First BanCorp. (FBP)

NYSE: FBP · IEX Real-Time Price · USD
13.92
+0.47 (3.49%)
Feb 1, 2023, 4:00 PM EST - Market closed
3.49%
Market Cap 2.57B
Revenue (ttm) 897.95M
Net Income (ttm) 303.86M
Shares Out 184.61M
EPS (ttm) 1.54
PE Ratio 9.04
Forward PE n/a
Dividend $0.46 (3.31%)
Ex-Dividend Date Nov 23, 2022
Volume 1,908,676
Open 13.35
Previous Close 13.45
Day's Range 13.29 - 14.06
52-Week Range 11.94 - 16.40
Beta 1.17
Analysts Buy
Price Target 17.14 (+23.13%)
Earnings Date Jan 27, 2023

About FBP

First BanCorp. operates as a bank holding company for FirstBank Puerto Rico that provides various financial services for retail, commercial, and institutional clients. 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 and floor plan financings; and other products, such... [Read more]

Sector Financials
Founded 1948
Employees 3,075
Stock Exchange NYSE
Ticker Symbol FBP
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 9 analysts, the average rating for FBP stock is "Buy." The 12-month stock price forecast is $17.14, which is an increase of 23.13% from the latest price.

Price Target
$17.14
(23.13% upside)
Analyst Consensus: Buy
Stock Forecasts

News

First Bancorp (FBP) Q4 Earnings and Revenues Miss Estimates

First Bancorp (FBP) delivered earnings and revenue surprises of -2.44% and 9.35%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

5 days ago - Zacks Investment Research

First Bancorp. Announces Earnings for the Quarter and Year Ended December 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 repo...

6 days ago - Business Wire

First Bancorp (FBP) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

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.

1 week ago - Zacks Investment Research

First BanCorp to Announce 4Q 2022 Results on January 27, 2023

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 res...

3 weeks ago - Business Wire

3 Promising Bank Stocks as Recession Threat Looms in 2023

Amid expectations of moderate recession in 2023, banks like First BanCorp (FBP), Fulton Financial (FULT) and First Citizens (FCNCA) look promising on higher interest rates and earnings prospects.

Other symbols: FCNCAFULT
1 month ago - Zacks Investment Research

5 Stocks to Pop Surprise Returns From Secret Santa

Adicet Bio (ACET), Enfusion (ENFN), Dillard's (DDS), First BanCorp. (FBP) and Hillenbrand (HI) could bring gifts of surprise returns from Secret Santa.

Other symbols: ACETDDSENFNHI
1 month ago - Zacks Investment Research

Should Value Investors Buy First BanCorp. (FBP) 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...

1 month ago - Zacks Investment Research

The Financial Times' The Banker Magazine Selects FirstBank Puerto Rico as “Bank of the Year - Puerto Rico”

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First BanCorp. (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico (the “Bank”), announced today that The Banker, a Financial ...

2 months ago - Business Wire

Are Investors Undervaluing First BanCorp. (FBP) 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...

2 months ago - Zacks Investment Research

Is First BanCorp. (FBP) Stock Outpacing Its Finance Peers This Year?

Here is how First Bancorp (FBP) and Columbia Banking (COLB) have performed compared to their sector so far this year.

2 months ago - Zacks Investment Research

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 q...

3 months ago - Business Wire

First Bancorp (FBP) Beats Q3 Earnings and Revenue Estimates

First Bancorp (FBP) delivered earnings and revenue surprises of 2.56% and 2.43%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

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

3 months 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.

3 months ago - Zacks Investment Research

First BanCorp to Announce 3Q 2022 Results on October 25, 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 resul...

4 months ago - Business Wire

Is First BanCorp. (FBP) Stock Undervalued 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...

4 months ago - Zacks Investment Research

New Strong Buy Stocks for September 20th

ABNB, FOUR, FBP, KYOCY, and STER have been added to the Zacks Rank #1 (Strong Buy) List on September 20, 2022.

Other symbols: ABNBFOURKYOCYSTER
4 months ago - Zacks Investment Research

Best Value Stocks to Buy for September 20th

SRT, FBP and IMO made it to the Zacks Rank #1 (Strong Buy) value stocks list on September 20, 2022.

Other symbols: SRT
4 months ago - Zacks Investment Research

Best Value Stocks to Buy for August 29th

FBP, GSL and AVNW made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 29, 2022.

Other symbols: AVNWGSL
5 months ago - Zacks Investment Research

Best Income Stocks to Buy for August 29th

ARR, GSL and FBP made it to the Zacks Rank #1 (Strong Buy) income stocks list on August 29, 2022.

Other symbols: ARRGSL
5 months ago - Zacks Investment Research

Best Value Stocks to Buy for August 25th

JAKK, CIXX and FBP made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 25, 2022.

Other symbols: CIXXJAKK
5 months ago - Zacks Investment Research

Best Value Stocks to Buy for August 22nd

FBP, TNP and ABCB made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 22, 2022.

Other symbols: ABCBTNP
5 months ago - Zacks Investment Research

Best Momentum Stocks to Buy for August 22nd

WWE, FBP and SMMF made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 22, 2022.

Other symbols: SMMFWWE
5 months ago - Zacks Investment Research

New Strong Buy Stocks for August 22nd

TNP, ABCB, FBP, CVBF and SMMF have been added to the Zacks Rank #1 (Strong Buy) List on August 22, 2022.

Other symbols: ABCBCVBFSMMFTNP
5 months ago - Zacks Investment Research

Best Value Stocks to Buy for August 18th

NOAH, URI, and FBP made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 18, 2022.

Other symbols: NOAHURI
6 months ago - Zacks Investment Research