue--201.50M190.70M172.60M176.50M198.50M256.80M286.10M325.10M379.50M401.93M513.42M569.24M598.52M656.26M749.96M495.40M1.13B1.24B1.20B1.14B891.56M695.79M622.71M609.67M621.88M607.65M638.67M620.64M668.61M730.57M770.14M882.02M953.89M1.12B1.19B1.26B
Growth (%)----5.36%-9.49%+2.26%+12.46%+29.37%+11.41%+13.63%+16.73%+5.91%+27.74%+10.87%+5.15%+9.65%+14.28%-33.94%+128.24%+9.81%-3.22%-5.08%-21.83%-21.96%-10.50%-2.09%+2.00%-2.29%+5.10%-2.82%+7.73%+9.27%+5.42%+14.53%+8.15%+17.78%+6.16%+5.35%
Cost of Revenue--162.50M126.40M99.60M91.10M94.40M127.80M144.60M186.20M231.10M231.29M318.33M341.23M335.49M353.44M345.65M685.91M685.91M858.84M789.96M1.06B1.01B496.22M294.66M374.15M224.75M275.61M189.08M240.20M158.57M148.63M263.64M-509.00K95.74M293.38M349.04M340.18M
Gross Profit--39.00M64.30M73.00M85.40M104.10M129.00M141.50M138.90M148.40M170.63M195.09M228.00M263.04M302.82M404.31M444.75M444.75M382.72M411.58M83.11M-121.10M199.57M328.05M235.52M397.12M332.04M449.59M380.44M510.03M581.94M506.49M882.53M858.16M830.16M843.72M916.38M
Gross Margin--19.35%33.72%42.29%48.39%52.44%50.23%49.46%42.73%39.10%42.45%38.00%40.05%43.95%46.14%53.91%89.78%39.34%30.83%34.25%7.29%-13.58%28.68%52.68%38.63%63.86%54.64%70.39%61.30%76.28%79.66%65.77%100.06%89.96%73.89%70.74%72.93%
Operating Expense--56.60M51.40M54.80M56.90M60.70M65.60M91.60M83.30M91.80M101.27M113.05M120.85M132.76M164.63M180.48M168.78M315.13M293.00M333.37M353.76M300.07M272.48M292.34M394.85M305.49M304.32M319.33M318.46M319.39M342.57M390.17M454.71M410.57M432.72M452.51M499.65M
Operating Income12.50M11.70M-17.60M12.90M18.20M28.50M43.40M63.40M49.90M55.60M56.60M69.36M82.04M107.15M130.28M138.19M223.83M275.97M129.62M89.72M78.20M-270.65M-421.17M-72.91M35.71M-159.32M91.64M27.72M130.26M61.98M190.64M239.37M116.32M427.82M447.58M397.44M391.21M416.73M
Operating Margin---8.73%6.76%10.54%16.15%21.86%24.69%17.44%17.10%14.91%17.26%15.98%18.82%21.77%21.06%29.85%55.71%11.46%7.23%6.51%-23.73%-47.24%-10.48%5.74%-26.13%14.74%4.56%20.40%9.99%28.51%32.77%15.10%48.50%46.92%35.37%32.80%33.16%
EBITDA12.50M11.70M-13.50M17.00M22.00M32.00M47.30M68.00M56.10M62.90M65.30M76.33M90.91M118.44M144.70M182.36M256.86M-162.68M119.58M97.38M-249.88M-397.67M-46.01M63.24M-129.26M117.56M53.92M152.80M82.81M209.26M260.05M142.09M464.19M478.69M425.67M416.20M437.49M
EBITDA Margin---6.70%8.91%12.75%18.13%23.83%26.48%19.61%19.35%17.21%18.99%17.71%20.81%24.18%27.79%34.25%-14.39%9.63%8.10%-21.91%-44.60%-6.61%10.16%-21.20%18.90%8.87%23.93%13.34%31.30%35.60%18.45%52.63%50.18%37.89%34.89%34.82%
Net Income12.50M11.70M-17.70M10.10M14.40M28.80M30.60M49.10M37.60M47.50M51.80M62.08M67.28M86.00M107.96M119.89M177.33M114.60M114.60M68.14M109.94M-275.19M-524.31M-82.23M29.78M-164.49M392.29M21.30M93.23M66.96M201.61M167.38M102.27M281.02M305.07M302.86M298.72M344.87M
Net Income Margin---8.78%5.30%8.34%16.32%15.42%19.12%13.14%14.61%13.65%15.44%13.10%15.11%18.04%18.27%23.64%23.13%10.14%5.49%9.15%-24.13%-58.81%-11.82%4.78%-26.98%63.08%3.50%14.60%10.79%30.15%22.91%13.28%31.86%31.98%26.96%25.04%27.45%
R&D-----------------------00000000-------
R&D as % of Total Revenue-----------------------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-------
Interest Expense00129.40M110.00M86.00M72.40M76.70M96.90M113.00M130.50M155.10M183.33M272.61M280.20M273.18M297.53M292.85M0635.27M738.23M599.02M477.53M371.01M266.10M176.07M130.84M115.88M103.30M101.17M96.87M99.58M108.82M92.66M64.78M67.32M226.38M287.67M254.22M
Interest Expense % of Total Revenue--64.22%57.68%49.83%41.02%38.64%37.73%39.50%40.14%40.87%45.61%53.10%49.22%45.64%45.34%39.05%0.00%56.19%59.46%49.85%41.87%41.61%38.24%28.28%21.46%18.63%17.00%15.84%15.61%14.89%14.89%12.03%7.34%7.06%20.15%24.12%20.23%

