FBP - First BanCorp-Puerto Rico Stock Price, Fair Value and News

18.09USD+0.04 (+0.22%)Market Closed

Market Summary

USD18.09+0.04

Market Closed

0.22%

FBP Alerts

1 major insider sales recently.

FBP Stock Price

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FBP RSI Chart

FBP Valuation

Market Cap

3.0B

Price/Earnings (Trailing)

9.85

Price/Sales (Trailing)

2.87

EV/EBITDA

1.96

Price/Free Cashflow

8.84

FBP Price/Sales (Trailing)

FBP Profitability

EBT Margin

37.37%

Return on Equity

20.65%

Return on Assets

1.62%

Free Cashflow Yield

11.32%

FBP Fundamentals

FBP Revenue

Revenue (TTM)

1.0B

Rev. Growth (Yr)

10.77%

Rev. Growth (Qtr)

1.14%

FBP Earnings

Earnings (TTM)

305.6M

Earnings Growth (Yr)

3.9%

Earnings Growth (Qtr)

-7.59%

Breaking Down FBP Revenue

Last 30 days

11.1%

Last 90 days

Trailing 12 Months

56.5%

How does FBP drawdown profile look like?

FBP Financial Health

FBP Investor Care

Dividend Yield

3.1%

Dividend/Share (TTM)

0.56

Buy Backs (1Y)

7.43%

Diluted EPS (TTM)

1.76

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	1.0B	0	0	0
2023	907.2M	950.7M	991.5M	1.0B
2022	797.9M	805.1M	827.6M	862.6M
2021	722.4M	765.2M	795.0M	794.7M
2020	674.7M	663.8M	661.9M	693.0M
2019	642.0M	655.9M	670.7M	675.9M
2018	592.6M	600.9M	610.4M	625.0M
2017	579.7M	580.1M	584.6M	588.4M
2016	685.2M	680.5M	674.3M	585.3M
2015	687.2M	680.4M	673.6M	686.9M
2014	630.6M	628.4M	622.9M	695.3M
2013	5.1B	5.1B	5.1B	5.1B
2012	5.1B	5.1B	5.1B	5.0B
2011	792.6M	741.2M	695.7M	767.6M
2010	0	941.9M	887.3M	832.7M
2009	0	0	0	996.6M

Get all data in R, Python etc through our Historical Stock Data APIs

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Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

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Very Expensive Stocks

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Tracking the Latest Insider Buys and Sells of First BanCorp-Puerto Rico

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 01, 2024	berges gonzalez orlando	sold	-1,343,900	17.9187	-75,000	evp and cfo
Mar 31, 2024	kafka donald	acquired	-	-	12,211	evp and coo
Mar 31, 2024	rivera nayda	acquired	-	-	12,655	evp and cro
Mar 31, 2024	aleman aurelio	sold (taxes)	-616,847	17.54	-35,168	president and ceo
Mar 31, 2024	berges gonzalez orlando	sold (taxes)	-100,487	17.54	-5,729	evp and cfo
Mar 31, 2024	berges gonzalez orlando	acquired	-	-	11,989	evp and cfo
Mar 31, 2024	alvarez-cabrero sara	sold (taxes)	-19,802	17.54	-1,129	evp, general counsel
Mar 31, 2024	pancham cassan	sold (taxes)	-72,598	17.54	-4,139	evp
Mar 31, 2024	eaves patricia	acquired	39,991	17.54	2,280	-
Mar 31, 2024	lacasa jose maria	sold (taxes)	-23,293	17.54	-1,328	evp

Which funds bought or sold FBP recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 16, 2024	CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	reduced	-8.58	-78,164	3,018,060	-%
May 16, 2024	JANE STREET GROUP, LLC	reduced	-51.22	-1,664,170	1,803,660	-%
May 15, 2024	Alpine Global Management, LLC	sold off	-100	-182,825	-	-%
May 15, 2024	TWINBEECH CAPITAL LP	sold off	-100	-1,164,330	-	-%
May 15, 2024	BANK OF AMERICA CORP /DE/	added	158	19,226,800	30,184,400	-%
May 15, 2024	Quarry LP	new	-	23,118	23,118	-%
May 15, 2024	CAPTRUST FINANCIAL ADVISORS	sold off	-100	-327,819	-	-%
May 15, 2024	Teza Capital Management LLC	added	282	540,681	716,597	0.10%
May 15, 2024	VOLORIDGE INVESTMENT MANAGEMENT, LLC	new	-	1,624,990	1,624,990	0.01%
May 15, 2024	Tower Research Capital LLC (TRC)	reduced	-66.62	-146,093	80,736	-%

Are Funds Buying or Selling FBP?

