First BanCorp - Puerto Rico (FBP)
| Market Cap | 2.69B |
| Revenue (ttm) | 926.60M |
| Net Income (ttm) | 299.46M |
| Shares Out | 197.51M |
| EPS (ttm) | 1.44 |
| PE Ratio | 9.45 |
| Forward PE | n/a |
| Dividend | $0.39 (2.87%) |
| Ex-Dividend Date | May 24, 2022 |
| Volume | 1,905,748 |
| Open | 13.68 |
| Previous Close | 13.64 |
| Day's Range | 13.26 - 13.92 |
| 52-Week Range | 10.88 - 16.62 |
| Beta | 1.10 |
| Analysts | Buy |
| Price Target | 23.29 (+71.1%) |
| Earnings Date | Apr 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...
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 StatementsAnalyst 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.
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.
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?
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...
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...
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...
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...
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.
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...
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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...
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...
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...
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...
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).
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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...
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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...
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...
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...
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...
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...
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...
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