First Bancorp Puerto Rico (FBP) AI Stock Analysis

• Market Cap: $3.04B
• Dividend Yield: 3.37%
• Average Volume (3M): 1.62M
• Price to Earnings (P/E): 10.3
• Beta (1Y): 1.08
• Revenue Growth: 4.84%
• EPS Growth: 4.75%
• Country: US
• Employees: 3,113
• Sector: Financial
• Sector Strength: 81
• Industry: Banks - Regional
• EPS (TTM): 1.81
• Shares Outstanding: 163,126,100
• 10 Day Avg. Volume: 1,503,272
• 30 Day Avg. Volume: 1,621,454
• PEG Ratio: 1.82
• Price to Book (P/B): N/A
• Price to Sales (P/S): 3.41
• Price to Cash Flow (P/CF): 8.00
• P/FCF Ratio: 5.10
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $20.00
• Price Target Upside: 2.15% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

First Bancorp Puerto Rico exhibits strong financial fundamentals with solid profitability and efficient cost management. The stock is technically sound with moderate momentum and is attractively valued with a reasonable P/E ratio and a good dividend yield. Recent earnings guidance and strategic leadership changes suggest positive future growth, though challenges in credit loss provisions and consumer credit need attention.

First Bancorp Puerto Rico Business Overview & Revenue Model

Company Description

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 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, boat, credit card, and personal loans; 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); and finance leasing and 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; and internet banking, cash management, remote deposit capture, and automated clearing house, and transactions services. The Virgin Islands Operations segment is involved in consumer, commercial lending, and deposit-taking activities. The company operates 64 branches in Puerto Rico, 8 branches in the U.S. Virgin Islands and British Virgin Islands, and 11 branches in the state of Florida. First BanCorp. was founded in 1948 and is headquartered in San Juan, Puerto Rico.

How the Company Makes Money

First Bancorp Puerto Rico generates revenue through interest income on loans and securities, as well as non-interest income from service charges, fees, and commissions. The company's key revenue streams include interest collected from consumer loans, mortgages, and commercial loans provided to individuals and businesses. Additionally, FBP earns money from service fees related to deposit accounts, transaction processing, and other banking services. The company also benefits from strategic partnerships and a strong customer base in its regional markets, which contribute to its financial performance.

First Bancorp Puerto Rico Financial Statement Overview

Summary

First Bancorp Puerto Rico demonstrates strong financial performance with steady revenue growth, efficient cost management, and solid profitability margins. The balance sheet indicates a stable equity position and manageable leverage, though debt levels require careful monitoring. Cash flow analysis reveals robust operational cash generation, supporting growth and stability.

Income Statement

First Bancorp Puerto Rico has shown stable revenue growth over the years, with a notable increase in total revenue from 2020 to 2024. The gross profit margin remains healthy as gross profit equals total revenue, indicating efficient cost management. The net profit margin is strong, supported by substantial net income in recent years, particularly in 2024. However, a comparison of EBIT and EBITDA data shows variability, which could suggest fluctuations in operating efficiency.

Balance Sheet

The company's balance sheet reflects a stable equity base, with stockholders' equity growing consistently. The debt-to-equity ratio is moderate, indicating manageable leverage levels. The equity ratio suggests a solid proportion of assets financed by equity, enhancing financial stability. Nevertheless, the total debt has fluctuated, which could pose potential risks if not managed effectively.

Cash Flow

The cash flow statement shows strong operating cash flows, which consistently cover net income, indicating effective cash conversion from operations. Free cash flow is positive, showing growth over the years, which supports reinvestment and shareholder returns. However, fluctuations in investing and financing cash flows suggest variability in capital allocation and funding strategies.

Breakdown
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
130.72M	863.27M	23.57M	835.86M	698.64M
	Gross Profit
130.72M	863.27M	23.57M	835.86M	698.64M
	EBIT
81.27M	388.72M	514.90M	427.82M	116.32M
	EBITDA
0.00	425.67M	478.69M	464.19M	142.09M
	Net Income Common Stockholders
298.72M	302.86M	305.07M	281.02M	102.27M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
5.72B	662.46M	6.00B	9.00B	6.14B
	Total Assets
19.29B	18.91B	18.63B	20.79B	18.79B
	Total Debt
561.70M	661.70M	858.76M	383.76M	623.76M
	Net Debt
-597.01M	-525.00K	379.98M	-2.16B	-809.80M
	Total Liabilities
17.62B	17.41B	17.31B	18.68B	16.52B
	Stockholders Equity
1.67B	1.50B	1.33B	2.10B	2.28B
Cash Flow		Free Cash Flow
394.14M	340.36M	420.03M	386.37M	281.67M
	Operating Cash Flow
404.15M	362.96M	440.49M	399.72M	297.74M
	Investing Cash Flow
136.23M	-78.45M	-681.46M	-1.26B	-1.24B
	Financing Cash Flow
-44.13M	-101.85M	-1.82B	1.91B	1.79B

First Bancorp Puerto Rico Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 19.58
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FBP, the sentiment is Positive. The current price of 19.58 is above the 20-day moving average (MA) of 18.35, above the 50-day MA of 18.73, and below the 200-day MA of 19.64, indicating a neutral trend. The MACD of 0.05 indicates Negative momentum. The RSI at 61.83 is Neutral, neither overbought nor oversold. The STOCH value of 95.82 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FBP.

First Bancorp Puerto Rico Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
UCB	79 Outperform	$3.26B	12.94	7.64%	3.57%	6.75%	37.84%
FBP	71 Outperform	$3.04B	10.32	18.55%	3.37%	4.84%	4.75%
RNST	70 Outperform	$3.05B	10.01	7.83%	2.83%	13.04%	31.39%
WSBC	69 Neutral	$2.86B	13.23	5.69%	4.93%	13.59%	-10.62%
CATY	68 Neutral	$2.99B	10.77	10.07%	3.22%	2.76%	-12.43%
FHB	66 Neutral	$2.91B	12.54	9.11%	4.43%	-0.47%	5.97%
Sector *	63 Neutral	$12.33B	9.59	8.02%	79.26%	12.87%	-4.61%

First Bancorp Puerto Rico Corporate Events

First Bancorp Puerto Rico Announces Strategic Leadership Changes

On January 31, 2025, First BanCorp announced a strategic reorganization as part of its corporate succession plan, focusing on improving operational efficiency and enhancing customer experience. Key changes include the retirement of Cassan Pancham and Carlos Power from executive positions and the promotion of Nayda Rivera to Chief Consumer Officer and Corporate Chief of Staff. The reorganization aims to align the company’s resources for future growth, reflecting the company’s commitment to strategic goals and responsible growth. This shift in leadership roles is expected to strengthen the company’s position in the market and support its long-term success.