Balance Sheet

Currency: USD1988-12-311989-12-311990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets--1.91B1.90B1.89B1.91B2.17B2.43B2.82B3.33B4.02B4.72B5.92B8.20B9.64B12.67B15.62B19.92B19.92B17.19B19.49B19.63B15.69B13.13B13.10B12.66B12.73B12.57B11.92B12.26B12.24B12.61B18.79B20.79B18.63B18.91B19.29B19.13B
Total Liabilities--1.84B1.82B1.80B1.82B2.05B2.26B2.63B3.09B3.75B4.43B5.49B7.59B8.85B11.58B14.40B18.72B18.72B15.77B17.94B18.03B14.54B11.68B11.61B11.44B11.06B10.88B10.14B10.39B10.20B10.38B16.52B18.68B17.31B17.41B17.62B17.17B
Total Equity--64.40M74.10M88.60M92.80M120.00M171.20M191.10M236.40M270.40M294.90M434.46M602.92M798.42M1.09B1.20B1.20B1.20B1.42B1.55B1.60B1.06B1.44B1.49B1.22B1.67B1.69B1.79B1.87B2.04B2.23B2.28B2.10B1.33B1.50B1.67B1.97B
Cash--24.60M26.40M29.00M125.90M46.20M36.90M35.70M38.20M39.90M93.48M65.39M59.90M381.96M89.31M106.81M155.85M871.67M222.41M330.33M680.40M256.07M207.85M730.52M454.60M779.45M535.99M292.39M709.11M578.91M546.69M1.43B2.54B478.78M662.23M1.16B657.15M
Total Debt--487.10M408.40M421.90M401.00M538.10M700.60M889.70M1.46B1.93B1.80B2.07B3.43B3.25B4.65B6.30B916.32M5.75B4.46B4.74B5.21B2.31B1.65B1.85B1.43B1.69B1.48B1.56B1.22B1.07B854.15M923.76M398.73M933.89M661.70M561.70M364.37M
Net Debt--462.50M382.00M392.90M275.10M491.90M663.70M854.00M1.42B1.89B1.71B2.00B3.37B2.87B4.56B6.19B760.47M4.88B4.24B4.41B4.53B2.06B1.44B1.12B977.36M-222.49M945.51M1.26B514.53M495.32M307.46M-509.80M-2.16B455.12M-525.00K-597.01M-292.78M

