First BanCorp - Puerto Rico (FBP)

NYSE: FBP · IEX Real-Time Price · USD
13.61
-0.03 (-0.22%)
May 20, 2022 4:00 PM EDT - Market closed
Market Cap2.69B
Revenue (ttm)926.60M
Net Income (ttm)299.46M
Shares Out197.51M
EPS (ttm)1.44
PE Ratio9.45
Forward PEn/a
Dividend$0.39 (2.87%)
Ex-Dividend DateMay 24, 2022
Volume1,905,748
Open13.68
Previous Close13.64
Day's Range13.26 - 13.92
52-Week Range10.88 - 16.62
Beta1.10
AnalystsBuy
Price Target23.29 (+71.1%)
Earnings DateApr 28, 2022

About FBP

First BanCorp. operates as the bank holding company for FirstBank Puerto Rico that provides a range of financial services to retail, commercial, and institutional clients. The company operates in 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 real estate and construction loans, floor plan financing, and cash and business management services. The Mortgage B...

IndustryBanks
Founded1948
Employees3,075
Stock ExchangeNYSE
Ticker SymbolFBP
Full Company Profile

Financial Performance

In 2021, FBP's revenue was $916.79 million, an increase of 69.60% compared to the previous year's $540.56 million. Earnings were $277.34 million, an increase of 178.46%.

Financial Statements

Analyst Forecast

According to 10 analysts, the average rating for FBP stock is "Buy." The 12-month stock price forecast is 23.29, which is an increase of 71.12% from the latest price.

Price Target
$23.29
(71.12% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Best Income Stocks to Buy for May 13th

KMI, FBP, and BSAC made it to the Zacks Rank #1 (Strong Buy) income stocks list on May 13, 2022.

Other symbols:BSACKMI
1 week ago - Zacks Investment Research

First Bancorp (FBP) Surpasses Q1 Earnings and Revenue Estimates

First Bancorp (FBP) delivered earnings and revenue surprises of 28.13% and 1.62%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

3 weeks ago - Zacks Investment Research

First BanCorp. Announces Earnings for the Quarter Ended March 31, 2022

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp. (the “Corporation” or “First BanCorp.”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico (“FirstBank” or “the Bank”), today reported...

3 weeks ago - Business Wire

First BanCorp Announces a New $350 Million Stock Repurchase Program and a 20% Quarterly Dividend Increase

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp. (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors approved the follo...

3 weeks ago - Business Wire

Is First BanCorp. (FBP) a Great Value Stock Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

3 weeks ago - Zacks Investment Research

First BanCorp Announces the Release of Its Inaugural Environmental, Social, and Governance Report

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced the release of its inaugural Environmental, Social an...

4 weeks ago - Business Wire

First Bancorp (FBP) Earnings Expected to Grow: Should You Buy?

First Bancorp (FBP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

4 weeks ago - Zacks Investment Research

First Bancorp to Announce 1Q 2022 Results on April 28, 2022

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that it expects to report its financial results...

1 month ago - Business Wire

7 Dependable Dividend Stocks for a Restful Retirement

In this kind of market your best course of action isn't to bottom fish growth stocks that have cooled, it's to find quality dividend stocks. The post 7 Dependable Dividend Stocks for a Restful Retiremen...

Other symbols:ARESDVNEXRFLONSAOCSL
3 months ago - InvestorPlace

7 Dependable Dividend Stocks for Your Retirement

A key part of building a bulletproof long-term portfolio is making sure that along with growth stocks you have dependable dividend stocks. The post 7 Dependable Dividend Stocks for Your Retirement appea...

Other symbols:BXGEFGLPHPQKRNYNSA
3 months ago - InvestorPlace

First BanCorp. Declares Quarterly Cash Dividend on Common Stock

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp. (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a qua...

3 months ago - Business Wire

First BanCorp. Announces Earnings for the Quarter and Year Ended December 31, 2021

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp. (the “Corporation” or “First BanCorp.”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico (“FirstBank” or “the Bank”), today reported...

3 months ago - Business Wire

First BanCorp to Announce 4Q 2021 Results on January 26, 2022

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that it expects to report its financial results...

4 months ago - Business Wire

Top 5 Stocks to Buy as New Analysts Initiate Coverage

Increased analyst coverage over the past few weeks may lead to solid price appreciation for stocks like Beazer Homes (BZH), AdvanSix (ASIX), BM Technologies (BMTX), First BanCorp. (FBP) and Walker & Dun...

Other symbols:ASIXBMTXBZHWD
5 months ago - Zacks Investment Research

Analysts Initiate Coverage: Top 5 Stocks to Buy for Higher Returns

Increased analyst coverage over the past few weeks may lead to solid price appreciation for stocks like Skyline (SKY), Beazer Homes (BZH), AdvanSix (ASIX), First BanCorp (FBP) and BrightSphere (BSIG).

Other symbols:ASIXBSIGBZHSKY
6 months ago - Zacks Investment Research

7 Stocks to Buy With Stacks of Free Cash Flow

These are solid stocks to buy now because each has plenty of flexibility thanks to their stacks of free cash flow. The post 7 Stocks to Buy With Stacks of Free Cash Flow appeared first on InvestorPlace.

Other symbols:ASOATKRCOOPCROXLPXSIG
6 months ago - InvestorPlace

First BanCorp. Announces Payment of Dividends on Preferred Stock

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp. (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared the f...

6 months ago - Business Wire

FBP or SNV: Which Is the Better Value Stock Right Now?

FBP vs. SNV: Which Stock Is the Better Value Option?

Other symbols:SNV
6 months ago - Zacks Investment Research

First BanCorp. Announces Earnings for the Quarter Ended September 30, 2021

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp. (the “Corporation” or “First BanCorp.”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico (“FirstBank” or “the Bank”), today reported...

6 months ago - Business Wire

First BanCorp. Increases Quarterly Common Stock Cash Dividend By 43%

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp. (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a qua...

6 months ago - Business Wire

First BanCorp. Announces Redemption of All Outstanding Series A Through E Preferred Stock

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp. (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that it has elected to redeem the following ou...

6 months ago - Business Wire

Banesco USA Names Calixto (Cali) Garcia-Velez as New President and CEO

MIAMI, Oct. 14, 2021 /PRNewswire/ -- Banesco USA 's Board of Directors ("Board") announces that Mario Oliva will step down as President and Chief Executive Officer, effective October 12, 2021, to pursue...

7 months ago - PRNewsWire

Should Value Investors Buy These Bank Stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest v...

Other symbols:CUBI
7 months ago - Zacks Investment Research

First BanCorp. to Announce 3Q 2021 Results on October 25, 2021

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp. (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that it expects to report its financial result...

7 months ago - Business Wire

5 Must-Have Breakout Stocks for Impressive Returns

CMRE, FBP, WSR, JMP, and BCBP qualified the screen for breakout stocks for today.

Other symbols:BCBPCMREWSR
9 months ago - Zacks Investment Research