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First BanCorp - Puerto Rico (FBP)

Stock Price: $8.12 USD 0.17 (2.08%)
Updated November 23, 10:47 AM EST - Market open

Stock Price Chart

Key Info

Market Cap 1.77B
Revenue (ttm) 496.15M
Net Income (ttm) 85.91M
Shares Out 218.23M
EPS (ttm) 0.40
PE Ratio 20.29
Forward PE n/a
Dividend $0.20
Dividend Yield 2.46%

Stock Quote

Trading Day November 23
Last Price $8.12
Previous Close $7.95
Change ($) 0.17
Change (%) 2.08%
Day's Open 8.11
Day's Range 8.00 - 8.12
Day's Volume 107,758
52-Week Range 3.50 - 11.01

More Stats

Market Cap 1.77B
Enterprise Value 275.18M
Earnings Date (est) Feb 2, 2021
Ex-Dividend Date Aug 26, 2020
Shares Outstanding 218.23M
Float 213.18M
EPS (basic) 0.39
EPS (diluted) 0.40
FCF / Share 0.98
Dividend $0.20
Dividend Yield 2.46%
Earnings Yield 4.93%
FCF Yield 12.12%
Payout Ratio 51.30%
Shares Short 2.58M
Short Ratio 1.92
Short % of Float 1.21%
Beta 1.37
PE Ratio 20.29
Forward PE n/a
P/FCF Ratio 8.25
PS Ratio 3.57
PB Ratio 0.79
Revenue 496.15M
Operating Income 104.36M
Net Income 85.91M
Free Cash Flow 214.55M
Net Cash 1.50B
Net Cash / Share 6.85
Gross Margin 124.56%
Operating Margin 21.03%
Profit Margin 17.30%
FCF Margin 43.24%
ROA 0.57%
ROE 4.00%
ROIC 0.70%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Forecasts

Analyst Ratings (4)

Buy 3
Overweight 0
Hold 1
Underweight 0
Sell 0

Analyst Consensus: Buy

Price Target

$8.88*
(9.43% upside)
Low
7.00
Current: $8.12
High
10.00
Target: 8.88
*Average 12-month price target from 4 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year2019201820172016201520142013201220112010
Revenue617548410485412470256391265-55.01
Revenue Growth12.58%33.87%-15.59%17.93%-12.42%83.76%-34.53%47.32%--
Gross Profit617548410485412470256391265-55.01
Operating Income23919161.9813027.7291.64-15935.71-72.91-421
Net Income16519964.2893.0121.30394-16429.78173-122
Shares Outstanding21721721621721521320720620421.30
Earnings Per Share0.760.920.300.430.101.87-0.800.142.18-10.79
EPS Growth-17.39%206.67%-30.23%330%-94.65%---93.58%--
Dividend Per Share0.140.03--------
Dividend Growth366.67%---------
Operating Cash Flow294288236199262264342229157237
Capital Expenditures-20.91-17.97-7.37-8.09-8.42-20.94-11.79-10.92-8.27-31.99
Free Cash Flow273270229191253243330218149205
Cash & Equivalents644586716300752796656947447370
Total Debt8541,0741,2241,1861,3811,4571,4321,6401,6232,313
Net Cash / Debt-210-488-507-887-629-661-776-694-1,176-1,943
Assets12,61112,24412,26111,92212,57312,72812,65713,10013,12715,593
Liabilities10,38310,19910,39210,13610,87911,05611,44111,61511,68314,535
Book Value2,2282,0451,8691,7861,6941,6721,2161,4851,4441,058
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name First BanCorp - Puerto Rico
Country Puerto Rico
Employees 2,674
CEO Aurelio Alemán-Bermúdez

Stock Information

Ticker Symbol FBP
Stock Exchange New York Stock Exchange
Sector Financial Services
Industry Banks—Regional
Unique Identifier NYSE: FBP

Description

First BanCorp. operates as the bank holding company for FirstBank Puerto Rico that provides a range of financial products and 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 Banking segment is involved in the origination, sale, and servicing of various residential mortgage loan products and related hedging activities; and acquisition and sale of mortgages in the secondary markets. The Consumer (Retail) Banking segment provides auto, boat, and personal loans; credit cards; lines of credit; deposit products comprising interest bearing and non-interest bearing checking and savings accounts, individual retirement accounts, and retail certificates of deposit (CDs); finance leasing and insurance services. The Treasury and Investments segment engages in the treasury and investment management activities, such as funding and liquidity management. The United States Operations segment offers checking, savings, and money market accounts, as well as retail CDs; and residential mortgages, home equity loans, lines of credit, and term loans, as well as Internet banking, cash management, remote data capture, automated clearing house transaction services. The Virgin Islands Operations segment is involved in the consumer, commercial lending, and deposit-taking activities. As of December 31, 2019, the company operated 46 branches in Puerto Rico, 11 branches in the U.S. Virgin Islands and British Virgin Islands, and 10 branches in the state of Florida. First BanCorp. was founded in 1948 and is headquartered in Santurce, Puerto Rico.