Cash Flow

Currency: USD1990-12-311991-12-311992-12-311993-12-311994-12-311995-12-311996-12-311997-12-311998-12-311999-12-312000-12-312001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow13.50M29.70M-27.70M59.70M-114.00M212.60M66.40M85.50M95.50M115.15M118.07M157.38M191.39M182.26M158.89M366.97M279.41M60.29M175.91M243.25M237.17M156.92M228.85M341.69M264.35M261.89M199.43M235.96M288.32M294.28M297.74M399.72M440.49M362.96M404.15M445.07M
Investing Cash Flow-27.70M-83.50M54.70M-44.20M-106.50M-483.70M-428.00M-535.10M-727.80M-764.94M-1.22B-2.31B-567.54M-2.39B-3.05B--3.29B-136.62M-2.29B-381.79M3.02B2.33B305.08M-431.45M254.73M438.98M83.19M-73.26M-223.26M-342.97M-1.24B-1.26B-681.46M-78.45M136.23M-166.90M
Financing Cash Flow2.60M55.50M-24.40M-7.90M220.70M271.10M359.90M451.40M634.10M703.34M1.07B2.18B663.65M2.87B2.75B3.47B3.47B-113.54M2.14B436.89M-3.59B-2.41B-33.65M-201.42M-378.65M-744.52M-735.40M254.00M-195.26M106.58M1.79B1.91B-1.82B-101.85M-44.13M-778.98M
Capital Expenditure4.40M2.00M4.90M7.80M8.60M12.60M16.20M6.70M10.90M18.06M19.15M13.91M14.41M11.44M24.48M28.92M28.92M24.64M32.83M40.27M31.99M13.38M11.94M11.79M22.26M12.46M10.37M9.42M20.51M22.48M16.07M13.35M20.46M22.60M10.01M11.03M
Free Cash Flow9.10M27.70M-32.60M51.90M-122.60M200.00M50.20M79.60M84.60M97.09M98.92M143.47M176.98M170.82M134.41M338.05M250.49M35.65M143.08M202.98M205.18M143.55M216.91M329.90M242.09M249.44M189.06M226.55M267.81M271.81M281.67M386.37M420.03M340.36M394.14M434.03M
Dividends Paid1.20M----2.50M6.10M7.20M8.90M14.66M19.21M30.34M42.37M47.96M59.59M62.91M62.91M64.88M66.18M43.07M-26.39M00223.00K223.00K223.00K2.68M9.19M33.03M46.09M67.47M87.82M99.67M105.58M115.52M
FCF to OCF67.41%93.27%117.69%86.93%107.54%94.07%75.60%93.10%88.59%84.32%83.78%91.16%92.47%93.73%84.59%92.12%89.65%59.13%81.34%83.44%86.51%91.48%94.78%96.55%91.58%95.24%94.80%96.01%92.89%92.36%94.60%96.66%95.36%93.77%97.52%97.52%
Dividend Paid to FCF13.19%----1.25%12.15%9.05%10.52%15.10%19.42%21.15%23.94%28.08%44.34%18.61%25.12%181.99%46.25%21.22%-18.38%0.00%0.00%0.09%0.09%0.12%1.18%3.43%12.15%16.36%17.46%20.91%29.28%26.79%26.62%