Are funds buying FBP calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own FBP

No. of Funds

FBP Alerts

1 major insider sales recently.

Unveiling First BanCorp-Puerto Rico's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	alliancebernstein l.p.	5.0%	8,588,614	SC 13G/A
Feb 14, 2024	alliancebernstein l.p.	5.0%	8,588,614	SC 13G/A
Feb 13, 2024	vanguard group inc	12.73%	21,965,856	SC 13G/A
Feb 12, 2024	american century investment management inc	4.80%	8,287,212	SC 13G/A
Feb 09, 2024	fmr llc	-	0	SC 13G
Feb 09, 2024	dimensional fund advisors lp	5.9%	10,096,761	SC 13G/A
Jan 24, 2024	state street corp	5.32%	9,173,043	SC 13G/A
Jan 22, 2024	blackrock inc.	14.7%	25,351,160	SC 13G/A
Feb 14, 2023	alliancebernstein l.p.	6.0%	11,125,510	SC 13G
Feb 13, 2023	alliancebernstein l.p.	6.0%	11,125,510	SC 13G

Recent SEC filings of First BanCorp-Puerto Rico

View All Filings

Date Filed	Form Type	Document
May 09, 2024	10-Q	Quarterly Report
May 03, 2024	4	Insider Trading
Apr 23, 2024	8-K	Current Report
Apr 22, 2024	4/A	Insider Trading
Apr 11, 2024	4/A	Insider Trading
Apr 08, 2024	ARS	ARS
Apr 08, 2024	DEF 14A	DEF 14A
Apr 08, 2024	DEFA14A	DEFA14A
Apr 02, 2024	4	Insider Trading
Apr 02, 2024	4	Insider Trading

Peers (Alternatives to First BanCorp-Puerto Rico)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	588.1B	174.7B	13.73%	46.82%	11.68	3.37	53.11%	19.83%
BAC	307.4B	137.9B	11.58%	38.08%	12.28	2.23	56.12%	-12.56%
WFC	213.0B	85.8B	6.86%	51.95%	11.35	2.48	35.02%	26.14%
C	122.2B	125.0B	10.16%	38.13%	15.29	0.98	37.85%	-
CFG	16.9B	10.4B	12.51%	41.04%	11.81	1.62	26.22%	-33.87%
KEY	14.5B	8.1B	6.72%	53.23%	16.61	1.78	32.15%	-50.93%
MID-CAP
CMA	7.3B	4.2B	10.08%	41.38%	10.46	1.71	34.68%	-45.96%
ZION	6.6B	4.1B	14.23%	65.05%	10.55	1.63	32.93%	-30.73%
ABCB	3.5B	1.3B	13.35%	57.95%	12.32	2.65	30.60%	-12.99%
ASB	3.4B	2.0B	11.57%	43.03%	20.88	1.65	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	417.1M	173.1M	15.06%	27.00%	14.3	2.41	26.54%	-34.86%
ALRS	390.4M	152.4M	-0.90%	32.84%	39.27	2.56	16.94%	-73.84%
ACNB	295.5M	98.7M	10.19%	20.01%	10.04	2.99	6.27%	-22.90%
ASRV	48.0M	62.5M	8.95%	-1.75%	-16.24	0.77	18.83%	-145.18%

