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

17.71USD+0.55 (+3.21%)Market Closed

Market Summary

USD17.71+0.55

Market Closed

3.21%

FBP Alerts

1 major insider sales recently.

FBP Stock Price

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FBP RSI Chart

FBP Valuation

Market Cap

2.9B

Price/Earnings (Trailing)

9.48

Price/Sales (Trailing)

2.81

EV/EBITDA

1.85

Price/Free Cashflow

8.44

FBP Price/Sales (Trailing)

FBP Profitability

EBT Margin

38.83%

Return on Equity

20.22%

Return on Assets

1.6%

Free Cashflow Yield

11.85%

FBP Fundamentals

FBP Revenue

Revenue (TTM)

1.0B

Rev. Growth (Yr)

13.72%

Rev. Growth (Qtr)

0.79%

FBP Earnings

Earnings (TTM)

302.9M

Earnings Growth (Yr)

8.63%

Earnings Growth (Qtr)

-3.09%

Breaking Down FBP Revenue

Last 7 days

5.3%

Last 30 days

1.8%

Last 90 days

5.9%

Trailing 12 Months

51.3%

How does FBP drawdown profile look like?

FBP Financial Health

FBP Investor Care

Dividend Yield

3.26%

Dividend/Share (TTM)

0.56

Buy Backs (1Y)

7.35%

Diluted EPS (TTM)

1.71

Historical Charts for Stock Metrics

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

Net sales

Year	Q1	Q2	Q3	Q4
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

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

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.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

Try For Just $1.99

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

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
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
Mar 31, 2024	mcdonald michael	sold (taxes)	-68,388	17.54	-3,899	evp

Which funds bought or sold FBP recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 23, 2024	Louisiana State Employees Retirement System	reduced	-3.36	43,201	1,462,840	0.03%
Apr 23, 2024	FIFTH THIRD BANCORP	added	8.98	1,336	9,577	-%
Apr 23, 2024	AMALGAMATED BANK	reduced	-19.29	-150,000	928,000	0.01%
Apr 23, 2024	WEDGE CAPITAL MANAGEMENT L L P/NC	new	-	1,155,460	1,155,460	0.02%
Apr 22, 2024	Rosenberg Matthew Hamilton	unchanged	-	266	5,349	-%
Apr 22, 2024	FOUNDERS CAPITAL MANAGEMENT, LLC	unchanged	-	28,340	456,040	0.08%
Apr 22, 2024	MetLife Investment Management, LLC	reduced	-4.61	210,617	1,481,170	0.01%
Apr 22, 2024	Byrne Asset Management LLC	unchanged	-	770	19,294	0.01%
Apr 19, 2024	FCG Investment Co	added	91.94	257,756	504,029	0.40%
Apr 19, 2024	Maryland State Retirement & Pension System	reduced	-3.24	-41,282	990,347	0.02%

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
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
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	553.3B	171.1B	-2.31%	36.49%	11.17	3.23	60.72%	31.52%
BAC	302.1B	130.3B	3.56%	28.93%	11.39	2.32	79.51%	-3.68%
WFC	218.1B	85.7B	6.72%	47.09%	11.39	2.55	41.49%	39.96%
C	119.7B	133.3B	3.01%	27.78%	12.98	0.9	79.09%	-
CFG	16.0B	10.2B	-0.51%	22.27%	9.98	1.57	44.53%	-22.43%
KEY	13.8B	7.9B	-2.00%	32.35%	14.22	1.74	46.47%	-49.56%
MID-CAP
CMA	7.0B	4.2B	1.92%	23.45%	7.92	1.67	56.25%	-23.46%
ZION	6.2B	3.9B	2.71%	47.68%	9.1	1.57	45.91%	-25.03%
ABCB	3.3B	1.3B	1.85%	41.72%	12.28	2.58	43.24%	-22.35%
ASB	3.2B	2.0B	3.40%	20.85%	17.57	1.64	70.97%	-50.03%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
ALRS	414.1M	164.9M	-1.69%	36.50%	35.41	2.51	42.66%	-70.76%
AROW	383.2M	162.6M	-4.81%	4.19%	12.74	2.36	25.39%	-38.37%
ACNB	291.3M	96.6M	-3.52%	8.70%	9.19	3.01	11.02%	-11.37%
ASRV	45.1M	60.9M	-2.56%	-9.83%	-13.48	0.74	24.06%	-144.92%