Earnings

Report DateJul 12, 1995Oct 3, 1995Jan 11, 1996Mar 31, 1998Jun 30, 1998Sep 30, 1998Dec 31, 1998Mar 31, 1999Jul 8, 1999Oct 14, 1999Jan 24, 2000Mar 31, 2000Jun 30, 2000Oct 11, 2000Jan 16, 2001Apr 16, 2001Jul 12, 2001Sep 30, 2001Jan 15, 2002Apr 17, 2002Jul 16, 2002Oct 16, 2002Jan 16, 2003Apr 15, 2003Jul 16, 2003Oct 20, 2003Jan 21, 2004Apr 22, 2004Jul 22, 2004Oct 21, 2004Jan 27, 2005Apr 19, 2005Jul 19, 2005Oct 21, 2005Jan 26, 2006Apr 18, 2006Jul 18, 2006Oct 20, 2006Feb 1, 2007Apr 19, 2007Jul 9, 2007Nov 6, 2007Feb 6, 2008May 6, 2008Jul 23, 2008Oct 27, 2008Feb 3, 2009Apr 27, 2009Jul 30, 2009Oct 30, 2009Feb 1, 2010Apr 29, 2010Jul 28, 2010Oct 21, 2010Feb 9, 2011May 6, 2011Aug 8, 2011Oct 26, 2011Feb 1, 2012May 7, 2012Jul 31, 2012Oct 31, 2012Feb 5, 2013May 3, 2013Jul 24, 2013Oct 23, 2013Feb 3, 2014Apr 24, 2014Jul 29, 2014Oct 27, 2014Feb 5, 2015May 4, 2015Jul 29, 2015Oct 26, 2015Jan 28, 2016Apr 25, 2016Jul 26, 2016Oct 25, 2016Jan 26, 2017Apr 25, 2017Jul 28, 2017Nov 6, 2017Jan 29, 2018Apr 27, 2018Jul 25, 2018Oct 25, 2018Jan 29, 2019Apr 24, 2019Jul 23, 2019Oct 22, 2019Jan 28, 2020Apr 30, 2020Jul 28, 2020Oct 30, 2020Jan 29, 2021Apr 26, 2021Jul 23, 2021Oct 25, 2021Jan 26, 2022Apr 28, 2022Jul 22, 2022Oct 25, 2022Jan 27, 2023Apr 25, 2023Jul 27, 2023Oct 20, 2023Jan 24, 2024Apr 23, 2024Jul 23, 2024Oct 23, 2024Jan 23, 2025Apr 24, 2025Jul 22, 2025Oct 23, 2025Jan 27, 2026Apr 22, 2026Jul 22, 2026Oct 22, 2026
EPS Estimate1.431.551.63-----2.452.502.60--2.852.902.903.04-3.493.643.793.853.703.602.953.974.754.955.225.586.936.818.37-----3.67--1.203.301.200.651.752.002.22-0.87-5.14-6.24-9.00-4.20-10.44-5.91-0.34-2.12-2.40-1.68-0.08-0.03-0.030.040.100.090.090.100.110.100.110.120.110.100.110.090.080.080.100.100.090.100.110.110.050.090.130.160.160.170.190.200.190.170.070.150.220.240.240.270.320.330.360.400.400.350.350.380.360.380.400.410.410.430.460.490.510.510.540.58
EPS Actual1.501.581.631.052.232.392.292.392.452.502.552.652.732.802.852.953.193.343.553.643.753.823.903.374.124.574.875.475.407.057.127.808.551.31-6.30-1.143.912.99-3.002.29-1.201.050.151.801.952.401.351.05-15.45-28.35-9.60-18.30-15.75-0.90-8.24-1.66-0.96-1.61-0.08-0.040.050.110.11-0.020.080.090.090.120.120.110.140.08-0.150.070.060.120.100.080.100.120.120.130.130.140.140.160.200.170.180.200.19-0.030.100.100.270.310.360.370.360.410.380.400.400.390.390.460.460.440.460.450.460.470.500.630.550.570.62-
Surprise4.90%1.94%0.00%-----0.00%0.00%-1.92%---1.75%-1.72%1.72%4.93%-1.72%0.00%-1.06%-0.78%5.41%-6.39%39.66%15.11%2.53%10.51%3.45%26.34%2.74%14.54%2.15%------181.74%-0.00%-68.18%-87.50%176.92%11.43%20.00%-39.19%220.69%-200.58%-354.33%-6.67%-335.71%-50.86%84.77%-2323.53%21.70%60.00%4.17%0.00%-33.33%266.67%175.00%10.00%-122.22%-11.11%-10.00%-18.18%20.00%9.09%-8.33%27.27%-20.00%-236.36%-22.22%-25.00%50.00%0.00%-20.00%11.11%20.00%9.09%18.18%160.00%55.56%7.69%0.00%25.00%0.00%-5.26%0.00%0.00%-117.65%42.86%-33.33%22.73%29.17%50.00%37.04%12.50%24.24%5.56%0.00%0.00%11.43%11.43%21.05%27.78%15.79%15.00%9.76%12.20%9.30%8.70%28.57%7.84%11.76%14.81%-
Timing----------------After-hours-After-hoursPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketAfter-hoursPre-marketAfter-hoursAfter-hours-----Pre-market-Pre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketAfter-hoursPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap4.13B
Enterprise Value3.74B
Trailing P/E11.42
Forward P/E20.75
PEG Ratio4.15
Price / Sales4.33
Price / Book2.06
EPS2.37
Book Value13.04
Revenue (TTM)954.21M
Gross Profit (TTM)954.21M
Profit Margin39.04%
Operating Margin49.10%
Return on Equity19.49%
Return on Assets1.95%
Shares Outstanding152.67M
Shares Float147.83M
Beta0.79
Dividend Yield2.99%
Dividend Rate0.80
Payout Ratio32.91%