First BanCorp-Puerto Rico News

Latest updates

First BanCorp-Puerto Rico Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	1.1%	269	265	263	252	242	233	223	209	198	198	200	201	195	199	170	159	165	168	172	170	166
Operating Expenses	-100.0%	-	4.00	4.00	4.00	4.00	3.00	3.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	2.00	3.00	3.00	3.00	3.00	3.00
EBITDA Margin	-3.3%	1.13*	1.17*	1.25*	1.31*	1.38*	1.46*	1.51*	1.53*	1.53*	1.48*	1.41*	1.30*	-	-	-	-	-	-	-	-	-
Interest Expenses	-0.1%	197	197	200	200	201	206	208	196	186	184	185	185	176	178	149	135	139	140	144	143	140
Income Taxes	345.3%	24.00	5.00	27.00	30.00	32.00	33.00	32.00	34.00	43.00	42.00	37.00	40.00	28.00	15.00	-4.40	6.00	-3.00	17.00	19.00	18.00	18.00
Earnings Before Taxes	14.8%	97.00	85.00	109	101	103	107	107	109	126	115	113	111	89.00	66.00	24.00	27.00	-0.70	54.00	66.00	59.00	61.00
EBT Margin	-3.8%	0.37*	0.39*	0.42*	0.44*	0.47*	0.52*	0.55*	0.57*	0.58*	0.54*	0.48*	0.38*	-	-	-	-	-	-	-	-	-
Net Income	-7.6%	73.00	79.00	82.00	71.00	71.00	73.00	75.00	75.00	83.00	74.00	76.00	71.00	61.00	50.00	29.00	21.00	2.00	36.00	46.00	41.00	43.00
Net Income Margin	-1.6%	0.29*	0.30*	0.30*	0.30*	0.32*	0.35*	0.37*	0.38*	0.38*	0.35*	0.32*	0.28*	-	-	-	-	-	-	-	-	-
Free Cashflow	49.0%	114	77.00	114	37.00	114	101	112	100	108	94.00	76.00	107	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-0.1%	18,891	18,910	18,595	19,152	18,977	18,634	18,442	19,532	19,929	20,785	21,256	21,370	19,414	18,793	18,660	14,096	13,048	12,611	12,531	12,537	12,377
Cash Equivalents	3.2%	685	663	585	1,048	824	481	481	1,264	1,696	2,543	2,658	2,789	1,518	1,494	2,470	1,301	1,088	644	976	740	590
Net PPE	-0.4%	141	142	145	147	138	143	143	145	146	146	150	153	155	158	160	148	150	150	151	149	147
Goodwill	0.0%	39.00	39.00	39.00	39.00	39.00	39.00	39.00	39.00	39.00	39.00	39.00	39.00	39.00	39.00	34.00	-	-	28.00	-	-	-
Liabilities	0.0%	17,411	17,412	17,292	17,754	17,572	17,309	17,177	17,974	18,148	18,684	19,058	19,165	17,193	16,518	16,434	11,882	10,848	10,383	10,330	10,384	10,276
Shareholder's Equity	-1.2%	1,480	1,498	1,303	1,733	1,406	1,326	1,265	1,558	1,490	2,102	2,198	22.00	945	55.00	2,225	22.00	36.00	960	2,201	940	2,100
Retained Earnings	2.5%	1,893	1,846	1,791	1,733	1,688	1,644	1,593	1,541	1,490	1,427	1,376	1,315	1,260	1,215	1,177	1,160	1,150	1,222	1,197	1,158	1,124
Additional Paid-In Capital	-0.7%	959	966	964	962	960	971	969	589	687	973	799	847	945	946	945	944	943	942	941	940	939
Shares Outstanding	-1.5%	167	169	174	180	180	183	186	192	199	202	206	211	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	2,096	-	-	-	2,373	-	-	-	2,418	-	-	-	1,174	-	-	-	2,332	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	49.2%	118	79.00	117	51.00	115	106	115	105	115	96.00	79.00	112	113	127	48.00	31.00	92.00	59.00	79.00	74.00	83.00
Share Based Compensation	53.9%	3.00	2.00	2.00	2.00	2.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00
Cashflow From Investing	141.3%	40.00	-95.98	-7.50	-25.50	51.00	-173	50.00	-224	-332	220	-47.59	-666	-768	-1,150	817	-799	-105	-424	214	-27.77	-104
Cashflow From Financing	-243.8%	-136	95.00	-572	198	177	-6.94	-873	-312	-628	-430	-162	1,826	680	48.00	303	983	458	34.00	-56.63	104	25.00
Dividend Payments	-100.0%	-	24.00	25.00	26.00	25.00	22.00	22.00	24.00	20.00	20.00	14.00	15.00	15.00	11.00	11.00	11.00	11.00	11.00	6.00	7.00	7.00
Buy Backs	-31.4%	52.00	76.00	74.00	-	53.00	51.00	75.00	100	53.00	64.00	50.00	99.00	2.00	0.00	-	-	0.00	500*	0.00	0.00	2.00