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	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	0.8%	265	263	252	242	233	223	209	198	198	200	201	195	199	170	159	165	168	172	170	166	162
Operating Expenses	2.5%	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	3.00
EBITDA Margin	-5.5%	1.17*	1.24*	1.29*	1.36*	1.44*	1.49*	1.51*	1.54*	1.49*	-	-	1.20*	1.06*	1.03*	1.09*	1.13*	1.22*	-	-	-	-
Interest Expenses	-1.5%	197	200	200	201	206	208	196	186	184	185	185	176	178	149	135	139	140	144	143	140	138
Income Taxes	-80.1%	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	19.00
Earnings Before Taxes	-22.1%	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	60.00
EBT Margin	-8.1%	0.39*	0.42*	0.44*	0.47*	0.52*	0.55*	0.57*	0.58*	0.54*	0.48*	0.38*	0.29*	-	-	-	-	-	-	-	-	-
Net Income	-3.1%	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	101
Net Income Margin	-1.1%	0.30*	0.30*	0.30*	0.32*	0.35*	0.37*	0.38*	0.38*	0.35*	0.32*	0.28*	0.22*	-	-	-	-	-	-	-	-	-
Free Cashflow	-32.6%	77.00	114	37.00	114	101	112	100	108	94.00	76.00	107	109	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	1.7%	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	12,244
Cash Equivalents	13.4%	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	586
Net PPE	-1.8%	142	145	147	138	143	143	145	146	146	150	153	155	158	160	148	150	150	151	149	147	148
Goodwill	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	34.00	-	-	28.00	-	-	-	-
Liabilities	0.7%	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	10,199
Shareholder's Equity	14.9%	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	940
Retained Earnings	3.1%	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	1,088
Additional Paid-In Capital	0.2%	966	964	962	960	971	969	589	687	973	799	847	945	946	945	944	943	942	941	940	939	940
Shares Outstanding	-2.9%	169	174	180	180	183	186	192	199	202	206	211	219	-	-	-	-	-	-	-	-	-
Float	-	-	-	2,096	-	-	-	2,373	-	-	-	2,418	-	-	-	1,174	-	-	-	2,332	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	-32.4%	79,240	117,267	51,041	115,415	105,733	115,144	104,774	114,834	96,166	79,029	111,848	112,678	127,104	48,235	30,867	91,532	58,600	78,543	74,159	82,982	74,500
Share Based Compensation	0%	1,901	1,901	1,922	2,075	1,413	1,414	1,398	1,182	1,360	1,346	1,339	1,415	1,263	1,412	1,300	1,142	952	988	991	1,018	904
Cashflow From Investing	-1179.7%	-95,981	-7,500	-25,504	50,535	-173,276	49,508	-224,700	-332,992	219,620	-47,586	-666,916	-768,093	-1,150,745	817,220	-799,720	-105,620	-424,058	213,735	-27,774	-104,871	-83,312
Cashflow From Financing	116.6%	94,992	-572,388	198,396	177,146	-6,942	-873,185	-312,800	-628,651	-430,901	-162,039	1,825,673	679,746	47,967	302,569	982,621	457,704	33,620	-56,634	104,333	25,261	-61,757
Dividend Payments	-3.3%	23,841	24,667	26,026	25,132	22,058	22,445	23,594	19,727	20,289	14,420	15,128	15,184	10,855	10,843	10,881	10,837	10,842	6,475	6,501	6,538	6,517
Buy Backs	3.6%	76,323	73,701	-	53,217	50,513	74,543	100,000	52,713	64,422	50,296	99,429	2,375	4.00	-	-	198	500*	53.00	23.00	1,882	46.00

FBP Income Statement

2023-12-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Interest and dividend income:
Loans	$ 890,562	$ 747,901	$ 719,153
Investment securities	102,505	102,922	72,893
Money market investments and interest-bearing cash accounts	30,419	11,791	2,662
Total interest and dividend income	1,023,486	862,614	794,708
Interest expense:
Deposits	185,461	46,361	41,482
Advances from the FHLB:
Short-term	4,811	1,475	0
Long-term	19,797	3,661	8,199
Other short-term borrowings	3	16	0
Other long-term borrowings	13,535	8,253	5,135
Total interest expense	226,376	67,321	64,779
Net interest income	797,110	795,293	729,929
Provision for credit losses - expense (benefit):
Financing Receivable Excluding Accrued Interest Credit Loss Expense (Reversal)	66,644	25,679	(61,720)
Unfunded loan commitments	365	2,736	(3,568)
Debt securities	(6,069)	(719)	(410)
Provision for credit losses - expense (benefit)	60,940	27,696	(65,698)
Net interest income after provision for credit losses	736,170	767,597	795,627
Non-interest income:
Service charges and fees on deposit accounts	38,042	37,823	35,284
Mortgage banking activities	10,587	15,260	24,998
Gain on early extinguishment of debt	1,605	0	0
Insurance commission income	12,763	13,743	11,945
Card and processing income	43,909	40,416	36,508
Other non-interest income	25,788	15,850	12,429
Total non-interest income	132,694	123,092	121,164
Non-interest expenses:
Employees' compensation and benefits	222,855	206,038	200,457
Occupancy and equipment	85,911	88,277	93,253
Business promotion	19,626	18,231	15,359
Professional service fees	45,841	47,848	59,956
Taxes, other than income taxes	21,236	20,267	22,151
Federal Deposit Insurance Corporation (FDIC) deposit insurance	14,873	6,149	6,544
Net gain on OREO operations	(7,138)	(5,826)	(2,160)
Credit and debit card processing expenses	25,997	22,736	22,169
Communications	8,561	8,723	9,387
Merger and restructuring costs	0	0	26,435
Other non-interest expenses	33,666	30,662	35,423
Total non-interest expenses	471,428	443,105	488,974
Income before income taxes	397,436	447,584	427,817
Income tax expense	94,572	142,512	146,792
Net income	302,864	305,072	281,025
Net income attributable to common stockholders	$ 302,864	$ 305,072	$ 277,338
Net income per common share:
Basic	$ 1.72	$ 1.60	$ 1.32
Diluted	$ 1.71	$ 1.59	$ 1.31
Short-term Debt [Member]
Interest expense:
Securities sold under agreements to repurchase	$ 2,769	$ 1,017	$ 0
Long-term Debt [Member]
Interest expense:
Securities sold under agreements to repurchase	$ 0	$ 6,538	$ 9,963

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 Tue Apr 23 2024, market cap of First BanCorp-Puerto Rico is 2.87 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 Tue Apr 23 2024, FBP's PE ratio (Price to Earnings) is 9.48 and Price to Sales (PS) ratio is 2.81. 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 0.142 (multiply by 100 for percentage) rate of return.