Analyst Ratings

Buy
Based on 6 analystsTarget 31.71
  • Strong Buy
    4
  • Hold
    2

Ownership Breakdown

Institutions
98.30%
Insiders
1.80%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    22.90M15.00%
  • Vanguard Portfolio Management, LLC
    13.00M8.52%
  • FMR Inc
    9.67M6.33%
  • State Street Corp
    8.44M5.53%
  • Dimensional Fund Advisors, Inc.
    7.92M5.19%
  • Vanguard Capital Management, LLC
    6.98M4.57%
  • American Century Companies Inc
    6.04M3.95%
  • First Trust Advisors L.P.
    4.94M3.24%
  • Geode Capital Management, LLC
    4.75M3.11%
  • AllianceBernstein L.P.
    3.98M2.60%
  • T. Rowe Price Associates, Inc.
    3.79M2.48%
  • LSV Asset Management
    3.29M2.16%
  • Arrowstreet Capital Limited Partnership
    2.66M1.74%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    9.35M6.12%
  • Vanguard MStar Total Stk Mkt Idx Invest
    4.94M3.23%
  • Avantis US Small Cap Value ETF
    4.56M2.99%
  • First Trust SMID Cp Rising Div Achv ETF
    4.34M2.84%
  • iShares Russell 2000 ETF
    3.91M2.56%
  • Vanguard Small Cap Index
    3.56M2.33%
  • Fidelity Stock Selector Small Cap
    2.95M1.93%

Dividends

20263×
0.20Aug 27, 20260.20May 28, 20260.20Feb 26, 2026
20254×
0.18Nov 28, 20250.18Aug 28, 20250.18May 29, 20250.18Feb 21, 2025
20244×
0.16Nov 29, 20240.16Aug 29, 20240.16May 30, 20240.16Feb 22, 2024
20234×
0.14Nov 22, 20230.14Aug 23, 20230.14May 23, 20230.14Feb 23, 2023
20224×
0.12Nov 23, 20220.12Aug 24, 20220.12May 24, 20220.10Feb 24, 2022
20214×
0.10Nov 24, 20210.07Aug 25, 20210.07May 25, 20210.07Feb 25, 2021
20201×
0.05Nov 25, 2020

Stock Splits

  • Jan 7, 20111:15
  • Jul 1, 20052:1
  • Oct 1, 20023:2
  • Jun 1, 19982:1
  • Jun 12, 19953:2
  • Nov 16, 19933:2
  • Mar 1, 19933:2