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FBP Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Interest and dividend income:
Loans	$ 237,129	$ 210,636
Investment securities	24,122	27,110
Money market investments and interest-bearing cash accounts	7,254	4,650
Total interest and dividend income	268,505	242,396
Interest expense:
Deposits	63,025	29,885
Short-term securities sold under agreements to repurchase	0	1,069
Advances from the FHLB:
Short-term advances from the FHLB	0	4,341
Long-term advances from FHLB	5,610	2,835
Other long-term borrowings	3,350	3,381
Total interest expense	71,985	41,511
Net interest income	196,520	200,885
Provision for credit losses - expense (benefit):
Loans and finance leases	12,917	16,256
Unfunded loan commitments	281	(105)
Debt securities	(1,031)	(649)
Provision for credit losses - expense	12,167	15,502
Net interest income after provision for credit losses	184,353	185,383
Non-interest income:
Service charges and fees on deposit accounts	9,662	9,541
Mortgage banking activities	2,882	2,812
Insurance commission income	5,507	4,847
Card and processing income	11,312	10,918
Other non-interest income	4,620	4,400
Total non-interest income	33,983	32,518
Non-interest expenses:
Employees' compensation and benefits	59,506	56,422
Occupancy and equipment	21,381	21,186
Business promotion	3,842	3,975
Professional service fees	12,676	11,973
Taxes, other than income taxes	5,129	5,112
FDIC deposit insurance	3,102	2,133
Net gain on OREO operations	(1,452)	(1,996)
Credit and debit card processing expenses	5,751	5,318
Communications	2,097	2,216
Other non-interest expenses	8,891	8,929
Total non-interest expenses	120,923	115,268
Income before income taxes	97,413	102,633
Income tax expense	23,955	31,935
Net income	73,458	70,698
Net income attributable to common stockholders	$ 73,458	$ 70,698
Net income per common share:
Basic	$ 0.44	$ 0.39
Diluted	$ 0.44	$ 0.39

About First BanCorp-Puerto Rico

First BanCorp. operates as a bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to consumers and commercial customers. 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, as well as 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 loans, finance leases, boat and personal loans, credit card loans, and lines of credit; and interest-bearing and non-interest-bearing checking and savings accounts, and individual retirement accounts and retail certificates of deposit (CDs), as well as 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, residential mortgages, home equity loans, lines of credit, FHLB advances, and brokered CDs; and internet banking, cash management, remote deposit capture, and automated clearing house transactions services. The Virgin Islands Operations segment is involved in consumer, commercial lending, and deposit-taking activities. First BanCorp. was founded in 1948 and is headquartered in San Juan, Puerto Rico.

CEO	Mr. Aurelio Aleman-Bermudez
WEBSITE	1firstbank.com
INDUSTRY	Banks Diversified
EMPLOYEES	3133

First BanCorp-Puerto Rico Frequently Asked Questions

What is the ticker symbol for First BanCorp-Puerto Rico? What does FBP stand for in stocks?

FBP is the stock ticker symbol of First BanCorp-Puerto Rico. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of First BanCorp-Puerto Rico (FBP)?

As of Fri May 17 2024, market cap of First BanCorp-Puerto Rico is 3.01 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of FBP stock?

You can check FBP's fair value in chart for subscribers.

What is the fair value of FBP stock?

You can check FBP's fair value in chart for subscribers. The fair value of First BanCorp-Puerto Rico is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of First BanCorp-Puerto Rico is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for FBP so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is First BanCorp-Puerto Rico a good stock to buy?

The fair value guage provides a quick view whether FBP is over valued or under valued. Whether First BanCorp-Puerto Rico is cheap or expensive depends on the assumptions which impact First BanCorp-Puerto Rico's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for FBP.

What is First BanCorp-Puerto Rico's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri May 17 2024, FBP's PE ratio (Price to Earnings) is 9.85 and Price to Sales (PS) ratio is 2.87. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. FBP PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on First BanCorp-Puerto Rico's stock?

In the past 10 years, First BanCorp-Puerto Rico has provided 0.152 (multiply by 100 for percentage) rate of return.